About This Property
Description from listing agentWelcome to the prime spot on beautiful Lake Shephard, a true hidden gem in Satellite Beach. This stunning waterfront home located on the entrance to the lake offers views of the Grand Canal, Lake Shephard and stunning sunset views. Relax in the rocking chairs and see the sky explode into pink, blue and yellow sunsets. This property has so many areas to entertain, whether poolside, the upper decks, or the gazebo, this 3 BR/4BA home offers so many possibilities. Three bedrooms are all located on ground floor, each with their own bathroom. The den or media room on the ground floor is a bonus room and could be a game room, man cave or children's playroom. 2nd story is one open floorplan with a bar and small kitchenette. The large seating area offers spectacular panoramic views and wrap around balconies, perfect for entertaining. The dock was replaced with new composite decking and existing boat lift. Located in a cul de sac and walled in on both sides. Please note there is no garage.
Space Coast Context
🚀 Launch Viewing — Good Views
25.7 mi from SLC-40
25.7 miles from SLC-40 — visible on clear days, especially at night.
Estimates only — verify with Google Maps.
Flood Risk
Outside the Special Flood Hazard Area. Flood insurance is optional but recommended.
Estimated flood insurance: $500 – $1,200 / yr — varies by coverage, elevation & insurer
Source: FEMA National Flood Hazard Layer. Insurance estimates are ranges only — get a quote for accurate pricing.
Offer Intelligence
Price history and market context for this listing.
How we match comps
Comps are pulled directly from the Space Coast MLS — sold sales only, closed within the last 180 days. We apply hyper-local matching criteria in this order:
- ✓Same property type, always (single family, condo, townhouse, etc.)
- ✓Single-story homes compared only to single-story (and multi to multi)
- ✓Exact bedroom count
- ✓Bathrooms within ±0.5
- ✓Garage spaces within ±1
- ✓Pool status must match
- ✓Waterfront status must match
- ✓HOA must match (HOA community vs. no HOA)
- ✓Price within ±5–20% of list price (tightest in early tiers)
- ✓Square footage within ±10–25% (tighter in early tiers)
- ✓Year built always within ±5–20 years (never dropped)
We search in tiers, expanding the radius only as needed — starting in the same subdivision within 1 mile, then 2 miles, then the same neighborhood within 3 miles, and the same zip code within 5 miles as a last resort. For luxury homes ($5M+), where nearby comps are scarce, we widen the search to 5–20 miles. Year built is always required so comps are from the same era of construction. The median is weighted toward nearer sales, and sales within the last 90 days count 2× to reflect current market conditions.
Median estimate is based on similar active listings and homes that have sold within the last 180 days in this area, as reported through Brevard MLS. This is not an appraisal or a Comparative Market Analysis (CMA). Before making an offer, work with a licensed real estate agent to obtain a CMA, or hire a certified real estate appraiser for an independent valuation.
Location
Get DirectionsAdditional Details
Schools
Elementary
Holland
Middle School
DeLaura
High School
Satellite
Financial & Listing Details
Estimated Monthly Payment
- Principal & interest
- $6,639
- Property taxes
- $1,260
- Insurance
- $150
Based on a 6.90% rate, 30-year loan, and $1.3M price — down payment shown: $252,000.
This is a quick estimate only — it does not include items like mortgage insurance, closing costs, or rate-lock terms. For an accurate payment based on your credit and finances, get pre-qualified with a certified bank or licensed mortgage brokerage.
