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.

481 SHELL RIDGE Lane, Ponte Vedra, FL 32081 (MLS# 2006562)

481 SHELL RIDGE Lane, Ponte Vedra, FL 32081

$1,200,000

Property Type: Land Lot Size (sq. ft.): 22,651 Status: Closed

Current Price: $1,200,000 List Date: 2/01/2024 Last Modified: 3/02/2025

Overview

Description

Welcome to the majestic estate community of River Landing at Twenty Mile. Where you'll be nestled within tree-lined streets and breathtaking Intracoastal Waterway views. This luxury, gated neighborhood is the first of its kind in the award-winning master-planned community of Nocatee. This is the perfect location for those looking to design and build their dream home with an approved custom home builder or bring your own, subject to ARB approval. You will also have access to daytime boat slips for residents only, which is located at the community River House and dock. This homesite, lot #62, is approximately .52 acres with an avg depth of 212. See the documents section for more details on the homesite.

Listing Details MLS# 2006562

General Property Information

Number Of Lots: Yes
Lot Size Acres: 0.52
CDD Fee YN: Yes
CDD Fee Amount: 3446.83
Association YN: Yes
Association Fee: 2640
Association Fee Frequency: Annually
Water Body Access YN: No
Waterfront YN: Yes
Water Frontage Feet: 100
Directions: Palm Valley Bridge: Takes Debbie's Way from Palm Valley Rd. Take 2nd roundabout exit onto 20 Mile Rd. Turn right on Park Forest, take 1st roundabout exit onto Summit View to Neighborhood Gate.
Public Remarks: Welcome to the majestic estate community of River Landing at Twenty Mile. Where you'll be nestled within tree-lined streets and breathtaking Intracoastal Waterway views. This luxury, gated neighborhood is the first of its kind in the award-winning master-planned community of Nocatee. This is the perfect location for those looking to design and build their dream home with an approved custom home builder or bring your own, subject to ARB approval. You will also have access to daytime boat slips for residents only, which is located at the community River House and dock. This homesite, lot #62, is approximately .52 acres with an avg depth of 212. See the documents section for more details on the homesite.
List Price/Acre: 2307692.31
Sold Price/Acre: 2307692.31

Property Features

Current Use: Residential; Single Family Lot Features: Dead End Street; Many Trees; Wetlands Utilities: Electricity Available; Natural Gas Available; Sewer Available; Water Available Water Source: Public View: Intracoastal; Protected Preserve Waterfront Features: Intracoastal; Ocean Access Road Surface Type: Asphalt Road Frontage Type: Private Road Association Amenities: Basketball Court; Boat Dock; Boat Slip; Children's Pool; Clubhouse; Community Pool; Dog Park; Fitness Center; Gated; Jogging Path; Maintenance Grounds; Management - Developer; Park; Pickleball; Playground; RV/Boat Storage; Tennis Court(s); Trash; Water Security Features: Security Gate Listing Terms: Cash; Conventional Possession: Close Of Escrow Development Status: Completed; Finished Lot(s); Site Plan Approved; Site Plan Filed Contingency Reason: Inspection

Contract Information

Property Sub Type: Unimproved Land
Listing Contract Date: 2024-02-01

Location Tax and Legal

Street Number: 481
Street Name: SHELL RIDGE
Street Suffix: Lane
County: St. Johns
State: FL
Postal Code: 32081
MLS Area Major: 262-Ponte Vedra Beach-W Of A1A-S Of Solana Rd
Subdivision Name: River Landing

Status Change Information

Major Change Timestamp: 2024-07-10T16:06:10Z
Major Change Type: Status Change
Purchase Contract Date: 2024-05-14
Close Date: 2024-07-10
Close Price: 1200000

More Information

Documents

Approved Builders 2024 ›

Listing Office: PARC REALTY INC.

Last Updated: March - 02 - 2025

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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