$390,000
Melrose, FL 32666
MLS# 2125184
3 beds | 2 baths
1 / 50
Property Description
Lakefront living with active income cash flow! This well-maintained home sits on a landscaped 1.19-acre high and dry lot in a quiet neighborhood just minutes from downtown historic Melrose. 3 beds, 3 full baths (main residence is 2 beds / 2 full baths), an open flow, tons of storage, and a fully screened patio w/ hot tub. Additionally, there is a 900-sqft semi-finished basement with drywall, electrical, and plumbing. Use it for massive storage, finish into a private office space, etc. Separate storage area for lawn mowers and yard tools plus a 1-car garage and ample additional driveway parking. A full efficiency apartment with kitchen and full bathroom is currently rented for almost $1,000/MO on a short-term lease. Perfect for passive income, the perfect in-law suite, or a guesthouse. All of this in a prime location less than 30 minutes to Gainesville and just 5 minutes up the road to the almost 6,000-acre Lake Sante Fe public boat launch! Seller financing possible. Welcome Home!
Details
Maps
Documents
Contract Information
Current Price: $390,000
List Price: $390,000
Status: Active
Listing Contract Date: 2026-01-15
Property Sub Type: Duplex
Location Tax and Legal
Street Number: 135
Street Name: ASHLEY LAKE
Street Suffix: Drive
County: Putnam
State: FL
Postal Code: 32666
Subdivision Name: Ashley Lake Plantata
MLS Area Major: 574-Interlachen-NW
General Property Information
Number Of Buildings: 1
Number Of Units Total: 2
Bedrooms Total: 3
Bathrooms Total: 2
Bathrooms Full: 2
Living Area: 2220
Living Area Source: Assessor
Accessibility Features YN: No
New Construction YN: No
Year Built: 1990
Garage YN: Yes
Garage Spaces: 1
Carport YN: No
Lot Size Acres: 1.19
Association YN: Yes
Association Fee: 100
Association Fee Frequency: Annually
Association Name: Ashley Lake Plantation
CDD Fee YN: No
Pool Private YN: No
Water Body Access YN: Yes
Waterfront YN: Yes
Stories Total: 1
Entry Level: 1
Directions: From FL-26, turn onto Ashley Lake Dr. In 0.2 of a mile, keep left to continue on Ashley Lake Dr. In 0.4 of a mile, home will be on the right.
Public Remarks: Lakefront living with active income cash flow! This well-maintained home sits on a landscaped 1.19-acre high and dry lot in a quiet neighborhood just minutes from downtown historic Melrose. 3 beds, 3 full baths (main residence is 2 beds / 2 full baths), an open flow, tons of storage, and a fully screened patio w/ hot tub. Additionally, there is a 900-sqft semi-finished basement with drywall, electrical, and plumbing. Use it for massive storage, finish into a private office space, etc. Separate storage area for lawn mowers and yard tools plus a 1-car garage and ample additional driveway parking. A full efficiency apartment with kitchen and full bathroom is currently rented for almost $1,000/MO on a short-term lease. Perfect for passive income, the perfect in-law suite, or a guesthouse. All of this in a prime location less than 30 minutes to Gainesville and just 5 minutes up the road to the almost 6,000-acre Lake Sante Fe public boat launch! Seller financing possible. Welcome Home!
List Price/SqFt: 175.68
Status Change Information
Major Change Timestamp: 2026-05-06T12:10:02Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-05-06T12:10:02Z
Currently Not Used
Property Attached YN: No
yn11: Yes
Income and Expenses
Gross Income: 11760
Unit 1 Details
Unit ID: 1
Actual Rent: 980
Unit SqFt: 500
Beds Total: 1
Furnished: Partially
Unit Remarks: 6 Month lease with 30-day notice.
Unit 2 Details
Unit ID: 2
Unit SqFt: 1720
Beds Total: 2
Full Baths Total: 2
Furnished: Unfurnished
Unit Remarks: Current Primary Residence
Property Features
Appliances: Dishwasher; Disposal; Electric Range; Microwave; Refrigerator
Association Amenities: Park; Playground
Cooling: Central Air
Current Use: Single Family
Heating: Central
Income Includes: Rent Only
Laundry Features: In Unit
Levels: One
Listing Terms: Cash; Conventional; FHA; Owner May Carry; VA Loan
Lot Features: Cleared
Other Structures: Gazebo
Owner Pays: Association Fees; Electricity; Sewer; Water
Parking Features: Additional Parking; Garage; Off Street
Possession: Close Of Escrow
Road Frontage Type: County Road
Road Surface Type: Asphalt
Roof: Metal
Sewer: Septic Tank
Tenant Pays: None
Utilities: Cable Connected; Electricity Connected; Sewer Connected; Water Connected
View: Lake; Water
Water Source: Well
Water Body Access Type: Owned
Waterfront Features: Lake Front
Ashley Lake HOA Covenants 
Listing Office: EPIQUE REALTY, INC
Last Updated: May - 06 - 2026
Information deemed reliable but not guaranteed.