When was property at 4490 El Dorado Way built and last sold?

The property at 4490 El Dorado Way was built in 1975 and last sold on Jan 1, 1970 for $0.

How much is this home worth?

The estimated value of the home located at 4490 El Dorado Way is $348,450.

What are some comparable homes to 4490 El Dorado Way?

There are currently no comparable homes to 4490 El Dorado Way.

Melbourne

32934

4490 Eldorado Way

$330,000

● Land - Off Market

4490 Eldorado Way

Melbourne, FL 32934

Studio

0 Bath

$1,913

Est. Monthly

About This Property

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.

Unit Size

Days on Market

224 days

Land Size

1.21 acres

Price per sqft

Property Type

Land

Property Taxes

$218

HOA Dues

Year Built

1975

Payment Calculator

Cap Rate Calculator

Last updated: 6 months ago (Space Coast MLS #1059239)

Price History

Date / Event	Date	Event
May 21, 2026	Sold	Premium
Sold
Mar 12, 2026	In contract	-
In contract
Feb 13, 2026	Price Decreased	$345,000 ↓ $10K (2.8%)
Price Decreased
Dec 11, 2025	Relisted	$385,000
Relisted
Dec 11, 2025	Price Decreased	$355,000 ↓ $30K (7.8%)
Price Decreased
Dec 2, 2025	In contract	-
In contract
Nov 13, 2025	Price Decreased	$385,000 ↓ $15K (3.7%)
Price Decreased
Nov 6, 2025	Relisted	$399,900
Relisted
Oct 29, 2025	In contract	-
In contract
Oct 9, 2025	Listed by Dale Sorensen Real Estate Inc.	$399,900
Listed by Dale Sorensen Real Estate Inc.
May 16, 2025	Sold	Premium
Sold
Apr 22, 2025	In contract	-
In contract
Apr 21, 2025	Listed by RLL Real Estate Group	$274,900
Listed by RLL Real Estate Group

	INVESTOR ALERT!!! Here is your chance to build the home of your dreams on one of the few lots of land left available in the Lake Washington area that are not restricted by an HOA. This well established and well maintained neighborhood is waiting for you to call it home. The property is located at the dead end of a quiet street. Your home can be your oasis, yet you are close to all of the main roadways, shops and schools, There is an abandoned home on the property that is uninhabitable. Take it down completely and start fresh OR take it to the foundation and build up from there.

Property Highlights

Building Info

Overview

General

Year Built: 1975

Effective Year Built: 2000
Building Count: 1
Bedroom Count: 5
Bathroom Count: 2
Full Bathrooms: 2
Partial Bathrooms: 2
Bathroom Plumbing Fixtures: 8
Building Condition: 0
Building Quality: 7
Construction Type: 12
Building Style: 0
Exterior Walls Type: 12
Interior Walls Type: 0
Roof Shape Type: 7
Roof Cover Type: 15
Floor Count: 100
Living Units: 1
Floor Cover: 0
Basement Type: 0
Basement Area: 0
Garage Type: 1
Garage Square Area: 504
Parking Space Count: 2
Patio Type: 5
Porch Type: 35
Pool Type: 0
Location Influence Type: 179

Dimensions

Lot Size Square Feet: 52,708

Total Building Area: 3,320
Gross Building Area: 3,320
Building Area: 2,316
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 1

Heating: 3
Heated Square Feet: 2,316
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Land Acres: 0000001210
Standard Land Use Code: 1001
County Land Use Code: 0110
State Land Use Code: 001
Legal Description 1: NW 1/4 OF NW 1/4 OF NE 1/4 OF NW 1/4 EX RD R/W A/K/A TRACT 32 OF COUNTRY GENTLEMEN HORSE RANCHETTES UNRECD SUBD EX E 145 FT

Neighborhood

School District Name: Brevard County School District

Census Tract: 064126

Zoning

Zoning: REU

Geography

Assessors Map Reference: 272

Account Number: 2701122
Subdivision Tract Number: 32
Parcel: 27-36-11-00-00278.0-0000.00
Block: 278
Meridian: SEC 11 TWN 27S RNG 36E
Municipality: MELBOURNE
Latitude: 28.1567
Longitude: -80.7004

Address

Full Address: 4490 Eldorado Way

Address - House Number: 4490
Address - Street Name: Eldorado
Address - Suffix Type: Way
State: FL
City Name: Melbourne
Carrier Code: R058
4-Digit Zip Code: 7785
Zip Code: 32934

Valuation

Tax

Total Area: 2,765

Tax Year: 2022
Tax Amount: $245,320
Tax Rate Code Area: 43K0

Appraisal Valuation

Standard Deviation: 0.1809

Valuation Date: Jan 03, 2024
Confidence Score: 76
Final Value: 589,684
High Value: 696,381
Low Value: 482,988

Market Valuation

Market Total Value: $374,970

Assessments Valuation

Assessed Year: 2022

Assessed Total Value: $179,170

Exemptions

Homeowner Exemption: Yes

Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Melbourne

Stats & Trends

Median Asking:

$310,000

Sale Price/ft²

$214

Below Asking

0.03%

Average Days on Market

Average Home Size

1607 ft²

Average Home Age

40 years

Currently For Sale

339 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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$2,800 /mo

4 Beds
2 Baths
2,352 ft²

3643 Bluefield Avenue, Melbourne, FL, 32934 Listing by Monica McKune

Unit for rent at 2258 Pangea Circle, Melbourne, FL, 32940

$4,495 /mo

3 Beds
2 Baths
2,350 ft²

2258 Pangea Circle, Melbourne, FL, 32940 Listing by Kaitlyn Mae Gonzalez

Unit for rent at 3133 Cauthen Creek Drive, Melbourne, FL, 32934

$2,450 /mo

3 Beds
2 Baths
2,195 ft²

3133 Cauthen Creek Drive, Melbourne, FL, 32934 Listing by Lisa Lantrip

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Lauren Merrell PA, Dale Sorensen Real Estate Inc.
Last Updated: 6 months ago
Data Source: Space Coast MLS, MLS# 1059239

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

4490 Eldorado Way

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Zoning

Geography

Valuation

Comparables

About Melbourne

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions