502 Lanternback Island Dr, Satellite Beach, FL 32937
FOR SALE
3D VIEW
0.39 ACRES

502 Lanternback Island Dr
Satellite Beach, FL 32937

South Patrick Shores
  • 5 Beds
  • 7 Baths
  • 6,904 sqft (on 0.39 acres)
  • 5 Beds
  • 7 Baths
  • 6,904 sqft (on 0.39 acres)

$2,349,000

Original price: $2,400,000
Est. Mortgage $14,180/mo*

Local Information

map showing home location
© Google
-- mins to
Commute Destination

Description

In 2023, a new barrel tile-look metal roof was added to this magnificent riverfront home in the gated community of Tortoise Island. This energy efficient, storm-safe home features whole-home solar power ($200 electric bills in summer), whole-home generator, electric roll-down storm shutters. With expansive river views, soaring 20+ foot ceilings, and a 300' Banana River Dock, this property is truly exceptional. Other features include a separate private office, courtyard pool with a waterfall, 5 ensuite bedrooms, whole-home lighting controls, gas fireplace, elevator, EV charging and on-demand hot water.

Home Highlights

Parking
Garage
Outdoor
Porch, Patio, Deck, Pool
View
River, Water
HOA
$375/Monthly
Price/Sqft
$340
Listed
90 days ago

Home Details for 502 Lanternback Island Dr

Interior Features

Interior Details
Wet Bar
Beds & Baths
Number of Bedrooms: 5Number of Bathrooms: 7Number of Bathrooms (full): 5Number of Bathrooms (half): 2
Dimensions and Layout
Living Area: 6904 Square Feet
Appliances & Utilities
Utilities: Cable Available, Sewer Available, Water AvailableAppliances: Dishwasher, Disposal, Dryer, Electric Cooktop, Electric Range, Freezer, Gas Range, WasherDishwasherDisposalDryerLaundry: Electric Dryer Hookup,Washer HookupWasher
Heating & Cooling
Heating: PropaneHas CoolingAir Conditioning: Central Air,Multi Units,Split SystemHas HeatingHeating Fuel: Propane
Fireplace & Spa
Fireplace: GasHas a Fireplace
Gas & Electric
Electric: Whole House Generator
Windows, Doors, Floors & Walls
Flooring: Laminate, Tile, Wood
Levels, Entrance, & Accessibility
Stories: 2Levels: TwoElevatorFloors: Laminate, Tile, Wood
View
Has a ViewView: River, Water

Exterior Features

Exterior Home Features
Roof: MetalPatio / Porch: Covered, Deck, Patio, Rear PorchExterior: Balcony, Boat Slip, Courtyard, Storm ShuttersHas a Private Pool
Parking & Garage
Number of Garage Spaces: 3Number of Covered Spaces: 3No CarportHas a GarageParking Spaces: 3Parking: Electric Vehicle Charging Station(s),Garage
Pool
Pool: Salt Water, WaterfallPool
Frontage
WaterfrontWaterfront: Navigable Water, River Access, River Front, No Fixed Bridges, Waterfront CommunityRoad Surface Type: AsphaltOn Waterfront
Water & Sewer
Sewer: Public Sewer

Days on Market

Days on Market: 90

Property Information

Year Built
Year Built: 1990
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family Residence
Building
Construction Materials: Stucco, Wood SidingNot a New ConstructionHas Additional Parcels
Property Information
Parcel Number: 263727Nf00001.00023.00Additional Parcels Description: 2609018

Price & Status

Price
List Price: $2,349,000Price Per Sqft: $340
Status Change & Dates
Possession Timing: Close Of Escrow

Active Status

MLS Status: Active

Location

Direction & Address
City: Satellite BeachCommunity: Tortoise Island Ph 3 Unit 2 PUD
School Information
Elementary School: Sea ParkJr High / Middle School: DeLauraHigh School: Satellite

Agent Information

Listing Agent
Listing ID: 1003447

Building

Building Area
Building Area: 8488 Square Feet

Community

Not Senior Community

HOA

HOA Name: Tortiose IslandHas an HOAHOA Fee: $375/Monthly

Lot Information

Lot Area: 0.39 acres

Listing Info

Special Conditions: Standard

Offer

Listing Terms: Cash, Conventional, VA Loan

Miscellaneous

Mls Number: 1003447Water ViewWater View: River, Water

Additional Information

HOA Amenities: Boat Dock,Boat Launch,Clubhouse,Fitness Center,Playground,Sauna,Security,Tennis Court(s)
Last check for updates: about 12 hours ago
Listing courtesy of DeWayne Carpenter, (321) 214-8400
Compass Florida, LLC
Source: Space Coast AOR, MLS#1003447

