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.

86 ELK GROVE Lane, St. Johns, FL 32259 (MLS# 1251583)

86 ELK GROVE Lane, St. Johns, FL 32259

$529,100

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 2,296 Status: Closed

Current Price: $529,100 List Date: 10/06/2023 Last Modified: 4/17/2026

Overview

Description

ASSUMABLE 2.75% FHA Loan! Incredible River Town Home w PRESERVE Views! Shows Like a MODEL w Stunning Architectural Features Throughout! Open Concept Floor Plan w TONS of Natural Light! Gorgeous Kitchen w White Quartz Countertops, Large Island/Breakfast Bar & Upgraded Backsplash & Lighting! Barn Door Leads to Private Office/Flex Room! Attractive Wood Tread Stairs Lead to HUGE Family Room! Relaxing Owner's Bedroom w Tray Ceilings! Luxurious En Suite Features DBL Vanity, Garden Tub & Walk-in Shower! Spacious Secondary BRs w Plenty of Storage! Wait 'Til You See the Incredible Screened Lanai & Paver Patio! Relax & Enjoy Serene Preserve Views & Unbeatable Florida Weather in your Own Private Oasis! Don't Miss the World-Class Amenities! NEW Neighborhood K-8 Slated for 2024-25 School Year!

Listing Details MLS# 1251583

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 2296
Living Area Source: Public Records
Year Built: 2017
Lot Size Dimensions: 45x130
Association YN: Yes
Association Fee: 55
Association Fee Frequency: Annually
CDD Fee YN: Yes
CDD Fee Amount: 2237.37
New Construction YN: No
Garage Spaces: 2
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: 2
Directions: From I-295S, take FL-9B S.Exit onto St Johns Pkwy, merge onto Cnty Rd 210W.Continue on Greenbriar Rd, left on Longleaf Pine Pkwy.Right on Rivertown Main St, Right on Elk Grove Ln.Home is on the right
Public Remarks: ASSUMABLE 2.75% FHA Loan! Incredible River Town Home w PRESERVE Views! Shows Like a MODEL w Stunning Architectural Features Throughout! Open Concept Floor Plan w TONS of Natural Light! Gorgeous Kitchen w White Quartz Countertops, Large Island/Breakfast Bar & Upgraded Backsplash & Lighting! Barn Door Leads to Private Office/Flex Room! Attractive Wood Tread Stairs Lead to HUGE Family Room! Relaxing Owner's Bedroom w Tray Ceilings! Luxurious En Suite Features DBL Vanity, Garden Tub & Walk-in Shower! Spacious Secondary BRs w Plenty of Storage! Wait 'Til You See the Incredible Screened Lanai & Paver Patio! Relax & Enjoy Serene Preserve Views & Unbeatable Florida Weather in your Own Private Oasis! Don't Miss the World-Class Amenities! NEW Neighborhood K-8 Slated for 2024-25 School Year!
List Price/SqFt: 233.01
Sold Price/SqFt: 230.44

Property Features

Approx Parcel Size: Less than .25 Acre Architectural Style: Traditional Appliances: Dishwasher; Disposal; Dryer; Gas Range; Gas Water Heater; Microwave; Refrigerator; Tankless Water Heater; Washer Fireplace Features: Electric Interior Features: Breakfast Bar; Built-in Features; Entrance Foyer; Kitchen Island; Primary Bathroom -Tub with Separate Shower; Split Bedrooms; Walk-In Closet(s) Flooring: Carpet; Tile; Vinyl Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Natural Gas Available Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Green Energy Efficient: Windows Security Features: Security System Owned; Smoke Detector(s) Construction Materials: Fiber Cement; Frame Patio And Porch Features: Front Porch; Patio; Porch; Screened Pool Features: None Roof: Shingle Parking Features: Attached; Garage View: Protected Preserve Fencing: Vinyl; Other Current Use: Single Family Association Amenities: Basketball Court; Clubhouse; Community Pool; Fitness Center; Jogging Path; Playground; Tennis Court(s) Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Assumable; Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2023-10-06

Location Tax and Legal

Street Number: 86
Street Name: ELK GROVE
Street Suffix: Lane
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 302-Orangedale Area
Subdivision Name: Rivertown

Status Change Information

Major Change Timestamp: 2023-11-27T22:05:34Z
Major Change Type: Status Change
Purchase Contract Date: 2023-10-10
Close Date: 2023-11-27
Close Price: 529100

Fireplace Features

Fireplaces Total: Yes

More Information

DPR Eligible

DPR Eligible: No

Historical Information

Public Historical Remarks 1: Dining-Kitchen/Family Combo: Y, Self Cleaning Oven: Y, Kitchen-Solid Surface Countertops: Y, Fireplace-Living Room: Y
Public Historical Remarks 2: Smart Home Features: Ring Door Bell, Common Club Amenities-Club Facilities: Y, Energy Features-Ceiling Fan(s): Y, Dining-Living/Dining Combo: Y, Soccer Field(s): Y, Bath-Garden Bath: Y, Interior Amenities-Ceiling 8+ Ft.: Y, Interior Amenities-Sliding Glass Door(s): Y, Structure Slab: Y, Fenced Partial: Y
Public Historical Remarks 3: Intermediate School: Other, Occupant Type: Special Instructions, See ShowingAssist, See Private Remarks, Occupied - Lockbox, Occupied, Appointment

Room Information

Room Name
Great Room
Office
Loft
Utility Room

Documents

HOA ›

CDD ›

Listing Office: EXP REALTY LLC

Last Updated: April - 17 - 2026

Information deemed reliable but not guaranteed.