18
Map
244 Lanternback Island Drive
About This Property
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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%.
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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 |
|---|---|---|---|
| Jun 27, 2025 | Sold | ||
| Sold | |||
| May 22, 2025 | In contract | - | |
| In contract | |||
| May 12, 2025 | Listed by RE/MAX Elite | $1,425,000 | |
| Listed by RE/MAX Elite | |||
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Welcome to your dream home on the Grand Canal! This stunning one-story concrete block residence is nestled in the exclusive, guard-gated community of Tortoise Island—one of the Space Coast's premier waterfront neighborhoods.
Enjoy the best of Florida living with a triple-split floorplan that offers privacy and comfort, while the spacious living areas are perfect for entertaining family and friends. Step outside to your private lanai and pool, where tranquil water views set the stage for unforgettable gatherings.
A raised walkway leads from the lanai to your own dock with room for two boats, providing direct deep water access—ideal for boating enthusiasts.
Don't miss this rare opportunity to own a slice of paradise in one of the most sought-after waterfront communities on the Space Coast!
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| Feb 13, 2015 | Sold | ||
| Sold | |||
| Feb 4, 2014 | Listed by Coldwell Banker Realty | $739,900 | |
| Listed by Coldwell Banker Realty | |||
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About Tortiose Island
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017