$4,995,000

$200K PRICE DROP

24 Cannon Royal Dr Key West, FL 33040

Estimated payment $28,728/month

Total Views 21,805

5 Beds

4 Baths

4,176 Sq Ft

$1,196 Price per Sq Ft

About This Home

Tucked behind swaying palms and lush tropical landscaping, this elegant and timeless waterfront estate captures the essence of Florida Keys living--from breathtaking sunset views to exceptional outdoor spaces. Whether you're lounging on your private beach or entertaining by the pool, every moment here is a reminder of why you chose island life.Inside, sun-drenched living areas showcase wide-open Gulf views and an abundance of natural light. The gourmet kitchen is thoughtfully designed with custom cabinetry, high-end appliances, and a spacious island--ideal for both everyday living and entertaining. Upstairs, the master suite features panoramic water views and a generous walk-in closet. Three additional bedrooms are located on the upper level, with a fifth bedroom and full bath on the main level offering added flexibility.Designed for seamless indoor-outdoor living, the home opens to a private deck, sparkling pool, and an observation dock--perfect for catching every sunset. Additional features include a copper patina roof, a 3-car covered carport, full generator, ample storage and a wave runner lift.Located in the prestigious, gated community of Shark Key, just minutes from Key West, this estate offers access to resort-style amenities including a clubhouse, inland swimming lagoon and beach, plus pickleball and tennis courts.24 Cannon Royal Drive is everything you love about the Keys--all wrapped into one exceptional waterfront property.

Listing Agent

Jenna Stauffer

Ocean Sotheby's International Realty License #3394848 Listed on: 04/08/2025

Map

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,670

Year Built

2007

Lot Details

Listing Details

Property Type: Residential
Style: Single Family
First Right of Refusal: No
Association Fee: 1523.00
Mandatory HOA: Yes
Control Depth: 2
Dockage Dock: Other
Fee Includes: Common Area Mnt, Other, Security
Key Island: Shark Key
Limited Representation: No
Marathon Neighborhood: N/A
Mile Marker: 11.00
Min Rental Days: 180.00
M L S Identifier: 20060123165453488875000000
Neighborhood Feature: Clubhouse, Other Area Features, Beach, Tennis Courts
Pets: Pets Allowed
Property Group I D: 19990816212109142258000000
Side: Bay/Gulf
State Province: FL
Taxes: 23535.00
Vehicle Storage: Carport, Guest Parking
Vehicle Storage Cars: 3
Year Built: 2007
Alternate Key Number: 8736665
Cooling Heating: Central Air, Ceiling Fans(s), Heat Pump
Lot Sq Ft: 16261.00
Pool Info: In Ground, Decked, Concrete, Salt Water
Porch Balcony: Open Porch/Balcony
Association Maintenance Fee Per: Quarterly
Tax Exemptions: None
Building Style Above Flood: Unknown
Estimated Living Sq Ft: 4176.00
Sewer Hook Up: Yes
Statistical Purposes Only: No
Special Features: None
Property Sub Type: Detached

Interior Features

Total Bathrooms: 4.00
Full Bathrooms: 4
Appliances: Washer, Stainless Steel Appliance(s), Wine Cooler, Disposal, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
Windows/Doors: Sash/Screen Window, Impact Rstnce Doors, Sliding Glass Doors
Total Bedrooms: 5

Exterior Features

Waterfront: Gulf Front, Open Water
Waterfront: Yes
Construction: CBS, Stucco, Concrete
Exterior Features: Fencing, Tennis Court(s), Storage, Sprinkler System, Sandy Beach, Lanai, Lighting
Roof: Other Roof
Waterview: Bay/Gulf View, Open Water View
Pool: Yes

Utilities

Utilities: FKAA, Cable Available, Propane, Municipal Sewer

Lot Info

Deed Restrictions: Unknown
Land Size: 1/4 - 1/2 Acre

Rental Info

Rentals Allowed: With Restrictions
Furnished: Furnished

Tax Info

Tax Year: 2024

Average Value

Not Available

List Price

Sold Price

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Tax History

Year	Tax Paid	Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property.	Land	Improvement
2024	$20,670	$3,529,604	$1,870,015	$1,659,589
2023	$20,670	$3,150,864	$1,544,795	$1,606,069
2022	$18,682	$2,778,649	$1,154,531	$1,624,118
2021	$16,433	$1,951,673	$487,830	$1,463,843
2020	$14,205	$1,496,864	$524,417	$972,447
2019	$14,453	$1,517,187	$532,548	$984,639
2018	$15,435	$1,576,578	$569,135	$1,007,443
2017	$15,390	$1,668,491	$0	$0
2016	$14,040	$1,399,924	$0	$0
2015	$15,616	$1,505,314	$0	$0
2014	$16,235	$1,609,094	$0	$0

Source: Public Records

Property History

Date	Event	Price	Change	Sq Ft Price
07/03/2025 07/03/25	Price Changed	$4,995,000	+0.9%	$1,196 / Sq Ft
07/03/2025 07/03/25	Price Changed	$4,950,000	-4.7%	$1,185 / Sq Ft
04/08/2025 04/08/25	For Sale	$5,195,000	--	$1,244 / Sq Ft

Source: Key West Association of REALTORS®

Purchase History

Type	Sale Price	Title Company
Warranty Deed	$1,987,500	Attorney
Warranty Deed	$350,000	--
Warranty Deed	$200,000	--

Source: Public Records

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Source: Key West Association of REALTORS®

MLS Number: 614532

APN: 00159252-000700

Florida Monroe County Key West 33040

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