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For SaleSingle Family Home
$340K
4891 Erin Lane, Melbourne, FL 32940
Baytree neighborhood
Subdivision: Live Oak Phase 2
3
Bedrooms
2
Bathrooms
1,580
Sq Ft
1995
Year Built
$215 /sqft

About This Property

Description from listing agent

Welcome to this well-maintained 3-bedroom, 2-bath home with a 2-car garage, offering great bones and incredible potential in a desirable Melbourne neighborhood! This home is the perfect opportunity for buyers looking to update and make a space their own. The functional floor plan offers spacious living areas and a sunroom with a spa, providing plenty of possibilities for creating a relaxing indoor-outdoor retreat. With some cosmetic updates and personal touches, this home could truly shine. Located in an established community with a low HOA, just minutes from schools, shopping, dining, parks, golf, healthcare and the beautiful Space Coast beaches. Convenient access to I-95 and major employers. Bring your vision and transform this solid home into something truly special!

Space Coast Context

🚀 Launch Viewing — Good Views

26.2 mi from SLC-40

26.2 miles from SLC-40 — visible on clear days, especially at night.

Aerospace Commute Guide
Northrop4.9 mi~11 min
L3Harris6.6 mi~15 min
Blue Origin20.9 mi~47 min
SpaceX21.5 mi~48 min
Lockheed21.6 mi~48 min
Boeing/KSC22.7 mi~51 min
KSC23.1 mi~51 min

Estimates only — verify with Google Maps.

Flood Risk

Zone X — Minimal Risk

Outside the Special Flood Hazard Area. Flood insurance is optional but recommended.

Estimated flood insurance: $500 – $1,200 / yr — varies by coverage, elevation & insurer

Source: FEMA National Flood Hazard Layer. Insurance estimates are ranges only — get a quote for accurate pricing.

Price History

Date
Event
Price
  • 9/17/26
    Price change
    $340K -4.2%
    $215/sqft
  • 8/17/26
    Price change
    $355K -2.7%
    $225/sqft
  • 7/2/26
    Listed
    $365K
    $231/sqft

Tracked by MaxxCity from the date each listing first appeared in our system — earlier history isn't available from the MLS feed.

Offer Intelligence

Based on 4 comparable sales in this area in the last 180 days.

Price vs. Comparable Sales
9.4% below market
Median comparable close price: $375,000
Typical Offer Discount
91.7% of list price
At that rate, a competitive offer ≈ $311,578
Price Reductions
2 reductions
Originally listed at $364,900 · Cut $25,000 total
See & adjust the 4 comparable sales used

Uncheck any home you don't consider comparable — the median updates instantly.

The median is weighted: nearer sales count more than distant ones, and comps marked recent (sold in the last 90 days) count 2×. Comps farther than 3 miles are flagged — a longer distance usually means few nearby sales were available.

How we match comps

Comps are pulled directly from the Space Coast MLS — sold sales only, closed within the last 180 days. We apply hyper-local matching criteria in this order:

  • ✓Same property type, always (single family, condo, townhouse, etc.)
  • ✓Single-story homes compared only to single-story (and multi to multi)
  • ✓Exact bedroom count
  • ✓Bathrooms within ±0.5
  • ✓Garage spaces within ±1
  • ✓Pool status must match
  • ✓Waterfront status must match
  • ✓HOA must match (HOA community vs. no HOA)
  • ✓Price within ±5–20% of list price (tightest in early tiers)
  • ✓Square footage within ±10–25% (tighter in early tiers)
  • ✓Year built always within ±5–20 years (never dropped)

We search in tiers, expanding the radius only as needed — starting in the same subdivision within 1 mile, then 2 miles, then the same neighborhood within 3 miles, and the same zip code within 5 miles as a last resort. For luxury homes ($5M+), where nearby comps are scarce, we widen the search to 5–20 miles. Year built is always required so comps are from the same era of construction. The median is weighted toward nearer sales, and sales within the last 90 days count 2× to reflect current market conditions.

Median estimate is based on similar active listings and homes that have sold within the last 180 days in this area, as reported through Brevard MLS. This is not an appraisal or a Comparative Market Analysis (CMA). Before making an offer, work with a licensed real estate agent to obtain a CMA, or hire a certified real estate appraiser for an independent valuation.

Additional Details

Lot Size
0.18 acres (7,841 sqft)
Full Baths
2
Total Rooms
4
Garage
2 car (attached)
HOA Fee
$189/mo
Days on Market
104
MLS Area
322 - NE Melbourne/Palm Shores

Community & HOA

HOA

  • Name: Fairway Management of Brevard, Inc.
  • Fee: $189 / annually

Schools

Elementary

Sherwood

Middle School

DeLaura

High School

Satellite

Financial & Listing Details

Listed
Jul 2, 2026
Parcel #
26-37-30-76-0000a.0-0053.00
$340K

Listing Agent (for property info)

K
Kelly Lynn McCammon
Coldwell Banker Paradise
310-430-1928
Call Listing Agent

Estimated Monthly Payment

$2,470/mo
Principal & interest
$1,791
Property taxes
$340
Insurance & HOA
$339

Based on a 6.90% rate, 30-year loan, and $340K price — down payment shown: $67,980.

This is a quick estimate only — it does not include items like mortgage insurance, closing costs, or rate-lock terms. For an accurate payment based on your credit and finances, get pre-qualified with a certified bank or licensed mortgage brokerage.

MLS# 1081480

What's Nearby

grocery
Sprouts Farmers Market
0.4 mi away
restaurants
Foxtail Coffee Company
0.4 mi away
coffee shops
Foxtail Coffee Company
0.4 mi away
restaurants
Chipotle
0.5 mi away
restaurants
Bojangles'
0.5 mi away
restaurants
Dutch Bros. Coffee
0.6 mi away
coffee shops
Dutch Bros. Coffee
0.6 mi away
restaurants
Einstein Bros. Bagels
0.6 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1081480 · Listing Broker: Coldwell Banker Paradise · 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. The data is deemed reliable but is not guaranteed accurate by the MLS. Listing information provided by Space Coast Association of REALTORS® and the Space Coast MLS. © 2026 Space Coast Association of REALTORS®. All rights reserved. · MaxxCity Realty LLC · Licensed in Florida.