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Sold for $2,000,000
  • $2,000,000

    502 Lanternback Island Dr, Satellite Beach, FL 32937

    6beds
    7,004sqft
    Single Family Residence
    Built in 1990
    0.4 Acres Lot
    $2,268,200 Zestimate®
    $286/sqft
    $12,153 Estimated rent

    Home value

    $2,268,200

    $2.00M - $2.59M

    $12,153/mo

    Zestimate® history
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    What's special

    Magnificent direct riverfront estate home located in exclusive gated Tortoise Island community. Brand new ''tile look'' 160mph rated, 50 yr metal roof. Whole home solar power w/net $0 elec bills. Whole home generator. Whole home lighting controls. Elevator. EV charging. Electric roll down hurricane shutters. Stunning great room w/22ft ceilings & wrap around picture windows. Grand circular staircase in foyer. 5 bedrooms w/their own private bathroom. Private courtyard pool w/waterfall & fountain. Separate private office off pool. Huge garage, room for 4 cars! Private boat ramp/launch from your backyard, great for all the toys! Convenient to the I95, Viera shopping, beachside dining and just 1 mile to the ocean! Community offers clubhouse, pool, rec room, playground, boat ramp, tennis/pickleball courts & much more. Far too much to list. This is by far the most house you can buy on the river! Don't miss this opportunity. Must see.

    Zillow last checked:

    Listing updated:

    Listed by:

    Andy Waterman 321-698-3000,

    Waterman Real Estate, Inc.,

    Paige Lane 321-626-0889,

    Keller Williams Realty Brevard

    Bought with:

    Anthony Cribben, 3387150

    Real Broker, LLC

    Source: Space Coast AOR,MLS#: 1022063

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 7
    • Full bathrooms: 5
    • 1/2 bathrooms: 2
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Disposal, Dryer, Electric Range, Gas Water Heater, Instant Hot Water, Microwave, Refrigerator, Washer
    • Laundry: Electric Dryer Hookup, Lower Level, Upper Level
    Features
    • Breakfast Nook, Built-in Features, Butler Pantry, Ceiling Fan(s), Eat-in Kitchen, Elevator, Entrance Foyer, Open Floorplan, Pantry, Primary Bathroom -Tub with Separate Shower, Split Bedrooms, Vaulted Ceiling(s), Walk-In Closet(s)
    • Flooring: Tile, Wood
    • Number of fireplaces: 1
    • Fireplace features: Gas
    Interior area
    • Total structure area: 9,328
    • Total interior livable area: 7,004 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Attached, Electric Vehicle Charging Station(s), Garage, Garage Door Opener
    • Attached garage spaces: 3
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Covered, Porch, Rear Porch, Side Porch
    • Exterior features: Dock, Boat Ramp - Private, Storm Shutters
    • Has private pool: Yes
    • Pool features: In Ground, Salt Water, Waterfall
    • Has view: Yes
    • View description: Pool, River, Water
    • Has water view: Yes
    • Water view: River,Water
    • Waterfront features: Canal Front, Navigable Water, River Access, River Front
    • Body of water: Banana River
    Lot
    • Size: 0.4 Acres
    • Features: Other
    Details
    • Additional parcels included: 2609018
    • Parcel number: 263727Nf00001.00023.00
    • Zoning description: Residential
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Frame, Stucco, Wood Siding
    • Roof: Metal
    Condition
    • New construction: No
    • Year built: 1990

    Utilities & green energy

    • Electric: Whole House Generator
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available, Electricity Available, Electricity Connected, Sewer Connected, Water Connected

    Community & HOA

    Community
    • Security: Gated with Guard
    • Subdivision: Tortoise Island Ph 3 Unit 2 PUD
    HOA
    • Has HOA: Yes
    • Amenities included: Boat Launch, Clubhouse, Fitness Center, Gated, Maintenance Grounds, Management - Full Time, Pickleball, Playground, Pool, Security, Tennis Court(s)
    • HOA fee: $375 monthly
    • HOA name: Tortoise Island HOA/Tortoiseislandhoa.com
    • HOA phone: 321-733-7573
    Location
    • Region: Satellite Beach

    Financial & listing details

    • Price per square foot: $286/sqft
    • Tax assessed value: $1,927,250
    • Annual tax amount: $16,187
    • Date on market: 8/13/2024
    • Listing terms: Cash,Conventional,FHA,VA Loan
    • Road surface type: Paved

