About 4505 Eldorado Way, Melbourne, Florida, 32934
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.
Utilities : Cable Connected, Electricity Connected, Water Connected
Water Source : Well
Sewer Source : Septic Tank
Parking Features: Additional Parking, Attached, Carport, Detached Carport, Garage Door Opener
2 Garage Spaces
4 Carport Spaces
Fencing : Wire, Fenced
Exterior Features: Fire Pit
Lot Features : Agricultural, Cleared, Farm, Dead End Street
Patio And Porch Features : Porch, Rear Porch
Road Frontage Type : City Street
Road Surface Type : Paved
Current Use : Agricultural, Farm, Horses
Pool Features: Above Ground
Cooling: Central Air, Electric
Heating : Central, Electric, Hot Water
Construction Materials: Block, Stucco
Interior Features: Breakfast Bar, Ceiling Fan(s), Eat-in Kitchen, Walk-In Closet(s), Primary Bathroom - Shower No Tub
Fireplaces Total : 1
Appliances : Dryer, Disposal, Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Ice Maker, Refrigerator, Washer
Flooring : Tile
LaundryFeatures : Electric Dryer Hookup, In Garage, Sink, Washer Hookup
Other Structures: Barn(s), Gazebo, Stable(s)
Utilities : Cable Connected, Electricity Connected, Water Connected
Water Source : Well
Sewer Source : Septic Tank
Parking Features: Additional Parking, Attached, Carport, Detached Carport, Garage Door Opener
2 Garage Spaces
4 Carport Spaces
Fencing : Wire, Fenced
Exterior Features: Fire Pit
Lot Features : Agricultural, Cleared, Farm, Dead End Street
Patio And Porch Features : Porch, Rear Porch
Road Frontage Type : City Street
Road Surface Type : Paved
Current Use : Agricultural, Farm, Horses
Pool Features: Above Ground
Cooling: Central Air, Electric
Heating : Central, Electric, Hot Water
Construction Materials: Block, Stucco
Interior Features: Breakfast Bar, Ceiling Fan(s), Eat-in Kitchen, Walk-In Closet(s), Primary Bathroom - Shower No Tub
Fireplaces Total : 1
Appliances : Dryer, Disposal, Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Ice Maker, Refrigerator, Washer
Flooring : Tile
LaundryFeatures : Electric Dryer Hookup, In Garage, Sink, Washer Hookup
Other Structures: Barn(s), Gazebo, Stable(s)

Street Address: 4505 Eldorado Way
City: Melbourne
State: Florida
Postal Code: 32934
County: Brevard
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

Property Information :
Listing Status: Active
Size: 2,094 Sqft
Lot Size: 5.00 Acres
MLS #: 1060515
Bedrooms: 4 bd
Bathrooms: 3 ba
Price: $979,000
Tax Amount: 3038
Construction Status: Built in 1975
Last Modified : Apr 28 2026 2:40PM

Courtesy of: Patti George, Charles Rutenberg Realty (MLS# spc.ocrut3)
Source MLS: SCAR