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135 Ashley Lake Drive, 
Melrose, FL 32666

$395,000

3

Beds

2

Baths

2,220

Sq Ft

Multi-Family

Active

Listed by

Walter Key

Epique Realty, Inc

888-893-3537

Last updated:

March 8, 2026, 12:53 PM

MLS#

2125184

Source:

JV

About This Home

135 Ashley Lake Drive

Lakefront living with active income cash flow! This well-maintained home sits on a landscaped 1.19-acre high and dry lot in a quiet neighborhood just minutes from downtown historic Melrose. 3 bedrooms, 3 full bathrooms, an open flow, tons of storage, and a fully screened patio w/ hot tub. Additionally, there is a 900-sqft semi-finished basement with drywall, electrical, and plumbing. Use it for massive storage, finish into a private office space, etc. Separate storage area for lawn mowers and yard tools plus a 1-car garage and ample additional driveway parking. A full efficiency apartment with kitchen and full bathroom is currently rented for almost $1,000/MO on a short-term lease. Perfect for passive income, the perfect in-law suite, or a guesthouse. All of this in a prime location less than 30 minutes to Gainesville and just 5 minutes up the road to the almost 6,000-acre Lake Sante Fe public boat launch! Seller financing possible. Welcome Home!

Home Facts

Multi-Family

2 Baths

3 Bedrooms

Built in 1990

Price Summary

395,000

$177 per Sq. Ft.

MLS #:

2125184

Last Updated:

March 8, 2026, 12:53 PM

Added:

1 month(s) ago

Rooms & Interior

Bedrooms

Total Bedrooms:

3

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

2,220 Sq. Ft.

Structure

Structure

Building Area:

2,220 Sq. Ft.

Year Built:

1990

Lot

Lot Size (Sq. Ft):

51,836

Finances & Disclosures

Finances

Price:

$395,000

Price per Sq. Ft:

$177 per Sq. Ft.

Source:JV
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.