$785,000

$213/sq ft

$64,500
Price Decreased

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Overview

Bedroom

5

Bath

3

Year Built

1955

Sqft

3688

Property Type

Single Family Residence

Property Description

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.

Property Details

MLS#

GC539637

Total Floor in Bldg

1

Address

8386 AUSTIN

City

MELROSE

State/county

FL

Zip/Postal Code

32666

Area

Not In Subdivision

Country

United States

HOA

No

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$6,136

Maint Fee

$--

Tax Year

2025

Convection Oven

Cooktop

Dishwasher

Dryer

Electric Water Heater

Exhaust Fan

Gas Water Heater

Range

Range Hood

Refrigerator

Washer

Water

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Boris Gelfand