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Active

Active·64 days on market

298 SE 5th Avenue

Melrose, FL 32666

$1,349,000$401/sqftEst. $7,144/moMLS# 2156281
3
Beds
3
Baths
3,360
Sq Ft
1988
Built
Garage
No
Pool
FEMA Zone AENo HOA0.43 acresWaterfrontSingle Family Residence3 stories

About this home

Melrose

BRING EVERYONE. Some lake houses are beautiful. Some are built for entertaining. Very few are designed to do both exceptionally well. Set on approximately 100 feet of Lake Santa Fe waterfront, this beautifully updated 3,360-square-foot home was made for gathering--the kind of place where family and friends arrive for the weekend and nobody wants to leave. With a private dock and boat lift, expansive lake views, an open kitchen, dining and living area, indoor/outdoor see-through fireplace, dedicated lake-house entertainment lounge, loft, library with hidden Murphy bed, and comfortable sleeping accommodations for up to 12 guests, this is more than a waterfront home. It's the place where your family gathers. Spend the day on the lake. Come home to the pool table and wet bar. Open a bottle of wine. Gather around the fireplace. And end the day watching the sun disappear over Lake Santa Fe from your own dock. This is Lake Santa Fe living at it's most memorable.

Cost to own

True monthly cost

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

Principal & interest20% down · 6.95% · 30yr$7,144
Estimated total, before insurance$7,144/mo
Seller’s 2025 tax billper the MLS — includes any CDD / assessments$7,469/yr · $622/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).
Mortgage calculator — adjust rate & down payment

Cost to own

Mortgage calculator

$1,349,000
$269,800
Loan Term
Monthly Payment
$7,144
Principal & Interest: $7,144
Insurance (est.): $899
Estimated Total Monthly
$8,043
*30-year loan at 6.95% APR (avg 30-yr rate 2026-09-17, 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.

Storms & insurance

Florida Reality Check

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

Zone AE — 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 1988)

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

Solar potential: ~1,018 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

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.

Cost to own

Taxes & assessment

2025 property taxes (current owner): $7,469/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.

History

Price & status history

  • Jul 20, 2026Listed$1,349,000

History tracked by kristafracke.com from the live MLS feed. Earlier changes may predate tracking.

Features

Price$1,349,000
Price / Sq Ft$401
Bedrooms3
Bathrooms3.00
Full Baths3
Square Footage3,360
Total Structure Area5,513 sq ft
Acres0.43 acres
Year Built1988
TypeResidential
Sub-TypeSingle Family Residence
StyleTraditional
Property ConditionUpdated/Remodeled
StatusActive
# of Carport Spaces1
Has PoolNo
Is WaterfrontYes
Direction FacesWest

School Information

ElementaryBradford
MiddleBradford
HighBradford

Community Information

Address298 SE 5th Avenue, Melrose, FL 32666
Area523-Bradford County-SE
SubdivisionSeminole Ridge 5
CityMelrose
CountyBradford
StateFL
Zip Code32666
Lot Size18,730.8 sq ft
Parcel Number06230C00900
ZoningResidential

Amenities

UtilitiesCable Available, Electricity Connected, Propane
SewerSeptic Tank
Water SourcePublic
ParkingAttached, Carport, Covered, Shared Driveway
ViewLake, Trees/Woods
Waterfront TypeLake Front

Interior

Interior FeaturesBreakfast Bar, Eat-in Kitchen, Kitchen Island, Open Floorplan, Primary Bathroom - Shower No Tub, Primary Bathroom -Tub with Separate Shower, Vaulted Ceiling(s), Walk-In Closet(s), Wet Bar
AppliancesDishwasher, Gas Cooktop, Ice Maker, Microwave, Refrigerator, Wine Cooler
HeatingCentral, Zoned
CoolingCentral Air
FlooringWood
FireplaceYes
# of Fireplaces1
Fireplace FeaturesDouble Sided, Gas, Outside
# of Stories3
LevelsThree Or More
LaundryLower Level
Spa FeaturesBath

Exterior

Exterior FeaturesBoat Lift, Dock, Fire Pit
Lot DescriptionSprinklers In Front, Sprinklers In Rear
Patio / PorchAwning(s), Covered, Deck, Porch, Rear Porch, Screened
RoofShingle
ConstructionFiber Cement
Other StructuresBoat House, Shed(s)
Road SurfacePaved
Road FrontageCity Street

Additional Information

Date ListedJuly 20, 2026
Days on Market50
Tax Amount$7,469
Tax Year2025
Listing TermsCash, Conventional, FHA, VA Loan
55+ CommunityNo
New ConstructionNo

Listing Courtesy of: CB ISAAC REALTY · santafesvsmith@gmail.com

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.

Your Local Realtor

Krista Fracke - Broker Associate

Krista Fracke

Broker Associate

Interested in this home? I know this area inside and out — let's talk about whether it's the right fit for you.

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20+ years · 500+ closings · NE Florida

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