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.

450 SUMMERSET Drive, St. Johns, FL 32259 (MLS# 2053516)

450 SUMMERSET Drive, St. Johns, FL 32259

$1,100,000

Virtual Tour

https://www.zillow.com/view-imx/c3b49bd1-8d23-4294-8ea3-7c6d258e3b98?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard

Property Type: Residential Bedrooms: 4 Baths: 5 Square Footage: 6,290 Lot Size (sq. ft.): 38,768 Status: Closed

Current Price: $1,100,000 List Date: 11/06/2024 Last Modified: 4/17/2026

Overview

Description

Luxury living with multi-generational possibilities in this stunning lakefront home in highly sought after Bartram Plantation. Set on a .89-acre lot, home boasts a spacious floor plan with soaring ceilings and abundant natural light. Features include a two-story family room with lake views, an elegant study with custom woodwork, and a gourmet kitchen with SS appliances & granite counters The first floor offers three bedrooms, including a luxurious owner's suite, while the second floor houses a game room, fourth bedroom with en suite bath & wet bar. Lavish details throughout include coffered ceilings, extensive tilework, gas fireplace, and jetted tub. Outdoor amenities feature a summer kitchen, heated pool/spa, and professional landscaping. With a three-car garage, electric car hook-up and easy access to major roads, this ICI-built (Prestwick model) home combines quality craftsmanship with a prime location close to shopping & A+ rated schools. Experience Florida living at its finest

Listing Details MLS# 2053516

General Property Information

Bedrooms Total: 4
Bathrooms Full: 4
Bathrooms Half: Yes
Bathrooms Total: 5
Living Area: 4543
Living Area Source: Assessor
Building Area Total: 6290
Year Built: 2005
Accessory Dwelling Unit Y/N: No
Lot Size Acres: 0.89
Association YN: Yes
Association Fee: 1200
Association Fee Frequency: Annually
Association Name: Signature Realty Management
Association Phone: (904) 241-5221
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 3
Carport YN: No
Pool Private YN: Yes
Water Body Access YN: No
Waterfront YN: Yes
Water Frontage Feet: 10
Furnished: Unfurnished
Stories: 2
Entry Level: Yes
Senior Community YN: No
Direction Faces: Southeast
Directions: Go South on SR13, left on Greenbriar Rd, first right into Bartram Plantation. Left on Bridge Creek, 1st right in round-a-bout on Summerset, home is ahead on right.
Public Remarks: Luxury living with multi-generational possibilities in this stunning lakefront home in highly sought after Bartram Plantation. Set on a .89-acre lot, home boasts a spacious floor plan with soaring ceilings and abundant natural light. Features include a two-story family room with lake views, an elegant study with custom woodwork, and a gourmet kitchen with SS appliances & granite counters The first floor offers three bedrooms, including a luxurious owner's suite, while the second floor houses a game room, fourth bedroom with en suite bath & wet bar. Lavish details throughout include coffered ceilings, extensive tilework, gas fireplace, and jetted tub. Outdoor amenities feature a summer kitchen, heated pool/spa, and professional landscaping. With a three-car garage, electric car hook-up and easy access to major roads, this ICI-built (Prestwick model) home combines quality craftsmanship with a prime location close to shopping & A+ rated schools. Experience Florida living at its finest
List Price/SqFt: 264.14
Sold Price/SqFt: 242.13

Property Features

Architectural Style: Contemporary; Traditional Levels: Two Rental Restrictions: 7 Months Appliances: Dishwasher; Dryer; Electric Oven; Electric Range; Electric Water Heater; Microwave; Refrigerator; Washer; Water Softener Owned Fireplace Features: Gas Interior Features: Breakfast Bar; Breakfast Nook; Entrance Foyer; Kitchen Island; Pantry; Primary Bathroom -Tub with Separate Shower; Split Bedrooms; Vaulted Ceiling(s); Walk-In Closet(s); Wet Bar Flooring: Carpet; Concrete; Tile Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected; Propane Cooling: Attic Fan; Central Air; Multi Units; Zoned Heating: Central; Electric; Heat Pump; Zoned Electric: 220 Volts in Garage Water Source: Public Sewer: Public Sewer Smart Home Features: Programmable Thermostat Security Features: Carbon Monoxide Detector(s); Fire Alarm; Security Fence; Smoke Detector(s) Construction Materials: Frame; Stucco Other Structures: Outdoor Kitchen Exterior Features: Outdoor Kitchen Patio And Porch Features: Covered; Front Porch; Porch; Screened Pool Features: In Ground; Heated; Pool Sweep Roof: Shingle Parking Features: Garage; Garage Door Opener; Off Street Lot Features: Corner Lot; Many Trees; Sprinklers In Front; Sprinklers In Rear View: Lake; Water Waterfront Features: Lake Front Fencing: Back Yard; Fenced Current Use: Residential; Single Family Association Amenities: Jogging Path; Maintenance Grounds; Management - Off Site; Park Association Fee Includes: Maintenance Grounds Road Frontage Type: City Street Road Surface Type: Asphalt Possession: Close Of Escrow Listing Terms: Cash; Conventional; VA Loan Room Types: Bedroom 2; Bedroom 3; Bedroom 4; Dining Room; Family Room; Kitchen; Loft; Primary Bedroom

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2024-10-24

Location Tax and Legal

Street Number: 450
Street Name: SUMMERSET
Street Suffix: Drive
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 302-Orangedale Area
Subdivision Name: Bartram Plantation

Status Change Information

Major Change Timestamp: 2024-12-14T16:04:31Z
Major Change Type: Status Change
Purchase Contract Date: 2024-11-13
Close Date: 2024-12-13
Close Price: 1100000

Fireplace Features

Fireplaces Total: Yes

More Information

DPR Eligible

DPR Eligible: No

Room Types

Bedroom 2 Level: Main
Bedroom 3 Level: Main
Bedroom 4 Level: Second
Dining Room Level: Main
Family Room Level: Main
Kitchen Level: Main
Loft Level: Second
Primary Bedroom Level: Main

Room Information

Room Name	Level	Length	Width	Remarks
Primary Bedroom	Main	24.00	16.00
Bedroom 2	Main	12.00	13.00
Bedroom 3	Main	12.00	13.00
Kitchen	Main	14.00	13.60	3.5 X 2.5 Island in Kitchen
Family Room	Main	24.20	18.20
Dining Room	Main	15.00	12.90
Bedroom 4	Second	18.80	15.80
Loft	Second	24.10	17.40

Documents

Listing Office: BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY

Last Updated: April - 17 - 2026

Information deemed reliable but not guaranteed.