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Sold for $5,400,000
  • $5,400,000

    34 Cannon Royal Dr, Key West, FL 33040

    4beds
    5,373sqft
    Single Family Residence
    Built in 1999
    0.78 Acres Lot
    $5,477,600 Zestimate®
    $1,005/sqft
    $7,584 Estimated rent

    Home value

    $5,477,600

    $4.98M - $6.03M

    $7,584/mo

    Zestimate® history
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    What's special

    Introducing an unparalleled masterpiece: a 5,400 square foot open water estate in the prestigious Shark Key neighborhood, just minutes from Key West. No home in Shark Key rivals the waterfront sunset views offered by this unique property. Perched on a prime peninsula, this home commands attention with its regal presence and breathtaking views of the surrounding glistening waters. You are greeted by grand gates opening up to a tropical paradise adorned with lush landscaping and a custom water feature. As you step inside, you are welcomed by a spacious Great Room, flooded with natural light through floor-to-ceiling windows, offering stunning water views and unparalleled panoramic sunsets from every room in the house. The three guest bedrooms, each with private balconies, allow for further enjoyment of these magnificent sunsets. The master suite, accessible via a private elevator, features an office and a private veranda with stunning vistas of the Gulf of Mexico. With over 13,000 square feet under roof, this estate provides ample space, including a large storage enclosure and a two-car garage, both accessible by elevator. The expansive 34,140 square foot point lot, one of the largest in Shark Key, includes an orchid house, adding a touch of natural beauty. Additional amenities include a covered waterfront lanai with a grilling area, perfect for entertaining, a chef's kitchen equipped with top-of-the-line appliances for culinary enthusiasts, a whole-house generator ensuring uninterrupted comfort, and a cistern for efficient irrigation. If you're seeking the quintessential Keys lifestyle, this is it. Shark Key amenities include tennis courts, pickleball courts, swimming lagoon, clubhouse and private beach. Experience luxury living in paradise.

    Zillow last checked:

    Listing updated:

    Listed by:

    Jenna Stauffer 260-433-2319,

    Ocean Sotheby's International Realty

    Bought with:

    Jenna Stauffer, 3394848

    Ocean Sotheby's International Realty

    Kim Bagnell Thaler, 679315

    Ocean Sotheby's International Realty

    Source: FLKMLS,MLS#: 610060MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    Appliances
    • Included: Dryer, Dishwasher, Refrigerator, Range, Oven, Microwave, Disposal, Gas Appliances, Stainless Steel Appliance(s)
    Interior area
    • Total structure area: 5,373
    • Total interior livable area: 5,373 sqft

    Property

    Features
    • On waterfront: Yes
    Lot
    • Size: 0.78 Acres
    Details
    • Parcel number: 00159252001200
    • Zoning: IS - Improved Subivision District
    • Other equipment: Generator

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • CBS, Concrete, Stucco
    Condition
    • Year built: 1999

    Community & HOA

    Community
    • Features: Clubhouse, Beach, Other
    • Subdivision: Shark Key (11.0)
    HOA
    • Has HOA: Yes
    • Services included: Common Area Mnt, Security, Other
    • HOA fee: $1,360 quarterly
    Location
    • Region: Key West

    Financial & listing details

    • Price per square foot: $1,005/sqft
    • Tax assessed value: $4,548,399
    • Annual tax amount: $16,147
    • Date on market: 5/20/2024

    Price history

    DateEventPrice
    8/15/2024Sold$5,400,000-6.9%$1,005/sqft
    Source: FLKMLS #610060 Report a problem
    7/9/2024Contingent$5,799,000$1,079/sqft
    Source: Key West AOR #610060 Report a problem
    7/1/2024Price change$5,799,000-5.7%$1,079/sqft
    Source: Key West AOR #610060 Report a problem
    5/20/2024Listed for sale$6,149,000+146%$1,144/sqft
    Source: Key West AOR #610060 Report a problem
    1/15/2020Sold$2,500,000-7.4%$465/sqft
    Source: FLKMLS #584347 Report a problem
    9/14/2019Price change$2,699,000-6.9%$502/sqft
    Source: Coldwell Banker Schmitt Real Estate Co. #584347 Report a problem
    2/17/2019Listed for sale$2,900,000+6%$540/sqft
    Source: Coldwell Banker Schmitt RE Co. Lower Keys Office #584347 Report a problem
    6/30/2017Sold$2,736,000-8.6%$509/sqft
    Source: Public Record Report a problem
    5/6/2017Pending sale$2,995,000$557/sqft
    Source: Berkshire Hathaway Knight & Gardner Realty (KW) #118992 Report a problem
    11/9/2015Listed for sale$2,995,000-16.8%$557/sqft
    Source: Berkshire Hathaway Knight & Gardner Realty #118992 Report a problem
    9/5/2014Listing removed$3,599,000$670/sqft
    Source: Prudential Knight & Gardner Realty #118992 Report a problem
    12/16/2013Listed for sale$3,599,000-9.9%$670/sqft
    Source: Prudential Knight & Gardner Realty #118992 Report a problem
    8/17/2013Listing removed$3,995,000$744/sqft
    Source: Prudential Knight & Gardner Realty Report a problem
    5/10/2012Listed for sale$3,995,000$744/sqft
    Source: Lands End Real Estate LLC #113184 Report a problem
    10/27/2011Listing removed$3,995,000$744/sqft
    Source: LANDS END REAL ESTATE, LLC #113184 Report a problem
    5/25/2011Listed for sale$3,995,000$744/sqft
    Source: Lands End Realty of Key West, Inc. #113184 Report a problem
    11/28/2010Listing removed$3,995,000$744/sqft
    Source: Lands End Realty of Key West, Inc. #113184 Report a problem
    7/3/2010Listed for sale$3,995,000+1231.7%$744/sqft
    Source: Lands End Realty of Key West, Inc. #113184 Report a problem
    10/30/1995Sold$300,000$56/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$40,156 +141.2%$4,548,399 +137%
    2024$16,647 +3.1%$1,919,530 +3%
    2023$16,147 +2.7%$1,863,622 +3%
    2022$15,722 -3.7%$1,809,342 +3%
    2021$16,333 -19.1%$1,756,643 -17%
    2020$20,178 $2,115,267 -6.5%
    2019$20,178 -6.7%$2,261,550 -2.8%
    2018$21,619 -5.5%$2,327,423 +33.3%
    2017$22,870 +36.2%$1,745,401 +2.1%
    2016$16,786 -0.9%$1,709,502 +0.7%
    2015$16,931 $1,697,619
    Find assessor info on the county website

    Neighborhood: 33040

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $5,477,600
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    Estimated market value
    $5,477,600