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New construction
    • Price increase: $3.7M (7/2)
    $6,200,000

    36 Cannon Royal Dr, Key West, FL 33040

    5beds
    4,624sqft
    : 
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    Single Family Residence
    Built in ----
    0.33 Acres Lot
    $5,894,400 Zestimate®
    $1,341/sqft
    $508/mo HOA

    What's special

    Outdoor kitchenExtraordinary west-facing lotAmple storageFire pitOutdoor showerTwo car garage
    Don't miss this rare and exceptional opportunity to have your dream waterfront masterpiece begin construction in 2026! Located in the prestigious, gated community of Shark Key, 36 Cannon Royal is an extraordinary west-facing lot that spans nearly 14,500 square feet and boasts approximately 130 feet of waterfront, delivering breathtaking sunset views over the Gulf waters. The sale of this property includes the completed construction of a 4,624 square-foot single family residence in accordance with the approved architectural plans and all associated permits. This thoughtfully designed 5-bedroom, 4.5-bath home features an elevator, a high-end chef's kitchen, loft, outdoor shower, fire pit, outdoor kitchen, and multiple porches/balconies that set the tone for a seamless indoor-outdoor lifestyle. The expansive fifty foot resort-style pool with sun ledge completes the vision of perfectly tailored island life. Additional conveniences include a two car garage, ample storage, and large covered patio located on the ground level. 36 Cannon Royal is a fully realized, ready-to-build waterfront estate offering luxurious coastal living, impact-rated construction, and peace of mind without compromising comfort or design. Shark Key residents enjoy exclusive amenities including a clubhouse, private beach, swimming lagoon, and pickleball/tennis courts- just minutes away from the world-class dining, arts, and entertainment of iconic Key West. Current architectural plans of 36 Cannon Royal are pending review by Shark Key ARB.
    14 days
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    666
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    32
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    Zillow last checked:

    Listing updated:

    Listed by:

    Brenda J Donnelly 305-304-1116,

    Brenda Donnelly Real Estate LLC

    Source: FLKMLS,MLS#: 620499MLS LogoOriginating MLS: Key West Association

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 5
      • Full bathrooms: 4
      • 1/2 bathrooms: 1
      Cooling
      • Central Air
      Appliances
      • Included: Washer, Stainless Steel Appliance(s), Wine Cooler, Ice Machine, Gas Appliances, Freezer, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer, Tankless Water Heater
      • Laundry: Laundry Room
      Features
      • Pantry, Built-in Cabinets, Quartz Countertops, Walk-In Closet(s), Storage, Elevator, Entrance Foyer
      • Flooring: Tile, Wood
      • Doors: Impact Rstnce Doors
      • Windows: Impact Rstnce Window
      Interior area
      • Total interior livable area: 4,624 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: Garage, Covered
      • Has garage: Yes
      Features
      • Patio & porch: Open Porch/Balcony
      • Exterior features: Outdoor Kitchen, Storage, Outdoor Shower
      • Has private pool: Yes
      • Pool features: Heated, In Ground, Concrete, Salt Water
      • Has view: Yes
      • View description: Ocean, Water, Bay/Gulf View
      • Has water view: Yes
      • Water view: Ocean,Water,Bay/Gulf View
      • Waterfront features: Oceanfront, Open Water, Gulf Front, Bay Front, Waterfront, Dockage: None
      Lot
      • Size: 0.33 Acres
      • Features: 1/4 - 1/2 Acre
      Details
      • Parcel number: 00159252001300
      • Zoning: IS
      • Zoning description: Improved Subivision District
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • CBS, Combo Construction, Stucco, Concrete
      • Roof: Tile,Concrete
      Condition
      • New Construction
      • New construction: Yes

      Utilities & green energy

      • Electric: Generator
      • Sewer: Municipal Sewer, Public Sewer
      • Utilities for property: FKAA, Propane, Buyer to Verify

      Community & HOA

      Community
      • Features: Clubhouse, Beach, Fire Hydrant, Tennis Court(s)
      • Security: Smoke Detector(s), Gated with Guard
      • Subdivision: Shark Key (11.0)
      HOA
      • Has HOA: Yes
      • Services included: Maintenance Grounds, Security
      • HOA fee: $1,523 quarterly
      Location
      • Region: Key West

      Financial & listing details

      • Price per square foot: $1,341/sqft
      • Tax assessed value: $815,856
      • Annual tax amount: $4,040
      • Date on market: 7/2/2026
      • Listing terms: Cash,Conventional

        Estimated market value

        $5,894,400

        $5.60M - $6.19M

        $6,430/mo

        Price history

        DateEventPrice
        7/2/2026Price change$6,200,000+148%$1,341/sqft
        Source: FLKMLS #620499 Report a problem
        7/2/2026Price change$2,500,000-59.7%$541/sqft
        Source: Key West AOR #620498 Report a problem
        7/2/2026Price change$6,200,000+148%$1,341/sqft
        Source: Key West AOR #620499 Report a problem
        7/2/2026Listed for sale$2,500,000-59.7%$541/sqft
        Source: FLKMLS #620498 Report a problem
        6/30/2026Listing removed$6,200,000$1,341/sqft
        Source: Key West AOR #617894 Report a problem
        1/2/2026Price change$6,200,000+148%$1,341/sqft
        Source: Key West AOR #617894 Report a problem
        1/2/2026Listed for sale$2,500,000+502.4%$541/sqft
        Source: Key West AOR #617893 Report a problem
        9/20/2017Sold$415,000+42.3%$90/sqft
        Source: FLKMLS #576760 Report a problem
        12/28/2012Sold$291,700$63/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$6,234 +13%$672,491 +10%
        2024$5,517 +11.8%$611,355 +10%
        2023$4,935 -0.5%$555,777 +10%
        2022$4,960 +18.1%$505,252 +10%
        2021$4,200 +9.1%$459,320 +10%
        2020$3,849 $417,564 -25.7%
        2019$3,849 -8.3%$562,369 -6.3%
        2018$4,199 -0.4%$600,281 +63.8%
        2017$4,218 +31.5%$366,488 -0.1%
        2016$3,207 +2.7%$366,793 -18.3%
        2015$3,123 $449,005
        Find assessor info on the county website

        Monthly payment

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        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 33040

        Getting around

        0 / 100
        Car-Dependent
        16 / 100
        Minimal Transit
        35 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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