1 / 6
For SaleLand / Lot
$345K
4490 Eldorado Way, Melbourne, FL 32934
Downtown Melbourne neighborhood
Subdivision: None
0
Bathrooms

About This Property

Description from listing agent

Rare opportunity on 1.21 acres in Melbourne's Lake Washington area. The original home has been removed, leaving a solid concrete block foundation and shell—ideal for rebuilding without starting completely from scratch. The property has been cleaned up while preserving mature trees that provide privacy and a natural setting. There is ample space for a custom single-family home, pool, workshop, and boat or RV parking. Whether your vision is modern, farmhouse, or multigenerational living, this property offers flexibility and acreage that's increasingly hard to find in this area. Bring your builder and your plans and make it your own.

Space Coast Context

🚀 Launch Viewing — Good Views

29 mi from SLC-40

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

Aerospace Commute Guide
Northrop4.9 mi~11 min
L3Harris5.6 mi~12 min
Blue Origin23.9 mi~53 min
SpaceX24.4 mi~54 min
Lockheed24.5 mi~55 min
Boeing/KSC25.2 mi~56 min
KSC25.4 mi~57 min

Estimates only — verify with Google Maps.

Flood Risk

Flood zone data not yet available for this listing. Check FEMA Flood Map

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

Price History

Date
Event
Price
  • 10/9/25
    Listed
    $345K

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

Offer Intelligence

Price history and market context for this listing.

Price Reductions
No reductions
Listed price has not changed since hitting the market
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
1.21 acres (52,708 sqft)
Days on Market
254
MLS Area
321 - Lake Washington/S of Post

Schools

Elementary

Sabal

Middle School

Johnson

High School

Eau Gallie

Financial & Listing Details

Listed
Oct 9, 2025
Parcel #
27-36-11-00-00278.0-0000.00
$345K

Listing Agent (for property info)

L
Lauren Merrell PA
Dale Sorensen Real Estate Inc.
321-987-3328
Call Listing Agent

Estimated Monthly Payment

$2,313/mo
Principal & interest
$1,818
Property taxes
$345
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $345K price — down payment shown: $69,000.

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# 1059239

Interested in this property?

Equal Housing Opportunity

MLS# 1059239 · Listing Broker: Dale Sorensen Real Estate Inc. · 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.