REDUCED $15,000! LAKE ELIZABETH REDUCED $15,000! GO GREEN (NO OUTBOARD MOTORS) on the ECO-FRIENDLY private lake. Here you can enjoy a peaceful setting on 2.36 acres with 123 ft of lakefront. Property is mostly high and dry w/mature Live Oaks, Magnolias and Cypress trees. This is a homes only community located near Historic Melrose, Fl and just 18 minutes to Gainesville. Now's the time to buy and build on this large, rare and beautiful lakefront property. Live Green, Live Rural. You'll love the waterfront and all it's natural beauty. Drive by and see. MLS# 116064.