$950,000
SOLD AUG 21, 2023

489 Lanternback Island Dr Satellite Beach, FL 32937

5 Beds
3.5 Baths
3,192 Sq Ft
0.32 Acres

Recently Sold

$298 Per Sq Ft

10% Below List Price

77 Days on Market

Highlights

  • Boat Dock
  • Home fronts navigable water
  • Gated with Attendant
  • Satellite Senior High School Rated A-
  • Fitness Center
  • In Ground Pool

About This Home

As of August 2023

Spacious waterfront pool home in the highly sought-after Tortoise Island gated community. As you step through the front door, the view immediately captivates you. The expansive great room has high ceilings, crown molding, and an inviting open plan, perfect for entertaining. Multiple sets of glass doors open to the screened-in pool area and private dock on a navigable canal for seamless indoor/outdoor living. 2 primary bedrooms – one on the 1st floor, and a 2nd floor en-suite with a new deck overlooking the water. Home offers flexible living options - the ultimate in privacy and comfort for everyone. Roof 2018, 2 A/Cs 2016, central vac, and newer appliances. Fantastic location with so much potential to transform your dream into reality, and start living the Florida lifestyle! Call Today!

Last Agent to Sell the Property

Laura Forman

RE/MAX Aerospace Realty License #3236966 Listed on: 06/26/2023

RE/MAX Aerospace Realty

Last Buyer's Agent

Guy Newman

EXP Realty, LLC License #3475279

EXP Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,862

Year Built

  • Built in 1988

Lot Details

  • 0.32 Acre Lot
  • Home fronts navigable water
  • Home fronts a canal
  • West Facing Home
  • Front and Back Yard Sprinklers

HOA Fees

  • $318 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Property Views

  • Canal
  • Pool

Home Design

  • Frame Construction
  • Shingle Roof
  • Wood Siding
  • Asphalt
  • Stucco

Interior Spaces

  • 3,192 Sq Ft Home
  • 2-Story Property
  • Central Vacuum
  • Built-In Features
  • Ceiling Fan
  • Wood Burning Fireplace
  • Great Room
  • Family Room
  • Screened Porch
  • Security Gate

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Electric Range
  • <<microwave>>
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Bathtub and Shower Combination in Primary Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • Sink Near Laundry

Pool

  • In Ground Pool
  • Screen Enclosure

Outdoor Features

  • Balcony
  • Patio

Schools

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

Utilities

  • Central Heating and Cooling System
  • Well
  • Electric Water Heater
  • 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
  • Officetortoiseislandhoa.Com Association, Phone Number (321) 773-7573
  • Tortoise Island Ph 3 Unit 2 Pud Subdivision
  • Maintained Community

Recreation

  • Boat Dock
  • Tennis Courts
  • Community Playground
  • Fitness Center
  • Community Pool

