$345,000
$55K PRICE DROP

4490 Eldorado Way Melbourne, FL 32934

Estimated payment $1,990/month

Total Views 33,883
1.21 Acres
$285,124 Price per Acre
52,708 Sq Ft Lot

Highlights

  • View of Trees or Woods
  • No HOA
  • Home Under Construction
  • 1.21 Acre Lot

About This Lot

Rare opportunity on 1.21 acres in Melbourne's Lake Washington area. The original home has been removed, leaving a solid concrete block foundation and shell—ideal for rebuilding without starting completely from scratch. The property has been cleaned up while preserving mature trees that provide privacy and a natural setting. There is ample space for a custom single-family home, pool, workshop, and boat or RV parking. Whether your vision is modern, farmhouse, or multigenerational living, this property offers flexibility and acreage that's increasingly hard to find in this area. Bring your builder and your plans and make it your own.

Listing Agent

Lauren Merrell P.A.

Dale Sorensen Real Estate Inc. License #3212728 Listed on: 10/09/2025

Dale Sorensen Real Estate Inc.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,619

Lot Details

  • 1.21 Acre Lot
  • Street terminates at a dead end
  • Cleared Lot

Home Design

  • Home Under Construction

Schools

  • Sabal Elementary School
  • Johnson Middle School
  • Eau Gallie High School

Additional Features

  • Views of Woods
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 27-36-11-00-00278.0-0000.00

Property Details

Property Type

Land

Est. Annual Taxes

$2,619

Lot Details

1.21 Acres

Listing Details

  • Property Type: Land
  • Reso Property Sub Type: Unimproved Land
  • ResoLotFeatures: Cleared, Dead End Street
  • Reso View: Trees/Woods
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: None
  • Location Tax and Legal Parcel Number2: 27-36-11-00-00278.0-0000.00
  • Location Tax and Legal Elementary School: Sabal
  • Location Tax and Legal Middle School2: Johnson
  • Location Tax and Legal High School: Eau Gallie
  • Location Tax and Legal Tax Annual Amount: 2618.51
  • Location Tax and Legal Tax Year2: 2024
  • General Property Information Lot Size Acres: 1.21
  • General Property Information Lot Size Square Feet2: 52708.0
  • General Property Information Waterfront YN: No
  • General Property Information Senior Community YN: No
  • Lot Features Dead End Street: Yes
  • Water Source Public: Yes
  • Utilities Water Available: Yes
  • View TreesWoods: Yes
  • Utilities Electricity Available: Yes
  • General Property Information Land Lease YN2: No
  • General Property Information CDD Fee YN: No
  • Utilities Water Connected: Yes
  • Development Status Under Construction2: Yes
  • Marketing Remarks:Marketing Remarks: Rare opportunity on 1.21 acres in Melbourne's Lake Washington area. The original home has been removed, leaving a solid concrete block foundation and shell—ideal for rebuilding without starting completely from scratch. The property has been cleaned up while preserving mature trees that provide privacy and a natural setting. There is ample space for a custom single-family home, pool, workshop, and boat or RV parking. Whether your vision is modern, farmhouse, or multigenerational living, this property offers flexibility and acreage that's increasingly hard to find in this area. Bring your builder and your plans and make it your own.
  • General Property Information Water Body Access YN3: No
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Exterior Features

  • Acres: 1.21
  • Waterfront: No
  • Lot Features:Cleared: Yes

Utilities

  • Utilities: Electricity Available, Water Available, Water Connected
  • Water Source: Public
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Middle Or Junior School: Johnson

Lot Info

  • Current Use: Residential, Single Family
  • Land Lease: No
  • Lot Size Sq Ft: 52708.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 27-36-11-00-00278.0-0000.00

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 2618.51

MLS Schools

  • Elementary School: Sabal
  • High School: Eau Gallie

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,686 $195,580 -- --
2024 $2,619 $190,070 -- --
2023 $2,619 $184,540 -- --
2022 $2,453 $179,170 $0 $0
2021 $2,480 $173,960 $0 $0
2020 $2,452 $171,560 $0 $0
2019 $2,468 $167,710 $0 $0
2018 $2,461 $164,590 $0 $0
2017 $2,462 $161,210 $0 $0
2016 $2,527 $157,900 $87,120 $70,780
2015 $2,577 $156,810 $78,650 $78,160
2014 $2,538 $155,570 $66,550 $89,020
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/13/2026 02/13/26 Price Changed $345,000 -2.8% --
12/10/2025 12/10/25 Price Changed $355,000 -7.8% --
11/13/2025 11/13/25 Price Changed $385,000 -3.7% --
10/09/2025 10/09/25 For Sale $399,900 +48.1% --
05/16/2025 05/16/25 Sold $270,000 -1.8% $117 / Sq Ft View Prior Sale
04/21/2025 04/21/25 Pending -- -- --
04/21/2025 04/21/25 For Sale $274,900 -- $119 / Sq Ft
Source: Space Coast MLS (Space Coast Association of REALTORS®)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $270,000 Celebration Title
Warranty Deed $270,000 Celebration Title
Quit Claim Deed $100 None Listed On Document
Quit Claim Deed $100 None Listed On Document
Source: Public Records

About the Listing Agent

Lauren Merrell P.A.

Dale Sorensen Real Estate Inc.

(321) 321-4358

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Growing up in Brevard County, Florida, Lauren developed a true love of the area and the distinct features that make Florida’s Space Coast so special. After attending the University of Central Florida, she started a marketing career in Orlando. When she decided to start a family, she made the choice to move back to Brevard County, knowing there is no better place to raise a family than where she grew up.

Laruen started her real estate career in 2008 during the real estate recession. While

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Source: Space Coast MLS (Space Coast Association of REALTORS®)

MLS Number: 1059239

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 27-36-11-00-00278.0-0000.00

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