Welcome to 135 Ashley Lake Dr, Melrose, FL 32666— **INCOME PRODUCING** lakefront 3-bedroom, 3-bath home. 2 bedroom, 2bath home with separate 1 bedroom 1 bath apartment all under one roof. Set on approximately 1.5 acres, this property offers 2,220 sq ft of air-conditioned living space, plus an additional 800 sq ft semi-finished basement—perfect for a workshop, gym, or easily converted into more conditioned space. Relax and entertain on nearly 800 sq ft of mostly covered and screened porches, where you can soak in **panoramic views of the spring-fed lake**! The open kitchen design features a bar-top for casual dining and conversation, making it ideal for hosting guests. A standout feature is the separate, private-entry mother-in-law suite, complete with its own kitchen and laundry. This suite has been successfully used as an income producing apartment rental. The premier watersports lake Santa Fe is less than 3 miles away too!