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.

744 S LOOP Parkway, St. Augustine, FL 32095 (MLS# 2155061)

744 S LOOP Parkway, St. Augustine, FL 32095

$237,500

Property Type: Land Lot Size (sq. ft.): 7,841 Status: Active

Current Price: $237,500 List Date: 7/12/2026 Last Modified: 10/21/2026

Overview

Description

Rare corner homesite in gated Palencia overlooking the 1st green. This cleared 7,840 SF lot is open on three sides for privacy and light, with room for a rear garage. Water, sewer, electric, and natural gas are available, and there's no forced build timeline. Enjoy Palencia's resort-style amenities (pools, fitness center, tennis/pickleball, parks, trails) and top-rated St. Johns County schools (Palencia Elementary, Pacetti Bay, Allen D. Nease). HOA just $125/yr (CDD applies). Owner financing available with 20% down. Bring your builder or plans and create your golf-view home.

Listing Details MLS# 2155061

General Property Information

Number Of Lots: Yes
Lot Size Acres: 0.18
Lot Size Dimensions: Irregular - 7,840 SF
CDD Fee YN: Yes
CDD Fee Amount: 3617.64
Association YN: Yes
Association Fee: 125
Association Fee Frequency: Annually
Association Name: Palencia POA
Association Phone: 904-747-0181
Water Body Access YN: No
Waterfront YN: No
Senior Community YN: No
Directions: From US Route 1 in St. Augustine, turn east into the main Palencia gated entrance (near Palencia Village Dr). After the gate, take the roundabout and turn right onto S Loop Pkwy. Continue a short distance to 744 S Loop Pkwy on the left (corner lot). Keep gate code handy.
Public Remarks: Rare corner homesite in gated Palencia overlooking the 1st green. This cleared 7,840 SF lot is open on three sides for privacy and light, with room for a rear garage. Water, sewer, electric, and natural gas are available, and there's no forced build timeline. Enjoy Palencia's resort-style amenities (pools, fitness center, tennis/pickleball, parks, trails) and top-rated St. Johns County schools (Palencia Elementary, Pacetti Bay, Allen D. Nease). HOA just $125/yr (CDD applies). Owner financing available with 20% down. Bring your builder or plans and create your golf-view home.
List Price/Acre: 1319444.44

Property Features

Current Use: Other Lot Features: Cleared; Corner Lot; On Golf Course Electric: Underground Sewer: Public Sewer Utilities: Cable Available; Electricity Available; Natural Gas Available; Sewer Available; Water Available Water Source: Public View: Golf Course Association Amenities: Children's Pool; Community Pool; Dog Park; Fitness Center; Management - On Site; Park; Pickleball; Playground; Sauna; Security; Spa/Hot Tub; Tennis Court(s); Trash; Water Community Features: Gated Listing Terms: Cash; Conventional; Owner May Carry Possession: Close Of Escrow Development Status: Finished Lot(s)

Contract Information

Property Sub Type: Unimproved Land
Listing Contract Date: 2026-07-12

Location Tax and Legal

Street Number: 744
Street Direction Prefix: S
Street Name: LOOP
Street Suffix: Parkway
County: St. Johns
State: FL
Postal Code: 32095
MLS Area Major: 312-Palencia Area
Subdivision Name: Palencia

Status Change Information

Major Change Timestamp: 2026-09-28T20:43:52Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-09-28T20:43:52Z

More Information

Documents

CDD Addendum ›

HOA Addendum ›

Listing Office: COLDWELL BANKER VANGUARD REALTY

Last Updated: October - 21 - 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.

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