2 months on rocket

502 Lanternback Island Dr, Satellite Beach, FL, 32937

$2,349,000

Home List Price

$10,000*

Closing Credit

5 Bedrooms
5 Full Baths, 2 Partial
6,904 SqFt
$340/SqFt
House
Schools Nearby

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

502 Lanternback Island Dr, Satellite Beach$2,349,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
ParkingElectric Vehicle Charging Station(s), Garage
Garage3 spaces
Year Built1990
HeatingPropane
CoolingCentral Air, Multi Unit(s), Split System
WaterfrontNavigable Water, River Access, River Front, Waterfront
FireplaceGas
ViewRiver, Water
Private PoolYes
MLS #1003447
Lot Size0.39 Acres
StatusActive

About 502 Lanternback Island Dr

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.

Property Details

Property Features

Property Information:

  • Year Built: 1990
  • Stories: 2
  • Living Area: 6,904 SqFt

Listing Office:

  • Office Name: Compass Florida, LLC
  • Office Phone: (321) 214-8400
  • Listing Agent: DeWayne Carpenter

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Electric Cooktop, Electric Range, Freezer, Gas Range, Washer
  • Flooring Type: Laminate, Tile, Wood
  • Interior: Breakfast Nook, Built-in Features, Ceiling Fan(s), Eat-in Kitchen, Elevator, Guest Suite, Kitchen Island, Pantry, Split Bedrooms, Walk-In Closet(s), Wet Bar
  • Fireplace: Gas

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Full Bathrooms: 5
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • Waterfront: Navigable Water, River Access, River Front, Waterfront
  • View: River, Water
  • Exterior: Balcony, Boat Slip, Courtyard, Storm Windows

Parking Information:

  • Garage Space: 3 spaces
  • Attached Garage: No
  • Parking: Electric Vehicle Charging Station(s), Garage

Virtual/3D Tour

  • 3D Tour: 502 Lanternback Island Dr

3D Tour

Lot Features

Lot Information:

  • Lot: Few Trees
  • Lot Size: 0.39 Acres

Utilities

Utilities Information:

  • Heating: Propane
  • Cooling: Central Air, Multi Unit(s), Split System

School Info

Assigned Schools Information:

  • Satellite High School, Public District Grades PK-12
  • DeLaura Middle School, Public District Grades 7-8
  • Sea Park Elementary School, Public District Grades PK-6

Other

Directions Information:

  • Directions: Head south on Florida A1A S, right onto Sea Park Blvd, left onto S Patrick Dr, right onto Tortoise Dr, right onto Hawksbill Island Dr, left to stay on Hawksbill Island Dr, right onto Lanternback Island Dr, destination on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,349,000
  • Price Per SqFt: $340/SqFt

HOA Fees:

  • Amount: $375
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $15,896
  • Tax Year: 2020
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Satellite Beach, FL.

Map thumbnail provided by MapBox

Satellite Beach, FL

City

Med. Sold Price

$512K

Med. Price/SqFt

$296

Avg. Days On Market

43

# of Sold Homes

22

502 Lanternback Island Dr vs Satellite Beach

67 DAYS ON ROCKET

+24 Days

$2,349,000

+$1.8M More

$340/SqFt

+$43 More

KEY TAKEAWAY

This property is $1.8M more than the Median Sold Price and $43/SqFt more than other homes in Satellite Beach, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Space Coast MLS (Space Coast Association of REALTORS®)
  • MLS Number: #1003447

Listing Office:

  • Office Name: Compass Florida, LLC
  • Office Phone: (321) 214-8400
  • Listing Agent: DeWayne Carpenter

IDX Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/28/2024, 12:50:21 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 02, 2010Home Sold
$925,000
Sep 24, 2004Home Sold
$1,250,000

Tax History

YEARPROP. TAXASSESSMENT
2020$15,896$1,212,500
2019$17,952$1,264,240
2018$17,083$1,248,070
2017$17,083$1,137,620

History based on county public records data.

Payment Calculator

$12.1K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,109

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1888692
8
/10

  • Sea Park Elementary School

  • 300 Sea Park Blvd

  • 0.73 miles

  • Public District Grades PK-6

Middle School

school-card-donut-1888693
7
/10

  • DeLaura Middle School

  • 300 Jackson Ave

  • 1.65 miles

  • Public District Grades 7-8

High School

school-card-donut-1888694
8
/10

  • Satellite High School

  • 300 Scorpion Ct

  • 1.48 miles

  • Public District Grades PK-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $177,027. The most common annual income of people living in Satellite Beach, FL is $200k+. The most common type of family is married, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 502 Lanternback Island Dr

What is the listing price of this property?

The listing price of 502 Lanternback Island Dr property is $2,349,000.

What type of property is this?

The property 502 Lanternback Island Dr is a house located in Satellite Beach, Florida, 32937.

Is this property for sale now?

Active Listing: 502 Lanternback Island Dr is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 502 Lanternback Island Dr are:
Sea Park Elementary School: GreatSchools Rating 8/10
DeLaura Middle School: GreatSchools Rating 7/10
Satellite High School: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $15,896 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on August 2, 2010 for $925,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 502 Lanternback Island Dr has 5 bedrooms and 5 full and 2 half bathrooms.

What is the square footage of this property?

The property 502 Lanternback Island Dr is 6,904 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 502 Lanternback Island Dr is 1990.

Rocket Homes›Florida›Brevard County›Satellite Beach›32937›502 Lanternback Island Dr

This home is located at 502 Lanternback Island Dr in Satellite Beach, FL and zip code 32937 in the Tortiose neighborhood. This 6,904 square foot home, which was built in 1990, sits on a 0.39 acre lot. Features: 5 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since February 20, 2024 and is currently priced at $2,349,000.

Satellite Beach, FL housing market in March 2024 saw over 1 listings sold above listed price, more than 1 sold at listed price and over 20 sold below. The inventory of homes for sale in Satellite Beach, FL between February 2024 and March 2024 increased by 10.3%. Listings spent 43 days on the market in March 2024, and had a median list price of $512,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

More Resources