261 ASHLEY LAKE DRIVE, MELROSE, FL, 32666
Active37 days on marketListed Jun 26, 2026MLS #GC541476
About this home
261 ASHLEY LAKE DRIVE
RARE opportunity to own one of the last remaining lakefront lots in Melrose! This beautiful 1.5-acre buildable homesite is tucked away in the desirable Ashley Lake Plantation community, offering peaceful waterfront living with approximately 103 feet of a spring-fed lake frontage. Located adjacent to one of two community parks, the property provides both privacy and convenience to Gainesville, Palatka, and Jacksonville. The second community park boost a pavilion for friends and family gatherings and boat ramp access. The lot has already been cleared and improved with new asphalt driveway and a private gated entrance, electric pole, 2021 Deep Rock Well with upgraded 4" stainless steel piping plus 2021 Water Right Impression Series Water Softener System, 2021 in-ground septic tank and drain field, extensive fill dirt with a 40' X 90' dirt house pad, all helping to reduce preparation costs for your future home. Whether you're ready to build now or invest for the future, this exceptional property offers the perfect setting to create your dream lakeside retreat.
Facts & features
The home at a glance
1.51 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 and the real association fee — not generic estimates.
$882 /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
$882/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 → $180K
Melrose median sold, yr/yr
91.9%
Sale-to-list ratio (12 mo)
Median sold price, Melrose, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 70% below the MELROSE 32666 median. See the full Melrose market guide →
Paper trail
This home's history
Reality check
What actually sold near 261 ASHLEY LAKE DRIVE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Oct ’25$175,900
120 BLACKBERRY DRIVE · same community
3 bd · 2 ba · 1,667 sqft · $106/sqft · 78 DOM
Sold · Nov ’25$389,000
113 ASHLEY LAKE DRIVE · same community
4 bd · 3 ba · 1,953 sqft · $199/sqft · 10 DOM
Sold · Sep ’25$135,000
121 PEARSALL CIRCLE
1 bd · 1 ba · 732 sqft · $184/sqft · 23 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 261 ASHLEY LAKE DRIVE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 261 ASHLEY LAKE DRIVE — 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
261 ASHLEY LAKE DRIVE FAQs
What would the monthly payment be for 261 ASHLEY LAKE DRIVE?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $882/mo — principal and interest, the actual property-tax bill, the $3/mo association fee 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.
How much are the HOA fees at 261 ASHLEY LAKE DRIVE?+
The association fee works out to $3 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 261 ASHLEY LAKE DRIVE?+
The most recent tax bill on record (2025) was $1,190. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 261 ASHLEY LAKE DRIVE?+
The listing reports pets: Yes. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Melrose?+
At $98,000, this home is listed about 75% below the Melrose median of $397,000. The market section on this page shows how the area is trending.
Which schools are assigned to 261 ASHLEY LAKE DRIVE?+
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.
Keep looking
Similar homes nearby
Listing courtesy of BOSSHARDT REALTY SERVICES LLC. MLS #GC541476.
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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