Steeve Cadeau
$785,000$849,5005 bd3 ba3,688 sqft$213 /sqft$5,202 /mo all-in ↓

8386 AUSTIN ROAD, MELROSE, FL, 32666

Active93 days on marketListed Apr 22, 2026MLS #GC539637

Reduced $65KWaterfrontSingle Family ResidenceNOT IN SUBDIVISION

About this home

8386 AUSTIN ROAD

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.

Facts & features

The home at a glance

5

Bedrooms

3

Bathrooms

3,688

Sqft

1.48 ac

Lot size

1955

Year built

Two

Levels

$213

Per sqft

WaterfrontFireplaceWater view

Inside

FlooringCarpet · Ceramic Tile · Luxury Vinyl · Tile · Hardwood
AppliancesConvection Oven · Cooktop · Dishwasher · Dryer · Electric Water Heater · Exhaust Fan · Gas Water Heater · Range · Range Hood · Refrigerator · Washer
InteriorBuilt-in Features · Ceiling Fan(s) · Crown Molding · Open Floorplan · Primary Bedroom Main Floor · PrimaryBedroom Upstairs
LaundryLaundry Room
CoolingCentral Air · Mini-Split Unit(s)
HeatingCentral · Electric · Wall Units / Window Unit

Outside & construction

RoofShingle
ConstructionConcrete
FoundationCrawlspace
ViewWater
FacesEast
ParkingConverted Garage · Driveway · Open
ExteriorGarden · Irrigation System · Lighting · Playground · Private Entrance · Private Mailbox · Private Yard · Rain Gutters · Storage

Community & fees

Taxes (2025)$6,136/yr

Utilities & systems

UtilitiesElectricity Connected · Propane · Underground Utilities
WaterWell

The numbers

What it really costs

Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.

$5,202 /mo · 10% down Conventional, 30-yr fixed at 6%

Principal & interest$4,236
PMI (est., until 20% equity)$294
Property tax — 2025 actual bill$511
Insurance (FL estimate)$160

The assumptions

Loan typeConventionalDown payment10% · $78,500Loan30-yr fixed at 6%Mortgage insuranceIncludedTaxesActual bill on recordInsuranceFlorida estimate

Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.

These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:

Andrew Acosta

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Run your own numbers

Loan type

FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.

Down payment10% · $78,500
Interest rate6.00%
Loan term

Estimated payment

$5,202/mo

Principal & interest$4,236
PMI (est., until 20% equity)$294
Property taxes (actual bill)$511
Est. insurance$160

Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.

Value check

Is the price right?

The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.

$/sqft vs NOT IN SUBDIVISION

$213 vs $255

Days on market

93 vs 57 typical

Where $213/sqft sits among the 125 homes for sale in NOT IN SUBDIVISION

46 · this home
37
23
5
1
13
$130–218$218–305$305–393$393–480$480–568$568+

The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.

Where it sits

Inside Melrose

Map of 8386 AUSTIN ROAD

Get to know Melrose. See the full Melrose guide →

MELROSE 32666 — neighborhood snapshot

Population

5,542

Median age

62.1

Median income

$66,540

Median home value

$206,000

Avg household

2.17

Households w/ children

268

For the school run

Putnam County School District

ElementaryMelrose Elementary School★★★★★
HighInterlachen Junior-Senior High School★★★★

School assignments and ratings via edgeAI — always verify with the district.

The numbers that matter

The Melrose market

Seller’s marketLeans buyer13.2 months of inventoryBuyer’s market

$333K$180K

Melrose median sold, yr/yr

91.9%

Sale-to-list ratio (12 mo)

58 of 125

NOT IN SUBDIVISION have cut their price

Median sold price, Melrose, trailing 36 months (3-month rolling) · live MLS data.

This home is listed 149% above the MELROSE 32666 median. See the full Melrose market guide →

Paper trail

This home's history

CurrentPrice reduced to $785,000 $65K
Apr 22, 2026Listed at $849,500 · 93 days on market since
1955Built · NOT IN SUBDIVISION

Reality check

What actually sold near 8386 AUSTIN ROAD

Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.

