Huge price reduction and a lease purchase option available. Do you want privacy, updates and a Fleming Island address? Welcome to this updated 5-bedroom, 3-bathroom home, perfectly nestled on a spacious 1.25-acre lot. This move-in ready home offers a rare opportunity with no HOA or CDD fees and plenty of space, giving you the freedom to enjoy and personalize your property without restrictions. Step onto the inviting wraparound front porch, relax on the private side porch off the primary suite, or unwind in the screened lanai overlooking the peaceful backyard. Inside, the updates span from the expansive kitchen and all three bathrooms to the flooring, lighting, and beyond. Completely gutted and rebuilt, this home blends modern comfort with reliability. Foundation/subfloor repaired, rewired, replumbed, new roof. The expansive dry lot is adorned with majestic 100-year-old oak trees. Shared driveway with 2 other homes. The lot features a massive four-section carport that provides plenty of room for vehicles, an RV, a boat, or other recreational toys. There is a shed to store your outdoor essentials. The home is also connected to public water and sewer for added convenience. The foundation repair was permitted and completed by Hygema Foundation Repair. The $70k repair included 2 dozen concrete piers, new beams and joists to replace rotted ones, and leveling of the floors (the best a 1940 home with multiple additions would allow). This home is listed below market value at $185/sf. Comparable homes with acreage have sold with average sale price of $215/sf. Don't miss this rare opportunity to own a renovated home on a private, oversized lot in Fleming Island. Enjoy the benefits of top-rated schools, nearby shopping, dining, and easy access to Jax NAS.