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.

598 MARQUESA Circle, St. Johns, FL 32259 (MLS# 2136780)

598 MARQUESA Circle, St. Johns, FL 32259

$722,900

Property Type: Residential Bedrooms: 4 Baths: 4 Square Footage: 2,935 Lot Size (sq. ft.): 8,712 Status: Active

Current Price: $722,900 List Date: 10/01/2026 Last Modified: 11/06/2026

Overview

Description

NEW PRICE + NEW BUYER INCENTIVE! SELLER TO PAY OFF APPROX. $30,000 IN CDD BONDS AT CLOSING - SAVING BUYERS APPROX. $299/MONTH! For buyers considering relocating to Florida, there is also an important date to keep in mind: December 31, 2026. Florida's recently approved Amendment 3 introduces changes to the homestead exemption, making Florida residency and homestead eligibility important considerations for buyers planning a move. Exceptional value in Beachwalk! This beautifully upgraded, single-story Taylor Morrison home offers over $113,000 in post-purchase improvements, a premium corner homesite with expansive lake and protected preserve views, a 3-car garage, and PGT hurricane-impact windows throughout. Adding even more value, the seller is now offering to pay off the approximately $30,000 CDD bond balance at closing, potentially saving the new owner approximately $299 per month!

Supplements: Situated on a desirable corner lot, the home offers added privacy with no neighboring home on one side, a landscaped berm, and beautiful water and preserve views. Enjoy morning sunrises from the enclosed sunroom and extended patio, and gorgeous sunset skies from the oversized front porch. With approximately 2,935 square feet, the thoughtfully desig ... (Read more)

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Listing Details MLS# 2136780

General Property Information

Bedrooms Total: 4
Bathrooms Full: 3
Bathrooms Half: Yes
Bathrooms Total: 4
Living Area: 2935
Living Area Source: Appraiser
Year Built: 2022
Accessory Dwelling Unit Y/N: No
Homestead YN: Yes
Lot Size Acres: 0.2
Association YN: Yes
Association Fee: 739.98
Association Fee Frequency: Quarterly
CDD Fee YN: Yes
CDD Fee Amount: 4233.44
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 3
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: Yes
Stories: Yes
Senior Community YN: No
Directions: Take I-95 to Exit 329 East. Turn left onto Beachwalk Boulevard. Take second exit at traffic circle to stay on Beachwalk Boulevard. Turn right on Marquesa Circle. First house on left.
Public Remarks: NEW PRICE + NEW BUYER INCENTIVE! SELLER TO PAY OFF APPROX. $30,000 IN CDD BONDS AT CLOSING - SAVING BUYERS APPROX. $299/MONTH! For buyers considering relocating to Florida, there is also an important date to keep in mind: December 31, 2026. Florida's recently approved Amendment 3 introduces changes to the homestead exemption, making Florida residency and homestead eligibility important considerations for buyers planning a move. Exceptional value in Beachwalk! This beautifully upgraded, single-story Taylor Morrison home offers over $113,000 in post-purchase improvements, a premium corner homesite with expansive lake and protected preserve views, a 3-car garage, and PGT hurricane-impact windows throughout. Adding even more value, the seller is now offering to pay off the approximately $30,000 CDD bond balance at closing, potentially saving the new owner approximately $299 per month!
List Price/SqFt: 246.3

Property Features

Levels: One Appliances: Dishwasher; Disposal; Double Oven; Dryer; Gas Cooktop; Gas Water Heater; Ice Maker; Refrigerator; Tankless Water Heater; Washer Interior Features: Ceiling Fan(s); Open Floorplan; Primary Bathroom - Shower No Tub; Primary Downstairs; Walk-In Closet(s) Flooring: Tile Utilities: Cable Available; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Smart Home Features: Bulbs; Irrigation; Lighting; Programmable Thermostat Security Features: Security Gate; Smoke Detector(s) Exterior Features: Impact Windows Patio And Porch Features: Front Porch; Patio Roof: Metal Parking Features: Attached; Garage View: Pond; Protected Preserve Waterfront Features: Pond Current Use: Residential Association Amenities: Clubhouse; Community Pool; Dog Park; Fitness Center; Pickleball; Playground; Security; Tennis Court(s) Association Fee Includes: Security Road Surface Type: Asphalt Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2026-03-26

Location Tax and Legal

Street Number: 598
Street Name: MARQUESA
Street Suffix: Circle
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 301-Julington Creek/Switzerland
Subdivision Name: The Cove

Status Change Information

Major Change Timestamp: 2026-11-06T18:38:24Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-11-06T18:38:24Z

Smart Home Features

Other: Garage Doors

More Information

DPR Eligible

DPR Eligible: Yes

Listing Office: FLORIDA HOMES REALTY & MTG LLC

Last Updated: November - 06 - 2026

Information deemed reliable but not guaranteed.