298 SE 5TH AVENUE, MELROSE, FL, 32666
Active11 days on marketListed Jul 22, 2026MLS #GC542147
About this home
298 SE 5TH AVENUE
This exceptional lakefront retreat offers the perfect setting to create lasting memories on beautiful Lake Santa Fe-widely regarded as one of Florida's finest natural spring-fed lakes. The updated 3,360sf home combines spacious accommodations with thoughtfully designed amenities, making it ideal for both relaxing getaways and lively gatherings. Inside, you'll find 3 bedrooms and 3 baths along with a loft that sleeps four guests and a Murphy bed in the library, comfortably accommodating up to 12 guests in beds. A stunning open-concept living space that seamlessly blends the custom kitchen, dining, and living areas. This inviting space features expansive lake views, direct access to the upper deck, and a striking see-through fireplace that connects indoors with the outdoor living area. A versatile library/office overlooking the large backyard and Lake Santa Fe, complete with a cleverly concealed Murphy Bed tucked behind custom bookcases. An impressive entertainment room perfect for unwinding or hosting, featuring a large sectional sofa, pool table, custom fishing pole storage cabinet, wet bar, and a EuroCave wine cooler. Step outside and enjoy the property's generous 100 ft wide lakefront lot, complete with a private dock and boat lift for easy access to the water. Whether you're boating, fishing, or simply relaxing by the shore, the outdoor space offers endless opportunities for enjoyment. Wildlife is abundant, and breathtaking sunsets can be enjoyed year-round from your dock, creating a peaceful and picturesque backdrop to your stay. Whether you're gathering with family, hosting friends, or savoring the tranquility of lakefront living, this home provides an unforgettable setting on Lake Santa Fe.
Facts & features
The home at a glance
3
Bedrooms
3
Bathrooms
3,360
Sqft
0.77 ac
Lot size
1988
Year built
Multi/Split
Levels
$401
Per sqft
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.
$8,567 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
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
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$8,567/mo
Includes estimated PMI — it drops off once you reach 20% equity. 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.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
$/sqft vs Melrose actives
$401 vs $259
Days on market
11 vs 57 typical
Where $401/sqft sits among the 42 Melrose actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
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)
21 of 42
Melrose actives have cut their price
Median sold price, Melrose, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 309% above the MELROSE 32666 median. See the full Melrose market guide →
Paper trail
This home's history
Reality check
What actually sold near 298 SE 5TH AVENUE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Nov ’25$1,400,000
719 SEMINOLE RIDGE ROAD
2 bd · 2.5 ba · 3,123 sqft · $448/sqft · 6 DOM
Sold · Mar ’26$375,000
5710 TROUT STREET
3 bd · 3 ba · 3,099 sqft · $121/sqft · 86 DOM
Sold · Apr ’26$510,000
23915 NE STATE RD 26
4 bd · 2 ba · 2,120 sqft · $241/sqft · 90 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 298 SE 5TH AVENUE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 298 SE 5TH AVENUE — 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
298 SE 5TH AVENUE FAQs
What would the monthly payment be for 298 SE 5TH AVENUE?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $8,567/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 298 SE 5TH AVENUE?+
The most recent tax bill on record (2025) was $7,469. 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 $1,349,000, this home is listed about 240% above the Melrose median of $397,000. The market section on this page shows how the area is trending.
Which schools are assigned to 298 SE 5TH AVENUE?+
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 CB ISAAC REALTY · Ronald Blake. MLS #GC542147.
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.
Never miss a listing
New Melrose homes, in your inbox
Like 298 SE 5TH AVENUE but not quite? A daily digest of every new listing in Melrose — straight from the MLS, hours after it goes live. Unsubscribe anytime.
Just watching this one home? Ask David to ping you on any price or status change →