Additional Features

  • Clubhouse
  • Gated with Attendant

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,862

Year Built

Built in 1988

Lot Details

0

HOA Fees

$318 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Year Built: 1988
  • Reso Property Sub Type: Single Family Residence
  • ResoLaundryFeatures: Sink
  • ResoLotFeatures: Sprinklers In Front, Sprinklers In Rear
  • Road Surface Type: Asphalt
  • Reso View: Canal, Pool, Water
  • ResoSecurityFeatures: Gated with Guard, Security Gate
  • Reso Association Amenities: Boat Dock, Clubhouse, Fitness Center, Maintenance Grounds, Management - Full Time, Playground, Pool, Tennis Court(s), Management - On Site
  • Reso Association Fee Includes: Security
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Tortoise Island Ph 3 Unit 2 PUD
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • 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: 5861.63
  • Location Tax and Legal Tax Year2: 2022
  • General Property Information Living Area2: 3192.0
  • General Property Information Building Area Total3: 3812.0
  • 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
  • Interior Features Primary Bathroom - Tub with Shower: Yes
  • Appliances Dryer: Yes
  • Washers: 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 Cable Available: Yes
  • View Pool: Yes
  • Flooring Carpet: Yes
  • Laundry Features Sink: Yes
  • Levels Two: Yes
  • Water Source Well: Yes
  • Water Source Public: Yes
  • General Property Information Carport YN2: No
  • Pets Allowed Call: Yes
  • View Water3: Yes
  • Room Types Great Room: Yes
  • Pool Features Screen Enclosure: Yes
  • Room Types Family Room: Yes
  • Room Types Laundry: Yes
  • General Property Information Association Phone: 321-773-7573
  • Security Features Gated with Guard: Yes
  • ViewCanal: Yes
  • General Property Information:Pool Private YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Breakfast Bar, Built-in Features, Ceiling Fan(s), Central Vacuum, Eat-in Kitchen, Primary Bathroom - Tub with Shower, Primary Downstairs, Split Bedrooms, Walk-In Closet(s)
  • Flooring: Carpet, Tile
  • Appliances: Dishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Ice Maker, Microwave, Refrigerator, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Wood Burning, Other
  • ResoLivingAreaSource: Other
  • General Property Information Bathrooms Half: 1
  • Appliances Dishwasher: Yes
  • Appliances:Electric Water Heater: Yes
  • Interior Features:Primary Downstairs: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Appliances:Ice Maker: Yes
  • Interior Features:Breakfast Bar: Yes
  • Interior Features:Built-in Features: Yes
  • Interior Features:Ceiling Fan(s): Yes
  • Interior Features:Split Bedrooms: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Fireplace Features:Wood Burning: Yes
  • Interior Features:Central Vacuum: Yes

Exterior Features

  • Exterior Features: Balcony
  • Pool Features: In Ground, Screen Enclosure, Other
  • Roof: Shingle
  • Acres: 0.32
  • Pool Private: Yes
  • Waterfront Features: Canal Front, Navigable Water
  • Waterfront: Yes
  • Construction Type: Frame, Stucco, Wood Siding
  • Direction Faces: West
  • Patio And Porch Features: Patio, Porch, Screened
  • Construction Materials:Stucco: Yes
  • Patio And Porch Features:Patio: Yes
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Screened: Yes
  • Construction Materials:Frame: Yes
  • Construction Materials:Wood Siding: Yes
  • Exterior Features:Balcony: Yes
  • Lot Features:Sprinklers in Front: Yes
  • Lot Features:Sprinklers In Rear: Yes
  • Waterfront Features:Canal Front: Yes
  • Waterfront Features:Navigable Water: Yes

Garage/Parking

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

Utilities

  • Cooling: Central Air, Electric
  • Utilities: Cable Available
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public, Well
  • Heating:Central: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 318.0
  • Association Fee Frequency: Monthly
  • Association Name: officetortoiseislandhoa.com
  • Phone: 321-773-7573
  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes
  • General Property Information:Association Name: officetortoiseislandhoa.com
  • General Property Information:Association Fee: 318.0
  • General Property Information:Association Fee Frequency: Monthly
  • Association Fee Includes:Security: Yes
  • Association Amenities:Clubhouse: Yes
  • Association Amenities:Fitness Center: Yes
  • Association Amenities:Boat Dock: Yes
  • Association Amenities:Tennis Court(s)2: Yes
  • Association Amenities:Playground: Yes
  • Association Amenities:Pool3: Yes

Schools

  • Middle Or Junior School: DeLaura

Lot Info

  • Lot Size Sq Ft: 13939.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2609022
  • Parcel #: 26-37-27-Nf-00002.0-0002.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 5861.63

MLS Schools

  • Elementary School: Sea Park
  • High School: Satellite

Ownership History

Date Name Owned For Owner Type

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
10.71%
Original Mortgage
$760,000
Outstanding Balance
$747,426
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$406,298

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

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

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

Mortgage History

Date Status Loan Amount Loan Type
Open $760,000 New Conventional
Previous Owner $150,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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 Compared to Growth

Source: Public Records

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
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: 962241

Space Coast MLS (Space Coast Association of REALTORS®)

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