Palencia: Neighborhood Briefing

Buyer-Leaning Market · 50/100as of June 21, 2026

Here is where the Palencia market stands this month, with the latest verified development news and the Momentum score, all in one place.

Market snapshot

Palencia is currently a buyer-leaning market, with a median sold price around $588K. Right now homes are taking about 81 days to sell, and there is roughly 4.7 months of supply. Prices are up about 3% over the past year, though values remain up about 130% since 2012. Listings are currently asking about 6% more per square foot than recent sales have closed at, which can leave room to negotiate.

Source: realMLS listing and sales data, as of June 21, 2026.

Development Momentum

Palencia has a Development Momentum score of 51 out of 100 (Active), based on 5 verified development items in the last 12 months. It measures the velocity of approved, funded, and opening projects nearby, and is distinct from market price. How this is scored.

What is happening near Palencia

• January 20, 2026Nothing Putt Fun & Games mini-golf venue wins rezoning near Palencia. St. Johns County commissioners unanimously approved rezoning for Nothing Putt Fun & Games, a roughly 54,000-square-foot entertainment complex planned on US-1 N about a mile south of Palencia. Plans call for a 16,000-square-foot building with an indoor course, restaurant, arcade, food trucks and an outdoor course. The developer hoped to break ground by the end of 2026 with an estimated eight-month build. Jacksonville Daily Record
• December 4, 2025Jersey Mike's Subs opens at Shoppes at Palencia Commons. Jersey Mike's Subs held a grand opening Dec. 4 at 120 Palencia Village Drive in the Publix-anchored Shoppes at Palencia Commons. It is the chain's fourth St. Augustine location. The Palencia Commons center fronts US-1 N and serves as the community's main retail node. Yahoo News
• October 31, 2025The Palencia Club sold to Heritage Golf Group for $19.5 million. Jacksonville-based Hampton Golf sold The Palencia Club on Oct. 28 to Heritage Golf Group of Herndon, Virginia, for $19.5 million as part of a three-course, $45.5 million transaction. The private club features an 18-hole Arthur Hills course and a 33,000-square-foot clubhouse. Heritage said early capital-improvement plans for the clubs are in discussion. Jacksonville Daily Record
• July 17, 2025Nothing Putt Fun & Games entertainment complex proposed on US-1 near Palencia. Plans surfaced for Nothing Putt Fun & Games, a 36-hole miniature golf and entertainment complex proposed at 7250 and 7280 US-1 N, roughly a mile south of Palencia. The concept paired indoor and outdoor courses with a restaurant and arcade. The project later advanced to rezoning approval in early 2026. Jacksonville Daily Record
• todaySt. Johns County begins $2.35 million Regalo Road improvements. St. Johns County started a roughly $2.35 million project to add drainage and paving on an unpaved segment of Regalo Road, bringing it to current county local-road standards. Work began in July 2025 with completion anticipated by March 2026. St. Johns County

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Market figures are computed from current realMLS listing and sales data and update as the market moves. Development items are verified, dated, and source-linked. This briefing is general information, not financial or investment advice. Every home and situation is different, so talk to a licensed agent about yours.