Back 4490 El Dorado Way
Off Market

4490 El Dorado Way

Melbourne FL 32934

52708 sq. ft.
Land
Last sold for $330,000
Lauren Merrell PALauren Merrell PA, last sold this property on 21 May 2026 after 223 days on market.

Overview

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.

Features

52708 sq. ft. lot size
Land

Estimated Value

Based on this property and similar land plots sold in Melbourne over the last 12 months, the estimated median property value of 4490 El Dorado Way is $247.5k.

Median value
$247.5k
Estimated value range
$85k - $330k
Median days on market
14
Estimated value trend
-24%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Melbourne. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 4490 El Dorado Way

2026
Sold
$330,000
21 May 2026 by Lauren Merrell PA, of DALE SORENSEN REAL ESTATE, INC
2025
Sold
$270,000
16 May 2025 by Amy Moon, of RLL Real Estate Group

Happy sellers in Melbourne

88%
88% of sellers in Melbourne reported that their sale price either exceeded or met their price expectations.

Melbourne stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 13 reviews in Melbourne over the last 12 months.

Local market activity for land plots in Melbourne

In the last 12 months, 3 land plots similar to 4490 El Dorado Way, have been sold.

This represents a 20% increase in land plots sales when compared to the previous 12 months.

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