4505 Eldorado Way Melbourne, FL 32934
Estimated payment $5,385/month
Highlights
- Barn
- Above Ground Pool
- Farm
- Stables
- 5 Acre Lot
- 1 Fireplace
About This Home
Lifestyle & Income: The Ultimate Multi-Use Estate Near Lake Washington! Nestled on a sprawling 5-acre tract of land in a park-like setting, this rare opportunity offers a turnkey lifestyle with income. Current set-up offers horse boarding and immediate revenue. Also great for enthusiasts of boats, car collectors and more, with ample space for vehicle storage, workshops, etc... The remodeled home has 4 bedrooms, 3 bathrooms, including two spacious primary suites, making it ideal for multi-generational living. 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.
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
- No Tub in Bathroom
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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $2,731 | $178,360 | -- | -- |
| 2024 | $3,140 | $174,110 | -- | -- |
| 2023 | $3,140 | $238,530 | -- | -- |
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/27/2026 05/27/26 | Price Changed | $950,000 | -3.0% | $454 / Sq Ft |
| 04/27/2026 04/27/26 | Price Changed | $979,000 | -0.1% | $468 / Sq Ft |
| 03/31/2026 03/31/26 | Price Changed | $980,000 | -1.9% | $468 / Sq Ft |
| 02/12/2026 02/12/26 | Price Changed | $999,000 | -15.3% | $477 / Sq Ft |
| 02/01/2026 02/01/26 | Price Changed | $1,180,000 | -1.7% | $564 / Sq Ft |
| 10/26/2025 10/26/25 | For Sale | $1,200,000 | -- | $573 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | -- | |
| Warranty Deed | $101,500 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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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IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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