Located in historic Melrose, this 2-bedroom, 2-bath waterfront home offers a prime setting on a canal with direct access to Lake Santa Fe. Inside, the living area is bright and open, with vaulted ceilings and a stone-accented fireplace. The spacious kitchen features updated appliances and granite countertops, with plenty of cabinet space. Enjoy water views from the Florida room, which is perfect for relaxing. From here, step directly out onto the back deck. Take full advantage of waterfront living with your own private dock and covered boat slip, making it effortless to get out on the water whenever you like. A detached garage adds both flexibility and functionality to the property, offering ample space for parking, storage, or even a workshop. Directly across the road, a walking trail leads straight to Santa Fe Lake Park, adding to the home's unbeatable location. Enjoy peace of mind with major updates already completed, including a newer roof, HVAC system, windows, gutters, and flooring. Whether you are looking for a full-time residence or a weekend escape, this location truly sets this property apart.