1 / 50
For SaleSingle Family Home
$950K
4505 Eldorado Way, Melbourne, FL 32934
Downtown Melbourne neighborhood
Subdivision: None
4
Bedrooms
3
Bathrooms
2,094
Sq Ft
1975
Year Built
$454 /sqft

About This Property

Description from listing agent

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.....

Space Coast Context

🚀 Launch Viewing — Good Views

29.1 mi from SLC-40

29.1 miles from SLC-40 — visible on clear days, especially at night.

Aerospace Commute Guide
Northrop4.9 mi~11 min
L3Harris5.6 mi~12 min
Blue Origin24 mi~53 min
SpaceX24.4 mi~54 min
Lockheed24.6 mi~55 min
Boeing/KSC25.3 mi~56 min
KSC25.5 mi~57 min

Estimates only — verify with Google Maps.

Flood Risk

Zone X — Minimal Risk

Outside the Special Flood Hazard Area. Flood insurance is optional but recommended.

Estimated flood insurance: $500 – $1,200 / yr — varies by coverage, elevation & insurer

Source: FEMA National Flood Hazard Layer. Insurance estimates are ranges only — get a quote for accurate pricing.

Offer Intelligence

Price history and market context for this listing.

Price Reductions
No reductions
Listed price has not changed since hitting the market
How we match comps

Comps are pulled directly from the Space Coast MLS — sold sales only, closed within the last 180 days. We apply hyper-local matching criteria in this order:

  • Same property type, always (single family, condo, townhouse, etc.)
  • Single-story homes compared only to single-story (and multi to multi)
  • Exact bedroom count
  • Bathrooms within ±0.5
  • Garage spaces within ±1
  • Pool status must match
  • Waterfront status must match
  • HOA must match (HOA community vs. no HOA)
  • Price within ±5–20% of list price (tightest in early tiers)
  • Square footage within ±10–25% (tighter in early tiers)
  • Year built always within ±5–20 years (never dropped)

We search in tiers, expanding the radius only as needed — starting in the same subdivision within 1 mile, then 2 miles, then the same neighborhood within 3 miles, and the same zip code within 5 miles as a last resort. For luxury homes ($5M+), where nearby comps are scarce, we widen the search to 5–20 miles. Year built is always required so comps are from the same era of construction. The median is weighted toward nearer sales, and sales within the last 90 days count 2× to reflect current market conditions.

Median estimate is based on similar active listings and homes that have sold within the last 180 days in this area, as reported through Brevard MLS. This is not an appraisal or a Comparative Market Analysis (CMA). Before making an offer, work with a licensed real estate agent to obtain a CMA, or hire a certified real estate appraiser for an independent valuation.

Additional Details

Lot Size
5 acres (217,800 sqft)
Full Baths
3
Garage
2 car (attached)
Fireplaces
1
Pool
Yes
Days on Market
264
MLS Area
321 - Lake Washington/S of Post

Schools

Elementary

Sabal

Middle School

Johnson

High School

Eau Gallie

Financial & Listing Details

Listed
Oct 26, 2025
Parcel #
27-36-11-00-00275.0-0000.00
$950K

Listing Agent (for property info)

P
Patti L George
Charles Rutenberg Realty
321-863-3939
Call Listing Agent

Estimated Monthly Payment

$6,105/mo
Principal & interest
$5,005
Property taxes
$950
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $950K price — down payment shown: $190,000.

This is a quick estimate only — it does not include items like mortgage insurance, closing costs, or rate-lock terms. For an accurate payment based on your credit and finances, get pre-qualified with a certified bank or licensed mortgage brokerage.

MLS# 1060515

Interested in this property?

Equal Housing Opportunity

MLS# 1060515 · Listing Broker: Charles Rutenberg Realty · 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. The data is deemed reliable but is not guaranteed accurate by the MLS. Listing information provided by Space Coast Association of REALTORS® and the Space Coast MLS. © 2026 Space Coast Association of REALTORS®. All rights reserved. · MaxxCity Realty LLC · Licensed in Florida.