8386 AUSTIN ROAD Melrose, FL $ 849,500
8386 AUSTIN ROAD
$ 849,500
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8386 AUSTIN ROAD

Melrose, FL, 32666
$ 849,500
Bedrooms5 Baths3.0 Sq 3,688

Monthly Estimate*

$ 5,231

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Single Family Home for sale in Melrose, FL

for $849,500 with 5 bedrooms and 3 full baths. This 3,688 square foot home was built in 1955 on a lot size of 1.48.

Welcome to an extraordinary opportunity to own a true waterfront retreat on the crystal-clear, spring-fed waters of Lake Lily—one of North Central Florida’s most sought-after private lakes. This stunning property offers the perfect balance of luxury, recreation, and income potential, featuring a spacious 5-bedroom, 3-bath main home with over 3,300 square feet offering two primary suites and 3 guest bedrooms plus a separate auxillary dwelling unit (ADU) with two private 1-bedroom, 1-bath efficiency living spaces, each just under 400 square feet—ideal for guests, extended family, or rental income. Built with solid block construction, this home is designed for both durability and comfort. Inside, a beautifully updated kitchen anchors the home, blending style and functionality while opening seamlessly into the main living spaces. The expansive great room is a true showstopper, with walls of windows that capture breathtaking panoramic views of the lake, built-n cabinets and a gas fireplace—creating a light-filled space perfect for relaxing or entertaining year-round. Wake up to water views from multiple bedrooms, three of which offer private porch views overlooking the lake. The luxurious primary suite is a retreat of its own, complete with a screened in covered porch, custom cabinetry, and a spa-inspired bathroom featuring an oversized shower and a deep soaker tub. Step outside and experience the ultimate lake lifestyle. A huge oversized deck provide the perfect setting for outdoor dining and entertaining, while your private sandy beach and dock invite you to swim, sunbathe, or launch into a day of boating. Known for its pristine waters, Lake Lily offers the rare combination of being large enough for water skiing and jet skis, yet peaceful enough for quiet mornings and unforgettable sunset views. Surrounded by natural beauty and located within easy reach of Gainesville, Jacksonville, and Ocala, this property also places you near the charming communities of Melrose and Keystone Heights, known for their local dining and shopping. All this is located on 1.48 acres with a spectacular garden loaded with flowers, vegetables and plentiful fruit trees just waiting for you! Whether you're seeking a full-time lakefront residence, a private getaway, or a property with built-in income potential, this one-of-a-kind Lake Lily estate delivers an unmatched lifestyle where every day feels like a vacation.

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Single Family Active

Price

$ 849,500

Bedrooms

5

Full Bath

3

Property Type

Single Family

Taxes

$ 6,136

Style

Custom

Lot Size

1.48

Year Built

1955

Town/City

Melrose

County/Region

Putnam

MLS | Web ID

GC539637

Features
General
Sewer Septic Tank
Heating Central Electric Wall Units / Window Unit
Cooling Central Air Mini-Split Unit(s)
Utilities Electricity Connected Propane Underground Utilities
Possession Close Of Escrow
Roof Shingle
Appliances Convection Oven Cooktop Dishwasher Dryer Electric Water Heater Exhaust Fan Gas Water Heater Range Range Hood Refrigerator Washer
Zoning SFR
Patio/Porch Features Covered Deck Front Porch Patio Rear Porch Screened
Architectural Style Custom
Construction Materials Concrete
Year Built 1955
View Water
Levels Two
Property Subtype Single Family Residence
Tax Year 2025
Ownership Fee Simple
Waterfront Features Lake Front
County Clay
New Construction false
Property Type Residential
Subdivision Name NOT IN SUBDIVISION
Facing Direction East
Garage Y/N false
Other Structures Guest House Shed(s) Storage Workshop
Total Rooms 5
Full Baths 3
Status Active
Directions From the intersection of SR 26 in Melrose go east on SR 26 and turn left onto Hwy 219 and then left on Neale Rd then left onto Austin Rd to home at address on the left - follow the driveway to where it splits and go to the right and follow to the home
City MELROSE
Body of Water LAKE LILY
Senior Community Y/N false
MLS Area 32666 - Melrose
Lot Size Units Acres
Lot Size Square Feet 64338
Carport Y/N false
Listing Terms Cash Conventional FHA VA Loan
Land Lease Y/N false
Tax Annual Amount 6136.14
Home Warranty Y/N false
Additional Parcels Y/N false
Lease Considered Y/N true
Virtual Tour https://www.propertypanorama.com/instaview/stellar/GC539637
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Vacant
Tax Lot 00
Legal Description PART OF N1/2 OF SE1/4 S5T9R23 AS REC O R 3852 PG 228
Water View Lake
Water Access Type Lake
Minimum Lease No Minimum
Water Access Y/N true
Additional Rooms Bonus Room Den/Library/Office Great Room Inside Utility
ILS Total SQFT 384
ILS Under Air SQFT 384
Water View Y/N true
Flood Zone Code X*
DockY/N true
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Interior
Interior Amenities Built-in Features Ceiling Fan(s) Crown Molding Open Floorplan Primary Bedroom Main Floor PrimaryBedroom Upstairs
Flooring Carpet Ceramic Tile Luxury Vinyl Tile Hardwood
Furnished Y/N Unfurnished
Fireplace Features Gas
Total Stories 1
Air Conditioning Y/N true
Heating Y/N true
Window Features Insulated Windows
Fireplace Y/N true
Half Baths 0
Laundry Features Laundry Room
Total Bedrooms 5
Total Baths 3
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Exterior
Exterior Amenities Garden Irrigation System Lighting Playground Private Entrance Private Mailbox Private Yard Rain Gutters Storage
Vegetation Fruit Trees Mature Landscaping Trees/Landscaped
Fencing Fenced Wire Wood
Parking Features Converted Garage Driveway Open
Lot Features In County Landscaped Oversized Lot Private
Water Source Well
Lot Size Area 1.477
Foundation Details Crawlspace
Building Area Total 3304
Lot Dimensions 87 x 740
Lot Size Acres 1.48
Road Surface Type Unimproved Limerock
Private Pool false
Waterfront Y/N true
Road Frontage Type Street Unpaved
Road Responsibility Public Maintained Road
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* Excluded Features
List By
Horizon Realty Of Alachua Inc

Broker

joan@horizonrealtyfl.com

Email

Affordability Calculator

$5,742
Per Month
91%
9%
0%
Monthly Principal & Interest
$5,231
Monthly Property Taxes
$511
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/22/2026$849,500 Listed Price

Map


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8386 AUSTIN ROAD, Melrose, FL, 32666 is a Single Family Home for sale at $849,500 with 3,688 sqft and a lot size of 1.48. 8386 AUSTIN ROAD has 5 bedrooms, 3.0 baths, and was built in 1955. The property's zip code is 32666 which is in Melrose, FL