502 Lanternback Island Drive, Satellite Beach, FL 32937

$2,000,000

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https://www.propertypanorama.com/instaview/spc/1022063

Virtual Tour

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Property Type: Residential Bedrooms: 6 Baths: 7 Square Footage: 9,328 Lot Size (sq. ft.): 17,424 Status: Closed

Current Price: $2,000,000 List Date: 8/13/2024 Last Modified: 7/13/2026

Overview

Description

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.

Listing Details MLS# 1022063

General Property Information

Bedrooms Total: 6
Bathrooms Total: 7
Bathrooms Full: 5
Bathrooms Half: 2
Living Area: 7004
Living Area Source: Public Records
Building Area Total: 9328
Accessibility Features YN: No
New Construction YN: No
Year Built: 1990
Garage YN: Yes
Garage Spaces: 3
Carport YN: No
Lot Size Acres: 0.4
Lot Size Square Feet: 17424
Association YN: Yes
Association Fee: 375
Association Fee Frequency: Monthly
Association Name: Tortoise Island HOA/Tortoiseislandhoa.com
Association Phone: 321-733-7573
CDD Fee YN: No
Community Fee(s) YN: No
Water Body Access YN: Yes
Waterfront YN: Yes
Water Body Name: Banana River
Land Site Description: RIVER FRONT
Furnished: Unfurnished
Stories: 2
Entry Level: Yes
Direction Faces: East
Senior Community YN: No
Pool Private YN: Yes
List Price/SqFt: 285.55
Sold Price/SqFt: 285.55

Property Features

Appliances: Dishwasher; Disposal; Dryer; Electric Range; Gas Water Heater; Instant Hot Water; Microwave; Refrigerator; Washer Association Amenities: Boat Launch; Clubhouse; Community Pool; Fitness Center; Gated; Maintenance Grounds; Management - Full Time; Pickleball; Playground; Security; Tennis Court(s) Construction Materials: Frame; Stucco; Wood Siding Cooling: Central Air Current Use: Residential; Single Family Electric: Whole House Generator Exterior Features: Boat Ramp - Private; Dock; Storm Shutters Fireplace Features: Gas Flooring: Tile; Wood Green Building Verification Type: Zero Energy Ready Home Heating: Central Interior 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) Laundry Features: Electric Dryer Hookup; Lower Level; Upper Level Levels: Two Listing Terms: Cash; Conventional; FHA; VA Loan Lot Features: Other Parking Features: Attached; Electric Vehicle Charging Station(s); Garage; Garage Door Opener Patio And Porch Features: Covered; Porch; Rear Porch; Side Porch Pool Features: In Ground; Salt Water; Waterfall Possession: Close Of Escrow Water Body Access Type: Community Road Surface Type: Paved Roof: Metal Security Features: Gated with Guard Sewer: Public Sewer Showing Requirements: Appointment Only; Showing Service Smart Home Features: Lighting Special Listing Conditions: Standard Utilities: Cable Available; Electricity Available; Electricity Connected; Sewer Connected; Water Connected View: Pool; River; Water Water Source: Public Waterfront Features: Canal Front; Navigable Water; River Access; River Front

Contract Information

Original List Price: 2000000
Listing Contract Date: 2024-08-13
Property Sub Type: Single Family Residence

Location Tax and Legal

Street Number: 502
Street Name: Lanternback Island
Street Suffix: Drive
County: Brevard
State: FL
Postal Code: 32937
MLS Area Major: 381 - N Satellite Beach
Subdivision Name: Tortoise Island Ph 3 Unit 2 PUD

Remarks and Miscellaneous

Public Remarks: 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.

