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.

700 TRANQUILITY Cove, Ponte Vedra, FL 32081 (MLS# 2031330)

700 TRANQUILITY Cove, Ponte Vedra, FL 32081

$1,355,000

Virtual Tour

https://boldcityvirtualtours.hd.pics/700-Tranquility-Cove/idx

Shanon Bond - 700 Tranquility Cove Featu

Property Type: Residential Bedrooms: 5 Baths: 6 Square Footage: 5,209 Lot Size (sq. ft.): 15,682 Status: Closed

Current Price: $1,355,000 List Date: 6/13/2024 Last Modified: 3/06/2025

Overview

Description

This custom built, saltwater pool/spa home is located in beautiful Marsh Harbor, a gated community along the Intracoastal Waterway. With over 4,000 square feet of living space this home is designed for entertaining and functionality! New owners will appreciate a 2023 roof, new flooring, interior & exterior paint, and full primary bath remodel with stylish free-standing tub straight out of a luxury magazine. The first level opens to a dining/front room, with soaring 20+ft ceilings & private bar/lounge room, great for entertaining guests or unwinding. Moving along you'll be impressed by the heart of this residence! An expansive gourmet kitchen offers eat-in & bar top dining options. The first floor also includes a convenient bedroom complete with a full bath, offering flexibility and convenience for guests or multigenerational living. Past the triple sliding doors from the living room, serenity awaits with a heated saltwater pool & spa, for relaxing or enjoying fun in the sun.

Supplements: A screened cage covering the oversized patio & pool, overlooks a lush preserve, providing a tranquil backdrop for outdoor gatherings. Upstairs, you'll find 4 bedrooms & 4 en-suite bathrooms designed to provide ample space and privacy for the whole family. The spacious primary bedroom leads to the newly renovated ensuite where luxury awaits. A lar ... (Read more)

Listing Details MLS# 2031330

General Property Information

Bedrooms Total: 5
Bathrooms Full: 5
Bathrooms Half: Yes
Bathrooms Total: 6
Living Area: 4173
Living Area Source: Public Records
Building Area Total: 5209
Year Built: 2004
Accessory Dwelling Unit Y/N: No
Lot Size Acres: 0.36
Association YN: Yes
Association Fee: 558.25
Association Fee Frequency: Quarterly
Association Name: Marsh Harbor at Palm Valley
Association Phone: 904-242-0666
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 3
Carport YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories: 2
Entry Level: Yes
Senior Community YN: No
Directions: From A1A take Palm Valley Road/CR210, go over Palm Valley Bridge then take immediate left on Lori Lane then a right into Marsh Harbor via Community Gate. Right on S Preserve View Left on Tranquility.
Public Remarks: This custom built, saltwater pool/spa home is located in beautiful Marsh Harbor, a gated community along the Intracoastal Waterway. With over 4,000 square feet of living space this home is designed for entertaining and functionality! New owners will appreciate a 2023 roof, new flooring, interior & exterior paint, and full primary bath remodel with stylish free-standing tub straight out of a luxury magazine. The first level opens to a dining/front room, with soaring 20+ft ceilings & private bar/lounge room, great for entertaining guests or unwinding. Moving along you'll be impressed by the heart of this residence! An expansive gourmet kitchen offers eat-in & bar top dining options. The first floor also includes a convenient bedroom complete with a full bath, offering flexibility and convenience for guests or multigenerational living. Past the triple sliding doors from the living room, serenity awaits with a heated saltwater pool & spa, for relaxing or enjoying fun in the sun.
List Price/SqFt: 333.09
Sold Price/SqFt: 324.71

Property Features

Architectural Style: Traditional Levels: Two Property Condition: Updated/Remodeled Rental Restrictions: 7 Months Appliances: Dishwasher; Disposal; Dryer; Gas Cooktop; Gas Range; Ice Maker; Microwave; Refrigerator; Washer; Water Softener Owned Fireplace Features: Double Sided; Gas Interior Features: Breakfast Bar; Breakfast Nook; Built-in Features; Ceiling Fan(s); Eat-in Kitchen; Entrance Foyer; His and Hers Closets; Kitchen Island; Pantry; Primary Bathroom -Tub with Separate Shower; Walk-In Closet(s); Wet Bar Flooring: Carpet; Tile; Wood Laundry Features: Upper Level Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected; Propane Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Security Features: Security Gate; Smoke Detector(s) Construction Materials: Stucco Patio And Porch Features: Covered; Patio; Porch; Screened Pool Features: In Ground; Salt Water; Screen Enclosure Spa Features: Heated; In Ground Roof: Shingle Parking Features: Garage; Garage Door Opener Lot Features: Cul-De-Sac; Many Trees View: Pool; Trees/Woods Current Use: Residential; Single Family Association Amenities: Clubhouse; Community Pool; Gated; Maintenance Grounds; Playground; Other Road Frontage Type: Private Road Road Surface Type: Asphalt Possession: Close Of Escrow Listing Terms: Cash; Conventional; VA Loan