NOT LISTED FOR SALE

47 Cannon Royal Dr Key West, FL 33040

Estimated Value: $4,674,678 - $5,166,000

5 Beds
5 Baths
4,245 Sq Ft
$1,156/Sq Ft Est. Value

Last Sold July 12, 2024

Last sale price $4,700,000 $1,107 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $28,622/month

86 Days on Market

About This Home

As of July 2024

Nestled within the prestigious gated community of Shark Key, this waterfront mansion epitomizes luxury living at its finest. Boasting panoramic vistas of the Gulf of Mexico, this opulent 5-bedroom, 5-bathroom estate spans an impressive 4500 square feet, situated majestically on nearly half an acre of meticulously landscaped land with 120 feet of pristine shoreline.Upon arrival, a grand elevator, accessed via breezeway from the 3-car garage, transports you to the main floor, where an open-concept living and dining area awaits. Cathedral ceilings and marble floors exude timeless elegance, while the gourmet chef's kitchen features top-of-the-line appliances and granite countertops, ideal for culinary enthusiasts and entertaining guests.Both indoor and outdoor dining areas offer ample space for hosting gatherings while soaking in the breathtaking open water views. Witness stunning sunrises and revel in the serenity of the surroundings. The private dock provides a unique opportunity to observe marine life, making it a paradise for birdwatchers and water enthusiasts alike.The heated swimming pool beckons for a refreshing dip year-round, surrounded by lush tropical landscaping, creating an oasis of tranquility. Thoughtfully designed, the master suite on the main floor boasts a fully accessible bathroom, ensuring comfort and convenience.For guests or additional recreational space, the detached guest quarters can serve as a private gym or entertainment room. Equipped with impact doors and windows, electronic roll-down shutters, and a full generator, this home prioritizes safety and security.Shark Key is renowned for its exclusive waterfront properties with exceptional amenities including a security gate, clubhouse, inland swimming lagoon with a sandy beach, tennis courts, pickleball, and bocce ball. Residents are treated to a lifestyle of luxury and leisure. Experience the allure of waterfront living at its finest with a tour of this extraordinary estate.

Last Agent to Sell the Property

Ellen Gvili

Ocean Sotheby's International Realty License #3043680 Listed on: 04/10/2024

Ocean Sotheby's International Realty

Last Buyer's Agent

Matthew Sheehan

Ocean Sotheby's International Realty License #3400684

Ocean Sotheby's International Realty

Home Details

Home Type

Single Family

Est. Annual Taxes

$22,603

Year Built

1998

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Fee: 1360.00
  • Mandatory HOA: Yes
  • Control Depth: 2
  • Dockage Dock: Other
  • Dockage Dock Length: 48
  • Fee Includes: Common Area Mnt, Security
  • Handicap Access: Yes
  • 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
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 22603.33
  • Vehicle Storage: Garage, Off Street Parking, Guest Parking, Open Parking, Carport
  • Vehicle Storage Cars: 3
  • Year Built: 1998
  • Alternate Key Number: 8737157
  • Cooling Heating: Central Air
  • Lot Sq Ft: 20490.00
  • Pool Info: In Ground, Concrete
  • Pool Info Heated: Yes
  • Porch Balcony: Open Porch/Balcony, Patio
  • Association Maintenance Fee Per: Quarterly
  • Shutters: Roll Down Electric
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 4245.00
  • 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, Window Treatments, Walk-in Closet(s), Storage, Smoke Alarms, Security System, Elevator, Granite Counter Top, Entrance Foyer, Pantry
  • Floor Number: 2.00
  • Total Bathrooms: 5.00
  • Full Bathrooms: 4
  • Appliances: Washer, Stainless Steel Appliance(s), Gas Appliances, Freezer, Disposal, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Wood, Marble
  • Half Bathrooms: 1
  • Specialty Rooms: Laundry Room
  • Windows/Doors: Impact Rstnce Window, Impact Rstnce Doors
  • Total Bedrooms: 5
  • Accessibility Features: Accessible Elevator Installed, Parking

