Putnam
111 2ND Street
49
Map
$240,000
↓ $5K (2%)
●
House -
For Sale
111 2ND Street
Melrose, FL 32666
2 Beds
2 Baths
952 Ft²
$1,332
Est. Monthly
About This Property
Cute Lakefront Gem in Melrose: Fully Rehabbed 2-Bed/2-Bath with
Screened Pool.
Discover this charming 2-bedroom, 2-bath home, perfectly situated on a lake with a low water level ideal for peaceful enjoyment. The owner has completely rehabbed the property with top-tier upgrades, including a new plumbing system, new HVAC, new hot water heater, new well pump, new pressure tank, and a new pool pump. A new roof is scheduled to be installed prior to closing, ensuring you move into a worry-free home.
Interior Highlights: New stainless-steel appliances and quartz countertops in a modern kitchen with new cabinets. Brand-new bathrooms. All upgrades in 2025. Spacious laundry room with ample storage. Fresh new paint in every room. Outdoor Features: Screened-in ground pool for safe, relaxing swim time. Three outbuildings. Cute patio on lakeside. Lake views with a serene, low-water shoreline. This is a rare opportunity to own a fully updated lakefront home in the quiet community of Melrose. Don't miss this turnkey property ready for immediate enjoyment! Easy commute to Gainesville and Jacksonville.
Discover this charming 2-bedroom, 2-bath home, perfectly situated on a lake with a low water level ideal for peaceful enjoyment. The owner has completely rehabbed the property with top-tier upgrades, including a new plumbing system, new HVAC, new hot water heater, new well pump, new pressure tank, and a new pool pump. A new roof is scheduled to be installed prior to closing, ensuring you move into a worry-free home.
Interior Highlights: New stainless-steel appliances and quartz countertops in a modern kitchen with new cabinets. Brand-new bathrooms. All upgrades in 2025. Spacious laundry room with ample storage. Fresh new paint in every room. Outdoor Features: Screened-in ground pool for safe, relaxing swim time. Three outbuildings. Cute patio on lakeside. Lake views with a serene, low-water shoreline. This is a rare opportunity to own a fully updated lakefront home in the quiet community of Melrose. Don't miss this turnkey property ready for immediate enjoyment! Easy commute to Gainesville and Jacksonville.
Unit Size
952 Ft²
Days on Market
68 days
Land Size
1.50 acres
Price per sqft
$252
Property Type
House
Property Taxes
$153
HOA Dues
-
Year Built
1964
Listed By
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100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 8 days ago (Real MLS #2156238)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 18, 2026 | Price Decreased |
$240,000
↓ $5K
(2%) | |
| Price Decreased | |||
| Sep 9, 2026 | Price Decreased |
$244,900
↓ $5K
(2%) | |
| Price Decreased | |||
| Jul 20, 2026 | Listed by HELEN HERSEY REALTY | $249,900 | |
| Listed by HELEN HERSEY REALTY | |||
| Jun 2, 2026 | Price Decreased |
$249,800
↓ $100
(0%) | |
| Price Decreased | |||
| May 26, 2026 | Relisted | $249,900 | |
| Relisted | |||
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Property Highlights
Parking Available
Air Conditioning
Parking Details
Parking Features: Off Street
Interior Details
Full Bathrooms: 2
Interior Features: Ceiling Fan(s), Open Floorplan, Primary Bathroom - Tub with Shower
Appliances: Dishwasher, Electric Oven, Electric Water Heater, Microwave, Refrigerator
Flooring Type: Tile
Laundry Features: In Unit
Exterior Details
Square Footage: 952
Square Footage Source: $0
Year Built: 1964
Waterfront Features: Lake Front
Other Structures: Shed(s)
Construction Materials: Block, Concrete
Patio and Porch Features: Covered, Front Porch, Patio
Pool Features: In Ground, Screen Enclosure
Pool is Private
Lot Features: Wooded
Lot Size Area: 1.5
Lot Size Units: Acres
Lot Size Acres: 1.5
Lot Size Square Feet: 65340
Water Source: Well
Financial Details
Tax Annual Amount: $1,837
Utilities Details
Cooling Type: Central Air, Electric
Heating Type: Central, Electric
Sewer : Septic Tank
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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ft²
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About Putnam
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Listed by: HELEN HERSEY, HELEN HERSEY REALTY
Last Updated: 8 days ago
Data Source: Real MLS, MLS# 2156238
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by NEFMLS.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 8 days ago
Data Source: Real MLS, MLS# 2156238
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