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.
Under contract
$9,999,000
87 Cannon Royal Dr, Shark Key, FL 33040
5beds
4,622sqft
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
- 158 days
- 238
- 8
Zillow last checked:
Listing updated:
Listed by:
Lisa H Ferringo 305-797-1221,
Coldwell Banker Schmitt Real Estate Co
Source: FLKMLS,MLS#: 619975
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, Dryer, Dishwasher, Refrigerator, Range, Oven, Stainless Steel Appliance(s)
- Laundry: Laundry Room
Features
- Built-in Features, Granite Counters, Elevator, Storage, Walk-in Closet(s), Bar, Loft, Media Room
- Flooring: Tile
- Furnished: Yes
Interior area
- Total structure area: 4,622
- Total interior livable area: 4,622 sqft
Video & virtual tour
Property
Parking
- Parking features: Open, RV Access/Parking, Storage
- Has uncovered spaces: Yes
Features
- Patio & porch: Open Porch/Balcony, Deck, Patio, Lanai
- Exterior features: Chickee Hut, Lighting, Storage, Tennis Court(s)
- Has private pool: Yes
- Pool features: Concrete, Decked
- Fencing: Privacy
- On waterfront: Yes
Lot
- Size: 1.56 Acres
Details
- Additional structures: Gazebo
- Parcel number: 00159252003100
- Zoning: SR - Sub Urban Residential District
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Combo Construction, Other
Condition
- Year built: 1996
Utilities & green energy
- Utilities for property: Cable Available
Community & HOA
Community
- Features: Clubhouse, Fire Hydrant, Beach, Other
- Security: Security Gate
- Subdivision: Shark Key (11.0)
HOA
- Has HOA: Yes
- Services included: Common Area Mnt
- 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
| Date | Event | Price |
|---|---|---|
| 7/20/2026 | Contingent | $9,999,000$2,163/sqft |
Source: | ||
| 6/12/2026 | Pending sale | $9,999,000$2,163/sqft |
Source: | ||
| 6/11/2026 | Contingent | $9,999,000$2,163/sqft |
Source: | ||
| 5/20/2026 | Listed for sale | $9,999,000+5613.7%$2,163/sqft |
Source: | ||
| 7/1/1991 | Sold | $175,000$38/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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





