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.

707 SPINNAKERS REACH Drive, Ponte Vedra Beach, FL 32082 (MLS# 1168557)

707 SPINNAKERS REACH Drive, Ponte Vedra Beach, FL 32082

$1,450,000

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 1,784 Status: Closed

Current Price: $1,450,000 List Date: 5/13/2022 Last Modified: 6/11/2025

Overview

Description

Enjoy the ultimate mix of carefree condo living and a high-style ocean-view setting at this upgraded turnkey residence in Ponte Vedra Beach. Located behind the gated entrance of Sawgrass, the first floor condo is light, open and inviting with a spacious family room and balcony offering unobstructed Atlantic Ocean views. The single-level design showcases three bedrooms, two with private bathrooms and access to the outdoors. The family room and dining area flow effortlessly to a sleek and spacious chef-caliber kitchen that shines with granite countertops, fashionable wood cabinetry, a pantry and high-end stainless steel appliances. In the primary suite, an oversized walk-in shower presents a built-in seat and tile surrounds.

Supplements: Stone tile and luxurious carpeting embellish the floors, custom built-ins add versatility, an interior laundry closet maximizes convenience, and two parking spaces await in a subterranean garage. Condo has been freshly painted and has new AC unit, water heater, washer and dryer, and air purifier system. Located in the heart of Ponte Vedra Beach, t ... (Read more)

Listing Details MLS# 1168557

General Property Information

Bedrooms Total: 3
Bathrooms Full: 3
Bathrooms Total: 3
Living Area: 1784
Living Area Source: Public Records
Year Built: 1980
Association YN: Yes
Association Fee: 991.17
Association Fee Frequency: Semi-Annually
Association Fee 2: 2499
Association Fee 2 Frequency: Quarterly
Association Name: Spinnaker HOA
Association Phone: 904-273-9832
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
Stories Total: 2
Entry Level: Yes
Directions: From JTB to A1A to left at Corona Rd. to left at Sawgrass CC security gate.Take left around the circle to first building on the right.
Public Remarks: Enjoy the ultimate mix of carefree condo living and a high-style ocean-view setting at this upgraded turnkey residence in Ponte Vedra Beach. Located behind the gated entrance of Sawgrass, the first floor condo is light, open and inviting with a spacious family room and balcony offering unobstructed Atlantic Ocean views. The single-level design showcases three bedrooms, two with private bathrooms and access to the outdoors. The family room and dining area flow effortlessly to a sleek and spacious chef-caliber kitchen that shines with granite countertops, fashionable wood cabinetry, a pantry and high-end stainless steel appliances. In the primary suite, an oversized walk-in shower presents a built-in seat and tile surrounds.
List Price/SqFt: 838
Sold Price/SqFt: 812.78

Property Features

Approx Parcel Size: Condo-NA Appliances: Disposal; Dryer; Electric Range; Ice Maker; Microwave; Refrigerator; Washer Interior Features: Pantry; Primary Bathroom - Shower No Tub; Split Bedrooms; Walk-In Closet(s) Flooring: Carpet Utilities: Cable Connected Cooling: Central Air; Electric Heating: Central; Heat Pump Water Source: Public Sewer: Public Sewer Security Features: 24 Hour Security; Smoke Detector(s) Construction Materials: Concrete; Stucco Exterior Features: Balcony Roof: Metal Parking Features: Additional Parking; Guest; Underground View: Ocean Waterfront Features: Ocean Front Current Use: Multi-Family Association Amenities: Beach Access; Clubhouse; Community Pool; Fitness Center; Golf Course; Maintenance Grounds; Management - Full Time; Management - Off Site; Playground; Security; Tennis Court(s); Trash Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Condominium
Property Attached YN: No
Listing Contract Date: 2022-05-11

Location Tax and Legal

Street Number: 707
Street Name: SPINNAKERS REACH
Street Suffix: Drive
County: St. Johns
State: FL
Postal Code: 32082
MLS Area Major: 261-Ponte Vedra Bch-S Of Corona-E Of A1E/Lake Pv
Subdivision Name: Spinnakers Reach I Condo

Status Change Information

Major Change Timestamp: 2023-11-17T11:49:20Z
Major Change Type: Price Reduced
Price Change Timestamp: 2022-05-21T15:48:23Z
Purchase Contract Date: 2022-05-29
Close Date: 2022-06-01
Close Price: 1450000

DPR Eligible

DPR Eligible: No

More Information

Historical Information

Public Historical Remarks 1: Utilities-Underground: Y, Storage Room: Y, Mandatory Fees: Y, Condo Restrictions-See Condo Docs: Y, Interior Amenities-Window Treatment(s): Y, Kitchen-Solid Surface Countertops: Y, Golf Course Comm: Y
Public Historical Remarks 2: Condo Restrictions-Pet Restrictions: Y, Common Club Amenities-Club Facilities: Y, Landscape Lighting: Y, Dining-Living/Dining Combo: Y, Condo Restrictions-Governed Covenants/Restrictions: Y, Interior Amenities-Ceiling 8+ Ft.: Y, Interior Amenities-Sliding Glass Door(s): Y, Fenced Partial: Y
Public Historical Remarks 3: Intermediate School: Other

Room Information

Room Name
Utility Room

Documents

Sawgrass HOA ›

Spinnakers Reach HOA document ›

Rules and Regulations ›

Bylaws ›

Pet rules ›

Sellers Disclosure ›

Listing Office: COMPASS FLORIDA LLC

Last Updated: June - 11 - 2025

Information deemed reliable but not guaranteed.