Active·11 days on market
135 Ashley Lake Drive
Melrose, FL 32666
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Call (904) 709-7917 Text Krista
Krista Fracke, Broker Associate. You'll hear back from me directly, not from a call center.
About this home
Melrose
Lakefront living with built-in income! Well-maintained home on a landscaped 1.19-acre, high-and-dry lot just minutes from downtown historic Melrose. 3 bedrooms, 3 full bathrooms (main residence is 2 bed / 2 bath, apartment is 1 bed / 1 bath), tons of storage, and an expansive screened lakefront lanai with inset hot tub! There is also a 900 sqft semi-finished basement with drywall, electrical, and plumbing. Use it for massive storage, finish it into a private office space or game room, etc. Separate built-in storage for a lawn mower or tools, plus a 1-car garage and ample driveway parking. A full efficiency apartment with kitchen, full bathroom, and laundry is currently rented for almost $1,000/mo on a month-to-month lease. Perfect passive income, in-law suite, or guesthouse. All of this in a prime location less than 30 minutes to Gainesville or Palatka and just 5 minutes from the almost 6,000-acre Lake Santa Fe public boat ramp! Welcome Home!
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
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: Metal — year not disclosed (home built 1990)
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: ~1,781 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 homeAs of October 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): $2,556/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
- Sep 30, 2026Listed$399,900
History tracked by kristafracke.com from the live MLS feed. Earlier changes may predate tracking.
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 $220/sq ft; this home is listed at $180/sq ft.
| Address | Closed | Price | $/sq ft | Bd/Ba | Sq ft | DOM | Miles |
|---|---|---|---|---|---|---|---|
| 120 Ashley Lake Drive, Melrose, FL 32666Listed by FLORIDA HOMES REALTY & MTG LLC | Aug 2026 | $380,000 | $220 | 2/2 | 1,727 | 259 | 0.1 |
| 129 Crystal Lake Drive, Melrose, FL 32666Listed by CENTURY 21 LAKESIDE REALTY | Sep 2026 | $235,000 | $109 | 4/3 | 2,150 | 137 | 0.8 |
| 101 Pine Tree Lane, Melrose, FL 32666Listed by FLORIDA HOMES REALTY & MTG LLC | Sep 2025 | $240,000 | $130 | 3/3 | 1,850 | 10 | 1.7 |
| 6192 County Rd 219, Melrose, FL 32666Listed by COLDWELL BANKER BEN BATES INC | Dec 2025 | $615,000 | $254 | 4/3 | 2,418 | 259 | 2.1 |
| 240 Swan Lake Drive, Melrose, FL 32666Listed by COLDWELL BANKER BEN BATES INC | Aug 2026 | $427,500 | $226 | 3/2 | 1,890 | 31 | 2.7 |
| 251 Swan Lake Drive, Melrose, FL 32666Listed by RIVER CITY RENTALS AND REALTY | Sep 2026 | $367,000 | $184 | 3/2 | 2,000 | 26 | 2.8 |
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
Exterior
Additional Information
Listing Courtesy of: EPIQUE REALTY, INC
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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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.
Text Krista about this home20+ years · 500+ closings · NE Florida
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MLS rules keep sold prices off public sites — ask Krista and she'll email you recent sales for this area.
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