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.

5400 WATER OAK Lane 303, Jacksonville, FL 32210 (MLS# 2170980)

5400 WATER OAK Lane 303, Jacksonville, FL 32210

$1,900

Property Type: Residential Lease Bedrooms: 2 Baths: 3 Square Footage: 1,600 Lot Size (sq. ft.): 4,356 Status: Active

Current Price: $1,900 List Date: 10/26/2026 Last Modified: 10/26/2026

Overview

Description

Experience the beauty of waterfront living in this inviting two-story Jacksonville condo featuring scenic river views and a peaceful setting. Located only 5 minuets from NAS JAX, and the desirable Ortega area, this property offers a relaxing atmosphere while keeping you conveniently close to shopping, dining, and everyday essentials. Enjoy the opportunity to take in the surrounding water views and unwind at the end of the day. Whether you're looking for a comfortable place to call home or a quiet retreat from the everyday hustle, this condo offers a wonderful opportunity to enjoy the best of Jacksonville living. Don't miss your chance to make this waterfront property your next home!

Listing Details MLS# 2170980

General Property Information

Bedrooms Total: 2
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Unit Type: Interior Unit
Living Area: 1600
Living Area Source: Appraiser
Year Built: 1985
Lot Size Acres: 0.1
Association YN: No
Accessibility Features YN: No
Garage YN: No
Carport YN: No
Waterfront YN: Yes
Stories: 2
Stories Total: 2
Senior Community YN: No
Directions: From I-295, take the exit for US-17 North (Roosevelt Boulevard) and continue toward the Ortega area. Turn onto Longbow Road, then follow the road to Water Oak Lane. Turn onto Water Oak Lane and enter the Pirates Bay community. Follow the community roads to 5400 Water Oak Lane, Unit 303.
Public Remarks: Experience the beauty of waterfront living in this inviting two-story Jacksonville condo featuring scenic river views and a peaceful setting. Located only 5 minuets from NAS JAX, and the desirable Ortega area, this property offers a relaxing atmosphere while keeping you conveniently close to shopping, dining, and everyday essentials. Enjoy the opportunity to take in the surrounding water views and unwind at the end of the day. Whether you're looking for a comfortable place to call home or a quiet retreat from the everyday hustle, this condo offers a wonderful opportunity to enjoy the best of Jacksonville living. Don't miss your chance to make this waterfront property your next home!
List Price/SqFt: 1.19

Property Features

Additional Lease Terms: 12 Months Owner Pays: Taxes Appliances: Dishwasher; Electric Oven; Microwave; Refrigerator Association Amenities: Water Water Source: Public Parking Features: Assigned Utilities: Electricity Available Cooling: Central Air Heating: Central Additional Fee Includes: Lease Prep Rent Includes: None Tenant Pays: All Utilities Pets Allowed: Yes; Size Limit

Contract Information

Rental Service: Other
Rental Application URL: https://www.compasspmg.com/vacancies
RentEdge Syndication Y/N: Yes
Property Sub Type: Condominium
Property Attached YN: Yes
Listing Contract Date: 2026-10-26
Lease Term: 12 Months

Location Tax and Legal

Street Number: 5400
Street Name: WATER OAK
Street Suffix: Lane
State: FL
County: Duval
Postal Code: 32210
MLS Area Major: 033-Ortega/Venetia
Subdivision Name: Pirates Bay

Status Change Information

Major Change Timestamp: 2026-10-26T22:15:47Z
Major Change Type: New Listing

Deposits and Fees

Additional Fee: 175
Application Fee: 75
Pet Fee/Deposit: 200
Security Deposit: 2000

More Information

Pets Allowed

Maximum Weight Allowed: 25

Listing Office: COMPASS PROPERTY MANAGEMENT GROUP LLC

Last Updated: October - 26 - 2026

Information deemed reliable but not guaranteed.

Search powered by FBS Products

Let’s Connect

Contact Detail

Newsletter

Subscribe to Zelda’s Market Updates & Newsletter

By submitting this form, you are consenting to receive marketing emails from: Go Zelda. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

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.

Compare listings

Compare