4505 Eldorado Way Melbourne, FL 32934
Estimated payment $5,480/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
| 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 | -- | -- |
| 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 |
|---|---|---|---|---|
| 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
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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.
- 4490 Eldorado Way
- 4200 Mustang Rd
- 3050 Washingtonia Dr
- 0 Parkway Dr Unit O6006054
- 4100 Lakemont Rd
- 4440 Lakeridge Dr
- 4295 Lakeridge Dr
- 4429 Country Rd
- 3564 Province Dr
- 4920 Stafford Dr
- 2885 Turtle Mound Rd
- 2503 Alanna Ln
- 4835 Tiverton Ct
- 3825 Turtle Mound Rd
- 3170 Hilliard Ct
- 3920 Postridge Trail
- 3980 Domain Ct
- 4834 Commune Way
- 4889 Commune Way
- 4844 Commune Way
- 5089 Realm Run
- 1655 Marywood Rd
- 1703 Blanche Ave
- 3600 Aurora Rd Unit A
- 1833 Oakwood Trail Unit 1
- 1833 Oakwood Trail
- 3780 Elizabeth Springs Way
- 3515 Delaney Dr
- 3133 Cauthen Creek Dr
- 2880 N Wickham Rd
- 3580 Tabitha Ct
- 2639 Granada Bay Dr
- 2905 Kemblewick Dr
- 2775 N Wickham Rd
- 3987 Saint Armens Cir
- 1758 Caleb Ln
- 4305 Windover Way
- 3922 Saint Armens Cir
- 4635 Elena Way
- 3099 Park Village Way
Ask me questions while you tour the home.