531 LOS PALMAS Drive
About This Property
This all-brick beauty offers timeless character and modern convenience-without the hassle of CDD or HOA fees. That means you can bring your boat, RV, or other toys with ease!
Lovingly maintained by its original owner, this home features wood-look flooring and tile throughout, creating a warm and low-maintenance flow. The light-filled enclosed Florida Room extends your living space-perfect for watching football, setting up a playroom, home gym, or whatever fits your lifestyle.
The location is unbeatable: just minutes from shopping, dining, and gyms, plus top-rated Paterson Elementary is right down the road. Commuting is a breeze with quick access to NAS JAX, Orange Park Medical Center, Baptist Clay Hospital, and more.
Don't miss your chance to own a piece of Fleming Island charm with the freedom to truly make it your own!
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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 |
|---|---|---|---|
| Mar 12, 2026 | Sold | ||
| Sold | |||
| Feb 14, 2026 | In contract | - | |
| In contract | |||
| Jan 16, 2026 | Price Decreased |
$420,000
↓ $10K
(2.3%) | |
| Price Decreased | |||
| Dec 16, 2025 | Price Decreased |
$430,000
↓ $5K
(1.2%) | |
| Price Decreased | |||
| Oct 8, 2025 | Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | $435,000 | |
| Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | |||
Property Highlights
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About Fleming Island
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Last Updated: 7 months ago
Data Source: Real MLS, MLS# 2112989
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017