For SaleCondominium
$185K
4881 Lake Waterford Way W #3-208, Melbourne, FL 32901
South Melbourne neighborhood
Subdivision: The Gables II at Lake In The Woods Ph V
2
Bedrooms
2
Bathrooms
1,041
Sq Ft
1998
Year Built
$178 /sqft

About This Property

Description from listing agent

Great 1st floor Condo with a very private backyard view, backing up to a wooded area, with lots of wildlife. Also has a great view of the lake/canal.. Updated kitchen with beautiful quartz countertops. This building is newer than most in Lake in the Woods built in 1998. Nice changes like higher 10' ceilings throughout. Built in pantry in the Kitchen. Note the extended screen porch. Hardwood flooring throughout and carpet in the bedrooms. New a/c and hot water heater in 2022. Roof is 2018. Both bathrooms have new quartz countertops, sinks and faucets and toilets. The $400 H.o.a fee offers so much including: cable t.v. & high speed internet, pool, lawn/landscaping, and insurance, exterior maintenance, trash & roof replacements. The large clubhouse on the east side of stack blvd. is not included but can be joined at an additional fee.

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
Northrop5.9 mi~13 min
Blue Origin30.2 mi~1h 7m
SpaceX31.3 mi~1h 10m
Lockheed31.3 mi~1h 10m
Boeing/KSC33 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.

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
HOA Fee
$400/mo
Waterfront
Canal Non-Navigation
Days on Market
120
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
Apr 30, 2026
Parcel #
28-37-21-00-00042.T-0000.00
$185K

Listing Agent (for property info)

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

Estimated Monthly Payment

$1,709/mo
Principal & interest
$974
Property taxes
$185
Insurance & HOA
$550

Based on a 6.90% rate, 30-year loan, and $185K price — down payment shown: $36,980.

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# 1076056

What's Nearby

restaurants
Taco Bell
0.5 mi away
home improvement
ProBuild
0.5 mi away
restaurants
Jersey Mike's Subs
0.5 mi away
shopping
BP Shop
0.5 mi away
restaurants
Marco's Pizza
0.6 mi away
fire stations
Station No. 78
0.7 mi away
shopping
Bee Back Food Mart
0.7 mi away
restaurants
7 Brew Coffee
0.7 mi away

Interested in this property?

Equal Housing Opportunity

MLS# 1076056 · 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.