$849,500
8386 Austin Road Melrose, FL 32666 - LAKE LILY
For Sale MLS# GC539637
5 beds 3 baths 3,688 sq ft Single Family
Details for 8386 Austin Road
MLS# GC539637
Description for 8386 Austin Road, Melrose, FL, 32666 - LAKE LILY
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. 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.
Listing Information
Property Type: Residential, Single Family Residence
Status: Active
Bedrooms: 5
Bathrooms: 3
Lot Size: 1.48 Acres
Square Feet: 3,688 sq ft
Year Built: 1955
Stories: 2 Story
Construction: Concrete
Subdivision: Not In Subdivision
Foundation: Crawlspace
County: Clay
Room Information
Main Floor
Kitchen:
Primary Bathroom:
Primary Bedroom:
Dining Room:
Living Room:
Bathrooms
Full Baths: 3
Additonal Room Information
Laundry: Laundry Room
Interior Features
Appliances: Exhaust Fan, Convection Oven, Range, Refrigerator, Washer, Cooktop, Dishwasher, Dryer, Electric Water Heater, Gas Water Heater, Range Hood
Flooring: Carpet,Ceramic Tile,Luxury Vinyl,Tile,Wood
Basement: Crawl Space
Doors/Windows: Insulated Windows
Fireplaces: Gas
Additional Interior Features: Ceiling Fan(s), Crown Molding, Main Level Primary, Upper Level Primary, Built-in Features, Open Floorplan
Utilities
Water: Well
Sewer: Septic Tank
Other Utilities: Electricity Connected,Propane,Underground Utilities
Cooling: Ceiling Fan(s), Central Air, Ductless
Heating: Wall Furnace, Window Unit, Electric, Central
Exterior / Lot Features
Parking Description: Open, driveway, Converted Garage
Roof: Shingle
Lot View: Lake,Water
Lot Dimensions: 87x740
Fencing: fenced, Wire, Wood
Additional Exterior/Lot Features: Rain Gutters, Private Yard, Private Entrance, Sprinkler/Irrigation, Garden, Playground, Storage, Lighting, Screened, Patio, Covered, Deck, Front Porch, Rear Porch, Private, Landscaped, Oversized Lot, Outside City Limits
Out Buildings: Guest House, Workshop, Storage, Shed(s)
Waterfront Details
Standard Water Body: LAKE LILY
Water Front Features: Lake Privileges, Lake Front
Driving Directions
From the intersection of SR 26 in Melrose go east on SR 26 and turn left onto Hwy 219 and then left on Neale Rd then left onto Austin Rd to home at address on the left - follow the driveway to where it splits and go to the right and follow to the home
Financial Considerations
Terms: Cash,Conventional,FHA,VA Loan
Tax/Property ID: 05-09-23-005426-000-00
Tax Amount: 6136.14
Tax Year: 2025
A broker reciprocity listing courtesy: HORIZON REALTY OF ALACHUA INC
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Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 8386 Austin Road
Sales History
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Tax Summary
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Schools
Schools nearby 8386 Austin Road
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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