Save Type Island Usage Spanish Pronounced Pron. /lãn̟.θa.ˈɾo.t̪e/ [key·simplify] Meaning & History Derived from the first name of the Genoese navigator Lancillotto Malocello (born in 1270). Lanzarote is an island in the Canary Islands, a Spanish archipelago in the Atlantic Ocean, near the coast of northwestern Africa.