$1,999,000
484 Lanternback Island Drive, Satellite Beach, Fl 32937
Satellite Beach, FL 32937
Listing updated: June 17, 2026 at 5:53 AM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
Garage spaces
About this home
Experience coastal luxury in the exclusive gated community of Tortoise Island. This stunning waterfront estate sits directly on the Banana River with a private dock and heated saltwater pool--perfect for enjoying Florida's sun-soaked lifestyle. With over 4,900 sq ft of living space, this home features a gourmet kitchen, two fireplaces, a spacious open floor plan, and a downstairs en-suite. Elegant details include travertine floors, tray ceilings, and crown molding. Recent upgrades include a new metal roof (2023), hot water heater (2023), garage door (2022), 2 downstairs HVAC (2023), and upstairs HVAC (2024). Enjoy serene river views from the large, covered patio, ideal for entertaining. Just minutes from the beach, this home is coastal living at its finest. Community amenities include a pool, tennis courts, fitness center, boat dock and slip, and playground. A rare riverfront gem in one of the area's most prestigious neighborhoods.
Local Insight
At nearly $2M for a 1987 build on 0.41 acres, you're paying primarily for Satellite Beach's ironclad low-density oceanfront positioning and the permanence that zoning protection offers—not for modern construction or square footage value relative to the Space Coast. The private pool and waterfront access are meaningful amenities, but at $407/sqft you'd want a thorough structural evaluation of a 37-year-old home in a saltwater environment before committing, especially given the premium you're paying for location scarcity rather than condition or recent updates. This property's real trade-off is whether Satellite Beach's guaranteed-low-rise character justifies the price over comparable newer waterfront homes in nearby Cocoa Beach or Melbourne Beach, where you'd get more modern construction for similar money.
AI-generated insight based on listing data and neighborhood context. Verify independently.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history
- Price reduced$1,999,000
Facts & features
- Property type
- Residential
- Sub type
- Single Family Residence
- Status
- Active
- Subdivision
- Tortoise Island Ph 3 Unit 2 Pud
- County
- Brevard
- Year built
- 1987
- Living area
- 4,913 sq ft
- Price/sq ft
- $407
- Building area
- 0 sq ft
- Lot size
- 17,860 sq ft
- Garage
- 2 spaces
- Pool
- Private pool
- MLS #
- 1077603
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Interior Details
- Bedrooms
- 5
- Full bathrooms
- 4
- Half bathrooms
- 1
Parking
- Garage spaces
- 2
Exterior & Construction
- Pool
- Private pool
- Waterfront
- Yes
Listing Details
- Original list price
- $2,155,000
Location
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of June 17, 2026 at 5:53 AM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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