OWNER FINANCING (with a substantial down payment) on this one-of-a-kind estate in the heart of historic Melrose. This classic mid-century home has been tastefully and creatively updated by the current owners with many upscale designer touches. Double fireplace that opens into the living room and den. The kitchen features recent Whirlpool appliances in black stainless steel (side-by-side refrigerator with ice maker, range/oven, microwave, and dishwasher). The three bathrooms in the main house all feature cast iron bathtubs. Solid-core five-panel shaker doors throughout. Full-size Whirlpool washer and dryer. New Galvalume metal roof on main house (installed in 2022). New air conditioner (air handler and compressor) installed in April, 2023. New water heater installed in September 2023. Custom palm tree shutters and ''cat on a hot tin roof'' cupola/wind vane. Home recording studio with private entrance, adjoining office, and full bathroom (could easily be turned into a man cave, mother-in-law apartment, or 2nd master bedroom). The other end of the house has a second mother-in-law apartment with two bedrooms and a full bath, a private entrance, walkway, and fenced patio. The current owners use this as a guest suite and also rent it out via airbnb. The Mermaid Cottage can be used as a THIRD mother-in-law apartment, if desired. The current owners rent the Mermaid Cottage through airbnb. Previous owners enclosed the large double garage, but it could easily be converted back to an actual garage. There is also a double carport adjacent to the Mermaid Cottage, as well as a single carport that is part of the Mermaid Cottage (the owners park their golf cart there). There is also an air-conditioned shop building (concrete slab, metal roof) with a large storage room. The Mermaid Cottage has its own private driveway/parking place and fenced back yard. There is a nice fire pit area, complete with tiki torches. There is plenty of room to park a boat or even an RV. There's also plenty of room to park a number of guests for a party or family get-together. There are a number of citrus trees (orange, tangerine, pomelo, and Meyer lemon). Lots of rental income potential.