Are Jacksonville home prices expected to drop further?

Nobody can honestly promise a specific direction. Prices are down modestly year over year, not falling sharply, and the market is described as balanced to slightly seller-favoring by most current reporting — not a buyer's market in the way the term usually implies.

How many days does it actually take to buy a house in Jacksonville right now?

It depends heavily on the specific home. Current data shows a real split: well-priced homes in strong areas can go under contract in under two weeks, while others sit for three months or more. The citywide average sits somewhere in between and can be misleading on its own.

Is Jacksonville still a buyer's market or a seller's market?

Most current data puts it close to balanced, with a slight lean toward sellers overall — but this varies meaningfully by neighborhood and price point, which is why a citywide label only tells part of the story.

Should I wait for mortgage rates to drop before buying?

That's a real financial trade-off, not a simple yes or no — rates have actually trended up, not down, through this fall. A monthly-payment conversation based on your actual numbers is more useful than a guess about where rates go next.

448 BORACAY Circle, St. Johns, FL 32259 (MLS# 2082492)

448 BORACAY Circle, St. Johns, FL 32259

$2,350

Property Type: Residential Lease Bedrooms: 3 Baths: 3 Square Footage: 1,631 Lot Size (sq. ft.): 2,614 Status: Closed

Current Price: $2,350 List Date: 4/18/2025 Last Modified: 4/16/2026

Overview

Description

LIKE NEW 3 bedroom 2.5 bath large townhome with one car garage. Golf cart community. Relax at the beach lagoon, Workout at the gym or have a drink at pool side bar and waterslide. 9ft ceilings on the ground floor. Tile plank floors entire first floor, as well as bathrooms and laundry room upstairs. Stainless steel appliances in the kitchen, quartz counters, 42' recessed panel cabinets, LED lights throughout, all bedrooms have lights as well. HUGE Owner's Suite with glass enclosed shower. Location is fantastic. St Johns county schools- A Rated. 11 mi to Atlantic Ocean, convenient to St Augustine, Ponte Vedra & Jacksonville. Electric car charging available. Amenities are NOT a separate fee and included in the price of this rental. (**PERKS: AT&T is already established in home, just order the self install kit**)

Listing Details MLS# 2082492

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 1631
Living Area Source: Builder
Year Built: 2023
Lot Size Acres: 0.06
Association YN: Yes
Accessibility Features YN: Yes
Garage YN: Yes
Garage Spaces: Yes
Carport YN: No
Water Body Access YN: No
Waterfront YN: No
Stories Total: 2
Senior Community YN: No
Directions: From I-95, exit CR 210 east, Left on Rum Runner, Left Albany Bay, Left Boracay Cir. 448 will be on your left hand side.
Public Remarks: LIKE NEW 3 bedroom 2.5 bath large townhome with one car garage. Golf cart community. Relax at the beach lagoon, Workout at the gym or have a drink at pool side bar and waterslide. 9ft ceilings on the ground floor. Tile plank floors entire first floor, as well as bathrooms and laundry room upstairs. Stainless steel appliances in the kitchen, quartz counters, 42' recessed panel cabinets, LED lights throughout, all bedrooms have lights as well. HUGE Owner's Suite with glass enclosed shower. Location is fantastic. St Johns county schools- A Rated. 11 mi to Atlantic Ocean, convenient to St Augustine, Ponte Vedra & Jacksonville. Electric car charging available. Amenities are NOT a separate fee and included in the price of this rental. (**PERKS: AT&T is already established in home, just order the self install kit**)
List Price/SqFt: 1.47
Sold Price/SqFt: 1.44

Property Features

Levels: Two Appliances: Dishwasher; Dryer; Electric Range; Microwave; Refrigerator; Washer Interior Features: Kitchen Island Laundry Features: In Unit; Upper Level Smart Home Features: Locks; Programmable Thermostat Patio And Porch Features: Front Porch; Patio; Rear Porch; Screened Association Amenities: Children's Pool; Clubhouse; Community Pool; Dog Park; Fitness Center; Jogging Path; Pickleball; Playground; Tennis Court(s) Community Features: Sidewalks Water Source: Public Parking Features: Garage Sewer: Public Sewer Security Features: Smoke Detector(s) View: Trees/Woods Utilities: Cable Available; Electricity Connected; Sewer Connected Cooling: Central Air; Electric Heating: Central; Heat Pump Rent Includes: Trash Collection Tenant Pays: All Utilities; Pest Control Pets Allowed: Call

Contract Information

Property Sub Type: Townhouse
Listing Contract Date: 2025-04-17
Lease Term: 12 Months
Availability Date: 2025-04-17

Location Tax and Legal

Street Number: 448
Street Name: BORACAY
Street Suffix: Circle
State: FL
County: St. Johns
Postal Code: 32259
MLS Area Major: 301-Julington Creek/Switzerland
Subdivision Name: Grand Isle At Beachwalk

Status Change Information

Major Change Timestamp: 2025-08-15T16:25:20Z
Major Change Type: Status Change
Purchase Contract Date: 2025-07-02
Close Date: 2025-08-15
Close Price: 2350

More Information

Listing Office: SUMMER HOUSE REALTY

Last Updated: April - 16 - 2026

Information deemed reliable but not guaranteed.

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Zelda Greenberg is a real estate agent affiliated with Legacy Realty Group North Florida, Inc., a licensed real estate brokerage that abides by equal housing opportunity laws. This is not intended to solicit property already listed. All material presented is intended for informational purposes only. Information is compiled from sources that are deemed reliable but subject to price changes, condition, sale, withdrawal, and errors & omissions.

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