$1,450,000
SOLD AUG 22, 2025

489 Lanternback Island Dr Satellite Beach, FL 32937

4 Beds
3.5 Baths
3,238 Sq Ft
0.32 Acres

Recently Sold

$448 Per Sq Ft

2 Days on Market

Highlights

  • 104 Feet of Waterfront
  • Docks
  • Boat Lift
  • Satellite Senior High School Rated A-
  • River Access
  • Community Boat Launch

About This Home

As of August 2025

You've finally found the lifestyle you deserve! The interior on this regal, waterfront home has just recently been completely and lovingly renovated with luxury in mind as well as a clean, modern aesthetic. High end kitchen appliances, large format porcelain tile throughout the main level, an abundance of natural light, 3 car garage and a spacious, screened pool lanai are just a couple highlights. Nestled in coveted, amenity rich Tortoise Island, close to beautiful beaches and all the various employment, dining and shopping options the Melbourne area has on offer. The navigable canal right in your backyard takes you to open water via the Grand Canal for a lifetime of boating adventure memories. The home's original 5th bedroom is now a dream closet for the lady of the house, but could easily be converted back to a bedroom, if desired. Roof replaced in 2018. Call today on this special opportunity !

Last Agent to Sell the Property

Dave Settgast

One Sotheby's International License #3165226 Listed on: 07/11/2025

One Sotheby's International

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,272

Year Built

  • Built in 1988 | Remodeled

Lot Details

  • 0.32 Acre Lot
  • 104 Feet of Waterfront
  • Home fronts navigable water
  • Home fronts a canal
  • Property fronts a private road
  • West Facing Home
  • Front and Back Yard Sprinklers

HOA Fees

  • $388 Monthly HOA Fees

Parking

  • 3 Car Attached Garage

Property Views

  • Canal
  • Pool

Home Design

  • Frame Construction
  • Shingle Roof
  • Asphalt
  • Stucco

Interior Spaces

  • 3,238 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Central Vacuum
  • Built-In Features
  • Vaulted Ceiling
  • Wood Burning Fireplace
  • Shades
  • Screened Porch
  • Washer and Electric Dryer Hookup

Kitchen

  • Breakfast Bar
  • Electric Oven
  • Stove
  • Induction Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • Dual Closets
  • Walk-In Closet
  • Separate Shower in Primary Bathroom

Home Security

  • Smart Lights or Controls
  • Security Gate
  • Smart Thermostat
  • Hurricane or Storm Shutters

Eco-Friendly Details

  • Smart Irrigation

Pool

  • Screened Pool
  • In Ground Pool
  • Screen Enclosure

Outdoor Features

  • River Access
  • Private Water Access
  • Boat Lift
  • Boat Slip
  • Docks
  • Balcony
  • Deck
  • Patio

Schools

  • Sea Park Elementary School
  • Delaura Middle School
  • Satellite High School

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 26-37-27-Nf-00002.0-0002.00

Community Details

Overview

  • Association fees include security
  • Tortoise Island HOA
  • Tortoise Island Ph 3 Unit 2 Pud Subdivision
  • Maintained Community

Amenities

  • Sauna
  • Clubhouse

Recreation

  • Community Boat Launch
  • Tennis Courts
  • Community Basketball Court
  • Pickleball Courts
  • Community Playground
  • Fitness Center
  • Community Pool

Security

  • 24-Hour Security
  • 24 Hour Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,272