23225 NW COUNTY RD. 236Sold · Dec ’25

$580,000

23225 NW COUNTY RD. 236 · same community

5 bd · 4 ba · 4,366 sqft · $133/sqft · 146 DOM

308 MARTIN LUTHER KING BOULEVARDSold · Jan ’26

$35,658

308 MARTIN LUTHER KING BOULEVARD · same community

4 bd · 2 ba · 2,712 sqft · $13/sqft · 43 DOM

4510 CINDY ROADSold · Dec ’25

$485,000

4510 CINDY ROAD · same community

4 bd · 4 ba · 2,520 sqft · $192/sqft · 86 DOM

Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.

Your home team

The pros in your corner

Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.

Steeve Cadeau

Your agent

Steeve Cadeau

REALTOR® · CENTURY 21 Edge

Tours, negotiation, and every question about 8386 AUSTIN ROAD — start here.

Andrew Acosta

Your lender

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Pre-approval, rates, and the real monthly number for 8386 AUSTIN ROAD — before you fall in love.

See it in person

Schedule a tour

Pick a day that works — this goes straight to Steeve's phone and CRM.

Goes straight to Steeve’s phone and CRM.

Straight answers

8386 AUSTIN ROAD FAQs

What would the monthly payment be for 8386 AUSTIN ROAD?+

With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $5,202/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.

What are the property taxes on 8386 AUSTIN ROAD?+

The most recent tax bill on record (2025) was $6,136. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.

How does the price compare to other homes in Melrose?+

At $785,000, this home is listed about 98% above the Melrose median of $397,000. The market section on this page shows how the area is trending.

Which schools are assigned to 8386 AUSTIN ROAD?+

Melrose Elementary School (elementary), Interlachen Junior-Senior High School (high) — Putnam County School District. Always verify school assignments with the district before relying on them.

The brief

Three things that matter here

01Positioned at the premium end

$785,000 runs 149% above the MELROSE 32666 median — but at 3,688 sqft it's also nearly twice the size of the typical Melrose listing.

02Waterfront living

This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.

03The price has already moved

Listed at $849,500, now $785,000 — a $65K cut. The full history is in the market section below.

Listing courtesy of HORIZON REALTY OF ALACHUA INC · Joan Sroka. MLS #GC539637.

IDX information is provided exclusively for consumers’ 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 Stellar MLS.

Never miss a listing

New Melrose homes, in your inbox

Like 8386 AUSTIN ROAD but not quite? A daily digest of every new listing in Melrose — straight from the MLS, hours after it goes live. Unsubscribe anytime.

Just watching this one home? Ask Steeve to ping you on any price or status change →

CENTURY 21 Edge
© 2026 CENTURY 21® and the CENTURY 21 Logo are registered service marks owned by Century 21 Real Estate LLC. Sunseria Real Estate Group LLC d/b/a CENTURY 21 Edge fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with, or related to Century 21 Real Estate LLC nor any of its affiliated companies.

MLS® Disclaimers

Stellar MLS / MFRMLSCopyright © MFRMLS.com. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated July 24, 2026 at 11:02 PM UTC. The listing information on this page last changed on July 24, 2026 at 11:02 PM UTC. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MFR MLS. Updated on July 24, 2026 at 11:02 PM UTC.

StellarMLS DMCA Notice: The Digital Millennium Copyright Act of 1998, 17 U.S.C. §512, the DMCA, provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owners behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Southeast Florida MLSCopyright Southeast Florida Multiple Listing Service © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited, is a violation of the terms of use, and may violate federal and state law. Data Last Updated: July 24, 2026 at 11:02 PM UTC.

Space Coast AORThese listings are provided by the IDX Program of Brevard County, Florida. Real Estate listings held by brokerage firms other than CENTURY 21 Edge Central Florida are marked with the IDX Logo and detailed information about them includes the name of the listing brokers. IDX information is provided exclusively for consumers'' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.

Beaches MLSAll information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer''s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.