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$1,200,000
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Property Description
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. 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.
Full Property Details
Full Property Details for 4505 Eldorado Way
General
- Price: $1,200,000
- Taxes: $3,038 (2024)
- Status: Active
- Type: Single Family
- Source: BrevardCounty
- MLS ID: 1060515
- Updated: 1/10/2026
- Added to Site: 82 day(s) ago
Interior
- Interior Features: Breakfast Bar, Ceiling Fan(s), Eat-in Kitchen, Primary Bathroom - Shower No Tub, Walk-In Closet(s)
- Fireplace: Yes
- Number of Fireplaces: 1
- Appliances: Dishwasher, Disposal, Dryer, Electric Cooktop, Electric Oven, Electric Water Heater, Ice Maker, Refrigerator, Washer
- Furnishings: Unfurnished
- Flooring: Tile
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: Electric Dryer Hookup, In Garage, Sink, Washer Hookup
Additional Information
- Pool: Yes
- Pool Description: Above Ground
- Security/Safety: Smoke Detector(s)
Exterior
- Exterior Features: Fire Pit
- Porch/Patio/Deck: Porch, Rear Porch
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 2
- Carport Spaces: 4
- Parking Features: Additional Parking, Attached, Carport, Detached Carport, Garage Door Opener
Location
- Area: 321 - Lake Washington/S of Post
- County: Brevard
- Subdivision: None
- Driving Directions: 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
- Direction Faces: East
School Information
- Elementary School: Sabal
- Middle School: Johnson
- High School: Eau Gallie
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Electric
- Heating Type: Central, Electric, Hot Water
- Water Heater: Electric
Utilities
- Sewer: Septic Tank
- Water: Well
- Well: Yes
- Utility Description: Cable Connected, Electricity Connected, Water Connected
Structural Information
- Exterior Const.: Block, Stucco
- Roof: Shingle
- Stories/Levels: 1
- Square Feet: 2,094
- Living Area: 2,094 Sq. Ft.
- Current Bldg. Use: Agricultural, Farm, Horses
- Year Built: 1975
- Property Condition: Updated/Remodeled
Additional Structures
- Other Structures: Barn(s), Gazebo, Stable(s)
Lot Features
- Lot Size (Acres): 5
- Lot Size (Sq. Ft.): 217,800
- Frontage: City Street
- Street/Road Desc.: Paved
- Lot Features: Agricultural, Cleared, Dead End Street, Farm
- Fencing (Description): Fenced, Wire
Financial Considerations
- Price Per Sq. Ft.: $573.07
- Tax Amount: $3,038
- Tax Year: 2024
- Terms: Cash, Conventional, FHA, USDA Loan, VA Loan
Disclosures and Reports
- Special Conditions: Standard
- Property ID: 27-36-11-00-00275.0-0000.00
Listed by Charles Rutenberg Realty
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Schools
Schools serving 4505 Eldorado Way
School District:Brevard County School District
| Name | Grades | Distance |
|---|---|---|
Sabal Elementary School 1401 North Wickham Road, Melbourne, FL 32935 | PK-6 | 2.5 mi |
Eau Gallie High School 1400 Commodore Boulevard, Melbourne, FL 32935 | 9-12 | 3.6 mi |
Lyndon B. Johnson Middle School 2155 Croton Road, Melbourne, FL 32935 | 7-8 | 3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4505 Eldorado Way
Date
Details
Price
Change
Source
10/26/2025
Listed
$1,200,000
1082.27%
MLS
3/03/1998
Sold
$101,500
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 4505 Eldorado Way
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,704
-27%
$178,360
2%
2024
$2,341
-25%
$174,110
-27%
2023
$3,140
4%
$238,530
6%
2021
$3,032
4%
$224,850
-3%
2022
$2,926
-3%
$231,590
4%
2021
$3,032
3%
$221,750
4%
2018
$2,936
—
$212,730
-2%
2019
$2,929
6%
$216,770
11%
2017
$2,761
-2%
$194,430
2%
2016
$2,807
-3%
$190,440
1%
2015
$2,885
-1%
$189,120
1%
2014
$2,905
—
$187,620
1%
2013
$2,917
—
$184,850
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 4505 Eldorado Way
4505 Eldorado Way, Melbourne, FL 32934 (MLS# 1060515) is a Single Family property with 4 bedrooms and 3 full bathrooms. 4505 Eldorado Way is currently listed for $1,200,000 and was received on October 26, 2025. Want to learn more about 4505 Eldorado Way? Do you have questions about finding other Single Family real estate for sale in Melbourne? You can browse all Melbourne real estate or contact a Coldwell Banker agent to request more information.