Year Built

Built in 1988 | Remodeled

Lot Details

0

HOA Fees

$388 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Year Built: 1988
  • Reso Property Sub Type: Single Family Residence
  • ResoLaundryFeatures: Electric Dryer Hookup, Washer Hookup
  • ResoLotFeatures: Sprinklers In Front, Sprinklers In Rear, Other
  • Road Frontage Type: Private Road
  • Road Surface Type: Asphalt
  • Reso View: Canal, Pool, Water
  • Water Body Name: Grand Canal
  • ResoSecurityFeatures: 24 Hour Security, Gated with Guard, Security Gate
  • Reso Association Amenities: Basketball Court, Boat Launch, Clubhouse, Fitness Center, Gated, Maintenance Grounds, Management - Full Time, Pickleball, Playground, Pool, Sauna, Security, Tennis Court(s)
  • Reso Association Fee Includes: Security, Other
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Tortoise Island Ph 3 Unit 2 PUD
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Reso Property Condition: Updated/Remodeled
  • Location Tax and Legal Parcel Number2: 26-37-27-Nf-00002.0-0002.00
  • Location Tax and Legal Elementary School: Sea Park
  • Location Tax and Legal Middle School2: DeLaura
  • Location Tax and Legal High School: Satellite
  • Location Tax and Legal Tax Annual Amount: 6271.93
  • Location Tax and Legal Tax Year2: 2023
  • General Property Information Living Area2: 3238.0
  • General Property Information Building Area Total3: 4004.0
  • General Property Information Lot Size Acres: 0.32
  • General Property Information Lot Size Square Feet2: 13939.0
  • General Property Information New Construction YN: No
  • General Property Information Waterfront YN: Yes
  • General Property Information Senior Community YN: No
  • General Property Information Direction Faces: West
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Cooling:Electric: Yes
  • Flooring Tile: Yes
  • General Property Information Community Fee(s) YN: No
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Pets Allowed Yes: Yes
  • Pool Features In Ground: Yes
  • Association Amenities Maintenance Grounds2: Yes
  • Road Surface Type Asphalt: Yes
  • Roof:Shingle: Yes
  • Security Features Security Gate: Yes
  • Sewer:Public Sewer: Yes
  • Utilities Electricity Connected: Yes
  • View Pool: Yes
  • Flooring Carpet: Yes
  • Levels Two: Yes
  • Water Source Public: Yes
  • Interior Features Primary Bathroom -Tub with Separate Shower: Yes
  • General Property Information Carport YN2: No
  • View Water3: Yes
  • Pool Features Screen Enclosure: Yes
  • Smart Home Features Irrigation: Yes
  • Security Features Gated with Guard: Yes
  • Exterior Features Boat Lift: Yes
  • ViewCanal: Yes
  • General Property Information Water Frontage Feet: 104
  • Utilities Sewer Connected: Yes
  • General Property Information CDD Fee YN: No
  • Association Amenities Security2: Yes
  • Utilities Cable Connected: Yes
  • Utilities Water Connected: Yes
  • Smart Home Features Lighting2: Yes
  • Smart Home Features Programmable Thermostat: Yes
  • Smart Home Features Shade Control: Yes
  • Property Condition UpdatedRemodeled: Yes
  • General Property Information Stories2: 2
  • Road Frontage Type Private Road: Yes
  • Smart Home Features Dishwasher2: Yes
  • Smart Home Features Stove: Yes
  • Marketing Remarks:Marketing Remarks: You've finally found the lifestyle you deserve! The interior on this regal, waterfront home has just recently been completely and lovingly renovated with luxury in mind as well as a clean, modern aesthetic. High end kitchen appliances, large format porcelain tile throughout the main level, an abundance of natural light, 3 car garage and a spacious, screened pool lanai are just a couple highlights. Nestled in coveted, amenity rich Tortoise Island, close to beautiful beaches and all the various employment, dining and shopping options the Melbourne area has on offer. The navigable canal right in your backyard takes you to open water via the Grand Canal for a lifetime of boating adventure memories. The home's original 5th bedroom is now a dream closet for the lady of the house, but could easily be converted back to a bedroom, if desired. Roof replaced in 2018. Call today on this special opportunity !
  • Security Features 24 Hour Security: Yes
  • General Property Information:Pool Private YN: Yes
  • Water Body Access Type Owned: Yes
  • Community Features Gated4: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Breakfast Bar, Built-in Features, Central Vacuum, His and Hers Closets, Open Floorplan, Primary Bathroom -Tub with Separate Shower, Primary Downstairs, Split Bedrooms, Vaulted Ceiling(s), Walk-In Closet(s)
  • Flooring: Carpet, Tile
  • Appliances: Dishwasher, Disposal, Electric Oven, Induction Cooktop, Microwave, Refrigerator
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Wood Burning
  • Stories: 2
  • General Property Information Bathrooms Half: 1
  • Appliances Dishwasher: Yes
  • Interior Features:Primary Downstairs: Yes
  • Interior Features:Open Floorplan: Yes
  • Interior Features:Breakfast Bar: Yes
  • Interior Features:Built-in Features: Yes
  • Interior Features:Split Bedrooms: Yes
  • Interior Features:Vaulted Ceiling(s): Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:His and Hers Closets: Yes
  • Fireplace Features:Wood Burning: Yes
  • Interior Features:Central Vacuum: Yes
  • Appliances:Electric Oven: Yes
  • Appliances:Induction Cooktop: Yes

Exterior Features

  • Exterior Features: Balcony, Boat Slip, Dock, Boat Lift, Storm Shutters
  • Pool Features: In Ground, Screen Enclosure
  • Roof: Shingle
  • Acres: 0.32
  • Pool Private: Yes
  • Waterfront Features: Canal Front, Navigable Water, River Access
  • Waterfront: Yes
  • Construction Type: Frame, Stucco
  • Direction Faces: West
  • Patio And Porch Features: Deck, Front Porch, Patio, Screened
  • Construction Materials:Stucco: Yes
  • Patio And Porch Features:Deck: Yes
  • Patio And Porch Features:Patio: Yes
  • Patio And Porch Features:Screened: Yes
  • Exterior Features:Storm Shutters: Yes
  • Construction Materials:Frame: Yes
  • Exterior Features:Balcony: Yes
  • Lot Features:Sprinklers in Front: Yes
  • Lot Features:Sprinklers In Rear: Yes
  • Lot Features:Other21: Yes
  • Waterfront Features:Canal Front: Yes
  • Exterior Features:Boat Slip2: Yes
  • Exterior Features:Dock: Yes
  • Waterfront Features:River Access: Yes
  • Patio And Porch Features:Front Porch: Yes
  • Waterfront Features:Navigable Water: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Parking Features: Attached, Garage
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 3.0
  • Parking Features:Attached: Yes
  • Parking Features:Garage: Yes

