4505 Eldorado Way, Melbourne, FL 32934 (MLS# 1060515)

(321) 951-0322

(800) 545-5687

738 Malabar Road SE

Palm Bay, FL 32907

Mon-Fri 9:00 am to 5:45 pm

Saturday 10:00 am - 2:00 pm

4505 Eldorado Way, Melbourne, FL 32934

$950,000

Virtual Tour

https://www.propertypanorama.com/instaview/spc/1060515

Virtual Tour

https://track.pstmrk.it/3/player.vimeo.com%2Fvideo%2F1130551198%3Floop%3D1%26title%3D0%26byline%3D0%26portrait%3D/cUpU/F-HAAQ/AQ/140c225b-91a7-47ac-a254-0e2b7373d2a9/1/6ML-MV2DBe

Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 2,094 Lot Size (sq. ft.): 217,800 Status: Active

Current Price: $950,000 List Date: 10/26/2025 Last Modified: 5/27/2026

Overview

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 ... (Read more)

Listing Details MLS# 1060515

General Property Information

Bedrooms Total: 4
Bathrooms Total: 3
Bathrooms Full: 3
Living Area: 2094
Living Area Source: Assessor
Accessibility Features YN: No
New Construction YN: No
Year Built: 1975
Garage YN: Yes
Garage Spaces: 2
Carport Spaces: 4
Lot Size Acres: 5
Association YN: No
CDD Fee YN: No
Community Fee(s) YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories: Yes
Direction Faces: East
Senior Community YN: No
Pool Private YN: Yes
List Price/SqFt: 453.68
Bathrooms Half: 0
Lot Size Square Feet: 217800
Carport YN: Yes

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

Contract Information

OriginalListPrice: 1200000
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

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.....

Status Change Information

Major Change Timestamp: 2026-05-27T20:45:08Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-05-27T20:45:08Z
StatusChangeDate: 2025-10-26

More Information

DPR Eligible

DPR Eligible: No

Fireplace Features

Fireplaces Total: Yes

Legal Details

Permission Granted to Advertise: Yes

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

Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Electric Cooktop: Yes
Electric Oven: Yes
Electric Water Heater: Yes
Ice Maker: Yes
Refrigerator: Yes
Washer: Yes

Construction Materials

Block: Yes
Stucco: Yes

Cooling

Central Air: Yes
Electric: Yes

Current Use

Agricultural: Yes
Farm: Yes
Horses: Yes

Exterior Features

Fire Pit: Yes

Fencing

Fenced: Yes
Wire: Yes

Flooring

Tile: Yes

Heating

Central: Yes
Electric: Yes
Hot Water: Yes

Interior Features

Breakfast Bar: Yes
Ceiling Fan(s): Yes
Eat-in Kitchen: Yes
Primary Bathroom - Shower No Tub: Yes
Walk-In Closet(s): Yes

Laundry Features

Electric Dryer Hookup: Yes
In Garage: Yes
Sink: Yes
Washer Hookup: Yes

Listing Terms

Cash: Yes
Conventional: Yes
FHA: Yes
USDA Loan: Yes
VA Loan: Yes

Lot Features

Agricultural: Yes
Cleared: Yes
Dead End Street: Yes
Farm: Yes

Other Structures

Barn(s): Yes
Gazebo: Yes
Stable(s): Yes

Parking Features

Additional Parking: Yes
Attached: Yes
Carport: Yes
Detached Carport: Yes
Garage Door Opener: Yes

Patio And Porch Features

Porch: Yes
Rear Porch: Yes

Pool Features

Above Ground: Yes

Possession

Close Of Escrow: Yes

Road Frontage Type

City Street: Yes

Road Surface Type

Paved: Yes

Roof

Shingle: Yes

Security Features

Smoke Detector(s): Yes

Sewer

Septic Tank: Yes

Special Listing Conditions

Standard: Yes

Utilities

Cable Connected: Yes
Electricity Connected: Yes
Water Connected: Yes

Water Source

Well: Yes

Showing Requirements

Appointment Only: Yes
Listing Agent Must Accompany: Yes
Showing Service: Yes

Showing Considerations

Occupied: Yes
Pet(s) on Premises: Yes

Property Condition

Updated/Remodeled: Yes

Documents

Seller's Disclosure ›

Flood Disclosure ›

Lead Based Paint Disclosure ›

Listing Office: Charles Rutenberg Realty

Last Updated: May - 27 - 2026

Information is deemed to be reliable, but is not guaranteed.