8386 Austin Rd, Melrose, FL, 32666
About This Home
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.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1955
Materials
- Foundation: Crawlspace
- Roof: Shingle
- Construction materials: Concrete
Type & Style
- Home type: SingleFamily
- Architectural style: Custom
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Convection Oven,Cooktop,Dishwasher,Dryer,Electric Water Heater,Exhaust Fan,Gas Water Heater,Range,Range Hood,Refrigerator,Washer
- Laundry features: Laundry Room
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Dining Room
- Level: First
Features
- Built-in Features,Ceiling Fan(s),Crown Molding,Open Floorplan,Primary Bedroom Main Floor,PrimaryBedroom Upstairs
- Flooring: Carpet,Ceramic Tile,Luxury Vinyl,Tile,Hardwood
- Fireplace features: Gas
- Fireplace: Yes
Heating & Cooling
- Heating features: Central,Electric,Wall Units / Window Unit
- Cooling features: Central Air,Ductless
Interior Area
- Total structure area: 3,304
- Total interior livable area: 3,688 sqft
Kitchen
- Features: Bar,Breakfast Bar,Built-In Shelving,Pantry,Kitchen Island,Exhaust Fan,Tall Countertops,Walk-In Closet(s)
- Level: First
Living Room
- Features: Built-In Shelving,Ceiling Fan(s)
- Level: First
Primary Bathroom
- Features: Exhaust Fan,Handicapped Accessible,Shower No Tub,Single Vanity,Stone Counters,Window/Skylight in Bath,Linen Closet
- Level: First
Primary Bedroom
- Features: Ceiling Fan(s),En Suite Bathroom,Walk-In Closet(s)
- Level: First
Property
Details
- Parcel number: 05092300542600000
- Zoning: SFR
- Special condition: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered,Deck,Front Porch,Patio,Rear Porch,Screened
- Exterior features: Garden,Irrigation System,Lighting,Playground,Private Entrance,Private Mailbox,Private Yard,Rain Gutters,Storage
- Fencing: Fenced,Wire,Wood
- Has view: Yes
- View description: Water,Lake
- Has water view: Yes
- Water view: Water,Lake
- On waterfront: Yes
- Waterfront features: Lake Front,Lake Privileges,Skiing Allowed
- Waterbody name: LAKE LILY
- Residential vegetation: Fruit Trees,Mature Landscaping,Trees/Landscaped
Lot
- Lot size: 1.48 Acres
- Features: In County,Landscaped,Oversized Lot,Private,Above Flood Plain
- Lot size dimensions: 87 x 740
Parking
- Parking features: Converted Garage,Driveway,Open
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Lightning
- Hurricane
- Heat Wave
- Inland Flooding
- Tornado
- Wildfire
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Clay County and Florida
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,969 | $47,628 |
| Home Insurance * | $459 | $5,508 |
| Property Taxes | $1,004 | $12,048 |
| Electricity | $371 | $4,453 |
| Total | $5,803 | $69,636 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-22 | Listed for sale | $849,500 |
| 2016-04-27 | Sold | $391,000 |
| 2016-03-25 | Pending sale | $399,000 |
| 2015-11-26 | Price change | $399,000 |
| 2015-08-18 | Listed for sale | $435,000 |
| 2015-01-23 | Listing removed | $410,000 |
| 2014-09-26 | Price change | $410,000 |
| 2014-06-22 | Price change | $481,000 |
| 2013-08-22 | Price change | $474,900 |
| 2012-07-13 | Listed for sale | $449,900 |
| 2012-06-11 | Listing removed | $548,500 |
| 2011-09-25 | Price change | $548,500 |
| 2010-12-09 | Price change | $550,000 |
| 2010-09-18 | Price change | $564,000 |
| 2010-04-16 | Price change | $580,000 |
| 2010-01-16 | Listed for sale | $650,000 |
| 2009-02-26 | Listing removed | $797,000 |
| 2008-03-27 | Listed for sale | $797,000 |
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