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 PREAKNESS Plaza, Orange Park, FL 32073 (MLS# 2117099)

86 PREAKNESS Plaza, Orange Park, FL 32073

$485,000

Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 2,225 Lot Size (sq. ft.): 24,394 Status: Closed

Current Price: $485,000 List Date: 11/09/2025 Last Modified: 12/30/2025

Overview

Description

Modern Retreat with Designer Touches & Premium Upgrades This fully rebuilt home (2014) delivers comfort, style, and smart living in one stunning package. Step outside to your private oasis featuring a heated saltwater pool, 24x40 workshop with concrete floor, and a 50 Amp RV hookup—all on a fully fenced cul-de-sac lot in a quiet, established neighborhood. Inside, no detail was spared. Enjoy custom lighting and fixtures throughout, granite countertops, a double vanity, and a massive walk-in primary shower with oversized rain heads. Every closet features built-in wood organizer systems. Relax in the deep soaker tub or fire up your chef-grade kitchen equipped with a Viking Professional Gas Range, Monogram Refrigerator and Range Hood, plus newer stainless steel microwave and dishwasher. Additional upgrades include a tankless water heater and premium finishes in every corner. This is more than a home—it's a turnkey lifestyle upgrade.

Listing Details MLS# 2117099

General Property Information

Bedrooms Total: 4
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 2225
Living Area Source: Public Records
Year Built: 2014
Accessory Dwelling Unit Y/N: No
Homestead YN: Yes
Lot Size Acres: 0.56
Association YN: Yes
Association Fee: 125
Association Fee Frequency: Annually
Association Name: Park West
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Pool Private YN: Yes
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories: Yes
Entry Level: Yes
Senior Community YN: No
Directions: From I295, Blanding Blvd to Belmont Blvd. and turn left. Left on Preakness Plaza and home is on the right.
Public Remarks: Modern Retreat with Designer Touches & Premium Upgrades This fully rebuilt home (2014) delivers comfort, style, and smart living in one stunning package. Step outside to your private oasis featuring a heated saltwater pool, 24x40 workshop with concrete floor, and a 50 Amp RV hookup—all on a fully fenced cul-de-sac lot in a quiet, established neighborhood. Inside, no detail was spared. Enjoy custom lighting and fixtures throughout, granite countertops, a double vanity, and a massive walk-in primary shower with oversized rain heads. Every closet features built-in wood organizer systems. Relax in the deep soaker tub or fire up your chef-grade kitchen equipped with a Viking Professional Gas Range, Monogram Refrigerator and Range Hood, plus newer stainless steel microwave and dishwasher. Additional upgrades include a tankless water heater and premium finishes in every corner. This is more than a home—it's a turnkey lifestyle upgrade.
List Price/SqFt: 224.22
Sold Price/SqFt: 217.98

Property Features

Architectural Style: Ranch; Traditional Levels: One Property Condition: Updated/Remodeled Appliances: Dishwasher; Gas Range; Microwave; Refrigerator; Tankless Water Heater Interior Features: Breakfast Bar; Breakfast Nook; Ceiling Fan(s); Eat-in Kitchen; Entrance Foyer; Open Floorplan; Pantry; Primary Bathroom - Shower No Tub; Split Bedrooms; Walk-In Closet(s) Flooring: Carpet; Laminate; Tile Laundry Features: Electric Dryer Hookup; In Unit; Sink Utilities: Cable Available; Electricity Connected; Natural Gas Available; Sewer Connected; Water Connected Cooling: Central Air; Electric Heating: Electric; Natural Gas Water Source: Private Sewer: Public Sewer Smart Home Features: Oven; Programmable Thermostat; Refrigerator; Smoke Detector Green Energy Efficient: Water Heater Security Features: Closed Circuit Camera(s); Smoke Detector(s) Other Structures: Shed(s) Exterior Features: Fire Pit; Outdoor Shower Patio And Porch Features: Covered; Rear Porch Pool Features: In Ground; Salt Water; Screen Enclosure Spa Features: In Ground Roof: Shingle Parking Features: Additional Parking; Garage; Garage Door Opener; RV Access/Parking Lot Features: Cul-De-Sac Fencing: Back Yard; Privacy; Wood Current Use: Residential Community Features: Street Lights Road Frontage Type: City Street Road Surface Type: Asphalt; Paved Possession: Close Of Escrow Listing Terms: Cash; Conventional; VA Loan