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.

7163 RAMOTH Drive, Jacksonville, FL 32226 (MLS# 1055794)

7163 RAMOTH Drive, Jacksonville, FL 32226

$160,000

Virtual Tour

https://player.vimeo.com/video/380338545

Property Type: Land Lot Size (sq. ft.): 28,750 Status: Closed

Current Price: $160,000 List Date: 5/29/2020 Last Modified: 10/27/2026

Overview

Description

***MOTIVATED SELLER*** Build your dream home with endless water views in the gated community of White Shell Bay on Little Marsh Island. Minimum build square footage is 1800 sq ft of live-able space. A dock is permissible but will be tidal only.

Listing Details MLS# 1055794

General Property Information

Lot Size Acres: 0.66
Lot Size Dimensions: 112X100
CDD Fee YN: No
Association YN: Yes
Association Fee: 300
Association Fee Frequency: Semi-Annually
Water Body Access YN: No
Waterfront YN: Yes
Directions: From A1A: S end of Amelia Island: S on Heckscher, left onto Milton, Left on Ramoth, lot on left after gate From 295, Go N on Heckscher Dr; Turn right on Milton, then Left on Ramoth. Enter gated comm.
Public Remarks: ***MOTIVATED SELLER*** Build your dream home with endless water views in the gated community of White Shell Bay on Little Marsh Island. Minimum build square footage is 1800 sq ft of live-able space. A dock is permissible but will be tidal only.
List Price/Acre: 257575.76
Sold Price/Acre: 242424.24

Property Features

Current Use: Single Family Lot Features: Cleared; Other Sewer: Septic Tank Utilities: Cable Available Water Source: Public View: Water Waterfront Features: Navigable Water; Ocean Front Road Surface Type: Asphalt Association Amenities: Boat Launch Listing Terms: Cash; Conventional; VA Loan Possession: Negotiable

Contract Information

Property Sub Type: Unimproved Land
Listing Contract Date: 2019-12-20

Location Tax and Legal

Street Number: 7163
Street Name: RAMOTH
Street Suffix: Drive
County: Duval
State: FL
Postal Code: 32226
MLS Area Major: 096-Ft George/Blount Island/Cedar Point
Subdivision Name: White Shell Bay

Status Change Information

Major Change Timestamp: 2020-10-21T21:18:22Z
Major Change Type: Status Change
Purchase Contract Date: 2020-08-28
Close Date: 2020-10-21
Close Price: 160000

Historical Information

Public Historical Remarks 1: Lot Location-Subdivision: Y, Dev Stat/Restrict-Convenants/Restrictn: Y
Public Historical Remarks 2: Waterfront Descrpt-Tidal: Y

More Information

Documents

White Shell Bay Covenants ›

Survey ›

Geotechnical Exploration ›

Listing Office: SUMMER HOUSE REALTY

Last Updated: October - 27 - 2026

Information deemed reliable but not guaranteed.

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Zelda Greenberg is a real estate agent affiliated with Legacy Realty Group North Florida, Inc., a licensed real estate brokerage that abides by equal housing opportunity laws. This is not intended to solicit property already listed. All material presented is intended for informational purposes only. Information is compiled from sources that are deemed reliable but subject to price changes, condition, sale, withdrawal, and errors & omissions.