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2220 LOOKOUT Landing
About This Property
Granite kitchen open to the main living area, custom built-ins, plantation shutters, two fireplaces, luxury vinyl and wood flooring throughout. Major updates complete: NEW roof June 2026 with transferable warranty, CDD bond paid in full, clean 4-point inspection on file, owned water softener, EV charger, and so much more. The boring-but-critical stuff is done at 2220 Lookout Landing -- that's what ''move-in ready'' actually means. Eagle Harbor resort-style amenities: community pools, golf course, pickleball, tennis, boat dock and RV/boat storage. Zoned for Fleming Island Elementary and Fleming Island High School. Minutes to Doctors Lake, US-17, and an easy commute to NAS Jacksonville and downtown Jacksonville. Move-in ready waterfront living in one of Clay County's most sought-after communities.
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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%.
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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 |
|---|---|---|---|
| Sep 15, 2026 | In contract | - | |
| In contract | |||
| Sep 11, 2026 | Price Decreased |
$565,000
↓ $15K
(2.6%) | |
| Price Decreased | |||
| Aug 15, 2026 | Price Decreased |
$580,000
↓ $19K
(3.2%) | |
| Price Decreased | |||
| Jul 21, 2026 | Price Decreased |
$599,000
↓ $10K
(1.6%) | |
| Price Decreased | |||
| Jul 2, 2026 | Listed by RE/MAX UNLIMITED | $609,000 | |
| Listed by RE/MAX UNLIMITED | |||
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About Fleming Island
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017