Exterior Features

  • Waterfront: Oceanfront, Open Water, Gulf Front, Bay Front
  • Waterfront: Yes
  • Construction: CBS, Concrete
  • Exterior Features: Detached Guest Qtrs, Sandy Beach
  • Roof: Other Roof
  • Waterview: Ocean View, Open Water View, Bay/Gulf View
  • Pool: Yes

Utilities

  • Security: Electric Gate, On Premises System
  • Utilities: FKAA, Propane, Satellite Dish, Whole House Generatr, Municipal Sewer
  • Heating: Central, Propane Stove

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: VE,AE,AE
  • Parcel Number: 00159252-005100
  • Land Size: 1/4 - 1/2 Acre
  • Acres: 0.47

Rental Info

  • Rentals Allowed: With Restrictions

Tax Info

  • Tax Year: 2023

Multi Family

  • Total Units: 2.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2024
Closed on
Jul 12, 2024
Sold by
David L Wyse Revocable Trust and Wyse David L
Bought by
Tame Key West Llc
Seller's Agent
Ellen Gvili
Ocean Sotheby's International Realty
Buyer's Agent
Matthew Sheehan
Ocean Sotheby's International Realty
List Price
$4,950,000
Sold Price
$4,700,000
Premium/Discount to List
-$250,000
-5.05%
Views
111
Current Estimated Value
$4,907,170

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$207,170
Avg. Annual Appreciation
4.28%

Purchase Details

Closed on
Jun 2, 2015
Sold by
Wyse David L
Bought by
Wyse David L and David L Wyse Revocable Trust

Purchase Details

Closed on
Aug 15, 2003
Sold by
Bergstrom Stephen L and Bergstrom Tina S
Bought by
Wyse David L and Wyse Elizabeth S

Purchase Details

Closed on
Feb 1, 1996
Sold by
Sheets Edward E Adn Glenda E
Bought by
Bergstrom Stephen L and Bergstrom Tina S

Purchase Details

Closed on
Apr 29, 1995
Sold by
Miller Robert B and Miller Carolyn L
Bought by
Sheets Glenda E

Purchase Details

Closed on
Apr 29, 1994
Sold by
Miller Robert B and Miller Carolyn L
Bought by
Sheets Glenda E

Purchase Details

Closed on
Sep 1, 1989
Bought by
Wyse David L Revocable Trust 4/26/1993

Purchase Details

Closed on
Mar 1, 1987
Bought by
Wyse David L Revocable Trust 4/26/1993
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
Tame Key West Llc $4,700,000 None Listed On Document
Wyse David L -- Attorney
Wyse David L $2,000,000 Chicago Title Of The Florida
Bergstrom Stephen L $125,000 --
Sheets Glenda E -- --
Sheets Glenda E $125,000 --
Wyse David L Revocable Trust 4/26/1993 $150,000 --
Wyse David L Revocable Trust 4/26/1993 $5,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2024 07/12/24 Sold $4,700,000 -5.1% $1,107 / Sq Ft
07/05/2024 07/05/24 Pending -- -- --
04/10/2024 04/10/24 For Sale $4,950,000 -- $1,166 / 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 $22,603 $4,166,231 $2,562,531 $1,603,700
2023 $22,603 $3,670,173 $2,116,873 $1,553,300
2022 $20,118 $3,132,495 $1,582,084 $1,550,411
2021 $17,184 $2,067,184 $668,486 $1,398,698
2020 $14,740 $1,554,896 $718,623 $836,273
2019 $13,528 $1,422,828 $577,101 $845,727
2018 $13,021 $1,323,579 $623,921 $699,658
2017 $13,139 $1,417,821 $0 $0
2016 $11,992 $1,189,994 $0 $0
2015 $13,754 $1,321,052 $0 $0
2014 -- $1,463,815 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Key West Association of REALTORS®

MLS Number: 609541

Key West Association of REALTORS®

APN: 00159252-005100