56
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147 Lanternback Island Drive
About This Property
Single story and just under 2,900 square feet, the layout flows the way you actually use a home. The gathering spaces open toward the back of the property, light comes in from every side, and the kitchen was built for someone who genuinely cooks. The gas range is a rare find on the barrier island.
The back of the home is where you will spend your time. The pool is screened, heated and complete with a spa. The water past the deck is a private lake. Mornings out here are quiet just the lake, the birds, and a covered patio that works as well for coffee at seven in the morning as it does for dinner at seven at night. Inside, four bedrooms give you room to spread outThe primary suite sits away from the traffic of the house, and the remaining bedrooms adapt easily to guests, a home office, a studio, or whatever the season of life calls for.
Tortoise Island is the reason people come to this end of Satellite Beach and stay. A guard sits at the gate with a rover circulating around the clock. There are four pickleball courts and four tennis courts, a community pool, a playground, saunas, and a clubhouse with a gym and a playroom downstairs.
There is also a community boat ramp available to every resident.
If you have been waiting for the right home inside this gate, come walk it and see how the lake feels in person.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 25, 2026 | In contract | - | |
| In contract | |||
| Aug 12, 2026 | Listed by Avanti Way Realty LLC | $925,000 | |
| Listed by Avanti Way Realty LLC | |||
| Apr 20, 2022 | Sold | ||
| Sold | |||
| Sep 10, 2020 | Sold | ||
| Sold | |||
| Apr 2, 2020 | Listed by Avanti Way Realty LLC | $569,990 | |
| Listed by Avanti Way Realty LLC | |||
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About Tortiose Island
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017