4505 Eldorado WayMelbourne, FL 32934

Description

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.

Property Information

Property type

Residential

Sub-type

Single Family Residence

Year built

1975

Stories

1

Living area

2,094 Sq Ft

Lot size

5.00 acres

Garage spaces

2

Days on market

69

MLS^® Listing#

1060515

Property Features

Interior

Breakfast Bar · Ceiling Fan(s) · Eat-in Kitchen · Pantry · Walk-In Closet(s)

Exterior

Fire Pit

Appliances

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

Cooling

Central Air · Ceiling Fan(s) · Electric

Heating

Central · Electric · Hot Water

Flooring

Tile

Fireplace

Wood Burning

Pool

Above Ground · Private

Parking

Additional Parking · Attached · Carport · Detached Carport · Garage Door Opener · Shared Driveway · Garage

Laundry

Electric Dryer Hookup · In Garage · Sink · Washer Hookup

Patio

Porch · Rear Porch

Fencing

Fenced · Cross Fenced · Full · Wire

Lot features

Agricultural · Cleared · Farm

Construction

Block · Stucco

Roof

Shingle

Security

Smoke Detector(s)

Other structures

Barn(s) · Gazebo · Shed(s) · Stable(s)

Utilities

Cable Available · Cable Connected · Electricity Connected · Water Connected

Sewer

Septic Tank

Water source

Private · Well

Schools

Elementary

Sabal

Middle

Johnson

High

Eau Gallie

Financial Details

HOA

None

Annual taxes

$3,038Tax year 2024

Parcel number

27-36-11-00-00275.0-0000.00