142 Lanternback Island Drive, Satellite Beach, FL 32937 (MLS# 1063063)

(321) 951-0322

(800) 545-5687

738 Malabar Road SE

Palm Bay, FL 32907

Mon-Fri 9:00 am to 5:45 pm

Saturday 10:00 am - 2:00 pm

142 Lanternback Island Drive, Satellite Beach, FL 32937

$1,350,000

2D Floor Plan for 142 Lanternback Island

Spacious-Living-Room-with-Archways - Liv

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

Overview

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 fle ... (Read more)

Listing Details MLS# 1063063

General Property Information

Bedrooms Total: 4
Bathrooms Total: 4
Bathrooms Full: 3
Bathrooms Half: Yes
Living Area: 3202
Living Area Source: Public Records
Accessibility Features YN: No
New Construction YN: No
Year Built: 1989
Garage YN: Yes
Garage Spaces: 4
Carport YN: No
Lot Size Acres: 0.46
Lot Size Square Feet: 20038
Association YN: Yes
Association Fee: 355
Association Fee Frequency: Monthly
Association Name: Tortoise Island Homeowners Association
Association Phone: 321.773.7573
CDD Fee YN: No
Community Fee(s) YN: No
Water Body Access YN: Yes
Waterfront YN: Yes
Water Body Name: Grand Canal
Furnished: Unfurnished
Stories: Yes
Entry Level: Yes
Direction Faces: West
Senior Community YN: No
Pool Private YN: Yes
List Price/SqFt: 421.61

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

Contract Information

Original List Price: 1350000
Listing Contract Date: 2025-11-28
Start Showing Date: 2025-12-04
Property Sub Type: Single Family Residence

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

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.

Status Change Information

Major Change Timestamp: 2025-12-04T08:15:51Z
Major Change Type: New Listing
Status Change Timestamp: 2025-12-04

More Information

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

DPR Eligible

DPR Eligible: No

Fireplace Features

Fireplaces Total: Yes

Legal Details

Permission Granted to Advertise: No

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.

Appliances

Dryer: Yes
Washer: Yes

Architectural Style

Traditional: Yes

Association Amenities

Boat Dock: Yes
Boat Launch: Yes
Clubhouse: Yes
Fitness Center: Yes
Gated: Yes
Maintenance Grounds: Yes
Management - On Site: Yes
Pickleball: Yes
Playground: Yes
Pool: Yes
Security: Yes
Tennis Court(s): Yes

Association Fee Includes

Security: Yes

Construction Materials

Concrete: Yes
Stucco: Yes

Cooling

Central Air: Yes
Electric: Yes

Current Use

Residential: Yes
Single Family: Yes

Exterior Features

Dock: Yes
Outdoor Shower: Yes

Flooring

Tile: Yes

Heating

Central: Yes
Electric: Yes

Interior Features

Ceiling Fan(s): Yes
His and Hers Closets: Yes
Primary Bathroom -Tub with Separate Shower: Yes
Primary Downstairs: Yes
Skylight(s): Yes
Split Bedrooms: Yes
Vaulted Ceiling(s): Yes
Walk-In Closet(s): Yes
Wet Bar: Yes

Laundry Features

Electric Dryer Hookup: Yes
In Unit: Yes
Washer Hookup: Yes

Levels

One: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lot Features

Sprinklers In Front: Yes
Sprinklers In Rear: Yes

Parking Features

Attached: Yes
Garage: Yes

Pets Allowed

Yes: Yes

Pool Features

In Ground: Yes
Screen Enclosure: Yes

Possession

Close Of Escrow: Yes

Water Body Access Type

Navigable: Yes

Road Frontage Type

Private Road: Yes

Road Surface Type

Asphalt: Yes

Roof

Metal: Yes
Tile: Yes

Security Features

24 Hour Security: Yes
Gated with Guard: Yes

Sewer

Public Sewer: Yes

Spa Features

In Ground: Yes

Special Listing Conditions

Standard: Yes

Utilities

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

View

Canal: Yes
Pool: Yes
Water: Yes

Water Source

Public: Yes

Waterfront Features

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

Showing Requirements

Appointment Only: Yes
Listing Agent Must Accompany: Yes
Showing Service: Yes

Property Condition

Fixer: Yes

Rental Restrictions

6 Months: Yes

Community Features

Gated: Yes

Listing Office: Avanti Way Realty LLC

Last Updated: December - 11 - 2025

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