1540 ISLAND SUNSET Cove
About This Property
Opportunities like this don't come around often-a spacious ¾-acre cleared lot in one of the most desirable and established areas of Fleming Island, just a stone's throw from the breathtaking St. Johns River.
With no HOA or CDD fees, you're free to create the home you've always envisioned-whether it's a private retreat, family estate, or luxury getaway. Public water and sewer are ready at the street, making the build process that much easier.
This premium homesite is perfectly situated near award-winning schools, medical centers, shopping, dining, and everyday conveniences, yet still offers the peace and privacy of a tucked-away setting.
No flood zone. No clearing needed. No compromise.
Flood and plat maps available in documents. Feel free to stop by, walk the land, and picture the future you're ready to build.
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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 |
|---|---|---|---|
| Apr 24, 2026 | Sold | ||
| Sold | |||
| Mar 26, 2026 | In contract | - | |
| In contract | |||
| Dec 19, 2025 | Price Decreased |
$190,000
↓ $10K
(5%) | |
| Price Decreased | |||
| Aug 2, 2025 | Listed by WATSON REALTY CORP | $200,000 | |
| Listed by WATSON REALTY CORP | |||
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About Fleming Island
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Last Updated: 7 months ago
Data Source: Real MLS, MLS# 2101960
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