142 Lanternback Island Drive, Satellite Beach, FL 32937
$1,350,000
Property Type:
Residential
Bedrooms:
4
Baths:
4
Square Footage:
3,202
Lot Size (sq. ft.):
20,038
Status:
Active
Current Price:
$1,350,000
List Date:
12/04/2025
Last Modified:
12/11/2025
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.
Supplements: 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.
More Information MLS# 1063063
Contract Information
Start Showing Date: 2025-12-04
Current Price: $1,350,000
Original List Price: 1350000
List Price: $1,350,000
Status: Active
Listing Contract Date: 2025-11-28
Property Sub Type: Single Family Residence
Currently Not Used
Homestead YN: Yes
Location, Tax, and Legal
Tax Account: 2606910
Parcel Number: 26-37-22-80-00007.0-0051.00
General County Location: South
Elementary School: Sea Park
Middle School: DeLaura
High School: Satellite
Tax Annual Amount: 7261.96
Tax Year: 2025
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.
General Property Information
Bathrooms Half: 1
Living Area: 3202
Living Area Source: Public Records
Lot Size Acres: 0.46
Lot Size Square Feet: 20038
Accessibility Features YN: No
Association YN: Yes
Association Fee: 355
New Construction YN: No
Association Fee Frequency: Monthly
Association Name: Tortoise Island Homeowners Association
Association Phone: 321.773.7573
Garage YN: Yes
Garage Spaces: 4
Carport YN: No
Waterfront YN: Yes
Water Body Name: Grand Canal
Senior Community YN: No
CDD Fee YN: No
Community Fee(s) YN: No
Water Body Access YN: Yes
Furnished: Unfurnished
Stories: 1
Entry Level: 1
Direction Faces: West
Pool Private YN: Yes
List Price/SqFt: 421.61
Bedrooms Total: 4
Bathrooms Total: 4
Bathrooms Full: 3
Year Built: 1989
Remarks and Miscellaneous
Public Remarks: 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.
Appliances
Dryer: 1
Washer: 1
Architectural Style
Traditional: 1
Association Amenities
Boat Dock: 1
Boat Launch: 1
Clubhouse: 1
Fitness Center: 1
Gated: 1
Maintenance Grounds: 1
Management - On Site: 1
Pickleball: 1
Playground: 1
Pool: 1
Security: 1
Tennis Court(s): 1
Association Fee Includes
Security: 1
Closing Company Details
Closing Company Name: State Title Partners- Sharon Greenleaf 321.728.3836
Closing Company Address: 300 West Fee Avenue, Suite B, Melbourne, FL 32901
Construction Materials
Concrete: 1
Stucco: 1
Cooling
Central Air: 1
Electric: 1
Current Use
Residential: 1
Single Family: 1
DPR Eligible
DPR Eligible: No
Exterior Features
Dock: 1
Outdoor Shower: 1
Fireplace Features
Fireplaces Total: 1
Flooring
Tile: 1
Heating
Central: 1
Electric: 1
Interior Features
Ceiling Fan(s): 1
His and Hers Closets: 1
Primary Bathroom -Tub with Separate Shower: 1
Primary Downstairs: 1
Skylight(s): 1
Split Bedrooms: 1
Vaulted Ceiling(s): 1
Walk-In Closet(s): 1
Wet Bar: 1
Laundry Features
Electric Dryer Hookup: 1
In Unit: 1
Washer Hookup: 1
Legal Details
Permission Granted to Advertise: No
Levels
One: 1
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Sprinklers In Front: 1
Sprinklers In Rear: 1
Parking Features
Attached: 1
Garage: 1
Pets Allowed
Yes: 1
Pool Features
In Ground: 1
Screen Enclosure: 1
Possession
Close Of Escrow: 1
Water Body Access Type
Navigable: 1
Road Frontage Type
Private Road: 1
Road Surface Type
Asphalt: 1
Roof
Metal: 1
Tile: 1
Security Features
24 Hour Security: 1
Gated with Guard: 1
Sewer
Public Sewer: 1
Spa Features
In Ground: 1
Special Listing Conditions
Standard: 1
Utilities
Cable Available: 1
Electricity Connected: 1
Sewer Connected: 1
Water Connected: 1
View
Canal: 1
Pool: 1
Water: 1
Water Source
Public: 1
Waterfront Features
Canal Front: 1
Navigable Water: 1
River Access: 1
Showing Requirements
Appointment Only: 1
Listing Agent Must Accompany: 1
Showing Service: 1
Property Condition
Fixer: 1
Rental Restrictions
6 Months: 1
Community Features
Gated: 1
Location Tax and Legal
Street Number: 142
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 4 PUD
Status Change Information
Major Change Timestamp: 2025-12-04T08:15:51Z
Major Change Type: New Listing
Status Change Timestamp: 2025-12-04
Property Features
Appliances: Dryer; Washer
Architectural Style: Traditional
Association Amenities: Boat Dock; Boat Launch; Clubhouse; Fitness Center; Gated; Maintenance Grounds; Management - On Site; Pickleball; Playground; Pool; Security; Tennis Court(s)
Association Fee Includes: Security
Construction Materials: Concrete; Stucco
Cooling: Central Air; Electric
Current Use: Residential; Single Family
Exterior Features: Dock; Outdoor Shower
Flooring: Tile
Heating: Central; Electric
Interior Features: Ceiling Fan(s); His and Hers Closets; Primary Bathroom -Tub with Separate Shower; Primary Downstairs; Skylight(s); Split Bedrooms; Vaulted Ceiling(s); Walk-In Closet(s); Wet Bar
Laundry Features: Electric Dryer Hookup; In Unit; Washer Hookup
Levels: One
Listing Terms: Cash; Conventional
Lot Features: Sprinklers In Front; Sprinklers In Rear
Parking Features: Attached; Garage
Pets Allowed: Yes
Pool Features: In Ground; Screen Enclosure
Possession: Close Of Escrow
Water Body Access Type: Navigable
Property Condition: Fixer
Rental Restrictions: 6 Months
Road Frontage Type: Private Road
Road Surface Type: Asphalt
Roof: Metal; Tile
Security Features: 24 Hour Security; Gated with Guard
Sewer: Public Sewer
Showing Requirements: Appointment Only; Listing Agent Must Accompany; Showing Service
Spa Features: In Ground
Special Listing Conditions: Standard
Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected
View: Canal; Pool; Water
Water Source: Public
Waterfront Features: Canal Front; Navigable Water; River Access
Community Features: Gated
Listing Office:
Avanti Way Realty LLC
Last Updated: December - 11 - 2025
Information is deemed to be reliable, but is not guaranteed.