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.

5888 LAGOON CRUISE Way, Jacksonville, FL 32234 (MLS# 2167544)

5888 LAGOON CRUISE Way, Jacksonville, FL 32234

$374,990

Property Type: Residential Bedrooms: 5 Baths: 3 Square Footage: 2,750 Status: Closed

Current Price: $374,990 List Date: 10/02/2026 Last Modified: 11/02/2026

Overview

Description

***MOVE IN READY - BRAND NEW HOME*** Diamond Springs is a gated master planned community of new SFH offering lagoon living in Jax, FL. Welcome to this thoughtfully designed HONOR floor plan by Lennar! This home features versatile living spaces and an inviting open-concept layout. Just off the foyer, a flexible room offers the perfect space for a home office, studio, playroom, or creative retreat. The spacious kitchen, dining, and living areas flow seamlessly together, creating an ideal setting for everyday living and entertaining, with direct access to the patio for easy outdoor living. Tucked privately at the rear of the home, the owner's suite provides a peaceful retreat complete with a full bath and walk-in closet. Upstairs, a versatile loft adds even more living space for a media area, game room, or additional gathering space. Four secondary bedrooms share a full bathroom with convenient double sinks, providing plenty of room for family and guest. (Conditions may apply)

Listing Details MLS# 2167544

General Property Information

Bedrooms Total: 5
Bathrooms Full: 3
Bathrooms Total: 3
Living Area: 2750
Living Area Source: Builder
Year Built: 2026
Accessory Dwelling Unit Y/N: No
Homestead YN: Yes
Association YN: Yes
Association Fee: 150
Association Fee Frequency: Monthly
CDD Fee YN: Yes
CDD Fee Amount: 3007.18
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
Stories: 2
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 - BRAND NEW HOME*** Diamond Springs is a gated master planned community of new SFH offering lagoon living in Jax, FL. Welcome to this thoughtfully designed HONOR floor plan by Lennar! This home features versatile living spaces and an inviting open-concept layout. Just off the foyer, a flexible room offers the perfect space for a home office, studio, playroom, or creative retreat. The spacious kitchen, dining, and living areas flow seamlessly together, creating an ideal setting for everyday living and entertaining, with direct access to the patio for easy outdoor living. Tucked privately at the rear of the home, the owner's suite provides a peaceful retreat complete with a full bath and walk-in closet. Upstairs, a versatile loft adds even more living space for a media area, game room, or additional gathering space. Four secondary bedrooms share a full bathroom with convenient double sinks, providing plenty of room for family and guest. (Conditions may apply)
List Price/SqFt: 136.36
Sold Price/SqFt: 136.36

Property Features

Architectural Style: Ranch; Traditional Levels: 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 Room Types: Bathroom 1; Bathroom 2; Bathroom 3; Bathroom 5; Bedroom 2; Bedroom 3; Bedroom 4; Family Room; Kitchen; Laundry; Primary Bedroom

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2026-10-02

Location Tax and Legal

Street Number: 5888
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: 2026-11-02T15:43:17Z
Major Change Type: Status Change
Purchase Contract Date: 2026-10-08
Close Date: 2026-10-29
Close Price: 374990

DPR Eligible

DPR Eligible: No

More Information

Room Information

Room Name
Primary Bedroom
Bedroom 2
Bedroom 3
Bedroom 4
Bathroom 5
Bathroom 1
Bathroom 2
Bathroom 3
Family Room
Kitchen
Laundry

Listing Office: LENNAR REALTY INC

Last Updated: November - 02 - 2026

Information deemed reliable but not guaranteed.