NOT LISTED FOR SALE

41 Cannon Royal Dr Key West, FL 33040

Estimated Value: $3,663,124 - $4,530,000

3 Beds
4 Baths
3,355 Sq Ft
$1,246/Sq Ft Est. Value

Last Sold February 01, 2024

Last sale price $3,700,000 $1,103 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $25,096/month

215 Days on Market

About This Home

As of February 2024

Welcome to your dream waterfront retreat in the prestigious community of Shark Key, Florida. This luxurious 3BD/4BA home spans an impressive 3,355 sq ft and offers a truly unparalleled living experience. A beautiful elevator, accessed via breezeway from the 2 car garage, takes you to the main floor, where you'll be captivated by the grandeur of cathedral ceilings and the timeless elegance of newly restored marble floors. The gourmet chef's kitchen features Viking appliances and granite countertops. Indoor & outdoor dining areas offer plenty of space for entertaining while taking in breathtaking open water views of the Gulf of Mexico. Imagine waking up to mesmerizing morning sunrises from your own private balcony, sipping your favorite beverage as you soak in the tranquility of the surroundings. In addition to stunning vistas, this property also offers a unique opportunity to observe marine life up close from the brand new observation deck. It's the perfect spot to witness the graceful movements of sea creatures, or launch your kayak or paddle board. The heated swimming pool is perfect for enjoying a refreshing swim any time of year. The pool area is an oasis of serenity, inviting you to unwind while surrounded by lush tropical landscaping and the soothing sound of gently lapping waves. This home has been thoughtfully designed to create an atmosphere of sophistication, luxury & comfort, offering a master suite on the main floor with a fully accessible bathroom. The property is equipped with a new 3-zone HVAC system, new water heaters, and impact doors and windows. Shark Key is renowned for its exclusive waterfront properties, and this residence stands out as a true gem. With its exceptional amenities and peaceful surroundings, this home offers a once-in-a-lifetime opportunity to live the waterfront lifestyle you've always dreamed of. Schedule a private tour today and experience the allure of this extraordinary luxury waterfront home just minutes from Key West.

Last Agent to Sell the Property

Scott Forman

Royal Palms Realty (KW) License #3045796 Listed on: 06/01/2023

Last Buyer's Agent

Hana Tomita

Berkshire Hathaway HomeServices Knight & Gardner Realty License #3401243

Berkshire Hathaway HomeServices Knight & Gardner Realty

Home Details

Home Type

Single Family

Est. Annual Taxes

$26,530

Year Built

2012

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • First Right of Refusal: No
  • Association Fee: 1360.00
  • Mandatory HOA: Yes
  • Control Depth: 2
  • Fee Includes: Common Area Mnt, Security
  • Key Island: Shark Key
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 11.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Clubhouse, Other Area Features, Beach, Tennis Courts
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Other Terms
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 24023.56
  • Vehicle Storage: Garage, Off Street Parking, Guest Parking, Auto Door Opener, Attached
  • Vehicle Storage Cars: 2
  • Year Built: 2012
  • Alternate Key Number: 8737122
  • Building Style: Other Bldg Style
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Lot Sq Ft: 13598.00
  • Pool Info: In Ground, Decked, Concrete
  • Porch Balcony: Open Porch/Balcony, Deck, Patio
  • Association Maintenance Fee Per: Quarterly
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 3355.00
  • Pre Wired: Cable
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Cathedral Ceilings, Built-in Cabinets, Tray Ceilings, Walk-in Closet(s), Storage, Smoke Alarms, Elevator, Granite Counter Top, Pantry, Split Bedroom
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Appliances: Washer, Stainless Steel Appliance(s), Wine Cooler, Ice Machine, Disposal, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Wood, Marble
  • Windows/Doors: French Doors, Impact Rstnce Window, Impact Rstnce Doors, Aluminum Windows
  • Total Bedrooms: 3
  • Accessibility Features: Accessible Full Bath, Parking, Lower Light Switch, Grab Bars, Accessible Elevator Installed, Accessible Doors

Exterior Features

  • Dockage: Other Dockage
  • Waterfront: Bay Front, Open Water, Gulf Front
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Bar, Storage, Sprinkler System, Outdoor Shower, Fencing
  • Roof: Tile Roof
  • Waterview: Bay/Gulf View, Open Water View
  • Pool: Yes

Utilities

  • Security: Electric Gate
  • Utilities: FKAA, Propane, Municipal Sewer
  • Heating: Central

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00159252-005400
  • Land Size: 1/4 - 1/2 Acre
  • Acres: 0.31

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2023
Closed on
Feb 1, 2024
Sold by
Lynn K Shotts Revocable Trust
Bought by
Corey Richard and Corey Kathy
Seller's Agent
Scott Forman
Royal Palms Realty (KW)
Buyer's Agent
Hana Tomita
Berkshire Hathaway HomeServices Knight & Gardner Realty
List Price
$4,189,000
Sold Price
$3,700,000
Premium/Discount to List
-$489,000
-11.67%
Views
198
Current Estimated Value
$4,179,781

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$479,781
Avg. Annual Appreciation
8.09%
Original Mortgage
$2,000,000
Outstanding Balance
$1,969,165
Interest Rate
5.63%
Mortgage Type
New Conventional
Estimated Equity
$2,198,337

