47
Map
1473 WATER PIPIT Lane
About This Property
Set in Pace Island, Fleming Island's only manned gated community, 1473 Water Pipit Ln offers 4 bedrooms, 2 baths, and 2,156 sq ft with a fenced backyard and waterfront setting. Move-in ready and designed for everyday living and entertaining, the layout includes a formal dining room, open living area with built-in shelving, fireplace, and a picture window overlooking the water. The updated kitchen features refreshed cabinetry, granite countertops, stainless appliances, breakfast bar seating, and a built-in wine rack. Recent improvements include new windows, new garage door, new French doors, new flooring throughout, plantation shutters, an updated guest bath, and a new hot water heater. The primary suite stands out with a fully remodeled bath featuring floor-to-ceiling marble tile, dual vanities, a freestanding soaking tub, and a glass-enclosed shower. Outside, enjoy a paver driveway, covered patio, landscape lighting, and community access to 2 pools, tennis, clubhouse, playground, and a community dock on Doctors Lake. Located just minutes from Fleming Island shopping, dining, and grocery options, and zoned for A-rated Paterson Elementary.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 8, 2026 | Sold | ||
| Sold | |||
| May 9, 2026 | In contract | - | |
| In contract | |||
| May 7, 2026 | Price Increased |
$470,000
↑ $10K
(2.2%) | |
| Price Increased | |||
| May 6, 2026 | Relisted | $460,000 | |
| Relisted | |||
| Apr 13, 2026 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017