With more than 1,900 square feet of living space, two stories, soaring vaulted ceilings and beautiful lake views, this is not your typical condo! Welcome to 4680 Lake Waterford Way, Unit 4-108, an unusually spacious and updated condo ideally located in the heart of South Melbourne along Palm Bay Road. This two-story floor plan features a huge loft and an open layout that provides an exceptional amount of living space for a condo. The property has been updated with brand-new carpet, luxury vinyl plank flooring, brand-new interior and ceiling paint throughout, and new baseboards in the main living areas. The kitchen has also been updated with brand-new cabinetry and quartz countertops. The home offers abundant storage, including multiple storage closets throughout the home and spacious walk-in closets in each bedroom. Upstairs, the loft features its own full bathroom, offering exceptional flexibility for today's lifestyle. Use it as a home office, guest space, media room, or as a fourth-bedroom configuration when needed. Situated a block north of Palm Bay Road, this home puts you within easy reach of extensive shopping, restaurants, services and everyday conveniences. When it's time to commute, you are just 5 minutes from I-95 and approximately 10 minutes from Central Melbourne via convenient back roads, providing easy access to the area's aerospace industry and major employment centers. This property offers a unique opportunity for buyers looking for more space and versatility than a typical condo can provide, all at an extremely affordable price. If you're looking for a spacious, move-in-ready home in a convenient location, this one is worth seeing in person.