$895,000

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, builders/investors, car collectors & more with ample space for vehicle storage or workshops. The remodeled 4-bedroom, 3-bath… Read More 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, build on the extra lot 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. Read Less

Courtesy of Charles Rutenberg Realty 407-622-2122

Listing Snapshot

Days Online

320

Last Updated

Sep 12, 2026

Property Type

Single Family Residence

Beds

Full Baths

Square Ft.

2,094

Lot Size

5 Acres

Year Built

1975

MLS Number

1060515

Additional Details

Property Access

Frontage Type: City Street, Road Surface: Paved

Appliances & Equipment

Dishwasher, Disposal, Dryer, Electric Cooktop, Electric Oven, Electric Water Heater, Ice Maker, Refrigerator, Washer

Building

Built in 1975, Living area: 2094.0, Building faces East, Construction Materials: Block, Stucco

Cooling

Central Air, Electric

Exterior Features

Patio/Porch Features: Porch, Rear Porch, Fire Pit

Fence

Cross Fenced, Fenced, Full, Wire

Fireplaces

1 fireplace, Wood Burning

Floors

Tile

Garage

2 spaces

Heating

Central, Electric, Hot Water

Interior Features

Breakfast Bar, Ceiling Fan(s), Eat-in Kitchen, Pantry, Primary Bathroom - Shower No Tub, Walk-In Closet(s)

Laundry

Electric Dryer Hookup, In Garage, Sink, Washer Hookup

Lot

5 acres, Agricultural, Cleared, Dead End Street, Farm

Parking

4 carport spaces, Additional Parking, Attached, Carport, Detached Carport, Garage Door Opener, Shared Driveway

Pets Policy

Allowed: Yes

Pool

Above Ground

Property

Updated/Remodeled, Other structures: Barn(s), Gazebo, Shed(s), Stable(s)

Roof

Shingle

Security Features

Smoke Detector(s)

Sewer

Septic Tank

Taxes

Parcel Number: 27-36-11-00-00275.0-0000.00, Annual Amount: $3,038, Year: 2024, Zoning description: Agricultural

Utilities

Cable Connected, Electricity Connected, Water Connected, Water Source: Well

Find The Perfect Home

'VIP' Listing Search

Whenever a listing hits the market that matches your criteria you will be immediately notified.

Join The List

Mortgage Calculator

Selling price

Down payment

Term (years)

Interest rate (%)

Monthly Payment

4505 Eldorado Way

'VIP' Listing Search

Schools In The Area

Similar Listings

Find My Dream Home

1. Neighborhoods

2. Home Type

3. Send

Sitemap

Get in touch