When was property at 388 Lanternback Island Drive built and last sold?

The property at 388 Lanternback Island Drive was built in and last sold on Oct 18, 2019 for $425,000.

How much is this home worth?

The estimated value of the home located at 388 Lanternback Island Drive is $0.

What are some comparable homes to 388 Lanternback Island Drive?

There are currently no comparable homes to 388 Lanternback Island Drive.

South Patrick Shores

32937

Tortiose

388 Lanternback Island Drive

Sold on Oct 18, 2019

Map

$425,000

● Land - Off Market

388 Lanternback Island Drive

Satellite Beach, FL 32937

Studio

0 Bath

$702,893

RealtyHop Estimate

46.47%

Since Nov 1, 2019

National-US

Primary Model

About This Property

Extremely rare opportunity to build your waterfront dream home on the Banana River in Satellite Beach! This .39 acre lot is located in the newest phase of Tortoise Island and features 103 ft of water frontage. Large allowable building footprint can accommodate a sizable 1 or 2-story home, pool and dock! Owner has already conducted the survey and soil boring test. Amenities in Tortoise Island include 24 hour guarded gate, large community pool, tennis courts, clubhouse, gym, boat ramp, playground, game room and more! Community fees are just $235/month! Fantastic location just a short bike ride to the beach. Quick access to the Pineda Causeway, US-1, I-95, Melbourne, Viera, and all that the Space Coast has to offer.

Unit Size

Days on Market

159 days

Land Size

0.39 acres

Price per sqft

Property Type

Land

Property Taxes

$378

HOA Dues

$235

Year Built

Payment Calculator

Cap Rate Calculator

Last updated: 2 months ago (Space Coast MLS #844833)

Price History

Date / Event	Date	Event
Oct 22, 2019	Sold	Premium
Sold
May 11, 2019	Listed by Florida Elite Real Estate	$479,900
Listed by Florida Elite Real Estate
Jul 31, 2017	Sold	Premium
Sold
Apr 21, 2016	Listed by Realty World Curri Properties	$425,000
Listed by Realty World Curri Properties

	Rare opportunity to build in Exclusive Tortoise Island. This river lot is only one of 2 river lots and of 4 total lots left. Tortoise Island is a desirable waterfront community with no newly built homes. Instead of remodeling a house and settling, build the home of your dreams. This large lot is .39 of an acre, has 100 ft of waterfront and is located on the newest phase of Tortoise Island. Amenities in Tortoise Island include: 24 hour guarded gate, large community pool, tennis courts, clubhouse, gym, boat ramp, playground and game room. Why build in Viera? Get the best of both worlds…..new home and a waterfront gated community close to the beach.

Property Highlights

Building Info

Overview

General

Bedroom Count: 0

Building Condition: 0
Building Quality: 0
Construction Type: 0
Building Style: 0
Exterior Walls Type: 0
Interior Walls Type: 0
Roof Shape Type: 0
Roof Cover Type: 0
Floor Cover: 0
Basement Type: 0
Basement Area: 0
Garage Type: 0
Parking Space Count: 0
Patio Type: 0
Porch Type: 0
Pool Type: 0
Location Influence Type: 75

Dimensions

Lot Size Square Feet: 16,988

Lot Size Depth Feet: 1,700
Lot Size Frontage Feet: 1,000
Total Building Area: 0
Building Area: 0

Heating and Cooling

Air Conditioning: 13

Heating: 24
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: TORTOISE ISLAND PH 4 P.U.D.
Land Acres: 0000000390
Standard Land Use Code: 1001
County Land Use Code: 0110
Legal Description 1: TORTOISE ISLAND PH 4 P.U.D. LOT 10 BLK 7

Neighborhood

School District Name: Brevard County School District

Census Tract: 066900

Zoning

Zoning: PUD

Geography

Assessors Map Reference: 248

Account Number: 2606869
Subdivision Phase Number: 4
Parcel: 26-37-22-80-00007.0-0010.00
Block: 7
Lot: 10
Meridian: SEC 22 TWN 26S RNG 37E
Municipality: UNINCORP DISTRICT 4
Latitude: 28.206
Longitude: -80.6159

Address

Full Address: 388 Lanternback Island Dr

Address - House Number: 388
Address - Street Name: Lanternback Island
Address - Suffix Type: Dr
State: FL
City Name: Satellite Beach
Carrier Code: C028
4-Digit Zip Code: 4707
Zip Code: 32937

Valuation

Tax

Tax Year: 2022

Tax Amount: $520,038
Tax Rate Code Area: 4100

Appraisal Valuation

Standard Deviation: 0.1731

Valuation Date: Jan 03, 2024
Confidence Score: 77
Final Value: 631,045
High Value: 740,321
Low Value: 521,769

Market Valuation

Market Total Value: $425,000

Assessments Valuation

Assessed Year: 2022

Assessed Total Value: $425,000

Sales

Current Sale Contract Date: Oct 18, 2019

Current Sale Recording Date: Oct 22, 2019
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 2019230952
Previous Sale Recording Date: Jul 31, 2017
Previous Sale Contract Date: Jul 20, 2017
Previous Sale Amount: $415,000
Previous Sale Document Type: 71

Previous Mortgages

Previous Mortgage Lender:

Premium

Previous Mortgage Transaction Date:

Premium
Previous Mortgage Financing Type:

Premium
Previous Mortgage Loan Amount:

Premium
Previous Mortgage Term:

Premium
Previous Mortgage Loan Type:

Premium
Previous Mortgage Loan Due Date:

Premium

Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Tortiose Island

Stats & Trends

Median Asking:

$1,399,000

Sale Price/ft²

$387

Below Asking

0.03%

Average Days on Market

Average Home Size

3892 ft²

Average Home Age

36.5 years

Currently For Sale

14 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

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1 Bath
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2 Beds
1 Bath
946 ft²

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$6,000 /mo

3 Beds
3 Baths
2,472 ft²

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Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Matt Canina, Florida Elite Real Estate
Last Updated: 2 months ago
Data Source: Space Coast MLS, MLS# 844833

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