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For SaleSingle Family Home
$1.9M
250 Lanternback Island Drive, Satellite Beach, FL 32937
Satellite Beach neighborhood
Subdivision: Tortoise Island Ph 4 PUD
5
Bedrooms
4
Bathrooms
4,637
Sq Ft
1989
Year Built
$420 /sqft

About This Property

Description from listing agent

Tucked behind the guarded gates of Tortoise Island, this extraordinary waterfront estate commands approximately 120-feet of prime frontage along a 17-foot deep dredged canal, quietly asserting itself as one of the most significant offerings the community has seen in decades. With a newly reimagined dock and a private beach style shoreline, the property offers a level of boating access, scale, and permanence that discerning buyers often wait a lifetime to secure. The residence unfolds across more than 4,600 square feet of thoughtfully curated interior space, where timeless materials meet architectural volume. Tile flooring flows seamlessly throughout, complemented by soaring vaulted ceilings that create a sense of openness without sacrificing warmth. A private office anchors the front of the home, offering a refined workspace, while the primary living and dining areas extend naturally toward the water through French doors, dissolving the boundary between indoors and out.

Space Coast Context

🚀 Launch Viewing — Good Views

24.4 mi from SLC-40

24.4 miles from SLC-40 — visible on clear days, especially at night.

Aerospace Commute Guide
Northrop5.8 mi~13 min
L3Harris7.8 mi~17 min
Blue Origin18.6 mi~41 min
SpaceX19.6 mi~44 min
Lockheed19.6 mi~44 min
Boeing/KSC21.5 mi~48 min
KSC22.1 mi~49 min

Estimates only — verify with Google Maps.

Flood Risk

Zone X (500-yr) — Moderate Risk

Moderate flood risk (0.2% annual chance). Flood insurance is optional but advisable.

Estimated flood insurance: $800 – $2,500 / 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.

Price Reductions
No reductions
Listed price has not changed since hitting the market
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.

Additional Details

Lot Size
0.38 acres (16,553 sqft)
Full Baths
3
Half Baths
1
Garage
2 car
Fireplaces
2
HOA Fee
$355/mo
Waterfront
Canal Navigational to Banana River
Pool
Yes
Days on Market
16
MLS Area
381 - N Satellite Beach

Community & HOA

HOA

  • Name: Tortoise Island Homeowners Association
  • Fee: $355 / monthly

Schools

Elementary

Sea Park

Middle School

DeLaura

High School

Satellite

Financial & Listing Details

Listed
Jul 1, 2026
Parcel #
26-37-22-80-00007.0-0033.00
$1.9M

Listing Agent (for property info)

L
Lily Ingeldsen
ZOOM Realty Group LLC
321-419-7575
Call Listing Agent

Estimated Monthly Payment

$12,723/mo
Principal & interest
$10,269
Property taxes
$1,949
Insurance & HOA
$505

Based on a 6.90% rate, 30-year loan, and $1.9M price — down payment shown: $389,800.

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.

MLS# 1066767

Interested in this property?

Equal Housing Opportunity

MLS# 1066767 · Listing Broker: ZOOM Realty Group LLC · 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. The data is deemed reliable but is not guaranteed accurate by the MLS. Listing information provided by Space Coast Association of REALTORS® and the Space Coast MLS. © 2026 Space Coast Association of REALTORS®. All rights reserved. · MaxxCity Realty LLC · Licensed in Florida.