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Sold for $4,000,000
  • $4,000,000

    51 Cannon Royal Dr, Key West, FL 33040

    3beds
    4,045sqft
    Single Family Residence
    Built in 2011
    0.38 Acres Lot
    $4,021,600 Zestimate®
    $989/sqft
    $8,444 Estimated rent

    Home value

    $4,021,600

    $3.54M - $4.58M

    $8,444/mo

    Zestimate® history
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    What's special

    Private beachOutdoor terraceTropical lagoonSky-high ceilingsExpansive backyardOpen layoutWide-open water views
    Waterfront luxury meets timeless architecture in this stunning Shark Key residence, located within one of the most exclusive and private neighborhoods in the Florida Keys. This refined home showcases wide-open water views, elegant design, and a seamless connection to the natural beauty surrounding it. Step inside and be captivated by sky-high ceilings, walls of glass, and an open layout that frames the Gulf from nearly every angle. The primary suite is a serene retreat where sunrise greets you each morning, blending indoor comfort with endless water views. The living spaces flow effortlessly to the outdoor terrace, pool, and expansive backyard. It creates a true haven for entertaining or relaxing under the Keys sun. Enjoy paddleboarding, boating, or simply unwinding in your own private slice of paradise. Inside, every detail has been elevated, from the chef's kitchen with walk-in pantry to custom baths, three spacious bedrooms, three and a half baths, and generous storage throughout. Additional features include a whole home generator, upgraded security system, a custom movie theatre screen and covered parking beneath the home. Beyond the home, Shark Key offers a private, gated community lifestyle with tennis, pickleball, and basketball courts, a private beach, and a tropical lagoon. All just minutes from Key West, yet worlds away. This is waterfront living, redefined.

    Zillow last checked:

    Listing updated:

    Listed by:

    Jenna Stauffer 260-433-2319,

    Ocean Sotheby's International Realty

    Bought with:

    Margarita Villoch, 3216008

    Island Group Realty (KW)

    Source: FLKMLS,MLS#: 616920MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    Cooling
    • Central Air, Ceiling Fans(s)
    Appliances
    • Included: Washer, Dryer, Dishwasher, Refrigerator, Oven, Microwave, Wine Cooler
    Interior area
    • Total structure area: 4,045
    • Total interior livable area: 4,045 sqft

    Property

    Features
    • Exterior features: Lighting, Sandy Beach, Storage, Tennis Court(s)
    • Has private pool: Yes
    • Pool features: In Ground
    • On waterfront: Yes
    Lot
    • Size: 0.38 Acres
    Details
    • Parcel number: 00159252004900
    • Zoning: SR - Sub Urban Residential District
    • Other equipment: Irrigation Equipment

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Concrete
    Condition
    • Year built: 2011

    Community & HOA

    Community
    • Subdivision: Shark Key (11.0)
    HOA
    • Has HOA: Yes
    • Services included: Common Area Mnt, Security, Other
    • HOA fee: $1,523 quarterly
    Location
    • Region: Key West

    Financial & listing details

    • Price per square foot: $989/sqft
    • Tax assessed value: $3,518,570
    • Annual tax amount: $33,828
    • Date on market: 10/17/2025

    Price history

    DateEventPrice
    2/20/2026Sold$4,000,000-9%$989/sqft
    Source: FLKMLS #616920 Report a problem
    2/18/2026Pending sale$4,395,000$1,087/sqft
    Source: FLKMLS #616920 Report a problem
    1/22/2026Contingent$4,395,000$1,087/sqft
    Source: FLKMLS #616920 Report a problem
    10/17/2025Listed for sale$4,395,000+11.3%$1,087/sqft
    Source: Key West AOR #616920 Report a problem
    8/8/2022Sold$3,950,000-7%$977/sqft
    Source: FLKMLS #601146 Report a problem
    8/7/2022Pending sale$4,247,500$1,050/sqft
    Source: FLKMLS #601146 Report a problem
    7/20/2022Contingent$4,247,500$1,050/sqft
    Source: FLKMLS #601146 Report a problem
    5/25/2022Listed for sale$4,247,500+129.6%$1,050/sqft
    Source: Key West AOR #601146 Report a problem
    4/10/2016Sold$1,850,000-7.3%$457/sqft
    Source: Public Record Report a problem
    11/15/2015Price change$1,995,000-11.1%$493/sqft
    Source: Berkshire Hathaway Knight & Gardner Realty Report a problem
    9/24/2015Listed for sale$2,245,000$555/sqft
    Source: Berkshire Hathaway Knight & Gardner Realty Report a problem
    7/17/2015Listing removed$2,245,000$555/sqft
    Source: Berkshire Hathaway Knight & Gardner Realty #114213 Report a problem
    6/17/2015Price change$2,245,000-2.2%$555/sqft
    Source: Berkshire Hathaway Knight & Gardner Realty #114213 Report a problem
    10/1/2014Price change$2,295,000-8%$567/sqft
    Source: Prudential Knight & Gardner Realty #114213 Report a problem
    9/5/2014Price change$2,495,000-0.2%$617/sqft
    Source: Prudential Knight & Gardner Realty #114213 Report a problem
    12/5/2012Listed for sale$2,499,000$618/sqft
    Source: Lands End Realty of Key West, Inc. Report a problem
    7/19/2012Listing removed$2,499,000$618/sqft
    Source: Military For Sale by Owner #18712 Report a problem
    6/19/2012Listed for sale$2,499,000$618/sqft
    Source: Military For Sale by Owner #18712 Report a problem
    11/25/2011Listing removed$2,499,000$618/sqft
    Source: HotPads.com Report a problem
    6/2/2011Price change$2,499,000-7.4%$618/sqft
    Source: Lands End Realty of Key West, Inc. #114213 Report a problem
    5/21/2011Listed for sale$2,699,000+1126.8%$667/sqft
    Source: Lands End Realty of Key West, Inc. #114213 Report a problem
    4/4/2000Sold$220,000$54/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$30,894 -8.7%$3,518,570 -8.3%
    2024$33,828 +11.8%$3,838,544 +10%
    2023$30,255 +104.8%$3,489,585 +105.5%
    2022$14,775 -3.7%$1,697,731 +3%
    2021$15,344 +0.4%$1,648,283 +1.4%
    2020$15,286 $1,625,526 +2.3%
    2019$15,286 +1.8%$1,588,980 +1.9%
    2018$15,011 -0.9%$1,559,376 -4.9%
    2017$15,149 -4%$1,639,515 +36.7%
    2016$15,784 +27.8%$1,199,013 -9.4%
    2015$12,352 $1,322,805
    Find assessor info on the county website

    Neighborhood: 33040

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $4,021,600
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    Estimated market value
    $4,021,600