4505 Eldorado Way, Melbourne, FL 32934
$979,000
Property Type:
Residential
Bedrooms:
4
Baths:
3
Square Footage:
2,094
Lot Size (sq. ft.):
217,800
Status:
Active
Current Price:
$979,000
List Date:
10/26/2025
Last Modified:
4/28/2026
Description
Lifestyle & Income: The Ultimate Multi-Use Estate Near Lake Washington! Nestled on a sprawling 5-acre tract of land in a park-like setting, this rare opportunity offers a turnkey lifestyle with income. Current set-up offers horse boarding and immediate revenue. Also great for enthusiasts of boats, car collectors and more, with ample space for vehicle storage, workshops, etc... The remodeled home has 4 bedrooms, 3 bathrooms, including two spacious primary suites, making it ideal for multi-generational living. There are 2 Barns (17 stalls total), Lighted Riding Arena, Lunge Pen, 4 Pastures, 3 Wash Racks, 2 Tack rooms. The back yard oasis includes a grilling gazebo, larger gazebo outside the riding arena, fire pit & above-ground pool. Whether you're looking to run a thriving boarding business, house a massive car collection, or enjoy a private estate near the water, this property delivers it all. Live your Passion. Grow your income. Welcome home! Read on - more.....
Supplements: THE HOUSE -2018 Roof, 2017 Plumbing, 5-year-old Water Heater, 3-year-old kitchen appliances -2-car attached garage plus a 4-bay covered carport -Beautiful newer tile flooring throughout the home -Large Hallway bathroom has Claw Tub, Glass doors to shower, private toilet, double sink, storage area & tiled walls. -The Main Primary Suite is large and has a Walk-in Closet, double vanity sink, tile shower and a sliding barn door. -Family room has a beautiful tongue and groove ceiling and opens to the kitchen and dining rooms & has a door out to the porch. -Kitchen has deep sinks, a disposal and lots of pantry space. -All 4 bedrooms have sliding barn doors. -Knock-down ceilings throughout the home -Owners prefer well water, but city water is available in front of the house if buyer wants to hook into city water. THE BARN/HORSE AREA -This is currently an Income-Producing Facility -Large lighted arena approximately 200x100. -Large Lunge Pen -Con-X Container used to store all Feed (approx. 20x10) conveys with the property. -Main Barn Stalls are 12x12, except two are 10x12. -Main Barn has roll-down door on front. -Stalls bottoms are shell/sand base with sawdust. -Horse Walker has shell footing underneath it. -Main Barn has sliding stall doors. -Back barn; 2 stalls have paddocks. -4 Pastures fenced with 4x4 wire and electric hotwire on top. -There are two 30-amp hookups for horse trailers/RV's THE PROPERTY: -Two separate 2.5 Acre Tracts; the home and 2.5 acres is in the city of Melbourne, and the back portion is in the county. -Current use is Agricultural on the 5 acres. -The property drains well - ditches on all sides. -12x20 Shed has water equipment & storage area.
More Information MLS# 1060515
Currently Not Used
Homestead YN: Yes
Location, Tax, and Legal
Tax Account: 2701119
Parcel Number: 27-36-11-00-00275.0-0000.00
General County Location: South
Elementary School: Sabal
Middle School: Johnson
High School: Eau Gallie
Tax Annual Amount: 3038
Tax Year: 2024
Zoning Description: Agricultural
Directions: From Lake Washington Road: take Lakecrest North, Right on Lakeglen, Right on Lakemont Left on Lakepoint, Left onto Mustang, Right on Pinto, then left on Eldorado Way to end. No Sign
General Property Information
Bathrooms Half: 0
Living Area: 2094
Living Area Source: Assessor
Lot Size Acres: 5
Lot Size Square Feet: 217800
Accessibility Features YN: No
Association YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: Yes
Carport Spaces: 4
Waterfront YN: No
Senior Community YN: No
CDD Fee YN: No
Community Fee(s) YN: No
Furnished: Unfurnished
Stories: 1
Direction Faces: East
Pool Private YN: Yes
List Price/SqFt: 467.53
Bedrooms Total: 4
Bathrooms Total: 3
Bathrooms Full: 3
Year Built: 1975
Remarks and Miscellaneous
Public Remarks: Lifestyle & Income: The Ultimate Multi-Use Estate Near Lake Washington! Nestled on a sprawling 5-acre tract of land in a park-like setting, this rare opportunity offers a turnkey lifestyle with income. Current set-up offers horse boarding and immediate revenue. Also great for enthusiasts of boats, car collectors and more, with ample space for vehicle storage, workshops, etc... The remodeled home has 4 bedrooms, 3 bathrooms, including two spacious primary suites, making it ideal for multi-generational living. There are 2 Barns (17 stalls total), Lighted Riding Arena, Lunge Pen, 4 Pastures, 3 Wash Racks, 2 Tack rooms. The back yard oasis includes a grilling gazebo, larger gazebo outside the riding arena, fire pit & above-ground pool. Whether you're looking to run a thriving boarding business, house a massive car collection, or enjoy a private estate near the water, this property delivers it all. Live your Passion. Grow your income. Welcome home! Read on - more.....
