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.

557 GRAND PARKE Drive, St. Johns, FL 32259 (MLS# 2087818)

557 GRAND PARKE Drive, St. Johns, FL 32259

$2,799

Property Type: Residential Lease Bedrooms: 4 Baths: 3 Square Footage: 2,099 Status: Closed

Current Price: $2,799 List Date: 6/24/2025 Last Modified: 1/19/2026

Overview

Description

This beautiful home is located in the desirable Julington Creek Plantation area. It features a formal living/flex space, a formal dining room, and a spacious living room with views of the pond in the backyard. The home offers four generously sized bedrooms and three full bathrooms, each with either a shower or a tub/shower combination. The backyard overlooks the pond and includes a covered porchâ€”perfect for grilling or relaxing in the evenings while enjoying the sunset. All Watson Property Management residents are enrolled in the Resident Benefits Package (RBP) for $39.95/month which includes renters insurance, HVAC air filter delivery (for applicable properties),credit building to help build your credit with timely rent payments, $1M Identity Protection

Listing Details MLS# 2087818

General Property Information

Bedrooms Total: 4
Bathrooms Full: 3
Bathrooms Total: 3
Living Area: 2099
Living Area Source: Public Records
Year Built: 2002
Association YN: Yes
Accessibility Features YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Water Body Access YN: No
Waterfront YN: Yes
Stories Total: Yes
Senior Community YN: No
Directions: Go South on San Jose Blvd then turn left on Race Track Rd. From there turn left on Durbin Creek Blvd then a left on Grand Parke Dr. Home will be on the left.
Public Remarks: This beautiful home is located in the desirable Julington Creek Plantation area. It features a formal living/flex space, a formal dining room, and a spacious living room with views of the pond in the backyard. The home offers four generously sized bedrooms and three full bathrooms, each with either a shower or a tub/shower combination. The backyard overlooks the pond and includes a covered porchâ€”perfect for grilling or relaxing in the evenings while enjoying the sunset. All Watson Property Management residents are enrolled in the Resident Benefits Package (RBP) for $39.95/month which includes renters insurance, HVAC air filter delivery (for applicable properties),credit building to help build your credit with timely rent payments, $1M Identity Protection
List Price/SqFt: 1.33
Sold Price/SqFt: 1.33

Property Features

Additional Lease Terms: 12 Months Architectural Style: Traditional Levels: One Appliances: Dishwasher; Electric Range; Refrigerator Interior Features: Ceiling Fan(s); Pantry; Primary Bathroom -Tub with Separate Shower; Split Bedrooms; Walk-In Closet(s) Laundry Features: Electric Dryer Hookup; Washer Hookup Patio And Porch Features: Covered; Rear Porch Water Source: Public Parking Features: Garage Sewer: Public Sewer View: Pond Waterfront Features: Pond Utilities: Cable Available; Electricity Available; Water Available Cooling: Central Air; Electric Heating: Central; Electric Road Surface Type: Asphalt Road Frontage Type: City Street Additional Fee Includes: Lease Prep Tenant Pays: All Utilities Pets Allowed: No

Contract Information

Rental Service: None
Property Sub Type: Single Family Residence
Listing Contract Date: 2025-05-15
Lease Term: 12 Months
Availability Date: 2025-05-16

Location Tax and Legal

Street Number: 557
Street Name: GRAND PARKE
Street Suffix: Drive
State: FL
County: St. Johns
Postal Code: 32259
MLS Area Major: 301-Julington Creek/Switzerland
Subdivision Name: Parkes Of Julington

Status Change Information

Major Change Timestamp: 2025-07-14T16:27:06Z
Major Change Type: Status Change
Purchase Contract Date: 2025-07-03
Close Date: 2025-07-01
Close Price: 2799

Deposits and Fees

Additional Fee: 125
Application Fee: 75
Security Deposit: 2799

More Information

Listing Office: WATSON REALTY CORP (Prop Mgmt)

Last Updated: January - 19 - 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