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.

604 TIMBER POND Drive, Ponte Vedra Beach, FL 32082 (MLS# 1255724)

604 TIMBER POND Drive, Ponte Vedra Beach, FL 32082

$1,000,000

Property Type: Residential Bedrooms: 5 Baths: 4 Square Footage: 3,212 Status: Closed

Current Price: $1,000,000 List Date: 11/02/2023 Last Modified: 2/28/2025

Overview

Description

Beautiful home located on a water to preserve lot just just minutes to top rated schools, Palm Valley boat ramp and restaurants. The backyard paver patio and summer kitchen is great for entertaining and backs up to wooded conservation area which allows privacy as well as a beautiful water view. Enjoy your evenings gathered around the fire pit w family. Home offers 5 bedrooms 3 1/2 baths. Updated kitchen, eat in area & family room overlook backyard. Upstairs is huge owner's suite with additional setting area which can be used for office or just relaxing. Glamour bath has separate shower, soaking tub and two custom walk in closets. Additional bedrooms (one with private bath) upstairs. This home is an entertainers delight. Oversized lot offers lots of privacy. Roof replaced 2/2019.

Listing Details MLS# 1255724

General Property Information

Bedrooms Total: 5
Bathrooms Full: 3
Bathrooms Half: Yes
Bathrooms Total: 4
Living Area: 3212
Living Area Source: Public Records
Year Built: 2000
Association YN: Yes
Association Fee: 717.34
Association Fee Frequency: Semi-Annually
Association Name: Marsh Landing
Association Phone: 904-273-3033
CDD Fee YN: No
New Construction YN: No
Garage Spaces: 2
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: Yes
Stories: 2
Directions: From Old County Rd 210 just before the Palm Valley Bridge, at the stop sign take a left onto South Mill View Way. Next, take a right onto Timber Pond Dr. Second house on the right. No sign in yard
Public Remarks: Beautiful home located on a water to preserve lot just just minutes to top rated schools, Palm Valley boat ramp and restaurants. The backyard paver patio and summer kitchen is great for entertaining and backs up to wooded conservation area which allows privacy as well as a beautiful water view. Enjoy your evenings gathered around the fire pit w family. Home offers 5 bedrooms 3 1/2 baths. Updated kitchen, eat in area & family room overlook backyard. Upstairs is huge owner's suite with additional setting area which can be used for office or just relaxing. Glamour bath has separate shower, soaking tub and two custom walk in closets. Additional bedrooms (one with private bath) upstairs. This home is an entertainers delight. Oversized lot offers lots of privacy. Roof replaced 2/2019.
List Price/SqFt: 311.33
Sold Price/SqFt: 311.33

Property Features

Approx Parcel Size: .51 to 1 Acre Architectural Style: Traditional Appliances: Dishwasher; Disposal; Electric Range; Electric Water Heater; Microwave; Refrigerator Fireplace Features: Gas Interior Features: Breakfast Bar; Eat-in Kitchen; Entrance Foyer; Kitchen Island; Primary Bathroom -Tub with Separate Shower; Split Bedrooms; Walk-In Closet(s) Flooring: Carpet; Tile Laundry Features: Electric Dryer Hookup; Washer Hookup Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Green Energy Efficient: Windows Security Features: Security System Owned; Smoke Detector(s) Construction Materials: Frame; Stucco Other Structures: Outdoor Kitchen Patio And Porch Features: Covered; Front Porch; Patio; Porch Pool Features: None Roof: Shingle Parking Features: Attached; Garage Lot Features: Cul-De-Sac; Sprinklers In Front; Sprinklers In Rear View: Water Waterfront Features: Pond Fencing: Back Yard Current Use: Residential; Single Family Association Amenities: Children's Pool; Clubhouse; Community Pool; Playground Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2023-11-02

Location Tax and Legal

Street Number: 604
Street Name: TIMBER POND
Street Suffix: Drive
County: St. Johns
State: FL
Postal Code: 32082
MLS Area Major: 262-Ponte Vedra Beach-W Of A1A-S Of Solana Rd
Subdivision Name: Sawmill Lakes

Status Change Information

Major Change Timestamp: 2023-12-11T13:03:22Z
Major Change Type: Status Change
Purchase Contract Date: 2023-11-16
Close Date: 2023-12-08
Close Price: 1000000

Fireplace Features

Fireplaces Total: Yes

More Information

DPR Eligible

DPR Eligible: No

Historical Information

Public Historical Remarks 1: Dining-Kitchen/Family Combo: Y, Football Field(s): Y, Interior Amenities-Window Treatment(s): Y, Interior Amenities-Bay/Bow Window(s): Y, Self Cleaning Oven: Y, Kitchen-Solid Surface Countertops: Y
Public Historical Remarks 2: Covenants/Restrictions: Y, Energy Features-Ceiling Fan(s): Y, Soccer Field(s): Y, Interior Amenities-Ceiling 8+ Ft.: Y, Interior Amenities-Sliding Glass Door(s): Y, Fireplace-Family Room: Y, Structure Slab: Y
Public Historical Remarks 3: Intermediate School: Other, Occupant Type: Appointment, See ShowingAssist, Call Listing Office, Occupied - Lockbox

Room Information

Room Name
Living Room
Family Room
Utility Room

Listing Office: WATSON REALTY CORP

Last Updated: February - 28 - 2025

Information deemed reliable but not guaranteed.