- Overview
- Description
- Property Details
- Location
- Facts & Features
- Getting Around
- Nearby Homes
$785,000
Monthly Est:$3,907
5 Beds
- 3 Baths
3 full baths
3,688sqft
8386 Austin Rd, Melrose, FL 32666
$785,000
$3,907/moEst:
Get Pre-Approved
Single Family Residence
Built in 1955
$-- HOA
1.48 acres lot
$213/sq.ft
Description
Seller is 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. Sellers are also offering a closing cost credit to make the personal changes you want with an acceptable offer!
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.
- Houzeo last checked: 14 minutes ago
- Listing updated: October 5, 2026 at 1:43 pm
- Listing Provided by: Joan Sroka (352) 514-1258 , Amber Aguirre | HORIZON REALTY OF ALACHUA INC (386) 462-4020
- Source: Stellar MLS-FL | MLS#: GC539637

Property Details
Status
Pending
Type
Single Family Residence
No. of Stories
1
County
City
Neighborhood
--
Year Built
1955
HOA Fees
-
Finished Area
3,688 sqft
Lot Size
1.48 acres lot
Basement Area
- sqft
MLS Name
Stellar MLS
MLS Number
GC539637
MLS Status
Pending
Days on Market
170
Cumulative Days on Market
163

Continue Your Journey in App
Find your dream home, receive real-time updates, and many more!
Download App
Continue Your Journey in App
Find your dream home, receive real-time updates, and many more!
Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 5
Bathrooms: 3
Living Room
Level: First
Dining Room
Level: First
Primary Bedroom
Level: First
Primary Bathroom
Level: First
Kitchen
Level: First
Interior
Cooling
Central Air, Mini Split Unit(s)
Window Features
Insulated Windows
Appliances
Convection Oven, Cooktop, Dishwasher, Dryer, Electric Water Heater, Exhaust Fan, Gas Water Heater, Range, Range Hood, Refrigerator, Washer
Interior Features
Built In Features, Ceiling Fans(s), Crown Molding, Open Floorplan, Primary Bedroom Main Floor, Primary Bedroom Upstairs
Flooring
Carpet, Ceramic Tile, Luxury Vinyl, Tile, Wood
Exterior Features
Garden, Lighting, Playground, Private Entrance, Private Mailbox, Private Yard, Rain Gutters, Storage
Sewer
Septic Tank
Heating
Central, Electric, Ductless
Construction
Year Built
Year Built: 1955
Home type
Single Family Residence
Foundation Details
Crawlspace
Construction Materials
Concrete
Roof
Shingle
Architectural Style
Custom
Utilities & Energy
Laundry Features
Laundry Room
Utilities
Electricity Connected, Propane, Underground Utilities
Fireplace Features
Gas
Parking Features
Converted Garage, Driveway, Open
Water Source
Well
Other Features
Lot Features
In County, Landscaped, Oversized Lot, Private, Unpaved
Patio And Porch Features
Covered, Deck, Front Porch, Patio, Rear Porch, Screened
Vegetation
Fruit Trees, Mature Landscaping, Trees/landscaped
Subdivision Name
Not In Subdivision
Price History
| Date | Event | Price |
|---|---|---|
10/05/2026 Source: | Pending | $785,000 $213/sqft |
06/23/2026 Source: | Price Decreased | $785,000 -7.59% $213/sqft |
04/22/2026 Source: | Listed for Sale | $849,500 $230/sqft |
04/22/2026 Source: | Price Increased | $849,500 +112.91% $230/sqft |
04/29/2016 Source: | Price Increased | $399,000 +2.05% $108/sqft |
Show more
Nearby Homes
Find Homes by Property Features in Melrose, FL
Nearby New Homes For Sale
Based on information from Stellar MLS® through Oct 10, 2026, 12:15PM as submitted to and distributed by MLS GRID. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any, and as amended from time to time. © 2026 Stellar MLS. All Rights Reserved.
Advertising Broker: Fred McGill | Simple Showing, Inc














