$950,000
4505 Eldorado Way, Melbourne, Fl 32934
Melbourne, FL 32934
Listing updated: July 17, 2026 at 6:53 PM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
Garage spaces
About this home
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..... 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.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history
- Status: ActiveOct 26, 2025
- Listed$1,200,000Oct 26, 2025
- Price reduced$950,000
Documents
Facts & features
- Property type
- Residential
- Sub type
- Single Family Residence
- Status
- Active
- Subdivision
- None
- County
- Brevard
- Year built
- 1975
- Living area
- 2,094 sq ft
- Price/sq ft
- $454
- Building area
- 0 sq ft
- Lot size
- 217,800 sq ft
- Garage
- 2 spaces
- Pool
- Private pool
- Parcel #
- 27-36-11-00-00275.0-0000.00
- MLS #
- 1060515
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Interior Details
- Bedrooms
- 4
- Full bathrooms
- 3
Parking
- Garage spaces
- 2
Exterior & Construction
- Pool
- Private pool
Listing Details
- Listing date
- 2025-10-26
- On market date
- 2025-10-26
- Original list price
- $1,200,000
- Status changed
- 2025-10-26
Location
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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.
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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 the MLS.
© 2026Space Coast Association of REALTORS®. All information should be independently reviewed and verified for accuracy.
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