4505 Eldorado Way
Melbourne, FL 32934
4
Bed
3
Bath
2,094Sqft
5Acres(Lot)
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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedrooms: 4Bathroom Information
Total Baths: 3 Full Baths: 3Water/Sewer
Sewer: Septic Tank -
Flooring Information
Tile -
Roofing Information
Shingle -
Interior Features
Breakfast Bar, Ceiling Fan(s), Eat-in Kitchen, Pantry, Primary Bathroom - Shower No Tub, Walk-In Closet(s) Roof: Shingle Appliances: Dishwasher, Disposal, Dryer, Electric Cooktop, Electric Oven, Electric Water Heater, Ice Maker, Refrigerator, Washer Laundry Features: Electric Dryer Hookup, In Garage, Sink, Washer Hookup -
Heating & Cooling
Heating: Central, Electric, Hot Water Cooling: Central Air, Electric WaterSource: Well -
Fireplace
Fireplace: Yes Number of Fireplaces: 1 Fireplace Features: 1
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Building Information
Year Built: 1975 Construction Materials: Block, Stucco Security System: Smoke Detector(s) Roof: Shingle -
Exterior Features
Fire PitPorch: Porch, Rear Porch -
Pool Information
Private Pool: YesAbove Ground -
Road Types
PavedCity Street -
Fencing
Cross Fenced, Fenced, Full, Wire -
Pool Features
Above GroundLaundry Features
Electric Dryer Hookup, In Garage, Sink, Washer HookupPatio And Porch
Porch, Rear PorchFencing
Cross Fenced, Fenced, Full, Wire
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Lot Information
Lot Description: Agricultural, Cleared, Dead End Street, Farm Lot Size Area: 5 Acres Lot Square Feet: 217,800 Stories: 1 Main Square Feet: 2094Property Information
Property Type: Residential Sub Type: Single Family Residence SQ ft (Living Area): 2,094 Subdivision: None MLS Area Minor: 321 - Lake Washington/S of Post Source Neighborhood: None Construction Materials: Block, Stucco Property Age: 51
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Listing Price Information
Listing Id: 1060515 ist Price: $895,000 Original List Price: $1,200,000 List Price Tot SqFt: $427 Listing Terms Cash, Conventional, FHA, USDA Loan, VA Loan -
Listing Information
Possession: Close Of Escrow
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Tax Information
Parcel Number: 27-36-11-00-00275.0-0000.00 Annual Tax: $3,038 Tax Year: 2024
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Virtual Tour
Parking Information
# of Garage Spaces: 2 Has Garage: Yes Attached Garage: Yes Additional Parking, Attached, Carport, Detached Carport, Garage Door Opener, Shared Driveway
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School Information
Elementary School: SabalElementary School District:Junior High School: JohnsonSenior High School: Eau Gallie -
Utility Information
Cable Connected, Electricity Connected, Water Connected -
Location Information
Direction: 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
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 3116 Fairview Drive, Melbourne, FL, 32934 | $795,500 | 3 | 2 | 2,564 | 0.50 Acre |
| 3495 Tabitha Court, Melbourne, FL, 32934 | $479,900 | 3 | 2 | 1,757 | 0.14 Acre |
| 3936 Saint Armens Circle, Melbourne, FL, 32934 | $440,000 | 3 | 2 | 2,014 | 0.22 Acre |
| 3231 Woodsmill Drive, Melbourne, FL, 32934 | $370,000 | 3 | 2 | 1,523 | 0.21 Acre |
| 3113 Cauthen Creek Drive, Melbourne, FL, 32934 | $359,900 | 3 | 2 | 1,617 | 0.13 Acre |
| 3506 Cordgrass Court, Melbourne, FL, 32934 | $369,900 | 3 | 2 | 1,474 | 0.17 Acre |
| 2594 Longwood Boulevard, Melbourne, FL, 32934 | $422,000 | 3 | 2 | 1,522 | 0.21 Acre |
| 3470 W Eau Gallie Boule.., Melbourne, FL, 32934 | $399,900 | 4 | 4 | 1,935 | 0.25 Acre |
| 2608 Woodsmill Drive, Melbourne, FL, 32934 | $409,900 | 3 | 2 | 1,609 | 0.21 Acre |
| 369 Tolley Avenue, Melbourne, FL, 32934 | $947,000 | 4 | 4 | 3,991 | 0.44 Acre |
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ByOwner last updated this listing 09/06/2026 @ 02:10
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