, MELBOURNE, FL, 32940
Active240 days on marketListed Nov 21, 2025MLS #R11142618
About this home
Welcome 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.
Facts & features
The home at a glance
8
Bedrooms
9.5
Bathrooms
10,869
Sqft
1.77 ac
Lot size
8
Garage
2007
Year built
3
Levels
$437
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record and the real association fee — not generic estimates.
$29,736 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$29,736/mo
Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
$/sqft vs Melbourne actives
$437 vs $221
Days on market
240 vs 21 typical
Where $437/sqft sits among the 69 Melbourne actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Melbourne
Drive times from this address
Get to know Melbourne. See the full Melbourne guide →
MELBOURNE 32940 — neighborhood snapshot
Population
49,288
Median age
48.1
Median income
$106,511
Median home value
$444,100
Avg household
2.42
Households w/ children
5,209
For the school run
Brevard County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Melbourne market
$404K → $320K
Melbourne median sold, yr/yr
97.9%
Sale-to-list ratio (12 mo)
25 of 69
Melbourne actives have cut their price
Median sold price, Melbourne, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 890% above the MELBOURNE 32940 median. See the full Melbourne market guide →
Paper trail
This home's history
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Kerry Perro
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to Kerry's phone and CRM.
Straight answers
FAQs
What would the monthly payment be for ?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $29,736/mo — principal and interest, the actual property-tax bill, the $464/mo association fee and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
How much are the HOA fees at ?+
The association fee works out to $464 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on ?+
The most recent tax bill on record (2025) was $20,396. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at ?+
The listing reports pets: Yes. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Melbourne?+
At $4,750,000, this home is listed about 1074% above the Melbourne median of $404,555. The market section on this page shows how the area is trending.
Which schools are assigned to ?+
Viera High School (high), Manatee Elementary School (elementary), John F. Kennedy Middle School (middle) — Brevard County School District. Always verify school assignments with the district before relying on them.
The brief
Four things that matter here
01Positioned at the premium end
$4,750,000 runs 890% above the MELBOURNE 32940 median — but at 10,869 sqft it's also nearly 6 times the size of the typical Melbourne listing.
02Your own pool
A private pool — the feature Florida buyers ask for first, already in the ground and included in the price.
03Time on market is leverage
240 days on market against a Melbourne median of 21 — sellers in this position are usually ready to negotiate.
04Strong assigned schools
Viera High School, Manatee Elementary School, John F. Kennedy Middle School — Viera High School rates 4 of 5. Always verify assignments with the district.
Keep looking
Similar homes nearby
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. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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