Skip main navigation
Pending
  • $9,999,000

    87 Cannon Royal Dr, Shark Key, FL 33040

    5beds
    4,622sqft
    : 
    Loading
    Get pre-qualified
    Single Family Residence
    Built in 1996
    1.56 Acres Lot
    $-- Zestimate®
    $2,163/sqft
    $591/mo HOA

    What's special

    Resort-style poolTennis courtRich mahogany woodworkLush groundsBreathtaking open water viewsUnforgettable sunset skiesMultiple tiki huts
    Introducing an extraordinary and completely custom Polynesian-inspired estate designed by the owner with finishes imported from all over the world. Perfectly positioned on the most premier lot within the exclusive gated enclave of Shark Key, offering an exceptional blend of privacy and waterfront luxury. Set on a sprawling 1.56-acre lot with an impressive 850 feet of water frontage, this custom residence spans approximately 4,622 sq. ft. and captures breathtaking open water views and unforgettable sunset skies. A long private driveway sets a dramatic tone on arrival, winding through lush grounds and passing the tennis court before revealing the home in complete privacy and anticipation. Inside, a grand entry leads into the Chef's Kitchen and Great Room boasting 180 degree water views. Soaring cathedral ceilings, rich mahogany woodwork, and exposed beams create a warm yet striking architectural statement. Walls of glass doors frame open water views and open seamlessly to the expansive wraparound deck, perfect for entertaining or enjoying iconic Keys sunsets. The thoughtfully designed layout separates the North and South wings, connected by a striking mahogany-wrapped hallway that enhances flow and elegance. The main wing is home to all Living Areas and the Primary Suite featuring soaring ceilings, his & her dressing areas and bath featuring imported tile and water views. The South wing offers exceptional flexibility with a second living area and 4 Bedrooms creating a private retreat for family and visitors. A winding staircase leads to a second-floor guest suite with elevated open water views and serene privacy. Intricate coastal tilework throughout and the custom emerald tile roof reinforces the island aesthetic, while impact windows provide durability and peace of mind. Outdoor living is truly exceptional, featuring a wraparound deck, resort-style pool, multiple tiki huts, and a waterfront lounging area ideal for entertaining or relaxing.
    60 days
    |
    534
    |
    17
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Lisa H Ferringo 305-797-1221,

    Coldwell Banker Schmitt Real Estate Co

    Source: FLKMLS,MLS#: 619975MLS LogoOriginating MLS: Key West Association

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 5
      • Full bathrooms: 4
      • 1/2 bathrooms: 1
      Cooling
      • Central Air, Ceiling Fans(s)
      Appliances
      • Included: Washer, Stainless Steel Appliance(s), Oven, Range, Refrigerator, Dishwasher, Dryer
      • Laundry: Laundry Room
      Features
      • Cathedral Ceiling(s), Built-in Cabinets, Bar, Whirlpool Bath Tub, Walk-In Closet(s), Storage, Elevator, Granite Counters, Entrance Foyer, Split Bedroom, Media Room, Loft
      • Flooring: Tile
      • Doors: French Doors, Impact Rstnce Doors, Glass Doors
      • Windows: Impact Rstnce Window
      • Furnished: Yes
      Interior area
      • Total interior livable area: 4,622 sqft

      Property

      Parking
      • Total spaces: 4
      • Parking features: Carport, Trailer Storage, Covered, RV Parking Open, Off Street, Open
      • Has carport: Yes
      • Has uncovered spaces: Yes
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Lanai, Open Porch/Balcony, Deck, Patio
      • Exterior features: Tennis Court(s), Storage, Lighting
      • Has private pool: Yes
      • Pool features: Concrete, Decked
      • Fencing: Privacy
      • Has view: Yes
      • View description: Bay/Gulf View, Water
      • Has water view: Yes
      • Water view: Bay/Gulf View,Water
      • Waterfront features: Gulf Front, Open Water, Waterfront, Dockage: None
      Lot
      • Size: 1.56 Acres
      • Features: 1 Less Than 2 Acres
      Details
      • Additional structures: Chickee Hut, Gazebo
      • Parcel number: 00159252003100
      • Zoning: SR
      • Zoning description: Sub Urban Residential District

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Combo Construction, Other
      • Roof: Tile
      Condition
      • Year built: 1996

      Utilities & green energy

      • Sewer: Municipal Sewer, Public Sewer
      • Utilities for property: FKAA, Cable Available, Buyer to Verify

      Community & HOA

      Community
      • Features: Clubhouse, Other, Beach, Fire Hydrant, Tennis Court(s)
      • Security: Electric Gate
      • Subdivision: Shark Key (11.0)
      HOA
      • Has HOA: Yes
      • Services included: Maintenance Grounds
      • HOA fee: $1,773 quarterly
      Location
      • Region: Shark Key

      Financial & listing details

      • Price per square foot: $2,163/sqft
      • Tax assessed value: $6,222,999
      • Annual tax amount: $54,356
      • Date on market: 5/20/2026
      • Listing terms: Cash

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        6/12/2026Pending sale$9,999,000$2,163/sqft
        Source: Key West AOR #619975 Report a problem
        6/11/2026Contingent$9,999,000$2,163/sqft
        Source: Key West AOR #619975 Report a problem
        5/20/2026Listed for sale$9,999,000+5613.7%$2,163/sqft
        Source: Key West AOR #619975 Report a problem
        7/1/1991Sold$175,000$38/sqft
        Source: Agent Provided Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$54,356 +310.7%$6,222,999 +302.2%
        2024$13,237 +3.3%$1,547,088 +3%
        2023$12,815 +2.8%$1,502,028 +3%
        2022$12,471 -3.7%$1,458,280 +3%
        2021$12,952 +0.4%$1,415,806 +1.4%
        2020$12,901 $1,396,259 +2.3%
        2019$12,901 +1.9%$1,364,868 +1.9%
        2018$12,663 -0.9%$1,339,420 +2.1%
        2017$12,779 +3%$1,311,871 +2.1%
        2016$12,412 -0.8%$1,284,889 +0.7%
        2015$12,517 $1,275,957
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 33040

        Getting around

        0 / 100
        Car-Dependent
        27 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts

        Similar homes