1 / 47

Pending

Pending·68 days on market

8166 Alderman Road

Melrose, FL 32666

$595,000$210/sqftEst. $3,034/moMLS# 2145641

Beds

Baths

2,839

Sq Ft

1978

Built

Garage

Pool

About this home

Melrose

Welcome to lakefront living on Lake Geneva! 3 bed, 4 bath home offers over 2800 sq feet with an additional office that could easily be a 4th bedroom. Upstairs flex room that doubles as a laundry room or second office. Step inside to an inviting layout with large windows from the living room and kitchen that showcase beautiful views of Lake Geneva. A double-sided fireplace. Private balcony provides the perfect spot to relax and enjoy your morning coffee or evening sunsets. Upstairs you will find spacious bedrooms, a private owners suite, bonus office/laundry room and extra storage. A two-car garage provides room for vehicles and lake equipment. A shed with electric, and a carport cover for your boat or lake toys. The property also includes a dock and floating dock. A picnic table and swing convey with the home and are located on the dock. A fenced recreation court measuring adds more outdoor entertainment and would make perfect pickle ball court! Please see survey in document section.

Cost to own

Mortgage calculator

Home Price

$595,000

Down Payment: 20%

$119,000

Interest Rate: 6.58%

Loan Term

Monthly Payment

$3,034

Principal & Interest: $3,034

Property taxes (est.): $912

Insurance (est.): $397

Estimated Total Monthly

$4,342

*30-year loan at 6.58% APR (avg 30-yr rate 2026-07-23, Freddie Mac PMMS via FRED). Taxes use the county effective rate; insurance is a rough estimate — Florida premiums swing with roof age and flood zone (see the Reality Check). Actual costs may vary.

Cost to own

True monthly cost

What this home actually costs per month at the asking price — not just the mortgage.

Principal & interest20% down · 6.58% · 30yr$3,034

Property taxesest. at asking price, Clay County$912

Estimated total, before insurance$3,946/mo

Seller’s 2025 tax billper the MLS — includes any CDD / assessments$4,267/yr · $356/mo

• 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).

Cost to own

Taxes & assessment

Year	Market value	Taxable value	Change
2025	$591,684	$245,731	—
2024	$569,665	$238,099	—
2023	$530,045	$229,708	—
2022	$460,283	$221,562	—
2021	$357,879	$213,653	—
2020	$348,958	$210,013	—

2025 property taxes (current owner): $4,267/yr

Estimated taxes if purchased at asking price: ~$10,900/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. Estimate uses the median effective rate across 792 current Clay listings and includes typical non-ad-valorem assessments; actual taxes depend on exemptions and taxing district. Sources: Florida DOR certified tax roll (2025), NEFMLS.

Storms & insurance

Florida Reality Check

The storm-and-insurance facts every Florida buyer should know up front.

Flood zone not yet determined

Check the exact parcel at msc.fema.gov or ask Krista to pull it.

Flood damage is not covered by standard homeowners insurance — it’s always a separate policy.

Evacuation zone not yet determined

Check floridadisaster.org/knowyourzone.

Roof: Metal — year not disclosed (home built 1978)

Roof age drives Florida insurance pricing more than anything else — worth confirming before you offer.

Solar potential: ~1,353 usable sun-hours per year

Moderate solar exposure — shade or roof orientation limits panel output here.

Krista can connect you with local insurance quotes before you make an offer.

Ask about this home

This Reality Check is informational only — it draws on FEMA/FDEM hazard layers, Florida DOH water records, and the listing’s own fields at this property’s coordinates. None of it is a determination, survey, or inspection, and public records can lag or conflict with on-site conditions. Independently verify anything you’ll rely on: the flood zone at msc.fema.gov and floridadisaster.org/knowyourzone (and confirm flood-insurance cost with your lender and a licensed insurance agent), and the sewer/septic, roof, and utilities with a professional inspection.