4505 Eldorado Way, Melbourne, FL 32934

$979,000

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… Read More 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. Read Less

Courtesy of Charles Rutenberg Realty, Patti L George, 407-622-2122.

Listing Snapshot

Days Online

186

Last Updated

Apr 30, 2026

Property Type

Single Family Residence

Beds

Full Baths

Lot Size

5 Acres

Year Built

1975

MLS Number

1060515

30 Days Snapshot Of 32934

$272k

(avg) sold price

home sold

209

+273%

(avg) days on market

Snapshot

Area Map

Additional Details

Property Access

Road Frontage Type: "City Street", Road Surface Type: "Paved"

Appliances & Equipment

"Dishwasher", "Disposal", "Dryer", "Electric Cooktop", "Electric Oven", "Electric Water Heater", "Ice Maker", "Refrigerator", "Washer"

Building

Built in 1975, Living Area: 2,094, Construction Materials: "Block", "Stucco", Other Structures: "Barn(s)", "Gazebo", "Stable(s)"

Cooling

"Central Air", "Electric"

Exterior Features

"Fire Pit"

Fence

"Fenced", "Wire"

Floors

"Tile"

Garage

2 spaces

Heating

"Central", "Electric", "Hot Water"

Interior Features

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

Lot

5 acres, 217,800 square Feet, Area: 5, "Agricultural", "Cleared", "Dead End Street", "Farm"

Parking

4 carport spaces, "Additional Parking", "Attached", "Carport", "Detached Carport", "Garage Door Opener"

Pool

"Above Ground"

Property

"Porch", "Rear Porch"

Roof

"Shingle"

Security Features

"Smoke Detector(s)"

Sewer

"Septic Tank"

Taxes

Tax Annual Amount: $3,038, Tax Year: 2024

Utilities

"Cable Connected", "Electricity Connected", "Water Connected"

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