Price History for 502 Lanternback Island Dr

DatePriceEventSource
04/25/2024$2,349,000PriceChange
Space Coast AOR #1003447
03/26/2024$2,400,000PendingToActiveSpace Coast AOR #1003447
03/11/2024$2,400,000ContingentSpace Coast AOR #1003447
02/15/2024$2,400,000PriceChange
Space Coast AOR #1003447
10/20/2023$2,975,000PriceChange
Space Coast AOR #975300
09/18/2023$3,200,000Listed For SaleSpace Coast AOR #975300
01/28/2011$2,200ListingRemovedAgent Provided
01/23/2011$2,200Listed For SaleAgent Provided
08/02/2010$925,000Sold
N/A
05/01/2010$999,000Listed For SaleAgent Provided
01/28/2010$1,195,000ListingRemovedAgent Provided
10/05/2009$1,195,000PriceChange
Agent Provided
08/06/2009$1,295,000PriceChange
Agent Provided
07/18/2009$1,395,000PriceChange
Agent Provided
05/16/2009$1,595,000Listed For SaleAgent Provided
09/24/2004$1,250,000Sold
N/A
12/12/1995$625,000Sold
N/A

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Property Taxes and Assessment

Year2023
Tax$16,187
Assessment$2,145,910
Home facts updated by county records

Comparable Sales for 502 Lanternback Island Dr

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.05
Single-Family Home
$950,000
08/21/23
5
4
3,192
0.04
Single-Family Home
$1,500,000
09/27/23
5
4
3,747
0.13
Single-Family Home
$1,650,000
07/14/23
4
5
3,611
0.13
Single-Family Home
$1,882,500
04/08/24
5
4
3,582
0.15
Single-Family Home
$1,499,999
10/11/23
4
4
3,397
0.32
Single-Family Home
$1,600,000
12/01/23
6
5
4,409
0.28
Single-Family Home
$999,900
02/21/24
4
3
2,782
0.53
Single-Family Home
$1,045,000
06/26/23
5
4
3,025
0.80
Single-Family Home
$1,100,000
11/07/23
5
6
4,096

Neighborhood Overview

See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about South Patrick Shores

  • Katheengarrity48
    "The commute to downtown is quick n easy from here. I have enjoyed every person i’ve met here. Everyone is so friendly. Most people hardly knew one another but eachbone was eager to met me"
    4
    Flag
  • Tatiana M.
    "There are plenty of bars, and bands that are in the area. The beach is close by so you can go there in the morning as it is walking distance from where I live. "
    5
    Flag
  • Afplt123
    "Beachside friendly, safe and fun neighborhood. You could not find a better place to raise a family. Numerous community activities throughout the year. Walk to the beach and wave to the neighbors on your way as everyone is friendly here.seapark Elementary, best in the country!"
    15
    Flag
  • Afplt123
    "Great schools. No crime. Good people. Safe family and retired mixed groups of neighbors. Don’t tell others how nice it is here, don’t want the secret to get out. Watch rocket launch’s from your lawn and walk To beach. "
    0
    Flag
  • Ladyt7788
    "I’ve been here twenty one years and I don’t know my neighbors beyond getting their mail. The houses around me are vacant at times because the people don’t live here all the time. I don’t think the people are friendly around me at all. "
    25
    Flag
  • Ladyt7788
    "People just live here. Mostly part time. Not many kids. I don’t feel like a community. The beach is close but you can’t go right here because of the condo people won’t allow. The weather is great in the winter."
    4
    Flag
  • Ladyt7788
    "I like the area. We don’t have good beach access without a little commute. Some people are friendly. Some people are not here all the time. I enjoy this area except for the cancer chemicals in the water and soil."
    7
    Flag
  • Penny N.
    "Have lived in area for over 30 years. "
    0
    Flag
  • redavis91
    "We have 3 public beach parks within a 1 mile walking distance. Each park has limited parking, restrooms, showers, picnic tables. 2 Walk/Bike paths run parallel to Highway A1A and S Patrick Drive. "
    0
    Flag
  • Kenneth P.
    "I lived here from 1969 to '71 when I was in elementary school and it still looks the same. The beach across from South Patrick Drive.Hightower Beach Park, is clean and has ample parking as well as free of charge. It is never crowded,at least from what I have seen in June,July and August. I don't know about holidays like 4th of July though. But you can go there,park,leave and still find ample parking upon your return. As I said, a fantastic summer residence!"
    0
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  • whatsamaddayou2002
    "Canals lead to the Banana River, The Intracoastal waterway and out to the Atlantic Ocean. Good sailboat area with deep water. Close to beach, everything is here, you don't even need to go over the causeway to the mainland if you don't want to, it is all here-- shopping, restaurants, tennis, boating,cycling, walking, clean beaches and great neighbors. "
    0
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  • Sofia E.
    "I live and work in this area. Kids all know each other. Neighbors look out for each other. Well established, 3 minute walk to Ocean. 5 minutes to I95. "
    0
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  • deborahgalbraith
    "high volume of local traffic that exceeds posted speed limit.commercial resturant fumes.abandon houses that attract vagrants and scrappers.hidden trails that attract suspicious activities."
    0
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LGBTQ Local Legal Protections

DeWayne Carpenter, Compass Florida, LLC
IDX information is provided exclusively for 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 is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of Space Coast MLS as well as Florida Realtors® MLS Advantage Participants.
502 Lanternback Island Dr, Satellite Beach, FL 32937 is a 5 bedroom, 7 bathroom, 6,904 sqft single-family home built in 1990. 502 Lanternback Island Dr is located in South Patrick Shores, Satellite Beach. This property is currently available for sale and was listed by Space Coast AOR on Jan 30, 2024. The MLS # for this home is MLS# 1003447.