4505 Eldorado Way Melbourne, FL 32934
Estimated payment $6,546/month
Highlights
- Very Popular Property
- Stables
- 5 Acre Lot
- Barn
- Above Ground Pool
- Farm
About This Home
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.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,038
Year Built
- Built in 1975 | Remodeled
Lot Details
- 5 Acre Lot
- Street terminates at a dead end
- East Facing Home
- Wire Fence
- Cleared Lot
- Zoning described as Agricultural
Parking
- 2 Car Attached Garage
- 4 Detached Carport Spaces
- Garage Door Opener
- Additional Parking
Home Design
- Shingle Roof
- Block Exterior
- Stucco
Interior Spaces
- 2,094 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- 1 Fireplace
- Tile Flooring
- Fire and Smoke Detector
Kitchen
- Eat-In Kitchen
- Breakfast Bar
- Electric Oven
- Electric Cooktop
- Ice Maker
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 4 Bedrooms
- Walk-In Closet
- 3 Full Bathrooms
- Shower Only
Laundry
- Laundry in Garage
- Dryer
- Washer
- Sink Near Laundry
Outdoor Features
- Above Ground Pool
- Fire Pit
- Gazebo
- Rear Porch
Schools
- Sabal Elementary School
- Johnson Middle School
- Eau Gallie High School
Farming
- Barn
- Farm
- Agricultural
Horse Facilities and Amenities
- Stables
Utilities
- Central Heating and Cooling System
- Hot Water Heating System
- Well
- Electric Water Heater
- Septic Tank
- Cable TV Available
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 27-36-11-00-00275.0-0000.00
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,341 | $178,360 | -- | -- |
| 2024 | $3,140 | $174,110 | -- | -- |
| 2023 | $3,140 | $238,530 | $0 | $0 |
| 2022 | $2,926 | $231,590 | $0 | $0 |
| 2021 | $3,032 | $224,850 | $0 | $0 |
| 2020 | $2,977 | $221,750 | $0 | $0 |
| 2019 | $2,929 | $216,770 | $0 | $0 |
| 2018 | $2,936 | $212,730 | $0 | $0 |
| 2017 | $2,761 | $194,430 | $0 | $0 |
| 2016 | $2,807 | $190,440 | $137,500 | $52,940 |
| 2015 | $2,885 | $189,120 | $106,250 | $82,870 |
| 2014 | $2,905 | $187,620 | $100,000 | $87,620 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/26/2025 10/26/25 | For Sale | $1,200,000 | -- | $573 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | -- | |
| Warranty Deed | $101,500 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $81,200 | No Value Available |
Source: Space Coast MLS (Space Coast Association of REALTORS®)
MLS Number: 1060515
APN: 27-36-11-00-00275.0-0000.00
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