    Price history

    DateEventPrice
    10/29/2024Sold$2,000,000$286/sqft
    Source: Space Coast AOR #1022063 Report a problem
    9/26/2024Contingent$2,000,000$286/sqft
    Source: Space Coast AOR #1022063 Report a problem
    8/13/2024Listed for sale$2,000,000-4.8%$286/sqft
    Source: Space Coast AOR #1022063 Report a problem
    8/11/2024Listing removed--
    Source: Space Coast AOR #1003447 Report a problem
    7/22/2024Listed for sale$2,100,000-8.7%$300/sqft
    Source: Space Coast AOR #1003447 Report a problem
    7/19/2024Contingent$2,299,000$328/sqft
    Source: Space Coast AOR #1003447 Report a problem
    7/9/2024Price change$2,299,000-2.1%$328/sqft
    Source: Space Coast AOR #1003447 Report a problem
    4/25/2024Price change$2,349,000-2.1%$335/sqft
    Source: Space Coast AOR #1003447 Report a problem
    3/26/2024Listed for sale$2,400,000$343/sqft
    Source: Space Coast AOR #1003447 Report a problem
    3/11/2024Contingent$2,400,000$343/sqft
    Source: Space Coast AOR #1003447 Report a problem
    2/15/2024Listed for sale$2,400,000-19.3%$343/sqft
    Source: Space Coast AOR #1003447 Report a problem
    1/30/2024Listing removed--
    Source: Realtor Association of Indian River County #272767 Report a problem
    10/20/2023Price change$2,975,000-7%$425/sqft
    Source: Space Coast AOR #975300 Report a problem
    9/18/2023Listed for sale$3,200,000+145354.5%$457/sqft
    Source: Space Coast AOR #975300 Report a problem
    1/28/2011Listing removed$2,200
    Source: Prudential Real Estate #588075 Report a problem
    1/23/2011Listed for sale$2,200-99.8%
    Source: Prudential Real Estate #588075 Report a problem
    8/2/2010Sold$925,000-7.4%$132/sqft
    Source: Public Record Report a problem
    5/1/2010Listed for sale$999,000-16.4%$143/sqft
    Source: Curri Properties #567980 Report a problem
    1/28/2010Listing removed$1,195,000$171/sqft
    Source: Premier Properties Of Brevard, Inc. #538552 Report a problem
    10/5/2009Price change$1,195,000-7.7%$171/sqft
    Source: Premier Properties Of Brevard, Inc. #538552 Report a problem
    8/6/2009Price change$1,295,000-7.2%$185/sqft
    Source: Premier Properties Of Brevard, Inc. #538552 Report a problem
    7/18/2009Price change$1,395,000-12.5%$199/sqft
    Source: Premier Properties Of Brevard, Inc. #538552 Report a problem
    5/16/2009Listed for sale$1,595,000+27.6%$228/sqft
    Source: Premier Properties Of Brevard, Inc. #538552 Report a problem
    9/24/2004Sold$1,250,000+100%$178/sqft
    Source: Public Record Report a problem
    12/12/1995Sold$625,000$89/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$23,493 +44.2%$1,927,250 +42.6%
    2024$16,287 +0.6%$1,351,230 +3%
    2023$16,187 +7%$1,311,880 +3%
    2022$15,129 -5.7%$1,273,670 +3%
    2021$16,041 -3%$1,236,580 +2%
    2020$16,543 -6.6%$1,212,500 -4.1%
    2019$17,708 $1,264,240 +1.3%
    2018$17,708 +14.8%$1,248,070 +9.7%
    2017$15,421 -9.7%$1,137,620 +10.5%
    2016$17,083 +4.9%$1,029,350 +8.3%
    2015$16,281 +2%$950,880 +10.9%
    2014$15,959 $857,130 +2.6%
    2013-- $835,160 +17%
    2012$12,482 -1%$713,540 -1%
    2011$12,614 +3.3%$720,390 -9.6%
    2010$12,209 -12.5%$796,530 -16.9%
    2009$13,950 -10.2%$958,040 -9.2%
    2008$15,527 -6.2%$1,055,000 -4%
    2007$16,551 -16%$1,099,000 -16.5%
    2005$19,692 +8.3%$1,316,200 +33.7%
    2004$18,175 +36.3%$984,560 +18.7%
    2003$13,332 +1.4%$829,170 +10.1%
    2002$13,147 +2.1%$752,970 +10.7%
    2001$12,873 +7%$679,920 +8.1%
    2000$12,034 $629,020
    Find assessor info on the county website

    Neighborhood: South Patrick Shores

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Sea Park
    • Middle: DeLaura
    • High: Satellite

    Source: Space Coast AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $2,268,200
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $2,268,200