388 Lanternback Island Drive, Satellite Beach, FL 32937
$425,000
Property Type:
Land
Lot Size (sq. ft.):
16,988
Status:
Closed
Current Price:
$425,000
List Date:
5/12/2019
Last Modified:
8/20/2026
Overview
Description
Extremely rare opportunity to build your waterfront dream home on the Banana River in Satellite Beach! This .39 acre lot is located in the newest phase of Tortoise Island and features 103 ft of water frontage. Large allowable building footprint can accommodate a sizable 1 or 2-story home, pool and dock! Owner has already conducted the survey and soil boring test. Amenities in Tortoise Island include 24 hour guarded gate, large community pool, tennis courts, clubhouse, gym, boat ramp, playground, game room and more! Community fees are just $235/month! Fantastic location just a short bike ride to the beach. Quick access to the Pineda Causeway, US-1, I-95, Melbourne, Viera, and all that the Space Coast has to offer.
Listing Details MLS# 844833
General Property Information
- Road Frontage Feet
- 103
- Number Of Lots
- Yes
- Lot Size Acres
- 0.39
- Lot Size Dimensions
- 178 x 103
- Lot Dimensions Source
- Public Records
- Lot Size Square Feet
- 16988
- Association YN
- Yes
- Association Fee
- 235
- Association Fee Frequency
- Monthly
- Water Body Access YN
- No
- Waterfront YN
- Yes
- Water Body Name
- Banana River
- Water Frontage Feet
- 103
- Senior Community YN
- No
- List Price/Acre
- 1230512.82
- Sold Price/Acre
- 1089743.59
Property Features
Association Amenities:
Community Pool
Association Fee Includes:
Security
Current Use:
Residential; Single Family
Listing Terms:
Cash; Conventional; VA Loan
Lot Features:
Cleared
Possession:
Close Of Escrow
Road Surface Type:
Paved
Showing Requirements:
Call Listing Agent; No Sign
Special Listing Conditions:
Standard
Utilities:
Cable Available; Electricity Connected; Sewer Connected
Water Source:
Public
Waterfront Features:
River Front
Contract Information
- Original List Price
- 519000
- Listing Contract Date
- 2019-05-11
- Property Sub Type
- Unimproved Land
Location Tax and Legal
- Street Number
- 388
- 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
- Extremely rare opportunity to build your waterfront dream home on the Banana River in Satellite Beach! This .39 acre lot is located in the newest phase of Tortoise Island and features 103 ft of water frontage. Large allowable building footprint can accommodate a sizable 1 or 2-story home, pool and dock! Owner has already conducted the survey and soil boring test. Amenities in Tortoise Island include 24 hour guarded gate, large community pool, tennis courts, clubhouse, gym, boat ramp, playground, game room and more! Community fees are just $235/month! Fantastic location just a short bike ride to the beach. Quick access to the Pineda Causeway, US-1, I-95, Melbourne, Viera, and all that the Space Coast has to offer.
Status Change Information
- Major Change Timestamp
- 2023-11-11T04:29:10Z
- Major Change Type
- Price Reduced
- Price Change Timestamp
- 2019-09-04T14:31:59Z
- Status Change Timestamp
- 2019-10-18
- Purchase Contract Date
- 2019-09-18
- Close Date
- 2019-10-18
- Close Price
- 425000
More Information
Closing Company Details
- Closing Company Name
- Supreme Title - Laurie Druckenmiller - Laurie@supremetitlellc.com (321) 725-0115
- Closing Company Address
- 2415 S Babcock St, Melbourne, FL 32901
Showing Requirements
- Gated
- Community
- Call Listing Agent
- Yes
- No Sign
- Yes
Historical Information
- Public Historical Remarks 3
- Frontage Description: Private Road, Number of Lots: 1.00
Location, Tax, and Legal
- Tax Account
- 2606869
- Parcel Number
- 26-37-22-80-00007.0-0010.00
- General County Location
- South
- Elementary School
- Sea Park
- Middle School
- DeLaura
- High School
- Satellite
- Tax Annual Amount
- 4534.23
- Tax Year
- 2018
- Tax Legal Description
- TORTOISE ISLAND PH 4 P.U.D. LOT 10 BLK 7
- Directions
- From South Patrick Dr., West on Tortoise Dr. to main entrance of Tortoise Island, go over bridge, Right on Hawksbill Island Dr., Left on Lanternback Island Dr. Make right after going over the bridge.
Currently Not Used
- Pool Private YN
- No
Association Amenities
- Community Pool
- Yes
Association Fee Includes
- Security
- Yes
Current Use
- Residential
- Yes
- Single Family
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
- VA Loan
- Yes
Lot Features
- Cleared
- Yes
Possession
- Close Of Escrow
- Yes
Road Surface Type
- Paved
- Yes
Special Listing Conditions
- Standard
- Yes
Utilities
- Cable Available
- Yes
- Electricity Connected
- Yes
- Sewer Connected
- Yes
Water Source
- Public
- Yes
Waterfront Features
- River Front
- Yes
Listing Office:
Florida Elite Real Estate
Last Updated: August - 20 - 2026
Information is deemed to be reliable, but is not guaranteed.