About 4505 Eldorado Way, Melbourne, Florida, 32934
Multi-use 5-acre estate in the Lake Washington of Melbourne! Enjoy the sprawling acreage in a park-like setting all for yourself or take advantage of the horse boarding income opportunity. Great for boat enthusiasts, car collectors and more with ample space for vehicle storage or workshops. The remodeled 4-bedroom, 3-bath home has two spacious primary suites suitable for multi-generational living. Current set-up offers horse boarding and immediate revenue. 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.
Pets Allowed : Yes
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, Shared Driveway
2 Garage Spaces
4 Carport Spaces
Fencing : Cross Fenced, Full, 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, Residential, Single Family
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, Pantry, Walk-In Closet(s), Primary Bathroom - Shower No Tub
Fireplace Features: Wood Burning
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), Shed(s)
Pets Allowed : Yes
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, Shared Driveway
2 Garage Spaces
4 Carport Spaces
Fencing : Cross Fenced, Full, 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, Residential, Single Family
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, Pantry, Walk-In Closet(s), Primary Bathroom - Shower No Tub
Fireplace Features: Wood Burning
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), Shed(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: $900,000
Tax Amount: 3038
Construction Status: Built in 1975
Last Modified : Aug 21 2026 2:36PM

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