Active permit! Start building today! Situated on an expansive 37,010-square-foot lot, this premier property boasts over 200' of waterfront with breathtaking panoramic open water views. Located on Shark Key, this prime buildable lot features an active and transferable permit, allowing immediate construction on your dream waterfront home. Plans, which can be changed, are for a 4 Bedroom plus Den, 3.5 Bath 4,100 Sq. Ft. home built to a 180 mph wind load with soaring vaulted ceilings and a Great Room with a wall of glass overlooking the water. Essential features include impact windows and doors, a planned residential elevator and an expansive sundeck designed for seamless indoor-outdoor entertaining. Full plans, survey, engineering reports and available permit documentation are available upon request. Just minutes to Key West where you can enjoy iconic sunsets, dining, and entertainment. Located in an exclusive, gated island community where residents enjoy top-tier neighborhood amenities including a private clubhouse, swimming lagoon, sandy beach, and tennis courts.
Under contract
$1,700,000
45 Cannon Royal Dr, Key West, FL 33040
--beds
0baths
0.85Acres
Unimproved Land
Built in ----
0.85 Acres Lot
$-- Zestimate®
$--/sqft
$591/mo HOA
What's special
- 10 days
- 73
- 1
Zillow last checked:
Listing updated:
Listed by:
Lisa H Ferringo 305-797-1221,
Coldwell Banker Schmitt Real Estate Co
Source: FLKMLS,MLS#: 621064
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Property
Features
- On waterfront: Yes
Lot
- Size: 0.85 Acres
- Features: Waterfront, Cleared
Details
- Parcel number: 00159252005200
- Zoning: IS - Improved Subivision District
Community & HOA
Community
- Features: Clubhouse, Fire Hydrant, Beach
- Security: Security Gate
- Subdivision: Shark Key (11.0)
HOA
- Has HOA: Yes
- HOA fee: $1,773 quarterly
Location
- Region: Key West
Financial & listing details
- Tax assessed value: $971,142
- Annual tax amount: $7,832
- Date on market: 8/22/2026
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/26/2026 | Contingent | $1,700,000 |
Source:  FLKMLS #621064 Report a problem | ||
| 8/24/2026 | Listed for sale | $1,700,000+41.7% |
Source: FLKMLS #621064 Report a problem | ||
| 6/12/2025 | Sold | $1,200,000+37.1% |
Source: FLKMLS #615416 Report a problem | ||
| 11/1/2019 | Sold | $875,000+12.9% |
Source: Public Record Report a problem | ||
| 2/15/2007 | Sold | $775,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,833 +14.9% | $872,831 +10% |
| 2024 | $6,814 +11.6% | $793,483 +10% |
| 2023 | $6,103 -13% | $721,348 -12.5% |
| 2022 | $7,014 +94.4% | $824,296 +108.9% |
| 2021 | $3,608 +9.1% | $394,647 +10% |
| 2020 | $3,307 | $358,770 -7.7% |
| 2019 | $3,307 +14.2% | $388,624 -6.3% |
| 2018 | $2,896 -0.5% | $414,823 +63.8% |
| 2017 | $2,909 +31.5% | $253,261 +0.3% |
| 2016 | $2,211 +2.8% | $252,606 -18.3% |
| 2015 | $2,151 | $309,225 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 33040
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