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.

708 SPINNAKERS REACH Drive 708, Ponte Vedra Beach, FL 32082 (MLS# 1164090)

708 SPINNAKERS REACH Drive 708, Ponte Vedra Beach, FL 32082

$1,262,000

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

Current Price: $1,262,000 List Date: 6/15/2022 Last Modified: 10/04/2026

Overview

Description

Gated villa in much sought after Sawgrass C.C.with breathtaking ocean views and private beach access. The sound off the Atlantic Ocean welcomes you to resort living at it's best. Walk the beach, watch the sunrise over the ocean.Plan a day of paddle boarding, ocean kayaking, or just dipping your toes in the sand.It's all here for you to enjoy.Numerous top ranked golf courses are nearby. Move in ready condo with open and updated kitchen, wood flooring, vaulted ceiling, built in bookshelves, electric fireplace and two terrace balconies with pool and ocean views. Recent ac handler and tankless water heater. Villa includes two convenient covered ground level garage spaces. LIVE the life you've dreamed of at fabulous Spinnakers Reach in Sawgrass Country Club

Listing Details MLS# 1164090

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: 2498
Association Name: Spinnaker HOA
Association Phone: 904-273-9832
CDD Fee YN: No
New Construction YN: No
Garage Spaces: 2
Water Body Access YN: No
Waterfront YN: Yes
Furnished: Furnished
Stories: 2
Stories Total: 2
Entry Level: 2
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. Unit 708, second stairwell.
Public Remarks: Gated villa in much sought after Sawgrass C.C.with breathtaking ocean views and private beach access. The sound off the Atlantic Ocean welcomes you to resort living at it's best. Walk the beach, watch the sunrise over the ocean.Plan a day of paddle boarding, ocean kayaking, or just dipping your toes in the sand.It's all here for you to enjoy.Numerous top ranked golf courses are nearby. Move in ready condo with open and updated kitchen, wood flooring, vaulted ceiling, built in bookshelves, electric fireplace and two terrace balconies with pool and ocean views. Recent ac handler and tankless water heater. Villa includes two convenient covered ground level garage spaces. LIVE the life you've dreamed of at fabulous Spinnakers Reach in Sawgrass Country Club
List Price/SqFt: 724.22
Sold Price/SqFt: 707.4

Property Features

Approx Parcel Size: Condo-NA Appliances: Dishwasher; Disposal; Dryer; Electric Cooktop; Electric Range; Electric Water Heater; Ice Maker; Microwave; Refrigerator; Tankless Water Heater; Washer Fireplace Features: Electric Interior Features: Built-in Features; Entrance Foyer; Pantry; Primary Bathroom - Shower No Tub; Split Bedrooms; Vaulted Ceiling(s); Walk-In Closet(s) Flooring: Carpet; Tile; Wood Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Cable Connected Cooling: Central Air; Electric Heating: Central; Electric; Heat Pump Water Source: Public Sewer: Public Sewer Green Energy Efficient: Windows Security Features: 24 Hour Security; Smoke Detector(s) Construction Materials: Concrete; Stucco Exterior Features: Balcony Pool Features: Electric Heat; Other Roof: Metal Parking Features: Additional Parking; Assigned; Community Structure; Covered; Guest; On Street; Underground Lot Features: Sprinklers In Front; Sprinklers In Rear View: Ocean Waterfront Features: Ocean Front Fencing: Vinyl Current Use: Multi-Family Association Amenities: Beach Access; Clubhouse; Community Pool; Fitness Center; Golf Course; Laundry; Maintenance Grounds; Management - Full Time; Management - Off Site; Playground; Security; Tennis Court(s); Trash Association Fee Includes: Insurance; Maintenance Grounds; Pest Control; Security Road Surface Type: Asphalt Possession: Negotiable; Other Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Condominium
Property Attached YN: No
Listing Contract Date: 2022-04-18

Location Tax and Legal

Street Number: 708
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: 2023-11-17T11:02:39Z
Major Change Type: Price Reduced
Price Change Timestamp: 2022-05-20T14:19:18Z
Purchase Contract Date: 2022-06-24
Close Date: 2022-08-01
Close Price: 1262000

Fireplace Features

Fireplaces Total: Yes

More Information

DPR Eligible

DPR Eligible: No

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, Interior Amenities-Bay/Bow Window(s): Y, Kitchen-Solid Surface Countertops: Y, Fireplace-Living Room: Y, Golf Course Comm: Y, Suburban Lot Location: Y
Public Historical Remarks 2: Condo Restrictions-Pet Restrictions: Y, Common Club Amenities-Club Facilities: Y, Covenants/Restrictions: Y, Energy Features-Ceiling Fan(s): 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, Interior Amenities-Picture Window(s): Y, Fireplace Mantle: Y, Fenced Partial: Y
Public Historical Remarks 3: Intermediate School: Other