Lot 2 SE 16TH STREET, MELROSE, FL, 32666
Active130 days on marketListed Mar 28, 2026MLS #GC538635
About this home
Lot 2 SE 16TH STREET
Build your dream home on this approximately 0.23-acre buildable corner lot with canal frontage leading to Lake Santa Fe, offering a great opportunity to create your ideal North Central Florida retreat. Soil testing has been completed—no mounded septic system required, with only approximately 8 inches of fill needed. Setbacks allow 25 feet from the canal, 15 feet from the road, and a 5-foot variance on the sides, giving you flexibility in your build design. Located on a quiet dirt road, this lot does not currently have power, well, or septic in place, allowing you to design and install utilities to your exact specifications. Enjoy access to Lake Santa Fe, a 5,850-acre spring-fed lake known as one of the most stable in Florida, perfect for fishing, boating, wakeboarding, and kayaking. While the canal water level is currently low due to seasonal conditions, it typically provides direct access to one of the area’s most sought-after recreational lakes. This listing is for Lot 2, with contiguous Lot 1 (also approximately 0.23 acres) available separately or together for a combined total of approximately 0.46 acres. Zoned for residential homes only, with possible owner financing available at 20%+ down; survey on file and available upon request.
Facts & features
The home at a glance
0.23 ac
Lot size
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$515 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$515/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Where it sits
Inside Melrose
Get to know Melrose. See the full Melrose guide →
MELROSE 32666 — neighborhood snapshot
Population
5,542
Median age
62.1
Median income
$66,540
Median home value
$206,000
Avg household
2.17
Households w/ children
268
For the school run
Putnam County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Melrose market
$333K → $318K
Melrose median sold, yr/yr
91.6%
Sale-to-list ratio (12 mo)
Median sold price, Melrose, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 86% below the MELROSE 32666 median. See the full Melrose market guide →
Paper trail
This home's history
Reality check
What actually sold near Lot 2 SE 16TH STREET
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Sep ’25$552,000
7925 NE 221ST STREET · same community
2 bd · 2 ba · 1,512 sqft · $365/sqft · 40 DOM
Sold · Nov ’25$547,300
7929 NE 221ST STREET · same community
3 bd · 2 ba · 1,628 sqft · $336/sqft · 95 DOM
Sold · May ’26$159,000
468 SE 18TH STREET
2 bd · 2 ba · 1,156 sqft · $138/sqft · 0 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about Lot 2 SE 16TH STREET — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for Lot 2 SE 16TH STREET — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Straight answers
Lot 2 SE 16TH STREET FAQs
What would the monthly payment be for Lot 2 SE 16TH STREET?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $515/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on Lot 2 SE 16TH STREET?+
The most recent tax bill on record (2025) was $844. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in Melrose?+
At $44,900, this home is listed about 89% below the Melrose median of $409,500. The market section on this page shows how the area is trending.
Which schools are assigned to Lot 2 SE 16TH STREET?+
Melrose Elementary School (elementary), Interlachen Junior-Senior High School (high) — Putnam County School District. Always verify school assignments with the district before relying on them.
The brief
Four things that matter here
01Under the MELROSE 32666 market on paper
$44,900 is 86% below the MELROSE 32666 median of $330,000.
02Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
03Time on market is leverage
130 days on market against a Melrose median of 54 — sellers in this position are usually ready to negotiate.
04The price has already moved
Listed at $49,900, now $44,900 — a $5K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of CENTURY 21 LAKESIDE REALTY · Trey Fields, III. MLS #GC538635.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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