by Global Lifestyle Properties

See Home Value
Putnam
123 LAKE CARLETON DRIVE
$275,000
● House - Off Market

123 LAKE CARLETON DRIVE

MELROSE, FL 32666
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
777 Ft²
$1,743
Est. Monthly
4.18%
Cap Rate

About This Property

Opportunity! Are you looking for a great investment for an Airbnb or a charming escape from reality for the weekends? Escape to this stunningly remodeled A-frame lake home tucked away for perfect privacy and relaxation. You or your guests will never want to leave. This is just the property for anyone dreaming of lakeside living or looking to add a lakefront home to their portfolio. Currently operating as a thriving Airbnb, this property brings in over $60,000 annually, delivering immediate income potential from the moment you take ownership. The space has been beautifully updated. The home features 2 bedrooms, 1.5 bathrooms, and captivating water views from two private balconies-one off the primary suite upstairs and another just off the kitchen, ideal for sipping coffee while soaking in nature. There are several updates that provide peace of mind and style... a metal roof, granite countertops, stainless steel appliances, and stunning tongue-and-groove ceilings (adding even more character and charm). The upper level includes two cozy sleeping spaces and a half bath, while the main floor offers a full bath with a walk-in shower. Sitting on nearly one acre (0.96 acres), the outdoor space is just as impressive. You have direct lake access, your very own private beach, a floating dock, patio area, and a large storage shed for kayaks, paddleboards, and more. As the day winds down, relax in the hot tub with your favorite drink and watch the sun set over the water-pure magic. Can you see why the guests love this place? Whether you're searching for a top-performing short-term rental or a tranquil full-time residence, this home checks every box. Ideally located with easy access to major towns and roadways, it's the lakefront lifestyle you've been waiting for. Don't miss this rare opportunity-schedule your private showing today!
Unit Size
777 Ft²
Days on Market
49 days
Land Size
0.96 acres
Price per sqft
$399
Property Type
House
Property Taxes
$221
HOA Dues
-
Year Built
1983

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Last updated: 2 years ago (Stellar MLS #G5100185)

Price History

Date / Event Date Event Price
Sep 19, 2025 Sold
Sold
Aug 12, 2025 In contract -
In contract
Aug 1, 2025 Listed by MORRIS REALTY AND INVESTMENTS $309,900
Listed by MORRIS REALTY AND INVESTMENTS
Apr 13, 2025 In contract -
In contract
Mar 26, 2025 Listed $319,000
Listed
Under contract-accepting backup offers. Welcome to your dream lakefront retreat! This beautifully renovated A-frame home in a peaceful Melrose neighborhood is a rare opportunity for investors and nature lovers alike. Currently operating as a highly successful Airbnb, this property generates over $60K in annual revenue offering instant cash flow from day one! Spanning 1,147 sq. ft., this charming getaway features 2 bedrooms, 1.5 baths, and breathtaking lake views from the private 2nd story balcony located off the primary suite. There is also a second balcony right off the kitchen where you can enjoy your morning coffee. Modern updates include a durable metal roof, sleek stainless steel appliances, elegant granite countertops, and stunning tongue-and-groove ceilings. The thoughtful layout provides two sleeping areas and a half bath upstairs, while the full bath with a walk-in shower is conveniently located on the main floor. Sitting on a sprawling 0.96-acre lot, this property is designed for both relaxation and adventure. Enjoy direct lake access, a private beach area, a large floating dock, a spacious patio, and a large shed to store all your toys. Picture yourself unwinding in the hot tub with a glass of wine, watching the sunset over the water—pure lakefront bliss. Whether you’re looking for a high-performing short-term rental or a peaceful owner-occupied lakefront escape, this home offers the best of both worlds. Perfectly positioned near Gainesville, Ocala, St. Augustine, Keystone Heights, and Jacksonville, this waterfront oasis won’t last long so schedule your private showing today!
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Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 69
  • Porch Type: 59
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 41,818
  • Lot Size Depth Feet: 2,320
  • Lot Size Frontage Feet: 1,200
  • Total Building Area: 777
  • Gross Building Area: 777
  • Building Area: 777
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 24
  • Heated Square Feet: 777
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HAZELWOOD HEIGHTS
  • Land Acres: 0000000960
  • Standard Land Use Code: 1001
  • County Land Use Code: 00100
  • State Land Use Code: 01
  • Legal Description 1: PT OF SW1/4 OF NW1/4 OR296 P1928 (HAZELWOOD HEIGHTS UNREC BLK B LOTS 15 & 16)

Neighborhood

  • School District Name: Putnam County School District
  • Census Tract: 950300

Geography

  • Account Number: 11875
  • Parcel: 03-09-23-3580-0020-0150
  • Block: 2
  • Lot: 15
  • Meridian: SEC 03 TWN 09S RNG 23E
  • Municipality: PUTNAM COUNTY
  • Latitude: 29.7408
  • Longitude: -81.995

    Address

  • Full Address: 123 Lake Carleton Dr
  • Address - House Number: 123
  • Address - Street Name: Lake Carleton
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Melrose
  • Carrier Code: R003
  • 4-Digit Zip Code: 3073
  • Zip Code: 32666

Valuation

    Tax

  • Total Area: 1,147
  • Tax Year: 2023
  • Tax Amount: $258,553
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 000

    Appraisal Valuation

  • Standard Deviation: 0.4634
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 7
  • Final Value: 51,291
  • High Value: 75,062
  • Low Value: 27,519

    Market Valuation

  • Market Total Value: $142,510
  • Market Land Value: $28,330
  • Market Improvement Value: $114,180

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $142,510
  • Assessed Land Value: $28,330
  • Assessed Improvements Value: $114,180

    Sales

  • Current Sale Contract Date: Oct 31, 2023
  • Current Sale Recording Date: Nov 07, 2023
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 24942
  • Previous Sale Recording Date: May 12, 2022
  • Previous Sale Contract Date: May 12, 2022
  • Previous Sale Amount: $180,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Putnam


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Frequently Asked Questions

When was property at 123 Lake Carleton Drive built and last sold?
The property at 123 Lake Carleton Drive was built in 1983 and last sold on Oct 31, 2023 for $204,000.
How much is this home worth?
The estimated value of the home located at 123 Lake Carleton Drive is $0.
What are some comparable homes to 123 Lake Carleton Drive?
There are currently no comparable homes to 123 Lake Carleton Drive.