Appliances
Dishwasher: 1
Disposal: 1
Dryer: 1
Electric Cooktop: 1
Electric Oven: 1
Electric Water Heater: 1
Ice Maker: 1
Refrigerator: 1
Washer: 1
Construction Materials
Block: 1
Stucco: 1
Cooling
Central Air: 1
Electric: 1
Current Use
Agricultural: 1
Farm: 1
Horses: 1
DPR Eligible
DPR Eligible: No
Exterior Features
Fire Pit: 1
Fencing
Fenced: 1
Wire: 1
Fireplace Features
Fireplaces Total: 1
Flooring
Tile: 1
Heating
Central: 1
Electric: 1
Hot Water: 1
Interior Features
Breakfast Bar: 1
Ceiling Fan(s): 1
Eat-in Kitchen: 1
Primary Bathroom - Shower No Tub: 1
Walk-In Closet(s): 1
Laundry Features
Electric Dryer Hookup: 1
In Garage: 1
Sink: 1
Washer Hookup: 1
Legal Details
Permission Granted to Advertise: Yes
Listing Terms
Cash: 1
Conventional: 1
FHA: 1
USDA Loan: 1
VA Loan: 1
Lot Features
Agricultural: 1
Cleared: 1
Dead End Street: 1
Farm: 1
Other Structures
Barn(s): 1
Gazebo: 1
Stable(s): 1
Parking Features
Additional Parking: 1
Attached: 1
Carport: 1
Detached Carport: 1
Garage Door Opener: 1
Patio And Porch Features
Porch: 1
Rear Porch: 1
Pool Features
Above Ground: 1
Possession
Close Of Escrow: 1
Road Frontage Type
City Street: 1
Road Surface Type
Paved: 1
Roof
Shingle: 1
Security Features
Smoke Detector(s): 1
Sewer
Septic Tank: 1
Special Listing Conditions
Standard: 1
Utilities
Cable Connected: 1
Electricity Connected: 1
Water Connected: 1
Water Source
Well: 1
Showing Requirements
Appointment Only: 1
Listing Agent Must Accompany: 1
Showing Service: 1
Showing Considerations
Occupied: 1
Pet(s) on Premises: 1
Property Condition
Updated/Remodeled: 1
Contract Information
Current Price: $979,000
Original List Price: 1200000
List Price: $979,000
Status: Active
Listing Contract Date: 2025-10-26
Property Sub Type: Single Family Residence
Location Tax and Legal
Street Number: 4505
Street Name: Eldorado
Street Suffix: Way
County: Brevard
State: FL
Postal Code: 32934
MLS Area Major: 321 - Lake Washington/S of Post
Subdivision Name: None
Status Change Information
Major Change Timestamp: 2026-04-27T21:12:58Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-04-27T21:12:58Z
Status Change Timestamp: 2025-10-26
Property Features
Appliances: Dishwasher; Disposal; Dryer; Electric Cooktop; Electric Oven; Electric Water Heater; Ice Maker; Refrigerator; Washer
Construction Materials: Block; Stucco
Cooling: Central Air; Electric
Current Use: Agricultural; Farm; Horses
Exterior Features: Fire Pit
Fencing: Fenced; Wire
Flooring: Tile
Heating: Central; Electric; Hot Water
Interior Features: Breakfast Bar; Ceiling Fan(s); Eat-in Kitchen; Primary Bathroom - Shower No Tub; Walk-In Closet(s)
Laundry Features: Electric Dryer Hookup; In Garage; Sink; Washer Hookup
Listing Terms: Cash; Conventional; FHA; USDA Loan; VA Loan
Lot Features: Agricultural; Cleared; Dead End Street; Farm
Other Structures: Barn(s); Gazebo; Stable(s)
Parking Features: Additional Parking; Attached; Carport; Detached Carport; Garage Door Opener
Patio And Porch Features: Porch; Rear Porch
Pool Features: Above Ground
Possession: Close Of Escrow
Property Condition: Updated/Remodeled
Road Frontage Type: City Street
Road Surface Type: Paved
Roof: Shingle
Security Features: Smoke Detector(s)
Sewer: Septic Tank
Showing Requirements: Appointment Only; Listing Agent Must Accompany; Showing Service
Special Listing Conditions: Standard
Utilities: Cable Connected; Electricity Connected; Water Connected
Water Source: Well
Showing Considerations: Occupied; Pet(s) on Premises
Seller's Disclosure ›
Listing Office:
Charles Rutenberg Realty
Last Updated: April - 28 - 2026
Information is deemed to be reliable, but is not guaranteed.