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8386 AUSTIN Rd

melrose, FL 32666

$849,500

  • 5 BR
    3 BA
    approx. 3,688 SF

Interested? Let's Connect

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.

Details

3,688 Sq Ft

1.48 Private Acres Lot Size

single family home

$6,136 Annual Tax

Built in 1955

MLS/Listing ID GC539637

1 Stories

Amenities & Features

Open Floor Plan

Crown Molding

Built-in Features

Laundry Room

Lot - Private

Lot - Oversized Lot

Lot - Landscaped

Parking - Open

Parking - Driveway

Parking - Converted Garage

Screened

Rear Porch

Patio

Front Porch

Deck

Covered

Water View

Convection Oven

Cooktop

Dishwasher

Dryer

Electric Water Heater

Exhaust Fan

Gas Water Heater

Range

Range Hood

Refrigerator

Washer

Heating - Electric

Unfurnished

Carpet

Ceramic Tile

Hardwood

Tile

Gas Fireplace

Fenced

Wire

Wood

Garden

Lighting

Playground

Private Entrance

Private Yard

Rain Gutters

Storage

Cooling - Central Air

Lake Front

Insulated Windows

Irrigation System

Crawlspace

Ceiling Fans

Lot - In County

Shingle

Septic System

Well

Style - Custom

Construction - Concrete

Cooling - Multi-split AC

Estimate my mortgage

TOTAL MONTHLY COST

$0

  • PRINCIPAL & INTEREST

    $0

  • PROPERTY TAXES

    $0

  • Common Charges

    $0

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