1 / 50
For SaleCondominium
$215K
4740 Lake Waterford Way #4-112, Melbourne, FL 32901
South Melbourne neighborhood
Subdivision: The Gables at Lake In The Woods Ph I
4
Bedrooms
3
Bathrooms
1,915
Sq Ft
1986
Year Built
$112 /sqft

About This Property

Description from listing agent

Unique two-story penthouse offering 3 bedrooms and 3 full bathrooms in a convenient central location. Upon entry, the main living area opens to a screened balcony overlooking peaceful water and a fountain, with abundant natural light from skylights and the open loft many feet above. The living room features a fireplace and flows to the balcony, which includes a dedicated laundry area. The kitchen is to the right with a breakfast nook for casual dining. All three bedrooms are located on the first floor, including the primary bedroom, offering comfortable main-level living. Upstairs, a spacious loft overlooks the living area below and provides exceptional flexibility. With two closets and its own full bathroom with shower, this space can easily function as a fourth bedroom, family room, game room, or media room. Assigned parking is located directly in front of the unit stairs for convenience. Ideally situated near shopping, including Florida Institute of Technology & minutes to beaches.

Space Coast Context

🚀 Launch Viewing — Fair Views

36.3 mi from SLC-40

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

Aerospace Commute Guide
L3Harris4.2 mi~9 min
Northrop6.1 mi~14 min
Blue Origin30.3 mi~1h 8m
SpaceX31.4 mi~1h 10m
Lockheed31.4 mi~1h 10m
Boeing/KSC33.2 mi~1h 14m
KSC33.7 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
  • 12/11/25
    Listed
    $215K
    $112/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

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
0.16 acres (6,970 sqft)
Full Baths
3
HOA Fee
$420/mo
Waterfront
Yes
Days on Market
192
MLS Area
330 - Melbourne - Central

Community & HOA

HOA

  • Name: LAKE-IN-THE-WOODS CONDOMINIUM ASSOCIATION, INC.
  • Fee: $420 / monthly

Financial & Listing Details

Listed
Dec 11, 2025
Parcel #
28-37-21-00-00032.O-0000.00
$215K

Listing Agent (for property info)

T
Thomas Taranto
Keller Williams Realty Brevard
321-587-0948
Call Listing Agent

Estimated Monthly Payment

$1,917/mo
Principal & interest
$1,132
Property taxes
$215
Insurance & HOA
$570

Based on a 6.90% rate, 30-year loan, and $215K price — down payment shown: $42,980.

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# 1064071

Interested in this property?

Equal Housing Opportunity

MLS# 1064071 · 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.