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 WALNUT Drive, St. Johns, FL 32259 (MLS# 2132297)

481 WALNUT Drive, St. Johns, FL 32259

$299,900

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 1,744 Status: Closed

Current Price: $299,900 List Date: 2/27/2026 Last Modified: 4/28/2026

Overview

Description

Discover the perfect blend of comfort, security, and convenience in this highly desirable gated community townhome. Enjoy picturesque pond views from your own private retreat just minutes from major highways and the vibrant Durbin Pavilion shopping center. This stunning home features an oversized primary bedroom suite with dual walk-in closets. New screens in patio, newer A/C, refrigerator, water heater, washer and dryer offer peace of mind. Community renovations create an even more of an attractive setting and long-term value. This home is ready to welcome you! Buyers can receive 1% (based on the loan amount) Lender credit towards buyers closing costs with preferred lender, Florida Coast Mortgage.

Listing Details MLS# 2132297

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 1744
Living Area Source: Public Records
Year Built: 2011
Accessory Dwelling Unit Y/N: No
Homestead YN: Yes
Association YN: Yes
Association Fee: 100
Association Fee Frequency: Monthly
Association Fee 2: 230
Association Fee 2 Frequency: Monthly
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: Yes
Stories: 2
Senior Community YN: No
Directions: I 295 South merge onto FL 9B South. Take Exit 2 for US 1 South. Turn Right onto Race Track Rd. Turn Left onto Big Cypress Drive. Enter Gate and make Right onto Walnut Drive. Home on Left.
Public Remarks: Discover the perfect blend of comfort, security, and convenience in this highly desirable gated community townhome. Enjoy picturesque pond views from your own private retreat just minutes from major highways and the vibrant Durbin Pavilion shopping center. This stunning home features an oversized primary bedroom suite with dual walk-in closets. New screens in patio, newer A/C, refrigerator, water heater, washer and dryer offer peace of mind. Community renovations create an even more of an attractive setting and long-term value. This home is ready to welcome you! Buyers can receive 1% (based on the loan amount) Lender credit towards buyers closing costs with preferred lender, Florida Coast Mortgage.
List Price/SqFt: 171.96
Sold Price/SqFt: 171.96

Property Features

Appliances: Dishwasher; Dryer; Electric Range; Electric Water Heater; Microwave; Refrigerator; Washer Flooring: Carpet; Tile Utilities: Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Security Features: Security Gate Parking Features: Attached; Garage Door Opener View: Pond Waterfront Features: Pond Current Use: Residential Association Amenities: Basketball Court; Community Pool; Dog Park; Gated; Jogging Path; Maintenance Grounds; Maintenance Structure; Management - Off Site; Playground; Tennis Court(s) Association Fee Includes: Maintenance Grounds; Maintenance Structure Community Features: Gated Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan Contingency Reason: Financing

Contract Information

Property Sub Type: Townhouse
Property Attached YN: Yes
Listing Contract Date: 2026-02-26

Location Tax and Legal

Street Number: 481
Street Name: WALNUT
Street Suffix: Drive
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 301-Julington Creek/Switzerland
Subdivision Name: Crossings At Cypress Trace

Status Change Information

Major Change Timestamp: 2026-04-28T17:33:35Z
Major Change Type: Status Change
Purchase Contract Date: 2026-03-25
Close Date: 2026-04-28
Close Price: 299900

DPR Eligible

DPR Eligible: No

More Information

Documents

Lender Credit Opportunity ›

Flood Disclosure ›

Realtor Owned Property Addendum ›

Listing Office: CENTURY 21 LIGHTHOUSE REALTY

Last Updated: April - 28 - 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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