298 SE 5TH AVENUE, MELROSE, FL, 32666
Active82 days on marketListed Jul 22, 2026MLS #GC542147
About this home
298 SE 5TH AVENUE
BRING EVERYONE. Some lake houses are beautiful. Some are built for entertaining. Very few are designed to do both exceptionally well. Set on approximately 100 feet of Lake Santa Fe waterfront, this beautifully updated 3,360-square-foot home was made for gathering--the kind of place where family and friends arrive for the weekend and nobody wants to leave. With a private dock and boat lift, expansive lake views, an open kitchen, dining and living area, indoor/outdoor see-through fireplace, dedicated lake-house entertainment lounge, loft, library with hidden Murphy bed, and comfortable sleeping accommodations for up to 12 guests, this is more than a waterfront home. It's the place where your family gathers. Spend the day on the lake. Come home to the pool table and wet bar. Open a bottle of wine. Gather around the fireplace. And end the day watching the sun disappear over Lake Santa Fe from your own dock. This is Lake Santa Fe living at its most memorable.
Facts & features
The home at a glance
3
Bedrooms
3
Bathrooms
3,360
Sqft
0.77 ac
Lot size
1988
Year built
Multi/Split
Levels
$401
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$8,567 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$8,567/mo
Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
$/sqft vs Melrose actives
$401 vs $236
Days on market
82 vs 97 typical
Where $401/sqft sits among the 37 Melrose actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
The numbers that matter
The Melrose market
$333K → $290K
Melrose median sold, yr/yr
91.6%
Sale-to-list ratio (12 mo)
22 of 37
Melrose actives have cut their price
Median sold price, Melrose, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 240% above the Melrose median. See the full Melrose market guide →
Paper trail
This home's history
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Pedro Ribeiro Gloria
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about 298 SE 5TH AVENUE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 298 SE 5TH AVENUE — before you fall in love.
See it in person
Schedule a tour
Live availability from Pedro's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
298 SE 5TH AVENUE FAQs
What would the monthly payment be for 298 SE 5TH AVENUE?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $8,567/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 298 SE 5TH AVENUE?+
The most recent tax bill on record (2025) was $7,469. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in Melrose?+
At $1,349,000, this home is listed about 240% above the Melrose median of $396,500. The market section on this page shows how the area is trending.
Keep looking
Similar homes nearby
Listing courtesy of CB ISAAC REALTY · Ronald Blake. MLS #GC542147.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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