Utilities

  • Cooling: Central Air, Electric
  • Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 388.0
  • Association Fee Frequency: Monthly
  • Association Name: Tortoise Island HOA
  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes
  • General Property Information:Association Name: Tortoise Island HOA
  • General Property Information:Association Fee: 388.0
  • General Property Information:Association Fee Frequency: Monthly
  • Association Amenities:Sauna2: Yes
  • Association Fee Includes:Security: Yes
  • Association Amenities:Clubhouse: Yes
  • Association Amenities:Fitness Center: Yes
  • Association Amenities:Basketball Court: Yes
  • Association Amenities:Tennis Court(s)2: Yes
  • Association Amenities:Playground: Yes
  • Association Amenities:Boat Launch: Yes
  • Association Amenities:Gated2: Yes
  • Association Amenities:Pickleball: Yes
  • Association Amenities:Pool3: Yes

Schools

  • Middle Or Junior School: DeLaura

Lot Info

  • Current Use: Residential, Single Family
  • Lot Size Sq Ft: 13939.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 26-37-27-Nf-00002.0-0002.00

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 6271.93

MLS Schools

  • Elementary School: Sea Park
  • High School: Satellite

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2025
Closed on
Aug 22, 2025
Sold by
Mazhar Saif and Mazhar Amanda T
Bought by
Hoskins Shane D and Hoskins Karaline
Seller's Agent
Dave Settgast
One Sotheby's International
List Price
$1,450,000
Sold Price
$1,450,000
Views
22
Current Estimated Value
$1,422,452

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$27,548
Avg. Annual Appreciation
-4.27%
Original Mortgage
$1,160,000
Outstanding Balance
$1,158,730
Interest Rate
5.5%
Mortgage Type
New Conventional
Estimated Equity
$263,722

Purchase Details

Listed on
Jun 26, 2023
Closed on
Aug 21, 2023
Sold by
Watkins Robbie Calhoun
Bought by
Mazhar Saif and Mazhar Amanda T
Seller's Agent
Laura Forman
RE/MAX Aerospace Realty
Buyer's Agent
Guy Newman
EXP Realty, LLC
List Price
$1,050,000
Sold Price
$950,000
Premium/Discount to List
-$100,000
-9.52%
Views
128

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.41%
Original Mortgage
$760,000
Interest Rate
6.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 22, 2004
Sold by
Picardi John A and Picardi Elizabeth R
Bought by
Watkins John W and Watkins Robbie C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,450,000 State Title Partners
Warranty Deed $950,000 Supreme Title Closings
Warranty Deed $669,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,160,000 New Conventional
Previous Owner $760,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/22/2025 08/22/25 Sold $1,450,000 0.0% $448 / Sq Ft
07/13/2025 07/13/25 Pending -- -- --
07/11/2025 07/11/25 For Sale $1,450,000 +52.6% $448 / Sq Ft
08/21/2023 08/21/23 Sold $950,000 -9.5% $298 / Sq Ft View Prior Sale
07/10/2023 07/10/23 Pending -- -- --
06/26/2023 06/26/23 For Sale $1,050,000 0.0% $329 / Sq Ft
06/17/2023 06/17/23 Pending -- -- --
06/12/2023 06/12/23 Price Changed $1,050,000 -8.7% $329 / Sq Ft
05/10/2023 05/10/23 Price Changed $1,150,000 -5.7% $360 / Sq Ft
04/23/2023 04/23/23 For Sale $1,220,000 -- $382 / Sq Ft
Source: Space Coast MLS (Space Coast Association of REALTORS®)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $11,052 $932,370 -- --
2024 $6,272 $906,100 -- --
2023 $6,272 $490,170 $0 $0
2022 $5,862 $475,900 $0 $0
2021 $6,157 $462,040 $0 $0
2020 $6,114 $455,670 $0 $0
2019 $6,094 $445,430 $0 $0
2018 $6,129 $437,130 $0 $0
2017 $6,226 $428,140 $0 $0
2016 $6,366 $419,340 $240,000 $179,340
2015 $6,586 $416,430 $240,000 $176,430
2014 $6,645 $413,130 $240,000 $173,130
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Space Coast MLS (Space Coast Association of REALTORS®)

MLS Number: 1051475

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 26-37-27-NF-00002.0-0002.00