1496 MELROSE STREET, LAKE ALFRED, FL, 33850
Active150 days on marketListed Mar 12, 2026MLS #L4960218
About this home
1496 MELROSE STREET
New construction LAKE FRONT home with 1878 square feet on one-story including 3 bedrooms plus den, 2 baths, and an open living area. Enjoy an open kitchen with Quartz countertops, Samsung stainless steel appliances, a walk-in pantry, and a spacious island, fully open to the dining café and gathering room. The living area, laundry room, and baths include luxury wood vinyl plank flooring, with stain-resistant carpet in the bedrooms. Your owner's suite is complete with a walk-in wardrobe and a private en-suite bath with dual vanities, a tiled shower, garden tub, and a closeted toilet. Plus, enjoy a covered lanai, 2-car garage, custom-fit window blinds, architectural shingles, energy-efficient insulation and windows, and a full builder warranty. ***Please note - Virtual Tour/Photos showcases the home layout; colors and design options in actual home for sale may differ. Furnishings and décor do not convey!
Facts & features
The home at a glance
3
Bedrooms
2
Bathrooms
1,878
Sqft
0.19 ac
Lot size
2
Garage
2025
Year built
One
Levels
$213
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 and the real association fee — not generic estimates.
$2,734 /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
$3,101/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Estimates only — taxes at 1.1%/yr and typical insurance; 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.
vs edgeAI estimate
−2.3%
$/sqft vs THE LAKES
$213 vs $205
Days on market
150 vs 56 typical
Where $213/sqft sits among the 18 homes for sale in THE LAKES
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 Lake Alfred
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Lake Alfred. See the full Lake Alfred guide →
LAKE ALFRED 33850 — neighborhood snapshot
Population
9,825
Median age
43.5
Median income
$53,877
Median home value
$215,700
Avg household
2.49
Households w/ children
1,055
For the school run
Polk County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Lake Alfred market
$311K → $349K
Lake Alfred median sold, yr/yr
98.4%
Sale-to-list ratio (12 mo)
10 of 18
THE LAKES have cut their price
Median sold price, Lake Alfred, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 23% above the LAKE ALFRED 33850 median. See the full Lake Alfred market guide →
Paper trail
This home's history
Reality check
What actually sold near 1496 MELROSE STREET
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Jul ’26$375,490
409 GALLOWAY STREET · same community
4 bd · 2.5 ba · 2,029 sqft · $185/sqft · 0 DOM
Sold · Mar ’26$372,500
1360 MELROSE STREET · same community
4 bd · 2.5 ba · 2,029 sqft · $184/sqft · 0 DOM
Sold · Apr ’26$375,260
1364 MELROSE STREET · same community
4 bd · 3 ba · 2,109 sqft · $178/sqft · 78 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 1496 MELROSE STREET — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 1496 MELROSE 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
1496 MELROSE STREET FAQs
What would the monthly payment be for 1496 MELROSE STREET?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $2,734/mo — principal and interest, estimated property taxes, the $43/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 1496 MELROSE STREET?+
The association fee works out to $43 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 1496 MELROSE STREET?+
The most recent tax bill on record (2025) was $0. 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 1496 MELROSE STREET?+
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 Lake Alfred?+
At $399,900, this home is listed about 11% above the Lake Alfred median of $359,990. The market section on this page shows how the area is trending.
Which schools are assigned to 1496 MELROSE STREET?+
Walter Caldwell Elementary School (elementary), Auburndale Senior High School (high), Lake Alfred Polytech Academy (middle) — Polk County School District. Always verify school assignments with the district before relying on them.
The brief
Four things that matter here
01Positioned at the premium end
$399,900 runs 23% above the LAKE ALFRED 33850 median.
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
150 days on market against a Lake Alfred median of 56 — sellers in this position are usually ready to negotiate.
04The price has already moved
Listed at $426,805, now $399,900 — a $27K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of CAMBRIDGE REALTY OF CENTRAL FL · George Lindsey, III. MLS #L4960218.
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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