4505 Eldorado Way, Melbourne, FL 32934

$1,200,000

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,… Read More 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. Just 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, 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. Read Less

Courtesy of Charles Rutenberg Realty 407-622-2122

Listing Snapshot

Days Online

Last Updated

Feb 1, 2026

Property Type

Single Family Residence

Beds

Full Baths

Lot Size

5 Acres

Year Built

1975

MLS Number

1060515

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"

Find The Perfect Home

'VIP' Listing Search

Whenever a listing hits the market that matches your criteria you will be immediately notified.

Join The List

Mortgage Calculator

Selling price

Down payment

Term (years)

Interest rate (%)

Monthly Payment

4505 Eldorado Way

'VIP' Listing Search

Schools In The Area

Similar Listings

Find My Dream Home

1. Neighborhoods

2. Home Type

3. Send

About

Explore

Sellers

Buyers