$850,000
- 4
- beds
- 3
- baths
- 2,094
- sqft
- 1975
- year built
- 4
- beds
- 3
- baths
- 2,094
- sqft
- 1975
- year built
- Status:
- Pending
- MLS #:
- 1060515
- Neighborhood:
- None
- County:
- Brevard
- Listed By:
- Patti L George - Charles Rutenberg Realty
- Office Phone:
- (407) 622-2122
- Office Email:
- monica@crrmove.com
Sponsoring Broker: Caprice Atwell, Berkshire Hathaway HomeServices Florida Realty
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 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 large gazebo outside the riding arena, fire pit & more. 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, New Sept. 2026 Dishwasher, 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.
-
- Bedrooms
- 4
-
- Bathrooms
- 3
-
- Year Built
- 1975
-
- Stories
- 1.0
-
- Construction Materials
- Stucco, Block
-
- Garage Spaces
- 2.0
-
- Parking Features
- Attached, Garage Door Opener, Garage, Carport, Additional Parking, Detached Carport, Shared Driveway
-
- Living Area
- 2094.0
-
- Interior Features
- Ceiling Fan(s), Eat-in Kitchen, Walk-In Closet(s), Pantry, Breakfast Bar
-
- Appliances
- Dryer, Dishwasher, Electric Water Heater, Refrigerator, Washer, Disposal, Electric Oven, Ice Maker, Electric Cooktop
-
- Flooring
- Tile
-
- Furnished
- Unfurnished
-
- Exterior Features
- Fire Pit
-
- Patio And Porch
- Porch, Rear Porch
-
- Security Features
- Smoke Detector(s)
-
- Cooling
- Ceiling Fan(s), Central Air, Electric
-
- Heating
- Electric, Hot Water, Central
-
- Acres
- 5.0
-
- Lot Features
- Cleared, Agricultural, Farm
-
- Utilities
- Cable Available, Cable Connected, Electricity Connected, Water Connected
-
- Water
- Private, Well
-
- Area
- 321 - Lake Washington/S of Post
-
- County
- Brevard
-
- City
- Melbourne
-
- Neighborhood
- None
-
- Zip Code
- 32934
-
- High School
- Eau Gallie
-
- Middle School
- Johnson
-
- Elementary School
- Sabal
-
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Estimated Value
$600,235
Estimated Sales Price Range:
$426,166 - $774,303
Source: Constellation Data Labs
Price History
| 09/12/2026 | Price Changed | $850,000 |
| Source: Space Coast MLS (Space Coast Association of REALTORS) #1060515 | ||
| 10/26/2025 | Listed | $1,200,000 |
| Source: Space Coast MLS (Space Coast Association of REALTORS) #1060515 | ||
Source: MLS Data
Deed History
| 05/06/2022 | Quit Claim Deed (non-arm's length) | $0 |
| 04/16/1998 | Warranty Deed | $0 |
| 03/03/1998 | Warranty Deed | $101,500 |
Source: Public records via Constellation Data Labs
Mortgage History
| 09/17/2025 | Coventional | $555,500 |
| 11/14/2007 | Credit Line (Revolving) / HELOC | $20,000 |
| 10/31/2007 | Unknown | $315,183 |
| 03/03/1998 | $81,200 |
Source: Public records via Constellation Data Labs
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There are currently 527 properties available in Melbourne, with 60 under contract to close soon. Properties in the city have an average sale price of $395,721 and typically spend 71 days on the market before being sold.
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Source: ez Home Search, MLS Data
Frequently Asked Questions
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Click Ask a Question to talk with our team. You already know it is a 4 bed, 3 bath, listed for $850,000. We can talk through recent upgrades, potential seller motivation, how this single family residence compares to others in Melbourne, and can even get you in to see the property quickly.
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How much is the monthly mortgage payment for 4505 Eldorado Way?
With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 4505 Eldorado Way at around $5,090. This includes estimated property taxes and insurance.
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Can I negotiate the asking price for 4505 Eldorado Way?
In most cases, yes. Whether 4505 Eldorado Way is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Melbourne's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.
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What is the price per square foot for this home?
This home is listed at $850,000 with 2,094 sqft of space—that comes out to approximately $406 per square foot.
How long has this property been on the market?
4505 Eldorado Way was listed on October 26, 2025, which means it's been on the market for 383 days.
Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.
When was this house built?
This home was built in 1975, making it approximately 51 years old.
What is the lot size of this property?
4505 Eldorado Way sits on a 5.0-acre lot, which is 217,800 square feet.
What schools are assigned to this property?
Based on MLS info, this home is zoned for:
- Elementary: Sabal
- Middle: Johnson
- High: Eau Gallie
Want to see how these schools compare? Check out our Brevard County School Guide to see ratings, reviews, and more for the schools in the area.
What are the property taxes for 4505 Eldorado Way?
The most recent public record shows annual property taxes for 4505 Eldorado Way were approximately $3,038. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.
Is 4505 Eldorado Way still available for sale?
This home is pending sale, which means the seller has accepted an offer. You can favorite it to track status or ask our expert to help you find similar homes in this area. We'll also let you know if this property comes back on the market.
Source: ez Home Search, MLS Data
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The data relating to real estate for sale on this website comes in part from the Internet Data exchange program of Brevard MLS. IDX information is provided exclusively for consumers' 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 deemed reliable but not guaranteed. Copyright © 2026 Brevard MLS. All Rights Reserved.
Last Updated: November 13, 2026 at 05:31AM | Source: Brevard MLS | MLS#: 1060515
