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For sale
    • Price cut: $64.5K (6/23)
    $785,000

    8386 AUSTIN ROAD, MELROSE, FL 32666

    5beds
    3,688sqft
    : 
    $5,216/mo
    Get pre-qualified
    Single Family Residence
    Built in 1955
    1.48 Acres Lot
    $-- Zestimate®
    $213/sqft
    $-- HOA

    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.
    99 days
    |
    375
    |
    28
    |

    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

    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
      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: $213/sqft
      • Tax assessed value: $621,075
      • Annual tax amount: $6,136
      • Date on market: 4/22/2026
      • Cumulative days on market: 100 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

        DateEventPrice
        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
        6/22/2014Price change$481,000+1.3%$130/sqft
        Source: CENTURY 21 Lakeside Realty #334632 Report a problem
        8/22/2013Price change$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
        9/25/2011Price change$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

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        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

        Getting around

        0 / 100
        Car-Dependent
        18 / 100
        Somewhat Bikeable

        Nearby schools

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