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561 SE 28TH STREET

House For Sale
$497,500

BTC: 7.75047551

ETH: 282.19905385

6 days
Waterfront
3 bds
2 ba
1,594 sqft

Overview

Welcome to a truly one-of-a-kind waterfront retreat in the heart of Lake Geneva Estates in beautiful Melrose, Florida—where everyday living feels like a private getaway. This exceptional 3-bedroom, 2-bath canal-front home offers something rarely found: sweeping water views paired with your very own 8.24-acre island included in the sale. From the moment you arrive, the paved driveway leads you to an inviting entrance that sets the tone for what’s inside. Step through the door into a spacious open-concept living area where high ceilings and a panoramic layout seamlessly connect the living room, kitchen, and dining space. The kitchen is designed for both function and gathering, featuring abundant counter space and sleek stainless steel appliances. Anchoring the living room is a warm brick wood-burning fireplace, creating a cozy focal point that flows naturally into the Florida room—where walls of windows showcase stunning canal and island views. The primary suite is a peaceful retreat with a generous walk-in closet and a private en-suite bath. An interior utility room adds everyday convenience and functionality. Outdoor living is where this property truly shines. An oversized garage provides ample storage, while the screened lanai invites you to relax and take in serene views of the island just beyond your backyard. A patio overlooks lush green grass leading directly to your private island entrance—your own natural sanctuary waiting to be explored. The island itself is an oasis, complete with two RV hookups and a charming mini clubhouse with covered gathering space—perfect for entertaining, camping-style weekends, or hosting unforgettable get-togethers. Nature surrounds you here, with frequent sightings of whistling wood ducks, sandhill cranes, deer, and more, creating a peaceful and vibrant wildlife backdrop. Tucked away in a quiet, desirable neighborhood, this property offers the rare combination of privacy, acreage, waterfront living, and convenience—just minutes from local restaurants, shopping, and everyday essentials. And best of all—NO HOA. Offered at $497,500, this is more than a home—it’s a lifestyle, a retreat, and an extraordinary opportunity to own a slice of Florida paradise.

Location

Details

Type:
Residential
Parking:
Garage Faces Side
Year Built:
1992
Lot:
8.70 Acres
Heating:
Central
Price/sqft:
$312
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$264,950
$223K – $394K
Confidence Low
List vs. estimate
$232K above estimate
List $497,500 · +87.8%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$312
+19.7% vs. city median $260
Based on
8 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$1,900
2025
View
Water
Waterfront
Canal - Brackish
Garage
2 car garage
All facts and features
  • Flooring

    • Carpet

    • Tile

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Microwave

    • Range

    • Refrigerator

    Other interior features

    • Ceiling Fan(s)

    • High Ceilings

    • Living Room/Dining Room Combo

    • Open Floorplan

    • Walk-In Closet(s)

    Bedrooms and bathrooms

    • Bedrooms: 3

    • Full bathrooms: 2

  • Parking

    • Garage Faces Side

    Property

    • Levels: One

    • Exterior Features: Courtyard / Rain Gutters / RV Hookup

    Lot

    • Lot: 8.70 Acres

    Other Property Information

    • Parcel Number: 06203001600

    • Zoning: SFR

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • Electricity Connected

  • Other financial information

    • Annual tax amount: $1,900

  • Source details

    • MLS ID: GC541182

    Other facts

    • Construction Materials: Concrete / Stucco

    • Foundation Details: Crawlspace

    • Fireplace Features: Wood Burning

    • Laundry Features: Laundry Room

    • Lot Features: Cleared

    • Direction Faces: South

    • Waterfront: Yes

    • Fireplace: Yes

    • Garage Spaces: 2

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 1594

    • Water Source: Public

    • Subdivision Name: BOYKIN

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: WATSON REALTY CORP