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About this home
Lot 1 SE 16th St is a home in Santa Fe Shores, Melrose. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.
Build your dream home on this approximately 0.23-acre buildable corner lot with canal frontage leading to Lake Santa Fe, already equipped with a power pole and meter, with soil testing completed—no mounded septic system required and only approximately 8 inches of fill needed. Lot 1 also includes an existing (older) septic system and an old well, with the drop pipe still in place (pump has been stripped). Setbacks allow 25 feet from the canal, 15 feet from the road, and a 5-foot variance on the sides, offering flexibility for your build. Located on a quiet dirt road, this property provides access to Lake Santa Fe, a 5,850-acre spring-fed lake known as one of the most stable in Florida, ideal for fishing, boating, wakeboarding, and kayaking. While the canal water level is currently low due to seasonal conditions, it typically provides direct access to one of North Central Florida’s premier recreational lakes. This listing is for Lot 1, with contiguous Lot 2 (also approximately 0.23 acres) available separately or together for a combined total of approximately 0.46 acres. Zoned for residential homes only, with possible owner financing available at 20%+ down; survey on file and available upon request.
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The essentials
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Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
Price history
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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.
Quick answers.
Price
$44,900
Time on market
200 days
Monthly payment
About $327/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $844 annual tax bill, insurance.
Flood zone
Zone X
That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.
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