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.

535 RIO DEL NORTE Road, St. Augustine, FL 32095 (MLS# 1169493)

535 RIO DEL NORTE Road, St. Augustine, FL 32095

$1,070,000

Virtual Tour

http://tours.KimLindseyPhotography.com/tour/MLS/535RioDelNorteRoad_StAugustine_FL_32095_939_265136.html

015-535RioDelNorteRoad-StAugustine-FL-32

Property Type: Residential Bedrooms: 4 Baths: 4 Square Footage: 3,236 Status: Closed

Current Price: $1,070,000 List Date: 5/20/2022 Last Modified: 2/15/2025

Overview

Description

Wow.....DIRECT INTRACOASTAL/MARSH VIEWS. Just imagine sitting on your back lanai with your morning coffee watching the stunning sunrises every day or watch boats sailing down the marsh and intracoastal. This Emerald home is a 'Cypress' floor plan with an extraordinary view while sitting in the Great room, Master Bedroom and/or kitchen. The OPEN Floor Plan leaves you options for the Bonus Room in the front of the home. This 4 Bedroom, 3 1/2 Bath home has Designer selected Interiors with upgraded light features. The custom designed garage is a man's dream with storage galore and a charging station for your Tesla. Included are 2 sets of Washer & Dryers with 1 set being BRAND NEW. 10' ceilings & trey ceilings throughout you will notice all the extra crown molding and more

Supplements: Don't forget what Palencia Amenities bring to your world...10 Har-tru Tennis Courts, Pickleball, State-of-the-art Fitness Center, Sports Field, Basketball, Parks, Walking & Biking paths along with a gorgeous Boardwalk to the ICW/Tolomato River. The private Palencia Club overs a beautiful Hampton Club Golf Course with separate memberships for soc ... (Read more)

Listing Details MLS# 1169493

General Property Information

Bedrooms Total: 4
Bathrooms Full: 3
Bathrooms Half: Yes
Bathrooms Total: 4
Living Area: 3236
Living Area Source: Public Records
Year Built: 2016
Association YN: Yes
Association Fee: 100
Association Fee Frequency: Annually
Association Name: Isle of Palencia HOA
Association Phone: 904 242-0666
CDD Fee YN: Yes
CDD Fee Amount: 4831.51
New Construction YN: No
Garage Spaces: 3
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: Yes
Furnished: Unfurnished
Stories: Yes
Entry Level: Yes
Directions: US-1 North of Int'l Golf Pkwy to Las Calinas Blvd. Proceed to Palencia gate. Continue to roundabout. 2nd R to keep straight on Las Calinas Blvd. L at Pantano Vista Way, then R at Rio Del Norte RD.
Public Remarks: Wow.....DIRECT INTRACOASTAL/MARSH VIEWS. Just imagine sitting on your back lanai with your morning coffee watching the stunning sunrises every day or watch boats sailing down the marsh and intracoastal. This Emerald home is a 'Cypress' floor plan with an extraordinary view while sitting in the Great room, Master Bedroom and/or kitchen. The OPEN Floor Plan leaves you options for the Bonus Room in the front of the home. This 4 Bedroom, 3 1/2 Bath home has Designer selected Interiors with upgraded light features. The custom designed garage is a man's dream with storage galore and a charging station for your Tesla. Included are 2 sets of Washer & Dryers with 1 set being BRAND NEW. 10' ceilings & trey ceilings throughout you will notice all the extra crown molding and more
List Price/SqFt: 367.74
Sold Price/SqFt: 330.66

Property Features

Approx Parcel Size: .25 to .5 Acre Architectural Style: Ranch Accessibility Features: Accessible Common Area Appliances: Dishwasher; Disposal; Dryer; Gas Cooktop; Gas Range; Ice Maker; Microwave; Refrigerator; Tankless Water Heater; Washer Fireplace Features: Gas Interior Features: Breakfast Bar; Built-in Features; Eat-in Kitchen; Entrance Foyer; Kitchen Island; Pantry; Primary Bathroom -Tub with Separate Shower; Primary Downstairs; Split Bedrooms; Walk-In Closet(s) Flooring: Tile; Wood Utilities: Cable Available Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Green Energy Efficient: Appliances Security Features: Security System Owned; Smoke Detector(s) Construction Materials: Fiber Cement; Frame; Stucco Roof: Metal; Shingle Parking Features: Attached; Garage Lot Features: Sprinklers In Front; Sprinklers In Rear View: Water Waterfront Features: Marsh Current Use: Residential; Single Family Association Amenities: Basketball Court; Children's Pool; Clubhouse; Community Pool; Fitness Center; Golf Course; Jogging Path; Playground; Sauna; Spa/Hot Tub; Tennis Court(s); Trash Possession: Negotiable Listing Terms: Cash; Conventional; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2022-05-16

Location Tax and Legal

Street Number: 535
Street Name: RIO DEL NORTE
Street Suffix: Road
County: St. Johns
State: FL
Postal Code: 32095
MLS Area Major: 312-Palencia Area
Subdivision Name: Palencia

Status Change Information

Major Change Timestamp: 2023-11-17T11:59:25Z
Major Change Type: Price Reduced
Price Change Timestamp: 2022-06-20T17:09:31Z
Purchase Contract Date: 2022-07-22
Close Date: 2022-07-29
Close Price: 1070000

Fireplace Features

Fireplaces Total: Yes

More Information

DPR Eligible

DPR Eligible: No

Historical Information

Public Historical Remarks 1: Utilities-Underground: Y, Utilities-Separate Electric Meter(s): Y, Club Amenities-Nature Trails: Y, Football Field(s): Y, Self Cleaning Oven: Y, Kitchen-Solid Surface Countertops: Y, Structure Builder: Emerald Homes, Golf Course Comm: Y
Public Historical Remarks 2: Common Club Amenities-Club Facilities: Y, Energy Features-Ceiling Fan(s): Y, Utilities-Separate Water Meter(s): Y, Club Amenities-Bike Path: Y, Soccer Field(s): Y, Baseball Field(s): Y, Bath-Garden Bath: Y, Interior Amenities-Ceiling 8+ Ft.: Y, Interior Amenities-Sliding Glass Door(s): Y, Structure Slab: Y
Public Historical Remarks 3: Intermediate School: Other

Room Information

Room Name	Level	Length	Width
Living Room
Family Room
Utility Room
Primary Bedroom	First	15.00	19.00
Bedroom 1	First	14.00	12.00
Bedroom 2	First	12.00	12.00
Bedroom 3	First	12.00	12.00
Great Room	First	16.00	23.00
Kitchen	First	16.00	14.00
Bonus Room	First	16.00	14.00