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Residential Land for Sale in Melbourne, Florida

4490 Eldorado Way, Melbourne, FL 32934

$345,000
1.2 acres
Active
$10k drop
Est $2,544/mo

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.

Location

Street address
4490 Eldorado Way
Community
Lake Washington/S of Post
Elevation
25 feet
Coordinates
28.1567, -80.7004

Directions

From Eau Gallie turn north onto Turtlemound. Turn left onto lake breeze, right on lakeland, right on Lake Point follow around the corner, the street will become Mustang. Right on Pinto, Left on Eldorado

Property details

Acreage
1.21 acres
MLS #
SCAOR 1059239
Posted

Property taxes

2024
$2,619

Parcels

  • 27-36-11-00-00278.0-0000.00

Details and features

Listing

Type
Land

Lot

Features
Cleared, Dead End Street

Structure

Water
Public
Sewer
Septic Tank

Property utilities

CategoryTypeStatus
WaterPublicAvailable

Nearby schools

NameType
SabalElementary
JohnsonMiddle
Eau GallieHigh

Listing history

DateEventPriceChangeSource
Feb 13, 2026Price drop$345,000$10,000 -2.8%SCAOR
Dec 11, 2025Back on market$355,000SCAOR
Dec 2, 2025Under contract$385,000SCAOR
Nov 13, 2025Price drop$385,000$14,900 -3.7%SCAOR
Nov 6, 2025Back on market$399,900SCAOR
Oct 29, 2025Under contract$399,900SCAOR
Oct 9, 2025New listing$399,900SCAOR
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This 1.21-acre property is located at 4490 Eldorado Way in Melbourne, FL 32934. The property is available for sale for $345,000 with a price per acre of $285,124.

Checked 2 hours ago — Updated

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