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Sold for $4,700,000
  • $4,700,000

    47 Cannon Royal Dr, Key West, FL 33040

    5beds
    4,245sqft
    Single Family Residence
    Built in 1998
    0.47 Acres Lot
    $4,720,400 Zestimate®
    $1,107/sqft
    $7,320 Estimated rent

    Home value

    $4,720,400

    $4.30M - $5.19M

    $7,320/mo

    Zestimate® history
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    What's special

    Nestled within the prestigious gated community of Shark Key, this waterfront mansion epitomizes luxury living at its finest. Boasting panoramic vistas of the Gulf of Mexico, this opulent 5-bedroom, 5-bathroom estate spans an impressive 4500 square feet, situated majestically on nearly half an acre of meticulously landscaped land with 120 feet of pristine shoreline. Upon arrival, a grand elevator, accessed via breezeway from the 3-car garage, transports you to the main floor, where an open-concept living and dining area awaits. Cathedral ceilings and marble floors exude timeless elegance, while the gourmet chef's kitchen features top-of-the-line appliances and granite countertops, ideal for culinary enthusiasts and entertaining guests. Both indoor and outdoor dining areas offer ample space for hosting gatherings while soaking in the breathtaking open water views. Witness stunning sunrises and revel in the serenity of the surroundings. The private dock provides a unique opportunity to observe marine life, making it a paradise for birdwatchers and water enthusiasts alike. The heated swimming pool beckons for a refreshing dip year-round, surrounded by lush tropical landscaping, creating an oasis of tranquility. Thoughtfully designed, the master suite on the main floor boasts a fully accessible bathroom, ensuring comfort and convenience. For guests or additional recreational space, the detached guest quarters can serve as a private gym or entertainment room. Equipped with impact doors and windows, electronic roll-down shutters, and a full generator, this home prioritizes safety and security. Shark Key is renowned for its exclusive waterfront properties with exceptional amenities including a security gate, clubhouse, inland swimming lagoon with a sandy beach, tennis courts, pickleball, and bocce ball. Residents are treated to a lifestyle of luxury and leisure. Experience the allure of waterfront living at its finest with a tour of this extraordinary estate.

    Zillow last checked:

    Listing updated:

    Listed by:

    Ellen Gvili 305-304-2933,

    Ocean Sotheby's International Realty

    Bought with:

    Saltwater Real Estate Florida Keys, Inc

    Source: FLKMLS,MLS#: 609541MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 5
    • Full bathrooms: 4
    • 1/2 bathrooms: 1
    Heating
    • Has Heating (Unspecified Type)
    Cooling
    • Central Air
    Appliances
    • Included: Washer, Dryer, Dishwasher, Refrigerator, Range, Oven, Disposal, Freezer, Gas Appliances, Stainless Steel Appliance(s)
    • Laundry: Laundry Room
    Features
    • Built-in Features, Granite Counters, Elevator, Storage, Walk-in Closet(s)
    • Flooring: Wood, Marble
    Interior area
    • Total structure area: 4,245
    • Total interior livable area: 4,245 sqft

    Property

    Parking
    • Parking features: Open
    • Has garage: Yes
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: Accessible Elevator Installed, Parking
    Features
    • Patio & porch: Open Porch/Balcony, Patio
    • Exterior features: Sandy Beach
    • Has private pool: Yes
    • Pool features: In Ground, Concrete
    • On waterfront: Yes
    Lot
    • Size: 0.47 Acres
    Details
    • Additional structures: Guest House
    • Parcel number: 00159252005100
    • Zoning: IS - Improved Subivision District
    • Other equipment: Generator, Satellite Dish

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • CBS, Concrete
    Condition
    • Year built: 1998

    Community & HOA

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

    Financial & listing details

    • Price per square foot: $1,107/sqft
    • Tax assessed value: $3,893,190
    • Annual tax amount: $22,603
    • Date on market: 4/11/2024
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    7/12/2024Sold$4,700,000-5.1%$1,107/sqft
    Source: FLKMLS #609541 Report a problem
    7/7/2024Pending sale$4,950,000$1,166/sqft
    Source: FLKMLS #609541 Report a problem
    6/24/2024Contingent$4,950,000$1,166/sqft
    Source: FLKMLS #609541 Report a problem
    4/11/2024Listed for sale$4,950,000+147.5%$1,166/sqft
    Source: Key West AOR #609541 Report a problem
    8/15/2003Sold$2,000,000+1500%$471/sqft
    Source: FLKMLS #91504 Report a problem
    2/1/1996Sold$125,000$29/sqft
    Source: Public Record Report a problem
    5/4/1994Sold$125,000$29/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$34,222 +36.1%$3,893,190 +71%
    2024$25,146 +11.2%$2,276,525 +10%
    2023$22,603 +12.4%$2,069,568 +10%
    2022$20,118 +17.1%$1,881,425 +10%
    2021$17,184 +16.6%$1,710,386 +10%
    2020$14,740 $1,554,896 +9.3%
    2019$14,740 +9%$1,422,828 +7.5%
    2018$13,528 +3.9%$1,323,579 -6.6%
    2017$13,021 -0.9%$1,417,821 +19.1%
    2016$13,139 +9.6%$1,189,994 -9.9%
    2015$11,992 $1,321,052
    Find assessor info on the county website

    Neighborhood: 33040

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $4,720,400
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $4,720,400