Status Change Information

Major Change Timestamp: 2024-10-29T17:01:44Z
Major Change Type: Status Change
Status Change Timestamp: 2024-10-29
Purchase Contract Date: 2024-09-25
Close Date: 2024-10-29
Close Price: 2000000

More Information

Closing Company Details

Closing Company Name: Foundation Title - Bill May 321-255-6776
Closing Company Address: 2425 Pineapple Ave Ste 408, Melbourne 32935

DPR Eligible

DPR Eligible: No

Fireplace Features

Fireplaces Total: Yes
Gas: Yes

Legal Details

Permission Granted to Advertise: Yes

Power Production Type

Type: Photovoltaics

Showing Requirements

Gated: Community
Appointment Only: Yes
Showing Service: Yes

Location, Tax, and Legal

Tax Account: 2609018
Parcel Number: 26-37-27-Nf-00001.0-0023.00
General County Location: South
Elementary School: Sea Park
Middle School: DeLaura
High School: Satellite
Tax Annual Amount: 16187.2
Tax Year: 2022
Tax Legal Description: TORTOISE ISLAND PH 3 UNIT 2 P.U.D. LOT 23 BLK 1
Zoning Description: Residential
Directions: East over Pineda Causeway, Right on S. Patrick Dr, Right on Tortoise Dr, Right on Hawskbill Island Dr, Left on Lanternback Island Dr, home on Right

Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Electric Range: Yes
Gas Water Heater: Yes
Instant Hot Water: Yes
Microwave: Yes
Refrigerator: Yes
Washer: Yes

Association Amenities

Boat Launch: Yes
Clubhouse: Yes
Fitness Center: Yes
Gated: Yes
Maintenance Grounds: Yes
Management - Full Time: Yes
Pickleball: Yes
Playground: Yes
Community Pool: Yes
Security: Yes
Tennis Court(s): Yes

Construction Materials

Frame: Yes
Stucco: Yes
Wood Siding: Yes

Cooling

Central Air: Yes

Current Use

Residential: Yes
Single Family: Yes

Electric

Whole House Generator: Yes

Exterior Features

Boat Ramp - Private: Yes
Dock: Yes
Storm Shutters: Yes

Flooring

Tile: Yes
Wood: Yes

Green Building Verification Type

Zero Energy Ready Home: Yes

Heating

Central: Yes

Interior Features

Breakfast Nook: Yes
Built-in Features: Yes
Butler Pantry: Yes
Ceiling Fan(s): Yes
Eat-in Kitchen: Yes
Elevator: Yes
Entrance Foyer: Yes
Open Floorplan: Yes
Pantry: Yes
Primary Bathroom -Tub with Separate Shower: Yes
Split Bedrooms: Yes
Vaulted Ceiling(s): Yes
Walk-In Closet(s): Yes

Laundry Features

Electric Dryer Hookup: Yes
Lower Level: Yes
Upper Level: Yes

Levels

Two: Yes

Listing Terms

Cash: Yes
Conventional: Yes
FHA: Yes
VA Loan: Yes

Lot Features

Other: Yes

Parking Features

Attached: Yes
Electric Vehicle Charging Station(s): Yes
Garage: Yes
Garage Door Opener: Yes

Patio And Porch Features

Covered: Yes
Porch: Yes
Rear Porch: Yes
Side Porch: Yes

Pool Features

In Ground: Yes
Salt Water: Yes
Waterfall: Yes

Possession

Close Of Escrow: Yes

Water Body Access Type

Community: Yes

Road Surface Type

Paved: Yes

Roof

Metal: Yes

Security Features

Gated with Guard: Yes

Sewer

Public Sewer: Yes

Special Listing Conditions

Standard: Yes

Utilities

Cable Available: Yes
Electricity Available: Yes
Electricity Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

View

Pool: Yes
River: Yes
Water: Yes

Water Source

Public: Yes

Waterfront Features

Canal Front: Yes
Navigable Water: Yes
River Access: Yes
River Front: Yes

Smart Home Features

Lighting: Yes

Listing Office: Waterman Real Estate, Inc.

Last Updated: July - 13 - 2026

Information is deemed to be reliable, but is not guaranteed.