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About this home
8491 Lilly Lake Rd is a 1979-built home in Lilly Lake, Melrose. Inside you'll find 4 bedrooms, 2 bathrooms, and 2,144 square feet of living space. Listed at $569,000 (about $265/sqft), 183 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.
Virtually Staged. Tucked along the pristine shores of Lake Lily in Melrose, this exceptional waterfront retreat offers a rare blend of natural beauty, recreation, and versatility. Known for its crystal-clear, spring-fed waters, Lake Lily is one of the area’s most sought-after lakes—large enough to accommodate water skiing, jet skis, and a full range of water sports, yet peaceful enough to enjoy quiet mornings and breathtaking sunsets. The approach to the property is as memorable as the home itself, with a scenic drive winding past picturesque horse farms and open countryside that immediately sets a tone of relaxation and escape. Situated on a quiet road with very little traffic, the setting provides a sense of privacy and calm that is increasingly hard to find. This well-maintained 4-bedroom, 2-bath home is thoughtfully positioned to capture stunning lake views from multiple vantage points. Inside, you’ll find a beautifully updated kitchen designed for both functionality and style, seamlessly flowing into the main living areas. The expansive sunroom is a true highlight, featuring walls of windows that frame panoramic views of the water—perfect for relaxing, entertaining, or simply taking in the serene setting year-round. Step outside and experience the ultimate lakefront lifestyle. Two oversized decks overlook the water, offering ample space for dining, entertaining, or unwinding in the fresh air. A sandy beach provides the perfect spot for swimming or lounging, while your private boat ramp makes it effortless to launch and enjoy a day on the lake. The property is as functional as it is inviting, featuring a 2-car detached garage, a large metal building for storage or hobbies, and a detached guest suite with a half bath—ideal for visitors, extended family, or a private workspace. A separate utility building with shower and laundry adds convenience, especially after long days spent on the water. Beyond the property itself, a true sense of community sets this home apart. Friendly neighbors and cherished traditions create a welcoming atmosphere, including annual fireworks displays over the lake on the 4th of July and New Year’s Eve—an unforgettable experience right from your own backyard. For added convenience and a true turnkey opportunity, all furnishings, pool table, and even the boat and jet ski may be included with an acceptable offer. Whether you’re looking for a full-time residence or a private getaway, this property delivers the best of both worlds—an active waterfront lifestyle paired with the tranquility of a true retreat. Surrounded by natural beauty and set on a premier recreational lake, this is where lasting memories are made.
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Quick answers.
Price
$569,000
$265 per sq ft
Beds and baths
4 beds, 2 baths
Size
2,144 sq ft
Time on market
183 days
Year built
1979
Monthly payment
About $3,282/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $358 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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