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Sold for $5,000,000
  • $5,000,000

    69 Cannon Royal Dr, Key West, FL 33040

    4beds
    5,300sqft
    Single Family Residence
    Built in 2004
    0.48 Acres Lot
    $5,019,000 Zestimate®
    $943/sqft
    $8,520 Estimated rent

    Home value

    $5,019,000

    $4.37M - $5.72M

    $8,520/mo

    Zestimate® history
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    What's special

    Welcome to one of Shark Key's landmark estates—a custom-built, beautiful Mediterranean-inspired home. This exclusive property offers timeless architecture, open water views, and an unparalleled island lifestyle. Nestled on the northern end of Shark Key and set back from the road for privacy, this 5,300-square-foot estate sits on a 21,075-square-foot lot with breathtaking open water views. Designed for comfort and entertaining, the home features 4 bedrooms, 4.5 bathrooms, a private office, a home theater, an elevator, a full bar, and expansive balconies and elegant terraces that invite you to take in stunning sunrises and peaceful water views. Each of the bedrooms has an ensuite bathroom and private balcony, while the primary suite boasts incredible water views. The outdoor living spaces are equally impressive, featuring a pool, hot tub and ample room for entertaining and lounging. There's also space to add an observation dock for a flats boat. Enjoy the exclusive amenities of Shark Key, including pickleball, tennis courts and a private sandy beach. Located just minutes from Key West, yet offering a private retreat, this estate is truly one of a kind. This lovingly maintained home presents an exciting opportunity to update and make it your own while preserving its classic Mediterranean charm. Don't miss this rare offering—schedule your private showing today!

    Zillow last checked:

    Listing updated:

    Listed by:

    Jenna Stauffer 260-433-2319,

    Ocean Sotheby's International Realty

    Bought with:

    Coldwell Banker Schmitt Lower Keys (KW)

    Source: FLKMLS,MLS#: 613814MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 5
    • Full bathrooms: 4
    • 1/2 bathrooms: 1
    Appliances
    • Included: More Appliances, Washer, Dryer, Dishwasher, Refrigerator, Oven, Microwave, Freezer
    Interior area
    • Total structure area: 5,300
    • Total interior livable area: 5,300 sqft

    Property

    Parking
    • Parking features: Garage
    • Has garage: Yes
    Features
    • Has private pool: Yes
    • Pool features: In Ground
    • Has spa: Yes
    • Spa features: Heated
    • On waterfront: Yes
    Lot
    • Size: 0.48 Acres
    Details
    • Parcel number: 00159252004000
    • Zoning: SRL - Sub Urban Residential District Limited

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • CBS, Concrete
    Condition
    • Year built: 2004

    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: $1,523 quarterly
    Location
    • Region: Key West

    Financial & listing details

    • Price per square foot: $943/sqft
    • Tax assessed value: $4,449,853
    • Annual tax amount: $17,351
    • Date on market: 2/21/2025

    Price history

    DateEventPrice
    7/14/2025Sold$5,000,000-12.3%$943/sqft
    Source: FLKMLS #613814 Report a problem
    6/16/2025Pending sale$5,700,000$1,075/sqft
    Source: FLKMLS #613814 Report a problem
    4/30/2025Contingent$5,700,000$1,075/sqft
    Source: FLKMLS #613814 Report a problem
    2/21/2025Listed for sale$5,700,000+1420%$1,075/sqft
    Source: Key West AOR #613814 Report a problem
    5/2/2001Sold$375,000$71/sqft
    Source: FLKMLS #413806 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$18,314 +5.5%$2,094,390 +2.9%
    2024$17,351 +3.1%$2,035,365 +3%
    2023$16,826 +2.7%$1,976,083 +3%
    2022$16,377 -3.8%$1,918,528 +3%
    2021$17,028 +0.4%$1,862,649 +1.4%
    2020$16,963 $1,836,932 +2.3%
    2019$16,963 +1.9%$1,795,633 +1.9%
    2018$16,653 -0.9%$1,762,153 +2.1%
    2017$16,812 +3%$1,725,909 +2.1%
    2016$16,330 -0.9%$1,690,411 +0.7%
    2015$16,473 $1,678,660
    Find assessor info on the county website

    Neighborhood: 33040

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $5,019,000
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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
    $5,019,000