$1,350,000 For Sale

142 Lanternback Island Drive
Satellite Beach, FL 32937

4 beds, 3 full, 1 partial baths | Single Family Home
3,202 sq ft; lot: 20038 sq ft lot - MLS# 1063063
Property Photo
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Description

Secure your spot on the coveted Grand Canal of Tortoise Island, the premier deep-water sanctuary for serious boaters. This is not just a renovation project; it is a rare opportunity to acquire a prime waterfront footprint with a massive 4-car garage in Satellite Beach's most exclusive gated community. Situated on the widest and deepest canal in the community, this property offers unmatched dockage potential. Whether you captain a sport fisher, sailboat, or a luxury cruiser, the Grand Canal provides the draft and maneuverability you need, with direct, bridge-free access to the Banana River and the Intracoastal Waterway. Bring your General Contractor and your vision. This estate is stripped to a clean slate, offering a true ''blank canvas'' for your design. The kitchen and flooring have been removed, saving you the cost and hassle of demolition. Digital renovation photos have been added to give you inspiration. Roof is 2020 so use your funds for the fun stuff. This is your chance to install the chef's kitchen, wide-plank flooring, and spa-inspired baths you've always wanted, without paying a premium for someone else's dated taste. Beyond the water, the structure boasts a highly desirable 4-car garage, a rarity in the community and perfect for the collector, the workshop enthusiast, or the golf cart fleet. The layout features unmatched potential for open-concept living with sweeping water views. Tortoise Island is known for active, luxury living. Enjoy 24-hour staffed gated security, a clubhouse, boat ramp, large community pool, playground, and courts for tennis and pickleball. You are minutes from top-rated schools, i-95 and the beaches. Don't settle for a move-in ready home that doesn't fit your style. Build equity and design your legacy on the Grand Canal. Construction loan available.

Features

  • Property Type: Single Family Home
  • Sub Type: Single Family Home
  • Listing Status: Active
  • County/Area: Brevard County
  • Zip Code: 32937
  • Year Built: 1989
  • Subdivision/Neighborhood: Tortoise Island Ph 4 Pud
  • Elementary School: Sea Park
  • Middle School: DeLaura
  • High School: Satellite
  • Sq.Ft.: 3,202 sq ft
  • Style: Traditional
  • Stories: 1
  • Bedrooms: 4
  • Full Baths: 3
  • Half Baths: 1
  • Garage: Attached, 4 Car
  • Fireplace: Yes, 1
  • Lot Size: 20038 sq ft lot
  • Baths: 4
  • Pool or Spa: In Ground, Screen Enclosure, Private Pool, In Ground Spa
  • View: Canal, Pool, Water
  • Waterfront: Grand Canal, Canal Front, Navigable Water, River Access
  • Additional Parcels Description: 2606910
  • Appliances: Dryer, Washer
  • Association: Yes
  • Association Amenities: Boat Dock, Clubhouse, Fitness Center, Gated, Maintenance Grounds, Playground, Security, Tennis Court(s), Pickleball, Boat Launch, Management - On Site, Pool
  • Association Fee Includes: Security
  • Association Phone: 321.773.7573
  • Construction Materials: Concrete, Stucco
  • Cooling: Central Air, Electric
  • Direction Faces: West
  • Directions: From South Patrick Drive, enter Tortoise Island and check in at the gate. Continue over the bridge and take the first right onto Hawksbill. Cross the second bridge, then turn right onto Lanternback Island Drive. Follow the road as it curves to the right to stay on Lanternback. The home will be on your right.
  • Entry Level: 1
  • Exterior Features: Dock, Outdoor Shower
  • Flooring: Tile
  • HOA Fee: 355
  • HOA Frequency: Monthly
  • HOA Name: Tortoise Island Homeowners Association
  • Heating: Central, Electric
  • Interior Features: Ceiling Fan(s), His and Hers Closets, Primary Downstairs, Vaulted Ceiling(s), Wet Bar, Walk-In Closet(s), Primary Bathroom -Tub with Separate Shower, Split Bedrooms
  • Laundry Features: Electric Dryer Hookup, In Unit, Washer Hookup
  • Levels: One
  • Listing Terms: Cash, Conventional
  • Living Area Source: Public Records
  • Lot Features: Sprinklers In Front, Sprinklers In Rear
  • Lot Size Area: 0.46
  • Lot Size Square Feet: 20038
  • Lot Size Units: Acres
  • MLS Area Minor: 381 - N Satellite Beach
  • Main Type: Residential
  • Parcel Number: 26-37-22-80-00007.0-0051.00
  • Parking Features: Attached, Garage
  • Pets Allowed: Yes
  • Possession: Close Of Escrow
  • Property Condition: Fixer
  • Road Frontage Type: Private Road
  • Road Surface Type: Asphalt
  • Roof: Metal, Tile
  • Security Features: 24 Hour Security, Gated with Guard
  • Sewer: Public Sewer
  • Special Conditions Details: Standard
  • Tax Annual Amount: 7261.96
  • Tax Year: 2025
  • Utilities: Cable Available, Electricity Connected, Sewer Connected, Water Connected
  • Water Source: Public
  • Window Features: Skylight(s)
Courtesy of Avanti Way Realty LLC
Source: Space Coast MLS (Space Coast Association of REALTORS®)

Melbourne Real Estate
685 Prescott Blvd.
Melbourne, FL 32903
Phone: 1-866-645-7702
Email: info@MyMelbournePlace.com

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