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For SaleSingle Family Home
$299K
4770 Elena Way, Melbourne, FL 32934
Downtown Melbourne neighborhood
Subdivision: Palmwood
4
Bedrooms
3
Bathrooms
1,894
Sq Ft
2006
Year Built
$158 /sqft

About This Property

Description from listing agent

PRICED TO SELL! Located in Melbourne in Palmwood community. This 4-bedroom, 3-bath, 2-story home sits toward the end of the neighborhood by the cul-de-sac with only 59 homes total in the community. Enjoy the rare convenience of TWO PRIMARY Suites with one upstairs and one downstairs. Freshly painted inside and out, with brand-new carpet upstairs, stylish LVP downstairs, and a 2023 roof, 2017 AC and WH, Taexx built-in pest control, custom hurricane covers with mounts, and a security system provide peace of mind. The extended paver driveway leads to a 2-car garage. Relax or entertain on the huge screened porch overlooking a private fenced backyard with no rear neighbors. Just minutes to I-95, beaches, shopping, dining, and all that Melbourne has to offer. Homes with these features, location and price are rare. Schedule your showing today! Be sure to look at all the photos to include floor plans. Great for an investment home also!

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
L3Harris4.6 mi~10 min
Northrop4.7 mi~10 min
Blue Origin25.8 mi~57 min
SpaceX26.4 mi~59 min
Lockheed26.5 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
  • 1/15/26
    Listed
    $299K
    $158/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
0.12 acres (5,227 sqft)
Full Baths
3
Garage
2 car
HOA Fee
$375/mo
Days on Market
160
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 15, 2026
Parcel #
27-36-23-Ud-00000.0-0028.00
$299K

Listing Agent (for property info)

S
Sandy K Fahnestock
Denovo Realty
321-266-9999
Call Listing Agent

Estimated Monthly Payment

$2,399/mo
Principal & interest
$1,575
Property taxes
$299
Insurance & HOA
$525

Based on a 6.90% rate, 30-year loan, and $299K price — down payment shown: $59,800.

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# 1066616

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Equal Housing Opportunity

MLS# 1066616 · Listing Broker: Denovo Realty · 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.