67
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$1,980,000
↓ $120K (5.7%)
●
House -
For Sale
650 Loggerhead Island Drive
Satellite Beach, FL 32937
4 Beds
4 Baths,
1
Half Bath
4,763 Ft²
$11,053
Est. Monthly
$380
HOA / Fees
About This Property
Experience luxury waterfront living in the prestigious gated
community of Tortoise Island in Satellite Beach, Florida. This
custom riverfront estate offers spectacular panoramic Banana River
views, 4 bedrooms plus a spacious office, a bonus room, 4.5 baths.
This home comes fully suited with a wet bar, wine cellar,
custom-designed pool, Bose sound system, a built-in TEC stainless
steel gas grill on the patio, full-length upstairs balcony, and 2
large garages for 3 cars. Extensively updated for Four-Point and
wind mitigation inspections, including hurricane-rated garage
doors. Enjoy a River Deck on The Banana Rv!! Community features
24-hour guarded gate with roving security patrols. A spacious
clubhouse, large party area, game room, multiple pickleball and
tennis courts are a short walk away from this dream home! Just 5
minutes to the beach and 15 minutes from I-95. HVAC - 2025,
upstairs unit 2016. Water heater 2022. Roof 27 years old. Balcony
2025 - $60,000. Attic access in garage for additional storage.
Water and electric to deck.
Unit Size
4,763 Ft²
Days on Market
60 days
Land Size
0.35 acres
Price per sqft
$416
Property Type
House
Property Taxes
$951
HOA Dues
$380
Year Built
1999
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 20 hours ago (Space Coast MLS #1070139)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 30, 2026 | Price Decreased |
$1,980,000
↓ $120K
(5.7%) | |
| Price Decreased | |||
| Aug 7, 2026 | Price Decreased |
$2,100,000
↓ $150K
(6.7%) | |
| Price Decreased | |||
| Jun 25, 2026 | Price Decreased |
$2,250,000
↓ $100K
(4.3%) | |
| Price Decreased | |||
| Mar 25, 2026 | Price Decreased |
$2,350,000
↓ $125K
(5.1%) | |
| Price Decreased | |||
| Feb 24, 2026 | Listed by Denovo Realty | $2,475,000 | |
| Listed by Denovo Realty | |||
Show More
Property Highlights
Garage
Air Conditioning
With View
Fireplace
Parking Details
Has Garage
Attached Garage
Parking Features: Additional Parking, Attached, Garage, Garage Door Opener
Garage Spaces: 3
Interior Details
Half Bathrooms: 1
Full Bathrooms: 4
Interior Features: Breakfast Bar, Built-in Features, Ceiling Fan(s), Eat-in Kitchen, Entrance Foyer, His and Hers Closets, Kitchen Island, Open Floorplan, Vaulted Ceiling(s), Walk-In Closet(s), Wet Bar, Guest Suite, Primary Bathroom -Tub with Separate Shower, Wine Cellar
Appliances: Dishwasher, Disposal, Dryer, Gas Range, Microwave, Refrigerator, Trash Compactor, Washer
Flooring Type: Carpet, Marble, Tile
Laundry Features: In Unit, Sink, Upper Level
Rooms: 16
Has Fireplace
Fireplaces: 1
Exterior Details
Square Footage: 4763
Square Footage Source: $0
Security Features: 24 Hour Security, Gated with Guard, Security Gate
Architectural Style: Traditional
Year Built: 1999
Waterfront Features: River Access, River Front
Waterbody Name: Banana River
Building Area Total: 7501
Levels: Two
Construction Materials: Block, Concrete, Frame, Stucco
Patio and Porch Features: Porch
Pool Features: In Ground
Pool is Private
Lot Features: Sprinklers In Front, Sprinklers In Rear, Dead End Street
Lot Size Area: 0.35
Lot Size Units: Acres
Lot Size Acres: 0.35
Lot Size Square Feet: 15246
Water Source: Public
Financial Details
Tax Annual Amount: $11,406
Utilities Details
Cooling Type: Central Air
Heating Type: Central, Electric
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Security
HOA/Condo/Coop Amenities: Basketball Court, Clubhouse, Fitness Center, Gated, Maintenance Grounds, Management, Park, Playground, Pool, Security, Tennis Court(s), Boat Launch, Pickleball
HOA Fee: $380
HOA Fee Frequency: Monthly
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
Beds
Baths
ft²
Price/ft²
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HOA + Taxes
About Tortiose Island
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Listed by: Nick F Farinella, Denovo Realty
Last Updated: 20 hours ago
Data Source: Space Coast MLS, MLS# 1070139
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Last Updated: 20 hours ago
Data Source: Space Coast MLS, MLS# 1070139
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