$1,589,000

12603 204 Terrace

Waldo, FL 32694

Active
3
Beds
2
Baths
3,608
Sq Ft
0.81
Acres
1988
Built
WaterfrontWater accessIn-law suiteFireplace$440/sqft
🏠Single Family Residence

Property type

🏗️1988

Year built

📐35,283 sqft

Lot size

📊$440

Price / sq ft

🏘️No HOA

HOA dues

📅105

Days on market

🚗2

Garage spaces

🌊AE

Flood zone

About this home

Welcome to this Extraordinary Lake Santa Fe retreat—a waterfront estate perfectly designed for luxury living, multigenerational comfort, and effortless entertaining! This private oasis blends refined craftsmanship, resort-style amenities, and custom enhancements to create a legacy property designed to be enjoyed year-round. The property features both a primary residence AND a 2/1 apartment over the workshop EACH WITH MORE than an additional 800 sq ft! The main residence showcases recent custom features including a gas fireplace in the Great Room as well as fresh kitchen updates including custom quartz and glass kitchen counters, new exhaust hood, and a 2025 KitchenAid appliance suite. The Outdoor living is TRULY exceptional. The grounds are professionally designed by Entropics, and accented by architectural lighting. The lakeside, indoor/outdoor experience continues with a stunning cabana that features heated travertine tile, a sunken saltwater spa, an oversized, fully tiled outdoor shower, a second gas fireplace, and a commercial-grade outdoor kitchen, all anchored by a lakeside pavilion ideal for gatherings and sunset views! A full concrete seawall, private boat ramp, and covered dock with TWO lifts—the dock was refinished in 2024—offer seamless access to the lake. Additional spaces elevate both lifestyle and functionality. Above the barn/workshop, is a beautifully finished 2-bedroom, 1-bath apartment complete with kitchen, private entrance, washer/dryer, dedicated parking, and lake views provides ideal guest OR income potential! The 870 square foot barn and garage are climate-controlled with standing AC/heat units. Extensive upgrades include built-in cabinetry and workbench, while the epoxy floors are perfect for hobbies or for professional use! An additional garden cabin and potting space add charm and utility for outdoor enthusiasts. Notable infrastructure upgrades include dual 500-gallon propane tanks, a whole-property water treatment system, a converted saltwater hot tub, a mini-split AC in the upstairs yoga studio, and a Bosch dishwasher added in 2023. Throughout the property, peace of mind is ensured with a 30kW Generac whole-home generator, Google Home security cameras, and a SimpliSafe security system. This Lake Santa Fe retreat is more than a home—it is a private resort, a family compound, and a timeless investment, offering unmatched waterfront living with modern reliability and refined elegance. Lake Santa Fe is celebrated for its pristine water quality, excellent fishing, kayaking, paddle boarding, and swimming! Enjoy the conveniences and activities of the eclectic Melrose community AND the serenity of this home and property. Melrose is just 30 minutes from Gainesville, 20 minutes to Gainesville Regional Airport, and 90 minutes to Jacksonville! Experience the perfect harmony of architectural elegance, lakeside tranquility, and classic Florida charm in this one-of-a-kind waterfront home!

Estimated monthly payment

Principal & interest$8,035
Property taxes$907
Home insurance (est.)$728

Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.

Price & listing history105 days on market

  1. Status: Active
    Jan 29, 2026
  2. Listed$1,589,000
    Jan 29, 2026
  3. Price increased$1,589,000

Virtual Tour

Facts & features

Property type
Residential
Sub type
Single Family Residence
Status
Active
Days on market
105
Subdivision
Not In Subdivision
County
Alachua
Year built
1988
Living area
3,608 sq ft
Price/sq ft
$440
Building area
5,438 sq ft (Public Records)
Lot size
35,283 sq ft
Lot category
1/2 to less than 1
Flood zone
AE
Garage
2 spaces
Annual taxes
$10,881 (2025)
Parcel #
18393-006-000
Zoning
A
MLS #
GC536376

Interior Details

Bedrooms
3
Full bathrooms
2
Flooring
Tile, Wood
Appliances
Built-In Oven, Cooktop, Dishwasher, Dryer, Microwave, Refrigerator, Tankless Water Heater, Washer, Water Filtration System
Interior features
Built-in Features, Ceiling Fans(s), Eat-in Kitchen, High Ceilings, Kitchen/Family Room Combo, Open Floorplan, Other, PrimaryBedroom Upstairs, Solid Surface Counters, Split Bedroom, Vaulted Ceiling(s), Wet Bar
Laundry
Inside, Laundry Room, Other
Stories / Levels
Two
Direction faces
East
Fireplace
Yes
In-law suite
Yes

Heating & Cooling

Heating
Electric, Propane, Zoned
Cooling
Central Air

Parking

Garage spaces
2
Attached garage
Yes
Parking features
Covered, Driveway, Garage Door Opener, Other, RV Carport, RV Garage

HOA & Financial

Total monthly fees
$0/mo
Total annual fees
$0
CDD
No
Homestead exemption
Yes
Min lease term
1-7 Days
Listing terms
Cash, Conventional
Ownership
Fee Simple
Available for lease
Yes
Lease restrictions
No

Exterior & Construction

Exterior features
French Doors, Lighting, Other, Rain Gutters
Construction materials
Wood Siding
Roof
Metal, Shingle
Foundation
Slab
Waterfront
Yes
Water access
Yes
Water view
Yes
Road surface
Limerock

Utilities

Sewer
Septic Tank
Water source
Well
Utilities
BB/HS Internet Available, Other

Schools

ElementaryChester Shell Elementary School-ALGreatSchools ↗
MiddleHawthorne Middle/High School-ALGreatSchools ↗
High SchoolHawthorne Middle/High School-ALGreatSchools ↗

Letter grades: Florida DOE 2024–25 school grades (Orange, Seminole, Lake, Osceola, Brevard). Assigned schools from the listing agent — verify enrollment with the district.

Room Details

RoomLevelDimensions
FoyerFirst
KitchenFirst
Primary BedroomSecond
Bathroom 1First
Bedroom 2First
Great RoomFirst
GymFirst
DenSecond
Bedroom 3First

Listing Details

Listing date
2026-01-28
On market date
2026-01-29
Original list price
$1,589,000
Occupant type
Owner
MLS area
32694 - Waldo
Listing AOR
Gainesville-Alachua
Status changed
2026-01-29
Tax legal description
COM NW COR OF SE1/4 OF NW1/4 S 44 DEG W 114.2 FT S 86 DEG E 296 FT S 59 DEG E 353 FT S 64 DEG E 350 FT S 16 DEG W W 150 FT POB S 16 DEG W 100 FT S 56 DEG E 340 FT TO LAKE N/LY ALONG LAKE 94 FT N 56 DEG W 365 FT POB KNOWN AS LOT 5 OR 1758/0292 & OR 1841/1389 & OR 4935/1017 & OR 5108/0004

Flood risk

High riskFEMA Zone AE

FEMA Special Flood Hazard Area (1% annual-chance / “100-year” floodplain). Flood insurance is generally required by mortgage lenders.

Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.

Location

Directions

From Gainesville head East on 26 to 301 in Orange Heights head North on 301 to 1471. At stop sign and intersection of 1469, cross over and continue North on 1471 to 132 Street on right. Follow to 199th Street, turn right, then left on 127th Avenue to end, where you will curve right to home on left

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MLS GRID

Listings courtesy of Stellar MLS as distributed by MLS GRID

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.

Based on information submitted to the MLS GRID as of May 14, 2026 at 12:57 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA