This home is in Atlantic Shores, Melrose.

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Active

Active·16 days on market·Atlantic Shores

121 Serena Circle

Melrose, FL 32666

$290,000$220/sqftEst. $1,479/moMLS# 2154364

Beds

Baths

1,318

Sq Ft

1985

Built

Garage

Pool

About this home

Atlantic Shores

Looking for a carefree lifestyle in the peaceful Melrose area? This beautifully updated 2-bedroom, 2-bath concrete block home sits on 2 mostly cleared acres with major improvements already completed. Updates include a new HVAC system, new roof on the home (2023), new roof on the detached two-story Tudor-style garage, new appliances, well pump, water heater, porcelain tile and flooring, plumbing fixtures, and new electrical wiring throughout the detached garage. The septic was pumped and inspected in late 2023. Enjoy the large concrete patio, perfect for entertaining. The detached garage offers endless possibilities as a workshop, home office, guest space, or she shed, while the attached garage could be converted into a 3rd bedroom. A private driveway, seasonal Lake, and peaceful setting complete the property. Conveniently located about 20 miles from Gainesville and 25 miles from Palatka, with shops, restaurants, and everyday conveniences nearby.

Cost to own

Mortgage calculator

Home Price

$290,000

Down Payment: 20%

$58,000

Interest Rate: 6.58%

Loan Term

Monthly Payment

$1,479

Principal & Interest: $1,479

Insurance (est.): $193

Estimated Total Monthly

$1,672

*30-year loan at 6.58% APR (avg 30-yr rate 2026-07-23, Freddie Mac PMMS via FRED). Taxes vary by county; 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$1,479

Estimated total, before insurance$1,479/mo

Seller’s 2025 tax billper the MLS — includes any CDD / assessments$3,196/yr · $266/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

2025 property taxes (current owner): $3,196/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.

Storms & insurance

Florida Reality Check

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

Zone A — high-risk flood zone (Special Flood Hazard Area)

Lenders require flood insurance for financed purchases here.

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

Outside all hurricane evacuation zones

This location is not in a designated storm-surge evacuation zone.

Roof: Shingle — year not disclosed (home built 1985)

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

Likely septic · Private well (public record)

County records indicate an onsite septic system — budget a septic inspection before closing (typically $300–$500) and expect pump-outs every 3–5 years.

Source: Florida DOH Water Management Inventory (public record).

Solar potential: ~1,696 usable sun-hours per year

A strong solar roof by Florida standards — worth pricing panels if energy bills matter to you.

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

Ask about this home

As of July 2026, 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.

History