Clay
8189 MELROSE Road
47
Map
$549,000
●
House -
For Sale
8189 MELROSE Road
Melrose, FL 32666
3 Beds
2 Baths
1,656 Ft²
$2,940
Est. Monthly
About This Property
A rare opportunity to enjoy 12 acres and your own private lake
setting! This updated 3-bedroom, 2-bath home offers 1,656 sq ft
surrounded by beautiful oaks, mature woods, and abundant wildlife
including deer and turkey. The property sits on crystal-clear,
sand-bottom Opal Lake, reaching approximately 40 feet deep and
offering excellent fishing right outside your door. Inside, the
home features luxury vinyl plank flooring, modern finishes, shiplap
accents, and tongue-and-groove ceilings that add warmth and
character throughout. Step outside to a large back deck with plenty
of room for entertaining, relaxing, or taking in the peaceful
surroundings. An outdoor shower is perfect for rinsing off after
working around the property or spending the day at the lake. With
12 acres, privacy, wildlife, and private lake access, this property
delivers the North Florida lifestyle that's getting harder to find.
Unit Size
1,656 Ft²
Days on Market
15 days
Land Size
12.25 acres
Price per sqft
$332
Property Type
House
Property Taxes
$244
HOA Dues
-
Year Built
1970
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: 15 days ago (Real MLS #2165461)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 17, 2026 | Listed by TREVOR WATERS REALTY, INC. | $549,000 | |
| Listed by TREVOR WATERS REALTY, INC. | |||
| Oct 18, 2024 | Sold | ||
| Sold | |||
| Sep 17, 2024 | In contract | - | |
| In contract | |||
| Aug 28, 2024 | Price Decreased |
$189,900
↓ $10K
(5%) | |
| Price Decreased | |||
| Jul 22, 2024 | Listed by HORIZON REALTY OF ALACHUA INC | $199,900 | |
| Listed by HORIZON REALTY OF ALACHUA INC | |||
| | |||
|
A secluded lake area retreat! Located between Melrose and Keystone Heights, this 12+ acre property is almost entirely wooded for maximum privacy and tranquility with approximately 70 feet of frontage on Lake Opal. It's time to roll up your sleeves and get to work renovating the 2 bedroom/2 bath home into your dream cottage in the woods. The floorplan includes two large open living areas that could be customized and utilized to your liking. Less than 30 minutes to Gainesville, and less than an hour to Jacksonville!
| |||
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Property Highlights
Air Conditioning
Parking Details
Has Open Parking
Parking Features: Circular Driveway
Interior Details
Full Bathrooms: 2
Appliances: Convection Oven, Dishwasher, Microwave, Refrigerator
Exterior Details
Square Footage: 1656
Square Footage Source: $0
Property Condition: Updated/Remodeled
Architectural Style: Ranch
Year Built: 1970
Waterfront Features: Lake Front
Levels: One
Lot Features: Irregular Lot, Wooded
Lot Size Area: 12.25
Lot Size Units: Acres
Lot Size Acres: 12.25
Lot Size Square Feet: 533610
Water Source: Well
Financial Details
Tax Annual Amount: $2,925
Utilities Details
Cooling Type: Central Air
Heating Type: Central, Heat Pump
Sewer : Septic Tank
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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About Clay
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Listed by: Branden Waters, TREVOR WATERS REALTY, INC.
Last Updated: 15 days ago
Data Source: Real MLS, MLS# 2165461
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: 15 days ago
Data Source: Real MLS, MLS# 2165461
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