Purchase Details

Listed on
Jul 2, 2020
Closed on
Mar 3, 2021
Sold by
Cullen Thomas and Cullen Monica
Bought by
Shotts Jamieson and Lynn K Shotts Revocable Trust
Seller's Agent
Terri Spottswood
Truman & Co. (KW)
Buyer's Agent
Karen Angle
Coldwell Banker Schmitt Real Estate Co.
List Price
$2,950,000
Sold Price
$2,950,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.07%

Purchase Details

Listed on
Dec 1, 2015
Closed on
Jul 18, 2017
Sold by
Kemp William O and Kemp William O
Bought by
Cullen Thomas and Cullen Monica
Seller's Agent
Joanne Allen
Berkshire Hathaway HomeServices Knight & Gardner Realty
Buyer's Agent
Joanne Allen
Lands End Realty of Key West (KW)
List Price
$1,925,000
Sold Price
$1,650,000
Premium/Discount to List
-$275,000
-14.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.41%

Purchase Details

Closed on
Apr 6, 2005
Sold by
Lucke Jochen
Bought by
Kemp William O and The William O Kemp Living Trus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,728,000
Interest Rate
5.74%
Mortgage Type
Construction

Purchase Details

Closed on
Jul 22, 2003
Sold by
Kent Wall J and Kent Karol C
Bought by
Lucke Jochen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,500
Interest Rate
5.24%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 24, 2000
Sold by
Shark Key Development Corporation
Bought by
Kent Wall J and Kent Karol C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
8.07%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Corey Richard $3,700,000 None Listed On Document
Shotts Jamieson $2,950,000 Attorney
Cullen Thomas $1,650,000 Attorney
Kemp William O $760,000 Chicago Title Of The Fl Keys
Lucke Jochen $395,000 Chicago Title Of The Fl Keys
Kent Wall J $275,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Corey Richard $2,000,000
Previous Owner Kemp William O $303,000
Previous Owner Kemp William O $1,728,000
Previous Owner Lucke Jochen $276,500
Previous Owner Kent Wall J $208,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/01/2024 02/01/24 Sold $3,700,000 -11.7% $1,103 / Sq Ft
01/02/2024 01/02/24 Pending -- -- --
06/01/2023 06/01/23 For Sale $4,189,000 +42.0% $1,249 / Sq Ft
03/03/2021 03/03/21 Sold $2,950,000 0.0% $879 / Sq Ft
02/01/2021 02/01/21 Pending -- -- --
07/02/2020 07/02/20 For Sale $2,950,000 +78.8% $879 / Sq Ft
07/19/2017 07/19/17 Sold $1,650,000 -14.3% $492 / Sq Ft
05/05/2017 05/05/17 Pending -- -- --
12/01/2015 12/01/15 For Sale $1,925,000 -- $574 / Sq Ft
Source: Key West Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $26,530 $3,559,268 $1,771,751 $1,787,517
2023 $26,530 $3,130,180 $1,463,621 $1,666,559
2022 $24,024 $2,778,375 $1,093,864 $1,684,511
2021 $17,206 $2,145,095 $525,223 $1,619,872
2020 $14,760 $1,624,563 $564,614 $1,059,949
2019 $13,186 $1,380,323 $458,695 $921,628
2018 $13,960 $1,421,984 $490,208 $931,776
2017 $13,327 $1,510,321 $0 $0
2016 $11,814 $1,171,751 $0 $0
2015 $12,829 $1,262,905 $0 $0
2014 $12,989 $1,362,708 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Scott Forman

    Seller's Agent in 2024

    Scott Forman

    Royal Palms Realty (KW)

    (305) 923-9884

    5 in this area

    65 Total Sales

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  • H

    Buyer's Agent in 2024

    Hana Tomita

    Berkshire Hathaway HomeServices Knight & Gardner Realty

    (305) 923-6344

    5 in this area

    18 Total Sales

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  • Terri Spottswood

    Seller's Agent in 2021

    Terri Spottswood

    Truman & Co. (KW)

    (305) 395-2360

    18 in this area

    342 Total Sales

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  • Team Spottswood/Vazquez

    Seller Co-Listing Agent in 2021

    Team Spottswood/Vazquez

    Truman & Co. (KW)

    (305) 395-1777

    18 in this area

    344 Total Sales

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  • Karen Angle

    Buyer's Agent in 2021

    Karen Angle

    Coldwell Banker Schmitt Real Estate Co.

    (305) 903-3373

    2 in this area

    20 Total Sales

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  • Joanne Allen

    Seller's Agent in 2017

    Joanne Allen

    Berkshire Hathaway HomeServices Knight & Gardner Realty

    (305) 923-0239

    12 in this area

    27 Total Sales

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Map

Source: Key West Association of REALTORS®

MLS Number: 605503

Key West Association of REALTORS®

APN: 00159252-005400

Florida Monroe County Key West 33040

41 Cannon Royal Dr, Key West, FL

This home is located at 41 Cannon Royal Dr, Key West, FL 33040 since 01 June 2023 and is currently estimated at $4,179,781, approximately $1,245 per square foot. This property was built in 2012. 41 Cannon Royal Dr is a home located in Monroe County with nearby schools including Sugarloaf School and Key West High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Key West Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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