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.
For sale
$849,500
8386 Austin Rd, Melrose, FL 32666
5beds
3,688sqft
Est.:
Single Family Residence
Built in 1955
1.48 Acres Lot
$-- Zestimate®
$230/sqft
$-- HOA
What's special
Gas fireplaceTwo primary suitesBeautifully updated kitchenUnforgettable sunset views
- 30 days |
- 552 |
- 47 |
Zillow last checked:
Listing updated:
Listing Provided by:
Joan Sroka 352-514-1258,
HORIZON REALTY OF ALACHUA INC 386-462-4020,
Amber Aguirre 352-213-1864,
HORIZON REALTY OF ALACHUA INC
Source: Stellar MLS,MLS#: GC539637
Originating MLS: Gainesville-Alachua
Originating MLS: Gainesville-Alachua
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Rooms
- Room types: Bonus Room, Den/Library/Office, Great Room, Utility Room
Primary bedroom
- Features: Ceiling Fan(s), En Suite Bathroom, Walk-In Closet(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
Dining room
- Level: First
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
Heating
- Central, Electric, Wall Units / Window Unit
Cooling
- Central Air, Ductless
Appliances
- Included: Convection Oven, Cooktop, Dishwasher, Dryer, Electric Water Heater, Exhaust Fan, Gas Water Heater, Range, Range Hood, Refrigerator, Washer
- Laundry: Laundry Room
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
- Has fireplace: Yes
- Fireplace features: Gas
Interior area
- Total structure area: 3,304
- Total interior livable area: 3,688 sqft
Video & virtual tour
Property
Parking
- Parking features: Converted Garage, Driveway, Open
- Has uncovered spaces: Yes
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
- Waterfront features: Lake Front, Lake Privileges, Skiing Allowed
- Body of water: LAKE LILY
Lot
- Size: 1.48 Acres
- Dimensions: 87 x 740
- Features: In County, Landscaped, Oversized Lot, Private, Above Flood Plain
- Residential vegetation: Fruit Trees, Mature Landscaping, Trees/Landscaped
Details
- Additional structures: Guest House, Shed(s), Storage, Workshop
- Parcel number: 05092300542600000
- Zoning: SFR
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Custom
- Property subtype: Single Family Residence
Materials
- Concrete
- Foundation: Crawlspace
- Roof: Shingle
Condition
- New construction: No
- Year built: 1955
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
- Utilities for property: Electricity Connected, Propane, Underground Utilities
Community & HOA
Community
- Pet fee: $0 monthly
- Subdivision: NOT IN SUBDIVISION
HOA
- Has HOA: No
Location
- Region: Melrose
Financial & listing details
- Price per square foot: $230/sqft
- Tax assessed value: $618,566
- Annual tax amount: $6,136
- Date on market: 4/22/2026
- Cumulative days on market: 31 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Ownership: Fee Simple
- Total actual rent: 0
- Electric utility on property: Yes
- Road surface type: Unimproved, Limerock
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 4/22/2026 | Listed for sale | $849,500+117.3%$230/sqft |
Source:  Stellar MLS #GC539637 Report a problem | ||
| 4/27/2016 | Sold | $391,000-2%$106/sqft |
Source:  realMLS #811440 Report a problem | ||
| 3/25/2016 | Pending sale | $399,000$108/sqft |
Source: Keller Williams - Ocala #366608 Report a problem | ||
| 11/26/2015 | Price change | $399,000-8.3%$108/sqft |
Source: Keller Williams - Ocala #366608 Report a problem | ||
| 8/18/2015 | Listed for sale | $435,000+6.1%$118/sqft |
Source: Keller Williams - Ocala #366608 Report a problem | ||
| 1/23/2015 | Listing removed | $410,000$111/sqft |
Source: CENTURY 21 Lakeside Realty #334632 Report a problem | ||
| 9/26/2014 | Price change | $410,000-14.8%$111/sqft |
Source: CENTURY 21 Lakeside Realty #334632 Report a problem | ||
| 6/22/2014 | Price change | $481,000+1.3%$130/sqft |
Source: CENTURY 21 Lakeside Realty #334632 Report a problem | ||
| 8/22/2013 | Price change | $474,900+5.6%$129/sqft |
Source: CENTURY 21 Lakeside Realty #334632 Report a problem | ||
| 7/13/2012 | Listed for sale | $449,900-18%$122/sqft |
Source: Listhub #334632 Report a problem | ||
| 6/11/2012 | Listing removed | $548,500$149/sqft |
Source: Watson Realty Corp #N583520 Report a problem | ||
| 9/25/2011 | Price change | $548,500-0.3%$149/sqft |
Source: Watson Realty Corp #N583520 Report a problem | ||
| 12/9/2010 | Price change | $550,000-2.5%$149/sqft |
Source: Watson Realty Corp #N516316 Report a problem | ||
| 9/18/2010 | Price change | $564,000-2.8%$153/sqft |
Source: Watson Realty Corp #N516316 Report a problem | ||
| 4/16/2010 | Price change | $580,000-10.8%$157/sqft |
Source: Watson Realty Corp #N516316 Report a problem | ||
| 1/16/2010 | Listed for sale | $650,000-18.4%$176/sqft |
Source: Watson Realty Corp #N516316 Report a problem | ||
| 2/26/2009 | Listing removed | $797,000$216/sqft |
Source: Watson Realty Corp #N421453 Report a problem | ||
| 3/27/2008 | Listed for sale | $797,000$216/sqft |
Source: Homes & Land Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,880 +4% | $385,868 +3.8% |
| 2023 | $5,654 +8% | $371,852 +3.4% |
| 2022 | $5,237 +1.9% | $359,662 +5.8% |
| 2021 | $5,138 +4.2% | $339,985 +2% |
| 2020 | $4,932 | $333,429 +2.8% |
| 2019 | $4,932 +2% | $324,422 +2.3% |
| 2018 | $4,835 +9.1% | $317,181 +4% |
| 2017 | $4,432 +1.7% | $304,895 +109.5% |
| 2016 | $4,359 +122.1% | $145,514 +1.6% |
| 2015 | $1,963 -6% | $143,175 +0.8% |
| 2014 | $2,087 | $142,094 +0.1% |
| 2013 | -- | $141,914 +1.8% |
| 2012 | -- | $139,371 +1.7% |
| 2011 | -- | $137,103 -0.8% |
| 2010 | -- | $138,223 +0.4% |
| 2009 | -- | $137,681 -1.6% |
| 2008 | -- | $139,960 -10.7% |
| 2007 | -- | $156,696 +15.1% |
| 2006 | -- | $136,139 +1.8% |
| 2005 | -- | $133,716 +6.2% |
| 2004 | -- | $125,933 +4.6% |
| 2003 | -- | $120,426 +6.1% |
| 2001 | -- | $113,481 +2.8% |
| 2000 | -- | $110,352 |
Find assessor info on the county website
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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 32666
Nearby schools
GreatSchools rating
- 5/10Keystone Heights Elementary SchoolGrades: PK-6Distance: 3.1 mi
- 4/10Keystone Heights Junior/Senior High SchoolGrades: 7-12Distance: 3.2 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Florida
- Clay County
- Melrose
- 32666
- 8386 Austin Rd
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