877 SE 38 WAY, MELROSE, FL, 32666
Active4 days on marketListed Jul 28, 2026MLS #S5154565
About this home
877 SE 38 WAY
Beautiful 3BR/2BA Home on ½ Acre – Clean, Spacious & Move-In Ready! Looking for a home you’ll be proud to live in? This beautifully maintained 3-bedroom, 2-bath home offers the perfect combination of comfort, space, and privacy. Situated on a peaceful ½-acre lot with gorgeous mature shade trees, this home features a bright, open floor plan that’s perfect for relaxing, entertaining, or spending time with family. Every room has been exceptionally well cared for, making this home spotlessly clean and truly move-in ready. Features: 3 Bedrooms / 2 Full Bathrooms Spacious Open-Concept Living Area Large ½-Acre Yard with Beautiful Mature Trees Quiet, Peaceful Setting Exceptionally Clean & Well Maintained Plenty of Outdoor Space to Enjoy If you’re looking for a home that has been cared for with pride, this is one you won’t want to miss.
Facts & features
The home at a glance
3
Bedrooms
2
Bathrooms
1,200
Sqft
0.5 ac
Lot size
2019
Year built
One
Levels
$1
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Principal and interest plus estimated taxes and insurance. Run your own numbers below.
$170 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
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
Estimated payment
$170/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Estimates only — taxes at 1.1%/yr and typical insurance; 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
$1 vs $259
Days on market
4 vs 57 typical
Where $1/sqft sits among the 42 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.
Where it sits
Inside Melrose
Get to know Melrose. See the full Melrose guide →
MELROSE 32666 — neighborhood snapshot
Population
5,542
Median age
62.1
Median income
$66,540
Median home value
$206,000
Avg household
2.17
Households w/ children
268
For the school run
Putnam County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Melrose market
$333K → $180K
Melrose median sold, yr/yr
91.9%
Sale-to-list ratio (12 mo)
20 of 42
Melrose actives have cut their price
Median sold price, Melrose, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 100% below the MELROSE 32666 median. See the full Melrose market guide →
Paper trail
This home's history
Reality check
What actually sold near 877 SE 38 WAY
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Jun ’26$294,500
628 SE 52ND STREET
3 bd · 2 ba · 1,176 sqft · $250/sqft · 16 DOM
Sold · Feb ’26$262,000
553 SE 42ND STREET
3 bd · 2 ba · 1,234 sqft · $212/sqft · 49 DOM
Sold · Sep ’25$210,000
3051 SE STATE ROAD 21 UNIT 7
2 bd · 2 ba · 1,249 sqft · $168/sqft · 84 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
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
John Carpenter
CFO/Broker · CENTURY 21 Edge
Tours, negotiation, and every question about 877 SE 38 WAY — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 877 SE 38 WAY — before you fall in love.
See it in person
Schedule a tour
Live availability from John's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
877 SE 38 WAY FAQs
What would the monthly payment be for 877 SE 38 WAY?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $170/mo — principal and interest, estimated property taxes 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.
Are pets allowed at 877 SE 38 WAY?+
The listing reports pets: No. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Melrose?+
At $1,395, this home is listed about 100% below the Melrose median of $397,000. The market section on this page shows how the area is trending.
Which schools are assigned to 877 SE 38 WAY?+
Melrose Elementary School (elementary), Interlachen Junior-Senior High School (high) — Putnam County School District. Always verify school assignments with the district before relying on them.
Listing courtesy of LA ROSA REALTY LLC · Lynde Jones. MLS #S5154565.
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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