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For SaleSingle Family Home
$400K
4318 Palladian Way, Melbourne, FL 32904
University Park neighborhood
Subdivision: Hammock Trace Preserve Phase 1
4
Bedrooms
2
Bathrooms
1,822
Sq Ft
2008
Year Built
$219 /sqft

About This Property

Description from listing agent

((( UPDATED & UPGRADED IN HAMMOCK TRACE PRESERVE! ))) SPECTACULAR 4 BR / 2 BR CBS HOME ON A PRIVATE CUL-DE-SAC IN FANTASTIC GATED COMMUNITY! SURROUNDED BY NATURE PRESERVE w/NO HOUSES ACROSS STREET & A SHORT WALK TO COMMUNITY POOL! Vaulted ceilings, plant ledges, rounded corners, granite countertops, SS appliances, extensive tile work, recently resurfaced cabinets, custom blinds & magnificent driftwood ceramic tile throughout! NEW ROOF & AC SYSTEM (2023) NEW APPLIANCES(2022) NEW SCREENED PORCH (2020) NEW WASHER & DRYER (2018) NEW PRIVACY FENCE (2022) Formal dining room, master BR suite with over-sized master bathroom, interior laundry room, 4th bedroom that could be used as office, breakfast nook & spacious gourmet kitchen over looking the Great room for entertainment at its finest! Relax on your back screened porch or step outside & enjoy Florida outdoor living in your privacy fenced yard w/nature views surrounding....ULTIMATE CONVENIENCE & TRANQUILITY COMBINED IS TRULY A RARE FIND!!

Space Coast Context

🚀 Launch Viewing — Good Views

32.4 mi from SLC-40

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

Aerospace Commute Guide
L3Harris3.8 mi~8 min
Northrop4.5 mi~10 min
Blue Origin27 mi~1h
SpaceX27.7 mi~1h 2m
Lockheed27.8 mi~1h 2m
Boeing/KSC28.7 mi~1h 4m
KSC28.9 mi~1h 4m

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
  • 6/16/25
    Listed
    $400K
    $219/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 22 comparable sales in this area in the last 180 days.

Price vs. Comparable Sales
At market value
Median comparable close price: $395,000
Typical Offer Discount
97.5% of list price
At that rate, a competitive offer ≈ $389,898
Price Reductions
No reductions
Listed price has not changed since hitting the market
See & adjust the 22 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
0.13 acres (5,663 sqft)
Full Baths
2
Total Rooms
13
Garage
2 car (attached)
HOA Fee
$500/mo
Days on Market
390
MLS Area
331 - West Melbourne

Community & HOA

HOA

  • Name: Hammock Trace Preserve Home Owners
  • Fee: $500 / annually

Schools

Elementary

Roy Allen

Middle School

Central

High School

Eau Gallie

Financial & Listing Details

Listed
Jun 16, 2025
Parcel #
27-36-26-77-00000.0-0035.00
$400K

Listing Agent (for property info)

T
Todd Ostrander
RE/MAX Elite
321-749-8405
Call Listing Agent

Estimated Monthly Payment

$3,157/mo
Principal & interest
$2,107
Property taxes
$400
Insurance & HOA
$650

Based on a 6.90% rate, 30-year loan, and $400K price — down payment shown: $79,980.

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# 1049079

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Equal Housing Opportunity

MLS# 1049079 · Listing Broker: RE/MAX Elite · 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.