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Active·14 days on market

8443 Lily Lake Road

Melrose, FL 32666

$495,000$271/sqftEst. $2,553/moMLS# 2156999

Beds

Baths

1,824

Sq Ft

1985

Built

—

Garage

Pool

About this home

Melrose

Welcome to Lilly Lake, where peaceful lakefront living meets stylish modern comfort. Nestled on the crystal-clear, spring-fed waters, this fully upgraded 3-bedroom, 2-bath home offers the perfect retreat from the hustle and bustle of city life. Step inside to a bright, sun-filled interior featuring luxury vinyl flooring throughout, a cozy wood burning fireplace, and tasteful designer finishes that create a warm yet elegant atmosphere. Every detail has been thoughtfully updated, making this home truly move-in ready. The outdoor living space is just as impressive. A spacious lakefront deck provides the perfect setting for entertaining guests, enjoying morning coffee, or simply taking in the breathtaking views. Down by the water, you'll find your own private boat ramp, boat lift, and an elevated sitting area-ideal for watching sunsets or relaxing by the lake. If you've been dreaming of peaceful waterfront living with modern upgrades and year-round recreation, this is the perfect home.

Cost to own

Mortgage calculator

Home Price

$495,000

Down Payment: 20%

$99,000

Interest Rate: 6.69%

Loan Term

Monthly Payment

$2,553

Principal & Interest: $2,553

Property taxes (est.): $759

Insurance (est.): $330

Estimated Total Monthly

$3,641

*30-year loan at 6.69% APR (avg 30-yr rate 2026-08-06, 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 · 6.69% · 30yr$2,553

Property taxesest. at asking price, Clay County$759

Estimated total, before insurance$3,311/mo

Seller’s 2025 tax billper the MLS — includes any CDD / assessments$4,494/yr · $375/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): $4,494/yr

Estimated taxes if purchased at asking price: ~$9,100/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, NEFMLS.

Storms & insurance

Florida Reality Check

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

Zone X — minimal flood hazard

Flood insurance is typically not required by lenders (always optional).

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: material not specified — 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: ~1,744 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