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.

7550 FOUNDERS Way, Ponte Vedra Beach, FL 32082 (MLS# 836605)

7550 FOUNDERS Way, Ponte Vedra Beach, FL 32082

$1,175,000

Property Type: Residential Bedrooms: 5 Baths: 5 Square Footage: 4,520 Status: Closed

Current Price: $1,175,000 List Date: 7/07/2016 Last Modified: 10/15/2026

Overview

Description

Beautiful Curb Appeal! This one story home is situated on a large lot on a much desired street in the middle of Marsh Landing. Enjoy serene privacy in a wonderful outdoor space with lake views, stacked stone fireplace and plenty of shade to enjoy year round. This home boasts 4 ensuite bedrooms (could be 5) plus home theatre, gym and home office. Home theatre & gym is a flex space and could be 5th bedroom, playroom, or in-law suite. Open floor plan with hardwood floors throughout and gorgeous wood ceilings in the LR & KIT/FR. Too many upgrades to mention - a must see!

Listing Details MLS# 836605

General Property Information

Bedrooms Total: 5
Bathrooms Full: 5
Bathrooms Total: 5
Living Area: 4520
Living Area Source: Appraiser
Year Built: 1991
Homestead YN: Yes
Lot Size Dimensions: 213x164x107x177
Association YN: Yes
Association Fee: 765
Association Fee Frequency: Quarterly
CDD Fee YN: No
New Construction YN: No
Garage Spaces: 3
Water Body Access YN: No
Waterfront YN: Yes
Stories: Yes
Directions: Marsh Landing Parkway to Founders Way. House on right from south Founders Entrance.
Public Remarks: Beautiful Curb Appeal! This one story home is situated on a large lot on a much desired street in the middle of Marsh Landing. Enjoy serene privacy in a wonderful outdoor space with lake views, stacked stone fireplace and plenty of shade to enjoy year round. This home boasts 4 ensuite bedrooms (could be 5) plus home theatre, gym and home office. Home theatre & gym is a flex space and could be 5th bedroom, playroom, or in-law suite. Open floor plan with hardwood floors throughout and gorgeous wood ceilings in the LR & KIT/FR. Too many upgrades to mention - a must see!
List Price/SqFt: 286.5
Sold Price/SqFt: 259.96

Property Features

Approx Parcel Size: .51 to 1 Acre Architectural Style: Traditional Appliances: Dishwasher; Disposal; Electric Water Heater; Gas Range; Gas Water Heater; Ice Maker; Microwave; Refrigerator; Water Softener Owned; Wine Cooler Fireplace Features: Gas; Wood Burning Interior Features: Breakfast Bar; Breakfast Nook; Built-in Features; Central Vacuum; Entrance Foyer; Kitchen Island; Pantry; Primary Bathroom -Tub with Separate Shower; Split Bedrooms; Walk-In Closet(s) Flooring: Marble; Terrazzo; Wood Laundry Features: Electric Dryer Hookup; In Carport; In Garage; Washer Hookup Utilities: Cable Connected; Natural Gas Available Cooling: Central Air; Electric; Zoned Heating: Central; Heat Pump; Natural Gas; Zoned Water Source: Public Sewer: Public Sewer Green Energy Efficient: Appliances; Windows Security Features: Security System Owned; Smoke Detector(s) Construction Materials: Frame; Stucco Other Structures: Outdoor Kitchen Patio And Porch Features: Covered; Front Porch; Patio; Porch; Screened Pool Features: In Ground; Other; Pool Sweep Roof: Shingle Parking Features: Attached; Circular Driveway; Garage; Garage Door Opener Lot Features: Irregular Lot; Sprinklers In Front; Sprinklers In Rear View: Water Waterfront Features: Lagoon Fencing: Back Yard; Wrought Iron; Other Current Use: Residential; Single Family Association Amenities: Basketball Court; Clubhouse; Community Pool; Fitness Center; Golf Course; Playground; Tennis Court(s) Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2016-07-07

Location Tax and Legal

Street Number: 7550
Street Name: FOUNDERS
Street Suffix: Way
County: St. Johns
State: FL
Postal Code: 32082
MLS Area Major: 252-Ponte Vedra Beach-W Of A1A-N Of Solana Rd
Subdivision Name: Marsh Landing Cc

Status Change Information

Major Change Timestamp: 2016-09-17T13:37:14Z
Major Change Type: Status Change
Purchase Contract Date: 2016-08-05
Close Date: 2016-09-15
Close Price: 1175000

Fireplace Features

Fireplaces Total: 2

More Information

Historical Information

Public Historical Remarks 1: Utilities-Underground: Y, Dining-Kitchen/Family Combo: Y, Bath-Owner Bath W/Whirlpool: Y, Interior Amenities-Window Treatment(s): Y, Interior aMENITIES-Prewired Audio: Y, Interior Amenities-Glass Block Window(s): Y, Self Cleaning Oven: Y, Kitchen-Solid Surface Countertops: Y, Fireplace-Bedroom: Y, Fireplace-Living Room: Y, Golf Course Comm: Y
Public Historical Remarks 2: Common Club Amenities-Club Facilities: Y, Landscape Lighting: Y, Energy Features-Ceiling Fan(s): Y, Interior Amenities-Ceiling 8+ Ft.: Y, Interior Amenities-French Door(s): Y, Side Entry Garage: Y, Fireplace Mantle: Y, Structure Slab: Y
Public Historical Remarks 3: Occupant Type: Appointment, See ShowingAssist, Occupied, Advance Notice

Room Information

Room Name
Living Room
Great Room
Office
Media Room
Utility Room
Other
Other
Other
Other
Other

Listing Office: BECKWITH & CO LLC

Last Updated: October - 15 - 2026

Information deemed reliable but not guaranteed.