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Sold for $650,000
  • Zestimate®
    $650,000

    8386 AUSTIN ROAD, MELROSE, FL 32666

    5beds
    3,688sqft
    Single Family Residence
    Built in 1955
    1.48 Acres Lot
    $650,000 Zestimate®
    $176/sqft
    $2,871 Estimated rent

    Home value

    $650,000

    $618,000 - $683,000

    $2,871/mo

    Zestimate® history
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    What's special

    Gas fireplaceTwo primary suitesBeautifully updated kitchenCustom cabinetry
    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Joan Sroka 352-514-1258,

    HORIZON REALTY OF ALACHUA INC 386-462-4020,

    Amber Aguirre 352-213-1864,

    HORIZON REALTY OF ALACHUA INC

    Bought with:

    Non-Member Agent

    STELLAR NON-MEMBER OFFICE

    Source: Stellar MLS,MLS#: GC539637MLS LogoOriginating MLS: Gainesville-Alachua

    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

    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: $176/sqft
    • Tax assessed value: $621,075
    • Annual tax amount: $6,136
    • Date on market: 4/22/2026
    • Cumulative days on market: 163 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

    Price history

    DateEventPrice
    10/27/2026Sold$650,000-17.2%$176/sqft
    Source: Stellar MLS #GC539637 Report a problem
    10/5/2026Pending sale$785,000$213/sqft
    Source: Stellar MLS #GC539637 Report a problem
    6/23/2026Price change$785,000-7.6%$213/sqft
    Source: Stellar MLS #GC539637 Report a problem
    4/22/2026Listed for sale$849,500+117.3%$230/sqft
    Source: Stellar MLS #GC539637 Report a problem
    4/27/2016Sold$391,000-2%$106/sqft
    Source: realMLS #811440 Report a problem
    3/25/2016Pending sale$399,000$108/sqft
    Source: Keller Williams - Ocala #366608 Report a problem
    11/26/2015Price change$399,000-8.3%$108/sqft
    Source: Keller Williams - Ocala #366608 Report a problem
    8/18/2015Listed for sale$435,000+6.1%$118/sqft
    Source: Keller Williams - Ocala #366608 Report a problem
    1/23/2015Listing removed$410,000$111/sqft
    Source: CENTURY 21 Lakeside Realty #334632 Report a problem
    9/26/2014Price change$410,000-14.8%$111/sqft
    Source: CENTURY 21 Lakeside Realty #334632 Report a problem
    6/22/2014Listed for sale$481,000+1.3%$130/sqft
    Source: CENTURY 21 Lakeside Realty #334632 Report a problem
    8/22/2013Listed for sale$474,900+5.6%$129/sqft
    Source: CENTURY 21 Lakeside Realty #334632 Report a problem
    7/13/2012Listed for sale$449,900-18%$122/sqft
    Source: Listhub #334632 Report a problem
    6/11/2012Listing removed$548,500$149/sqft
    Source: Watson Realty Corp #N583520 Report a problem
    9/25/2011Listed for sale$548,500-0.3%$149/sqft
    Source: Watson Realty Corp #N583520 Report a problem
    12/9/2010Price change$550,000-2.5%$149/sqft
    Source: Watson Realty Corp #N516316 Report a problem
    9/18/2010Price change$564,000-2.8%$153/sqft
    Source: Watson Realty Corp #N516316 Report a problem
    4/16/2010Price change$580,000-10.8%$157/sqft
    Source: Watson Realty Corp #N516316 Report a problem
    1/16/2010Listed for sale$650,000-18.4%$176/sqft
    Source: Watson Realty Corp #N516316 Report a problem
    2/26/2009Listing removed$797,000$216/sqft
    Source: Watson Realty Corp #N421453 Report a problem
    3/27/2008Listed for sale$797,000$216/sqft
    Source: Homes & Land Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $395,510 +2.5%
    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

    Neighborhood: 32666

    Nearby schools

    GreatSchools rating
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    Estimated market value

    $650,000

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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value

    $650,000