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.

511 CLOISTERBANE Drive, St. Johns, FL 32259 (MLS# 922811)

511 CLOISTERBANE Drive, St. Johns, FL 32259

$450,000

Virtual Tour

https://tours.eastcoastvtours.com/962393?idx=1

511 Cloisterbane Dr Saint-MLS_Size-081-6

Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 2,974 Status: Closed

Current Price: $450,000 List Date: 2/24/2018 Last Modified: 2/07/2026

Overview

Description

You'll know THIS IS HOME the moment you step inside this open concept home with soaring 10' ceilings, crown molding & wood floors. Entertain in the gourmet kitchen with 42” cabinets, granite island, SS appliances, smooth cooktop, double ovens, pots/pans drawers. Organize and store in the walk-in pantry & drop-zone. Dining room, office/den and spacious guest suite complete the first floor. 3-panel sliding door opens to the screened lanai with gas fireplace, pool, spa and paver patio. Second floor oversized loft surrounded by master suite, 2 secondary bedrooms, large guest bath with dual vanity, and laundry room. Located in coveted Durbin Crossing with 2 resort style amenities centers & within walking distance to A-Rated Patriot Oaks Academy (K-8). COME, SEE and BUY TODAY!

Listing Details MLS# 922811

General Property Information

Bedrooms Total: 4
Bathrooms Full: 3
Bathrooms Total: 3
Living Area: 2974
Living Area Source: Public Records
Year Built: 2015
Association YN: Yes
Association Fee: 50
Association Fee Frequency: Annually
CDD Fee YN: Yes
CDD Fee Amount: 2212.46
New Construction YN: No
Garage Spaces: 2
Water Body Access YN: No
Waterfront YN: No
Stories: 2
Directions: Heading West on Race Track Rd, turn L on St Johns Pkwy, R on Longleaf Pine Pkwy, R on North Durbin Crossing, and L on Cloisterbane. House will be on the left.
Public Remarks: You'll know THIS IS HOME the moment you step inside this open concept home with soaring 10' ceilings, crown molding & wood floors. Entertain in the gourmet kitchen with 42” cabinets, granite island, SS appliances, smooth cooktop, double ovens, pots/pans drawers. Organize and store in the walk-in pantry & drop-zone. Dining room, office/den and spacious guest suite complete the first floor. 3-panel sliding door opens to the screened lanai with gas fireplace, pool, spa and paver patio. Second floor oversized loft surrounded by master suite, 2 secondary bedrooms, large guest bath with dual vanity, and laundry room. Located in coveted Durbin Crossing with 2 resort style amenities centers & within walking distance to A-Rated Patriot Oaks Academy (K-8). COME, SEE and BUY TODAY!
List Price/SqFt: 152.99
Sold Price/SqFt: 151.31

Property Features

Approx Parcel Size: Less than .25 Acre Architectural Style: Traditional Appliances: Dishwasher; Disposal; Electric Range; Electric Water Heater; Microwave; Refrigerator Fireplace Features: Gas Interior Features: Breakfast Bar; Breakfast Nook; Entrance Foyer; In-Law Floorplan; Kitchen Island; Pantry; Primary Bathroom -Tub with Separate Shower; Walk-In Closet(s) Flooring: Carpet; Tile; Wood Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Cable Available; Propane Cooling: Central Air; Electric; Zoned Heating: Central; Electric; Heat Pump; Zoned Water Source: Public Sewer: Public Sewer Smart Home Features: Programmable Thermostat Green Energy Efficient: Windows Security Features: Smoke Detector(s) Construction Materials: Frame; Stucco Patio And Porch Features: Patio Pool Features: In Ground Spa Features: Private Roof: Shingle Parking Features: Attached; Garage; Garage Door Opener Lot Features: Cul-De-Sac; Sprinklers In Front; Sprinklers In Rear; Wooded Fencing: Back Yard; Other Current Use: Residential; Single Family Association Amenities: Basketball Court; Children's Pool; Community Pool; Fitness Center; Playground; Tennis Court(s) Possession: Negotiable Listing Terms: Cash; Conventional; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2018-02-23

Location Tax and Legal

Street Number: 511
Street Name: CLOISTERBANE
Street Suffix: Drive
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 301-Julington Creek/Switzerland
Subdivision Name: Durbin Crossing

Status Change Information

Major Change Timestamp: 2023-11-14T08:06:21Z
Major Change Type: Price Reduced
Price Change Timestamp: 2018-04-07T15:14:30Z
Purchase Contract Date: 2018-05-24
Close Date: 2018-06-07
Close Price: 450000

Historical Information

Public Historical Remarks 1: Storage Room: Y, Mandatory Fees: Y, Interior Amenities-Window Treatment(s): Y, Interior aMENITIES-Prewired Audio: Y, Self Cleaning Oven: Y, Kitchen-Solid Surface Countertops: Y, Parking Facilities-Keypad Entry: Y, Suburban Lot Location: Y
Public Historical Remarks 2: Common Club Amenities-Club Facilities: Y, Covenants/Restrictions: Y, Energy Features-Exhaust Fans: Y, Bath-Garden Bath: Y, Interior Amenities-Ceiling 8+ Ft.: Y, Interior Amenities-Sliding Glass Door(s): Y, Interior Amenities-French Door(s): Y, Structure Slab: Y

More Information

Room Information

Room Name	Level	Remarks
Office
Loft
Utility Room
Other	First	Breakfast Room
Bonus Room	First	Office w/ French Doors
Bedroom 3	First	Guest Room
Great Room	First
Dining Room	First	Separate Dining Room
Kitchen	First
Other	Second	Loft
Other	Second	Laundry
Primary Bedroom	Second
Bedroom 1	Second
Bedroom 2	Second

Listing Office: BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY

Last Updated: February - 07 - 2026

Information deemed reliable but not guaranteed.