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For SaleCondominium
$175K
4920 Lake Waterford Way #209-2, Melbourne, FL 32901
South Melbourne neighborhood
Subdivision: The Gables II at Lake In The Woods Ph IV
2
Bedrooms
2
Bathrooms
1,460
Sq Ft
1987
Year Built
$120 /sqft

About This Property

Description from listing agent

This lakefront two-story condo is ready for its next owner! Location is everything, and this community checks every box. Lake in the Woods offers the perfect balance of peaceful living and convenience in central Melbourne, being tucked away from main roads but allowing easy access to shopping, restaurants, and I-95. This unit features soaring vaulted ceilings with skylights, a large open living space, and screened balcony overlooking the lake. In addition the traditional primary suite, the second bedroom is adjacent to the guest bath for a dual primary setup. Upstairs, there is a massive loft with its own full bathroom - perfect for a game room, office, or 3rd bedroom! The neighborhood is filled with amenities - year-round heated pool, clubhouse, tennis courts. HOA includes water, cable (1400+ channels), streaming, internet, trash, pest control, exterior maintenance, roof replacement, and master insurance, considerably lowering your monthly cost of living! A/C 2025.

Space Coast Context

🚀 Launch Viewing — Fair Views

36.1 mi from SLC-40

36.1 miles from SLC-40 — visible as a bright streak in good conditions.

Aerospace Commute Guide
L3Harris4 mi~9 min
Northrop6 mi~13 min
Blue Origin30.2 mi~1h 7m
SpaceX31.3 mi~1h 10m
Lockheed31.3 mi~1h 10m
Boeing/KSC33.1 mi~1h 14m
KSC33.5 mi~1h 15m

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
  • 2/4/26
    Listed
    $175K
    $120/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
28.0% below market
Median comparable close price: $243,000
Typical Offer Discount
95.3% of list price
At that rate, a competitive offer ≈ $166,830
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 (single family, condo, townhouse, etc.)
  • 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)
  • Square footage within ±15%
  • Year built within ±15 years

We start with your neighborhood, then expand to 3 miles, then 5 miles until we have enough comps. Sales within the last 90 days are weighted 2× in the median to reflect current market conditions.

This is the same analysis a local agent performs by hand — done automatically on every listing.

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
0.15 acres (6,534 sqft)
Full Baths
2
HOA Fee
$420/mo
Waterfront
Yes
Days on Market
133
MLS Area
330 - Melbourne - Central

Community & HOA

HOA

  • Name: Lake in the Woods Condominium Association
  • Fee: $420 / monthly

Schools

Elementary

Riviera

Middle School

Stone

High School

Palm Bay

Financial & Listing Details

Listed
Feb 5, 2026
Parcel #
28-37-21-00-00041.P-0000.00
$175K

Listing Agent (for property info)

M
Michael Carey Heissenbuttel
Keller Williams Realty Brevard
321-626-8553
Call Listing Agent

Estimated Monthly Payment

$1,667/mo
Principal & interest
$922
Property taxes
$175
Insurance & HOA
$570

Based on a 6.90% rate, 30-year loan, and $175K price — down payment shown: $35,000.

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# 1068649

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Equal Housing Opportunity

MLS# 1068649 · Listing Broker: Keller Williams Realty Brevard · 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.