Ask Ben.
Ask Ben.
(904) 595-8967

Benjamin Subercaseaux, Sales Associate · Florida Homes Realty & Mortgage

$140,000

1056 BELLAMY Road, Melrose, FL 32666

Melrose

Price
$140,000
Beds / Baths
3 / 2
Living area
1,344 sqft
Year built
1990
Type
Residential
Lot
6.89 ac
Garage
0
HOA
None
CDD
No
Flood zone
Unknown
County
Putnam
Days on market
139

This property consists of two separate parcels totaling 6.8 acres--nearly 7 acres that immediately set it apart, offering space, privacy, and long-term potential. The home itself will require updates and improvements, but it provides a solid starting point for someone looking to reshape or reimagine the property over time. What makes this offering compelling is the balance between the existing structure and the land value. With this much acreage, the opportunity goes far beyond the current footprint. This is a property for someone with vision--ready to create something more intentional in a setting that actually allows it.

What to check on this one

  • Verify flood zone designation and elevation certificate for waterfront parcels
  • Confirm manufactured home is permanently affixed; check title status and lien release
  • Inspect roof age, condition, and insurance eligibility for 1990 unit
  • Obtain septic system inspection and well water quality test results
  • Review Putnam County land-use restrictions on 6.89-acre parcels for future plans
  • Confirm property taxes, utilities, and any easements affecting both parcels

Flagged from the listing itself — not an inspection, and no substitute for one. Bring these to the showing.

What this home really costs per month

Principal & interest$726/mo
Property tax (1.1% eff., Putnam Co.)$128/mo
Homeowners insurance (est.)$292/mo
All-in monthly (est.)$1,146/mo

Loan $112,000 at 6.75% · 30 yr

Not a loan quote. Rate, insurance, and tax are stated assumptions — a lender and an insurance agent give real numbers. Homestead exemption lowers taxes after you file.

Listing courtesy of REAL BROKER LLC. Data via realMLS (Northeast Florida MLS), updated Aug 20, 2026, 8:52 PM.

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. Information is deemed reliable but not guaranteed.