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For SaleSingle Family Home
$399K
4959 Erin Lane, Melbourne, FL 32940
Baytree neighborhood
Subdivision: Live Oak Phase 1
3
Bedrooms
2
Bathrooms
1,572
Sq Ft
1994
Year Built
$254 /sqft

About This Property

Description from listing agent

Discover this solid concrete block, waterfront, pool home in a highly convenient & desirable Melbourne neighborhood. Offering tranquil lakefront living with breathtaking sunset views from the expansive screened pool lanai, this well-appointed residence seamlessly blends comfort with functionality. The updated kitchen shines with quartz countertops, rich oak cabinetry, and stainless steel appliances, while natural gas services the range, oven, and water heater for efficiency and performance. Step outside to a nature-rich, backyard oasis ideal for enjoying peaceful evenings by the water. Minutes to shopping, dining, great schools, area businesses and white sand beaches, this home truly delivers a refined waterfront lifestyle. Priced to sell!

Space Coast Context

🚀 Launch Viewing — Good Views

26.2 mi from SLC-40

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

Aerospace Commute Guide
Northrop5 mi~11 min
L3Harris6.6 mi~15 min
Blue Origin20.9 mi~47 min
SpaceX21.5 mi~48 min
Lockheed21.6 mi~48 min
Boeing/KSC22.7 mi~51 min
KSC23.1 mi~51 min

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
  • 11/21/25
    Listed
    $399K
    $254/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 2 comparable sales in this area in the last 180 days.(limited data — interpret with caution)

Price vs. Comparable Sales
3.9% below market
Median comparable close price: $415,000
Typical Offer Discount
99.1% of list price
At that rate, a competitive offer ≈ $395,227
Price Reductions
No reductions
Listed price has not changed since hitting the market
See & adjust the 2 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
0.16 acres (6,970 sqft)
Full Baths
2
Garage
2 car (attached)
HOA Fee
$189/mo
Waterfront
Yes
Pool
Yes
Days on Market
286
MLS Area
322 - NE Melbourne/Palm Shores

Community & HOA

HOA

  • Name: Live Oak HOA
  • Fee: $189 / annually

Schools

Elementary

Sherwood

Middle School

DeLaura

High School

Satellite

Financial & Listing Details

Listed
Nov 29, 2025
Parcel #
26-37-30-52-0000a.0-0034.00
$399K

Listing Agent (for property info)

D
David Settgast
One Sotheby's International
321-543-1187
Call Listing Agent

Estimated Monthly Payment

$2,840/mo
Principal & interest
$2,102
Property taxes
$399
Insurance & HOA
$339

Based on a 6.90% rate, 30-year loan, and $399K price — down payment shown: $79,800.

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# 1062740

What's Nearby

restaurants
Foxtail Coffee Company
0.2 mi away
coffee shops
Foxtail Coffee Company
0.2 mi away
grocery
Sprouts Farmers Market
0.2 mi away
restaurants
Chipotle
0.3 mi away
restaurants
Bojangles'
0.3 mi away
restaurants
Einstein Bros. Bagels
0.4 mi away
restaurants
Dutch Bros. Coffee
0.5 mi away
coffee shops
Dutch Bros. Coffee
0.5 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1062740 · Listing Broker: One Sotheby's International · 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.