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For SaleCondominium
$255K
4948 Lake Waterford Way W #203-2, Melbourne, FL 32901
South Melbourne neighborhood
Subdivision: The Gables II at Lake In The Woods Ph IV
2
Bedrooms
2
Bathrooms
1,525
Sq Ft
1987
Year Built
$167 /sqft

About This Property

Description from listing agent

Beautifully updated Villa. 1 level with no one above you. This floorplan has the added family room at the rear for extra sq. ft. 2 br. 2 ba. 1 car Garage. The Granite kitchen has stainless steel appliances, and cabinets are newer, extra cabinets were added for pantry space with pull-outs. Eat in kitchen in the bay window. The wall was removed, opening it up to the living area, and a breakfast bar installed with nice stonework matching the backsplash. Large living room with 2 sided fireplace going into the rear family room. Inside was just freshly painted. Beautiful and durable wood look tile is throughout this Villa. Crown molding installed throughout. Both bathrooms were recently remodeled with new vanities and showers. A/c and roof are approximately 5 years old. Hurricane shutters. The $400 H.O.A fee includes so much including: cable t.v. & high speed internet, pool, lawn/landscaping, and insurance, exterior maintenance, trash pickup & roof replacements..

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
  • 1/24/26
    Listed
    $255K
    $167/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
0.15 acres (6,534 sqft)
Full Baths
2
Garage
1 car
Fireplaces
1
HOA Fee
$400/mo
Waterfront
Yes
Days on Market
148
MLS Area
330 - Melbourne - Central

Community & HOA

HOA

  • Name: Lake in the Woods
  • Fee: $400 / monthly

Schools

Elementary

Riviera

Middle School

Stone

High School

Palm Bay

Financial & Listing Details

Listed
Jan 24, 2026
Parcel #
28-37-21-00-00041.F-0000.00
$255K

Listing Agent (for property info)

J
Jeff C Chancey
BHHS Florida Realty
321-698-4428
Call Listing Agent

Estimated Monthly Payment

$2,148/mo
Principal & interest
$1,343
Property taxes
$255
Insurance & HOA
$550

Based on a 6.90% rate, 30-year loan, and $255K price — down payment shown: $50,980.

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# 1067488

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Equal Housing Opportunity

MLS# 1067488 · Listing Broker: BHHS Florida 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.