
8386 AUSTIN ROAD, MELROSE, FL 32666
NOT IN SUBDIVISION · Clay County
Key Facts
Description
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.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Style
Custom
Year Built
1955
Stories
1
Living Area
3,304 sq ft
Lot Size
1.48 acres
Lot Dimensions
87x740
Ownership
Fee Simple
Zoning
SFR
Days on Market
63
MLS® Listing#
GC539637
Property Features
Interior
Exterior
Appliances
Cooling
Heating
Flooring
Fireplace
Basement
Parking
Laundry
Patio
Fencing
Lot Features
Construction
Roof
Windows
Other Structures
Utilities
Sewer
Water Source
Rooms
- Dining RoomFirst
- KitchenFirst
- Living RoomFirst
- Master BathroomFirst
- Master BedroomFirst
Financial Details
HOA
None
Annual Taxes
$6,136
Tax year 2025
Parcel Number
05-09-23-005426-000-00
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
Affordability Calculator
$157,000
Estimated monthly payment
$4,178/mo
Principal $628,000 · Est. interest $876,116 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in MELROSE, FL
- $342,857
- Median Listing Price
- 91
- Median Days on Market
- 1,587
- Median Sq Ft
- $220
- Median Price / Sq Ft
- 80
- Active Listings
- This home’s price is 129% above the area median.
- Its price per sq ft is 8% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in MELROSE, FL.
Location
Points of Interest in MELROSE, FL
Showing the MELROSE area map.
Nearby Schools
Melrose Elementary School
Elementary · 2.4 mi away
Keystone Heights Junior/Senior High School
Secondary · 3.1 mi away
Keystone Heights Elementary
Elementary · 3.1 mi away
Schools-Public Clay County
Elementary · 3.1 mi away
Community Christian School
School · 3.2 mi away
Keystone Heights High School
Secondary · 3.4 mi away
Ochwilla Elementary School
Elementary · 7.4 mi away
Hope Christian Academy
School · 7.5 mi away
McRae Elementary School
Elementary · 8.0 mi away
Waldo Community School
Secondary · 9.7 mi away
Q.I. Roberts Junior - Sr. High School
Secondary · 10.4 mi away
Chester Shell Elementary School
Elementary · 10.7 mi away
Hawthorne Academy
School · 10.8 mi away
Interlachen High School
Secondary · 11.0 mi away
Hawthorne Middle/High School
Secondary · 11.1 mi away
Bradford County Schools
Elementary · 11.2 mi away
Kid City USA - Hampton
School · 11.2 mi away
Interlachen Elementary School
Elementary · 12.0 mi away
Windsor Christian Academy
School · 12.0 mi away
Bradford Elementary School
Elementary · 14.6 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 8491 LILLY LAKE ROAD, MELROSE, FL | $569,000 | 4 | 2 | 2,144 |
| 8449 STATE ROAD 100, Melrose, FL | $799,900 | 4 | 3 | 2,056 |
| 101 RAMSEY DRIVE, MELROSE, FL | $895,000 | 4 | 4 | 3,516 |
| 2499 SE 30TH STREET, MELROSE, FL | $995,000 | 4 | 5 | 3,058 |
Moving Cost Estimate
EXIT Agents in MELROSE
Listing Courtesy: HORIZON REALTY OF ALACHUA INC - 386-462-4020
Last Updated: 2026-04-20














