4505 Eldorado Way Melbourne, FL $ 1,200,000
4505 Eldorado Way
$ 1,200,000
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4505 Eldorado Way

Melbourne, FL, 32934
$ 1,200,000
Bedrooms4 Baths3.0 Sq 2,094

Monthly Estimate*

$ 7,486

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Single Family Home for sale in Melbourne, FL

for $1,200,000 with 4 bedrooms and 3 full baths. This 2,094 square foot home was built in 1975 on a lot size of 5.

Highly Desirable Lake Washington Area! A rare find with 5.0 Acres! Active, Income-Producing Horse Boarding Stable w/beautiful, updated 4 BD, 3 BA home, all in a park-like setting. 2 Barns; 11-stall Main Barn & 6-stall Back Barn. Lighted Riding Arena, Lunge Pen, 3 Wash Racks, 2 Tack Rooms, 4 Pastures. There's plenty to do in this Back Yard Oasis; enjoy the grilling gazebo, relax in the larger Gazebo while viewing horses riding in the arena, sit at the fire pit, cool off in the above-ground pool, or on the long, open back porch. 3.8 Miles from Lake Washington. Boaters, Fishermen, Car Enthusiasts; get a look - barns have multi-purpose uses! The remodeled home has two Primary Suites, and 3 of 4 the bedrooms open to the back porch. Beautiful tile flooring throughout the home. 2018 Roof, Plumbing redone in 2017, Water Heater is 5 y.o., Kitchen appliances are 3 y.o., Lots of kitchen storage! 2 Car Attached garage plus 4-bay covered carport. Read on in the supplement for more info...... THE HOUSE -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, 3-year old appliances, 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. -Stalls are all full with paying boarders. -The property drains well - ditches on all sides. -There are two 30-amp hookups for horse trailers/RV's THE PROPERTY: -Two separate 2.5 Acre Tracts; one is in the city of Melbourne, and the other is County. -Current use is Agricultural on the 5 acres. -12x20 Shed has water equipment & storage area.

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Single Family Active

Price

$ 1,200,000

Bedrooms

4

Full Bath

3

Property Type

Single Family

Taxes

$ 3,038

Style

Single Family Residence

Lot Size

5

Year Built

1975

Town/City

Melbourne

County/Region

Brevard

MLS | Web ID

1060515

Features
General
Living Area 2094.0
Sewer Septic Tank
Heating Central Electric Hot Water
Cooling Central Air Electric
Utilities Cable Connected Electricity Connected Water Connected
Possession Close Of Escrow
Roof Shingle
Appliances Dishwasher Disposal Dryer Electric Cooktop Electric Oven Electric Water Heater Ice Maker Refrigerator Washer
Garage Spaces 2.0
Patio/Porch Features Porch Rear Porch
Pool Features Above Ground
Security Features Smoke Detector(s)
Construction Materials Block Stucco
Year Built 1975
Stories Count 1
Property Subtype Single Family Residence
Tax Year 2024
Current Use Agricultural Farm Horses
Additional Parcels Description 2701119
County Brevard
New Construction N
Property Type Residential
HOA N
Attached Garage Y
Subdivision Name None
Facing Direction East
Garage Y/N Y
Other Structures Barn(s) Gazebo Stable(s)
Total Rooms 0
Full Baths 3
Status Active
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
High School Eau Gallie
City Melbourne
Senior Community Y/N N
Zoning Description Agricultural
MLS Area 321 - Lake Washington/S of Post
Lot Size Units Acres
Lot Size Square Feet 217800.0
Carport Spaces 4.0
Carport Y/N Y
Elementary School Sabal
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 3038.0
Home Warranty Y/N N
Middle/Junior High School Johnson
Property Condition Updated/Remodeled
Lease Renewal Y/N N
MLS Area Minor 321 - Lake Washington/S of Post
Lease Considered Y/N N
Virtual Tour https://www.propertypanorama.com/instaview/spc/1060515
Standard Status Active
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Interior
Interior Amenities Breakfast Bar Ceiling Fan(s) Eat-in Kitchen Primary Bathroom - Shower No Tub Walk-In Closet(s)
Flooring Tile
Furnished Y/N Unfurnished
Total Fireplaces 1
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N Y
Half Baths 0
Laundry Features Electric Dryer Hookup In Garage Sink Washer Hookup
Total Bedrooms 4
Total Baths 3
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Exterior
Exterior Amenities Fire Pit
Fencing Fenced Wire
Parking Features Additional Parking Attached Carport Detached Carport Garage Door Opener
Lot Features Agricultural Cleared Dead End Street Farm
Water Source Well
Lot Size Area 5.0
Spa N
Lot Size Acres 5.0
Road Surface Type Paved
Waterfront Y/N N
Road Frontage Type City Street
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 4505
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* Excluded Features
List By
Charles Rutenberg Realty

Broker

Affordability Calculator

$7,740
Per Month
97%
3%
0%
Monthly Principal & Interest
$7,486
Monthly Property Taxes
$253
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1362935 Elementary School
1363011 Middle School
Eau Gallie High School High School
Pricing History
DatePricePrice ChangeDescription
10/26/2025$1,200,000 Listed Price

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4505 Eldorado Way, Melbourne, FL, 32934 is a Single Family Home for sale at $1,200,000 with 2,094 sqft and a lot size of 5. 4505 Eldorado Way has 4 bedrooms, 3.0 baths, and was built in 1975. The property's zip code is 32934 which is in Melbourne, FL