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.

54 WATERWHEEL Court, St. Johns, FL 32259 (MLS# 2025463)

54 WATERWHEEL Court, St. Johns, FL 32259

$585,000

Virtual Tour

https://app.eastcoastvtours.com/sites/dobnpbz/unbranded

Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 3,230 Lot Size (sq. ft.): 14,810 Status: Closed

Current Price: $585,000 List Date: 5/14/2024 Last Modified: 1/15/2026

Overview

Description

Nearly New Semi-Custom Home in Mill Creek Forest Meadows. Home still under Builder New Home Warranty. Ideally located in St. Johns just off Greenbriar Road. Built in 2022 and occupies possibly the best lot in the neighborhood on a cul-de-sac with extensive water frontage and a panoramic water view. 4 Bedrooms, 3 full baths, 1st floor office/study with French Doors and a large 2nd floor bonus room. Covered Front and Rear Porches. Many upgrades and features including Appliances, Flooring, Gourmet Kitchen, High Speed Data Network, Alarm System and Irrigation System. The large water-front lot has plenty of room for a pool, extended porch and screened lanai. The rear porch is ready for a summer kitchen and is wired and plumbed for power, water and gas. Garage is plumbed for a Water Treatment unit. Brand new Amenity Center includes clubhouse, pool, fitness center, tennis and pickleball courts, playground and covered lanai's.

Listing Details MLS# 2025463

General Property Information

Bedrooms Total: 4
Bathrooms Full: 3
Bathrooms Total: 3
Living Area: 2484
Living Area Source: Public Records
Building Area Total: 3230
Year Built: 2022
Accessory Dwelling Unit Y/N: No
Lot Size Acres: 0.34
Lot Size Dimensions: 192 x 130 x 62 x 130
Association YN: Yes
Association Fee: 440
Association Fee Frequency: Quarterly
Association Name: Mill Creek Forest HOA
Association Phone: 904-367-8532
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
Water Frontage Feet: 192
Furnished: Unfurnished
Stories: 2
Entry Level: Yes
Senior Community YN: No
Directions: 9B (or I-95) South from Jacksonville to Highway 210 West. Follow 210 West until 210 becomes Greenbrier Road. Then 1 more mile to Mill Creek Forest Meadows on Right. Enter and follow Bridgeton Street to Waterwheel Court. Right to #54 at end of cul-de-sac.
Public Remarks: Nearly New Semi-Custom Home in Mill Creek Forest Meadows. Home still under Builder New Home Warranty. Ideally located in St. Johns just off Greenbriar Road. Built in 2022 and occupies possibly the best lot in the neighborhood on a cul-de-sac with extensive water frontage and a panoramic water view. 4 Bedrooms, 3 full baths, 1st floor office/study with French Doors and a large 2nd floor bonus room. Covered Front and Rear Porches. Many upgrades and features including Appliances, Flooring, Gourmet Kitchen, High Speed Data Network, Alarm System and Irrigation System. The large water-front lot has plenty of room for a pool, extended porch and screened lanai. The rear porch is ready for a summer kitchen and is wired and plumbed for power, water and gas. Garage is plumbed for a Water Treatment unit. Brand new Amenity Center includes clubhouse, pool, fitness center, tennis and pickleball courts, playground and covered lanai's.
List Price/SqFt: 244.57
Sold Price/SqFt: 235.51

Property Features

Architectural Style: Contemporary Levels: Two Rental Restrictions: 1 Year Appliances: Convection Oven; Dishwasher; Disposal; Dryer; Electric Oven; Gas Cooktop; Gas Water Heater; Ice Maker; Microwave; Refrigerator; Tankless Water Heater; Washer Interior Features: Breakfast Nook; Ceiling Fan(s); Eat-in Kitchen; Entrance Foyer; In-Law Floorplan; Kitchen Island; Pantry; Primary Bathroom - Shower No Tub; Smart Home; Smart Thermostat; Split Bedrooms; Walk-In Closet(s) Flooring: Carpet; Tile; Vinyl Laundry Features: Gas Dryer Hookup; Sink; Upper Level; Washer Hookup Utilities: Cable Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Cooling: Central Air Heating: Central; Electric; Heat Pump Electric: 200+ Amp Service Water Source: Public Sewer: Public Sewer Smart Home Features: Carbon Monoxide Detector; Dishwasher; Irrigation; Locks; Programmable Thermostat; Refrigerator; Security; Smoke Detector Green Building Verification Type: ENERGY STAR Certified Homes Green Energy Efficient: Appliances; Construction; HVAC; Insulation; Lighting; Thermostat; Water Heater; Windows Green Water Conservation: Water-Smart Landscaping Security Features: Carbon Monoxide Detector(s); Security System Owned; Smoke Detector(s) Construction Materials: Fiber Cement; Frame Patio And Porch Features: Covered; Front Porch; Rear Porch Roof: Shingle Parking Features: Additional Parking; Garage; Off Street Lot Features: Cul-De-Sac View: Pond Waterfront Features: Pond Current Use: Residential Association Amenities: Clubhouse; Community Pool; Fitness Center Association Fee Includes: Security; Trash Road Frontage Type: Private Road Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan Showing Requirements: Other