$385,000
About this home
Seller financing possible with acceptable terms & down payment!! Tucked away at the very end of Island Road, this charming rustic retreat offers a rare opportunity to enjoy true waterfront living on the Santa Fe Canal—just steps from where it opens into Lake Santa Fe. This 3-bedroom, 2-bath home blends cozy character with thoughtful updates, including a beautifully refreshed kitchen and bathrooms, along with a durable new metal roof for peace of mind. Inside, you’ll find warm, inviting spaces that make you feel right at home from the moment you walk in. Out back is where this property truly shines. A massive Florida room creates the ultimate entertaining space—complete with a built-in bar area and pool table—perfect for hosting friends, game nights, or simply relaxing after a day on the water. Even better, all furnishings can stay, making this a turnkey opportunity. Step outside and take in peaceful canal views from your backyard, with direct access to Lake Santa Fe just moments away. As the last home before the canal opens to the lake, you’ll enjoy a unique blend of privacy and prime positioning for boating, fishing, and waterfront living. Additional features include a large workshop with electric—ideal for hobbies, storage, or projects—and a newer dock ready for your boat and lake days. Whether you’re looking for a full-time residence, weekend getaway, or income-producing vacation rental, this one-of-a-kind property delivers the best of North Florida lake life.
Highlights
Property details
- MLS
- Stellar MLS
- MLS #
- MFRGC539187
- Property type
- Single Family Residence
- Subdivision
- CANAL SHORES SUB
- Status
- Active
- Days on market
- 124
- On market date
- April 6, 2026
- Stories
- N/A
- Total bathrooms
- 2
- Garage spaces
- 1
- Parking spaces
- N/A
- Lot size
- 0.47 acres
Location
Get directions →Nearby schools
Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.
- Enrollment
- 386
- Student:teacher ratio
- 16.1:1
- District
- PUTNAM
- Enrollment
- 1,236
- Student:teacher ratio
- 18.4:1
- District
- CLAY
Walkability
Blended score for MELROSE's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
Market position
How this listing compares to current activity in MELROSE, from live MLS data.
Mortgage calculator
Estimate only - actual rate and payment depend on your lender, credit, and loan program.
Adjust tax / insurance estimates
Similar homes you might like
Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated August 8, 2026.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.