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Sold for $5,600,000
  • $5,600,000

    71 Cannon Royal Dr, Key West, FL 33040

    5beds
    3,982sqft
    Single Family Residence
    Built in 2015
    0.55 Acres Lot
    $5,672,400 Zestimate®
    $1,406/sqft
    $8,056 Estimated rent

    Home value

    $5,672,400

    $5.11M - $6.30M

    $8,056/mo

    Zestimate® history
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    What's special

    Private beachPrivate oasisMultiple lounging areasLarge pantryWall-to-wall windowsLavish bathroomOutdoor sitting bar
    Discover a world of refined luxury and tranquility at 71 Cannon Royal Drive, an architectural masterpiece in the exclusive community of Shark Key. This meticulously maintained, 4,000-square-foot, custom-built home features 5 bedrooms and 4.5 bathrooms, embodying sophistication and island living at its finest. Sold turnkey, this property offers an unparalleled, ready-to-enjoy lifestyle. Set against breathtaking open water views, this residence is designed to impress. From the grand exterior that lights up beautifully at night to the spacious interiors featuring soaring ceilings and wall-to-wall windows. The main floor invites you into an expansive great room with glass doors that open to a veranda, seamlessly blending indoor and outdoor living. This flows effortlessly into the dining area, chef's kitchen, and multiple entertaining spaces. Expansive retractable windows in the kitchen open to an inviting outdoor sitting bar and dining area, creating a perfect flow for effortless entertaining and al fresco dining. The upstairs level reveals a luxurious primary suite with cathedral ceilings, a lavish bathroom, and a private terrace overlooking the water. An elevator connects all levels, adding convenience to this sophisticated layout. Additional features include a whole-house generator, integrated sound system, large pantry, wet bar, 2 laundry rooms, 2+ car garage, coffee bar, and balconies throughout. Outdoors, the home is a private oasis crafted for unforgettable gatherings. Set on half an acre, the property boasts exquisite landscaping that enhances its natural beauty. The outdoor storage spaces provide both convenience and functionality. With multiple lounging areas, an outdoor living room, and a stunning 50-foot lap pool, you'll enjoy endless days and nights of entertainment and relaxation. Located just minutes from Key West, Shark Key has exclusive amenities that include a swimming lagoon, private beach, tennis and pickleball courts and a clubhouse.

    Zillow last checked:

    Listing updated:

    Listed by:

    Jenna Stauffer 260-433-2319,

    Ocean Sotheby's International Realty

    Bought with:

    Dan R Serban, 3313073

    Key West Luxury Real Estate Inc (KW)

    Source: FLKMLS,MLS#: 612093MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 5
    • Full bathrooms: 4
    • 1/2 bathrooms: 1
    Appliances
    • Included: More Appliances, Washer, Dryer, Dishwasher, Oven, Microwave, Ice Maker, Wine Cooler, Stainless Steel Appliance(s)
    Features
    • Furnished: Yes
    Interior area
    • Total structure area: 3,982
    • Total interior livable area: 3,982 sqft

    Property

    Parking
    • Parking features: Garage
    • Has garage: Yes
    Features
    • Has private pool: Yes
    • Pool features: In Ground, Salt Water, Lap, Decked
    • On waterfront: Yes
    Lot
    • Size: 0.55 Acres
    Details
    • Parcel number: 00159252003900
    • Zoning: SR - Sub Urban Residential District
    • Other equipment: Generator

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • CBS, Concrete, Stucco
    Condition
    • Year built: 2015

    Utilities & green energy

    • Utilities for property: Water Separate Meter

    Community & HOA

    Community
    • Subdivision: Shark Key (11.0)
    HOA
    • Has HOA: Yes
    • Services included: Common Area Mnt, Security, Other
    • HOA fee: $1,360 monthly
    Location
    • Region: Key West

    Financial & listing details

    • Price per square foot: $1,406/sqft
    • Tax assessed value: $4,542,202
    • Annual tax amount: $31,990
    • Date on market: 11/4/2024

    Price history

    DateEventPrice
    12/2/2024Sold$5,600,000-10.4%$1,406/sqft
    Source: FLKMLS #612093 Report a problem
    12/2/2024Pending sale$6,250,000$1,570/sqft
    Source: FLKMLS #612093 Report a problem
    11/7/2024Contingent$6,250,000$1,570/sqft
    Source: Key West AOR #612093 Report a problem
    11/4/2024Listed for sale$6,250,000+83.8%$1,570/sqft
    Source: FLKMLS #612093 Report a problem
    6/4/2020Sold$3,400,000-1.4%$854/sqft
    Source: FLKMLS #590587 Report a problem
    4/16/2020Listed for sale$3,450,000+422.7%$866/sqft
    Source: Berkshire Hathaway Knight & Gardner Realty #590587 Report a problem
    3/11/2011Sold$660,000-17%$166/sqft
    Source: Public Record Report a problem
    1/26/2005Sold$795,000$200/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$39,831 +12.3%$4,542,202 +22.3%
    2024$35,480 +10.9%$3,715,266 +10.7%
    2023$31,990 +10.9%$3,356,254 +10%
    2022$28,851 +12.2%$3,051,140 +10%
    2021$25,711 +3.2%$2,773,764 +5.1%
    2020$24,918 $2,638,611 +10%
    2019$24,918 +10.2%$2,398,737 +1.8%
    2018$22,618 -1.1%$2,355,727 -3.8%
    2017$22,868 +4%$2,449,930 +13.3%
    2016$21,986 +7.8%$2,162,224 +415.1%
    2015$20,403 $419,773
    Find assessor info on the county website

    Neighborhood: 33040

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $5,672,400
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $5,672,400