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.

5648 LAGOON CRUISE Way, Jacksonville, FL 32234 (MLS# 2165890)

5648 LAGOON CRUISE Way, Jacksonville, FL 32234

$294,990

Property Type: Residential Bedrooms: 4 Baths: 2 Square Footage: 1,626 Status: Active

Current Price: $294,990 List Date: 9/22/2026 Last Modified: 11/04/2026

Overview

Description

MOVE IN READY!! The Drexel floor plan by Lennar Homes combines modern design with comfortable living in 4 bedrooms, 2 bathrooms and 1626 sqft. The open layout creates a welcoming flow while the heart of the home boasts quartz countertops, stainless steel appliances, 36'' recess panel cabinets and a large island, perfect for entertaining. Luxury Vinyl plank flooring adds warmth and style throughout the main areas of the home. Includes a one-year builder warranty, dedicated customer service program, and 24-hour emergency service. Residents of Diamond Springs enjoy resort-style amenities centered around a three-acre Metro Lagoon, featuring water activities, a floating obstacle course, swim-up bar and family splash pad. Additional community amenities include a swimming pool, playground, dog park, park, multi-use trails, picnic areas and planned sports fields and courts, all within a gated master-planned community. (Conditions may apply)

Open Houses

Tomorrow, 3:00 pm - 6:00 pm
Friday, November 6, 3:00 pm - 6:00 pm
Saturday, November 7, 11:00 am - 2:00 pm
Sunday, November 8, 12:00 pm - 3:00 pm

Listing Details MLS# 2165890

General Property Information

Bedrooms Total: 4
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1626
Living Area Source: Builder
Year Built: 2026
Accessory Dwelling Unit Y/N: No
Homestead YN: Yes
Association YN: Yes
Association Fee: 100
Association Fee Frequency: Monthly
CDD Fee YN: Yes
CDD Fee Amount: 2343.78
Accessibility Features YN: No
New Construction YN: Yes
Estimated Completion Date: 2026-10-29
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Pool Private YN: No
Water Body Access YN: Yes
Waterfront YN: No
Furnished: Unfurnished
Stories: Yes
Senior Community YN: No
Directions: From 32256: Take I-295 N toward I-10. Take I-10 W toward Lake City and continue to Exit 351 for FL-228/Normandy Blvd. Turn right onto Normandy Blvd and continue west. Turn onto Winding Mare Blvd, then
Public Remarks: MOVE IN READY!! The Drexel floor plan by Lennar Homes combines modern design with comfortable living in 4 bedrooms, 2 bathrooms and 1626 sqft. The open layout creates a welcoming flow while the heart of the home boasts quartz countertops, stainless steel appliances, 36'' recess panel cabinets and a large island, perfect for entertaining. Luxury Vinyl plank flooring adds warmth and style throughout the main areas of the home. Includes a one-year builder warranty, dedicated customer service program, and 24-hour emergency service. Residents of Diamond Springs enjoy resort-style amenities centered around a three-acre Metro Lagoon, featuring water activities, a floating obstacle course, swim-up bar and family splash pad. Additional community amenities include a swimming pool, playground, dog park, park, multi-use trails, picnic areas and planned sports fields and courts, all within a gated master-planned community. (Conditions may apply)
List Price/SqFt: 181.42

Property Features

Architectural Style: Ranch; Traditional Levels: One; Two Property Condition: Under Construction Appliances: Dishwasher; Disposal; Electric Cooktop; Electric Oven; Electric Range; Electric Water Heater; Ice Maker; Microwave; Refrigerator Interior Features: Breakfast Bar; Breakfast Nook; Pantry; Primary Downstairs; Smart Thermostat; Split Bedrooms; Walk-In Closet(s) Flooring: Carpet; Tile Laundry Features: Washer Hookup Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air; Electric Heating: Central; Electric; Heat Pump Water Source: Public Sewer: Public Sewer Smart Home Features: Programmable Thermostat Green Energy Efficient: Windows Security Features: Smoke Detector(s) Construction Materials: Fiber Cement; Frame Patio And Porch Features: Front Porch; Patio Roof: Shingle Parking Features: Attached; Garage; Garage Door Opener Lot Features: Sprinklers In Front; Sprinklers In Rear View: Protected Preserve Current Use: Residential; Single Family Association Amenities: Community Pool; Dog Park; Jogging Path; Park; Playground Association Fee Includes: Cable TV Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2026-09-22

Location Tax and Legal

Street Number: 5648
Street Name: LAGOON CRUISE
Street Suffix: Way
County: Duval
State: FL
Postal Code: 32234
MLS Area Major: 066-Cecil Commerce Area
Subdivision Name: Diamond Springs

Status Change Information

Major Change Timestamp: 2026-10-20T13:37:03Z
Major Change Type: Price Change
Price Change Timestamp: 2026-10-20T13:37:03Z

DPR Eligible

DPR Eligible: Yes

More Information

Listing Office: LENNAR REALTY INC

Last Updated: November - 04 - 2026

Information deemed reliable but not guaranteed.