About This Property
Description from listing agentWelcome to 586 Wethersfield Place, an unparalleled luxury sanctuary nestled in the heart of Melbourne, Florida. This exquisite property redefines opulence offering discerning buyers a unique blend of grandeur and privacy. A Masterpiece of Architectural Excellence and constructed with the utmost attention to detail, this property stands proudly on a solid concrete poured block foundation, meticulously reinforced with double steel rebar ensuring both strength and security. Imagine waking up to the serene views of a protected wildlife preserve while enjoying complete privacy on this north-south-oriented lot. The award-winning landscape, designed by Susan Hall, enhances the beauty of this estate with antique, reclaimed Chicago brick adding layers of history and character. Dive into relaxation with your own 85,000-gallon saltwater pool and spa, bathed in sunlight for 12 hours daily, yet cleverly designed to keep the home cool.
Space Coast Context
🚀 Launch Viewing — Good Views
25.3 mi from SLC-40
25.3 miles from SLC-40 — visible on clear days, especially at night.
Estimates only — verify with Google Maps.
Flood Risk
Special Flood Hazard Area (1% annual chance). Flood insurance is federally required for mortgages.
Estimated flood insurance: $2,000 – $6,000+ / yr — varies by coverage, elevation & insurer
Source: FEMA National Flood Hazard Layer. Insurance estimates are ranges only — get a quote for accurate pricing.
Offer Intelligence
Price history and market context for this listing.
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.
Location
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Community & HOA
HOA
- Name: Suntree Masters
- Fee: $464 / annually
Schools
Elementary
Suntree
Middle School
DeLaura
High School
Viera
Financial & Listing Details
Estimated Monthly Payment
- Principal & interest
- $25,027
- Property taxes
- $4,750
- Insurance & HOA
- $614
Based on a 6.90% rate, 30-year loan, and $4.8M price — down payment shown: $950,000.
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.
