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For SaleSingle Family Home
$315K
4550 Elena Way, Melbourne, FL 32934
Downtown Melbourne neighborhood
Subdivision: Palmwood
4
Bedrooms
3
Bathrooms
1,959
Sq Ft
2005
Year Built
$161 /sqft

About This Property

Description from listing agent

Prime Location! Welcome to this beautiful two-story family home located on a quiet cul-de-sac in a desirable community with Low HOA fees. All 4 bedrooms are conveniently located upstairs, perfect for keeping the family close, while the main living areas downstairs provide great space for entertaining & everyday living. Enjoy tile flooring in all wet areas, new carpet on the stairs, & new upstairs flooring installed approximately 1.5 years ago. Major updates include a new roof (2023), electric water heater (2020), & AC system (2019). Home is pre-wired for an alarm system. A wind mitigation report dated 3/27/2023, offering added peace of mind & potential insurance savings. Step outside to a screened porch providing privacy & a relaxing outdoor retreat—perfect for morning coffee or evening unwinding. Ideally located just minutes from the Eau Gallie/I-95 this home offers quick access to Orlando; Cape Canaveral & a straight shot to the beautiful beaches. A fantastic opportunity

Space Coast Context

🚀 Launch Viewing — Good Views

31 mi from SLC-40

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

Aerospace Commute Guide
L3Harris4.4 mi~10 min
Northrop4.5 mi~10 min
Blue Origin25.8 mi~57 min
SpaceX26.3 mi~59 min
Lockheed26.4 mi~59 min
Boeing/KSC27.3 mi~1h 1m
KSC27.5 mi~1h 1m

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
  • 1/12/26
    Listed
    $315K
    $161/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 1 comparable sale in this area in the last 180 days.(limited data — interpret with caution)

Price vs. Comparable Sales
3.6% above median
Median comparable close: $304,000 — premium may reflect unique features not captured in automated comps
Typical Offer Discount
101.7% of list price
At that rate, a competitive offer ≈ $320,268
Price Reductions
No reductions
Listed price has not changed since hitting the market
See & adjust the 1 comparable sale 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
0.12 acres (5,227 sqft)
Full Baths
2
Half Baths
1
Garage
2 car (attached)
HOA Fee
$375/mo
Days on Market
184
MLS Area
321 - Lake Washington/S of Post

Community & HOA

HOA

  • Name: Palmwood Association
  • Fee: $375 / annually

Schools

Elementary

Sabal

Middle School

Johnson

High School

Eau Gallie

Financial & Listing Details

Listed
Jan 13, 2026
Parcel #
27-36-23-Ud-00000.0-0006.00
$315K

Listing Agent (for property info)

P
Patty Guvendik
LoKation
321-288-7649
Call Listing Agent

Estimated Monthly Payment

$2,500/mo
Principal & interest
$1,660
Property taxes
$315
Insurance & HOA
$525

Based on a 6.90% rate, 30-year loan, and $315K price — down payment shown: $63,000.

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# 1066239

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Equal Housing Opportunity

MLS# 1066239 · Listing Broker: LoKation · 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.