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Sold·Closed Sep 5, 2025·13 days on market
121 Pearsall Circle
Melrose, FL 32666
About this home
Melrose
Charming Tiny Home in Historic Melrose! Embrace minimalist living in this cozy studio home, nestled on over an acre of serene land, just a short walk from the heart of historic Melrose. Perfect for those seeking simplicity and charm, this efficient retreat offers modern comforts in a compact footprint. This home features real wood floors, fireplace and a real port hole for a window! This home is full of character. The expansive lot provides ample space for gardening, relaxation, or future expansion. Located minutes from SR 21 and SR 26, you're steps away from Melrose's vibrant community, local shops, and dining. Ideal for first-time buyers or investors seeking a unique property in North Florida's hidden gem. Don't miss this rare opportunity to own a slice of paradise!
Cost to own
True monthly cost
What this home actually costs per month at the asking price — not just the mortgage.
- • Homeowners insurance is on top — in Florida it varies widely with roof age and wind/flood zone (see the Reality Check below). Budget it before you offer.
- • In CDD communities (Nocatee, eTown, Seven Pines…), bond assessments are collected on the property-tax bill, and the amount varies home to home — a prior owner may have prepaid the bond — so we confirm this home’s exact line rather than trust a community average.
- • Taxes are estimated at YOUR purchase price — Florida assessments reset on sale, so the seller’s current bill is usually lower than yours will be (that applies to the reference bill above too).
Mortgage calculator — adjust rate & down payment
Cost to own
Mortgage calculator
Around this address
Nearby, from public data
The closest public beach, park, water access and league fields from this home's location.
Closest park or preserve
Mike Roess Gold Head Branch State Parkabout 10 mi · 13 mi of trails
Closest public boat ramp
Camp Blanding FMA – Magnolia Lake Boat Ramp (Saturday & Sunday Mornings Only)about 7 mi · Magnolia Lake
Closest kayak & paddleboard launch
Mike Roess Goldhead Brach State Park Canoe Beach (Long Portage)about 9 mi · Little Lake Johnson
Not from the MLS. Places from FWC, FDEP, the water districts, the counties and the cities; distances are straight-line from this home unless a drive time is shown. Fees, hours and access change, so check the agency’s page before you go.
Cost to own
Taxes & assessment
2024 property taxes (current owner): $1,638/yr
Florida’s Save Our Homes cap limits how fast the current owner’s assessment can rise — and it resets when a home sells, so a buyer’s tax bill is typically based on the purchase price, not the seller’s bill above. Sources: Florida DOR certified tax roll, NEFMLS.
Closed sales
What sold nearby
Closed sales within about two miles in the last 18 months, same property type, similar size. Closed prices from the MLS, not estimates. Their median is $162/sq ft; this home is listed at $202/sq ft.
| Address | Closed | Price | $/sq ft | Bd/Ba | Sq ft | DOM | Miles |
|---|---|---|---|---|---|---|---|
| 556 County Road 219, Melrose, FL 32666Listed by CENTURY 21 LAKESIDE REALTY | Feb 2026 | $149,900 | $162 | 2/2 | 924 | 4 | 1 |
| 115 Country Living Circle, Melrose, FL 32666Listed by CENTURY 21 LAKESIDE REALTY | Oct 2025 | $103,020 | $131 | 2/1 | 784 | 166 | 1.7 |
| 109 Mason Road, Melrose, FL 32666Listed by TREVOR WATERS REALTY, INC. | May 2025 | $190,000 | $264 | 2/1 | 720 | 10 | 2 |
| 8180 Melrose Road, Melrose, FL 32666Listed by CB ISAAC REALTY | Oct 2025 | $130,000 | $141 | 3/2 | 924 | 17 | 2.4 |
| 128 Serenity Drive, Melrose, FL 32666Listed by COLDWELL BANKER VANGUARD REALTY | Jan 2026 | $219,000 | $235 | 2/2 | 930 | 8 | 2.5 |
Sold data from the realMLS IDX feed. A closed price is what a buyer paid, not what this home is worth; Krista runs the adjustments per home.
Features
Community Information
Amenities
Interior
Additional Information
Listing Courtesy of: TREVOR WATERS REALTY, INC.
Sold by: TREVOR WATERS REALTY, INC. (buyer's brokerage)
Information deemed reliable but not guaranteed. Data provided through the IDX program of realMLS (Northeast Florida Multiple Listing Service). © 2026 Northeast Florida Multiple Listing Service, Inc. All rights reserved.
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Your Local Realtor
Krista Fracke
Broker Associate
This home sold on Sep 5, 2025. If you own nearby and want to know what this sale means for your value, or you're shopping this street, I can walk you through it.
Text Krista about this saleHomes for sale nearby →20+ years · 500+ closings · NE Florida
Is this home priced right?
Ask Krista and she'll email you her read on how this price compares with recent sales nearby.
Northeast Florida living
Ponte Vedra Beach · St. Johns County · Nocatee · eTown & Seven Pines