Seller's Agent in 2025
Jenna Stauffer
Ocean Sotheby's International Realty
(260) 433-2319
11 in this area
62 Total Sales
69 Cannon Royal Dr Key West, FL 33040
4
Beds
5
Baths
5,300
Sq Ft
0.48
Acres
About This Home
As of July 2025Welcome to one of Shark Key's landmark estates--a custom-built, beautiful Mediterranean-inspired home. This exclusive property offers timeless architecture, open water views, and an unparalleled island lifestyle.Nestled on the northern end of Shark Key and set back from the road for privacy, this 5,300-square-foot estate sits on a 21,075-square-foot lot with breathtaking open water views. Designed for comfort and entertaining, the home features 4 bedrooms, 4.5 bathrooms, a private office, a home theater, an elevator, a full bar, and expansive balconies and elegant terraces that invite you to take in stunning sunrises and peaceful water views.Each of the bedrooms has an ensuite bathroom and private balcony, while the primary suite boasts incredible water views. The outdoor living spaces are equally impressive, featuring a pool, hot tub and ample room for entertaining and lounging. There's also space to add an observation dock for a flats boat.Enjoy the exclusive amenities of Shark Key, including pickleball, tennis courts and a private sandy beach. Located just minutes from Key West, yet offering a private retreat, this estate is truly one of a kind.This lovingly maintained home presents an exciting opportunity to update and make it your own while preserving its classic Mediterranean charm.Don't miss this rare offering--schedule your private showing today!
Last Agent to Sell the Property
Ocean Sotheby's International Realty License #3394848 Listed on: 02/21/2025
Home Details
Home Type
Single Family
Est. Annual Taxes
$16,826
Year Built
2004
Lot Details
0
Listing Details
- Property Type: Residential
- Style: Single Family
- First Right of Refusal: No
- Association Fee: 1523.00
- Mandatory HOA: Yes
- Control Depth: 2
- Fee Includes: Common Area Mnt, Other, 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: Cash
- Side: Bay/Gulf
- State Province: FL
- Taxes: 17351.00
- Vehicle Storage: Garage
- Year Built: 2004
- Alternate Key Number: 8736991
- Lot Sq Ft: 21075.00
- Pool Info: In Ground
- Association Maintenance Fee Per: Quarterly
- Tax Exemptions: None
- Building Style Above Flood: Unknown
- Estimated Living Sq Ft: 5300.00
- Sewer Hook Up: Yes
- Statistical Purposes Only: No
- Special Features: None
- Property Sub Type: Detached
Interior Features
- Total Bathrooms: 5.00
- Full Bathrooms: 4
- Appliances: More Appliances, Freezer, Microwave, Oven, Refrigerator, Dishwasher, Dryer, Washer
- Half Bathrooms: 1
- Total Bedrooms: 4
Exterior Features
- Dockage: None
- Waterfront: Bay Front, Open Water, Gulf Front
- Waterfront: Yes
- Construction: CBS, Concrete
- Exterior Features: Hot Tub
- Waterview: Bay/Gulf View, Open Water View
- Pool: Yes
Utilities
- Utilities: Cistern, Buyer to Verify
Lot Info
- Deed Restrictions: Unknown
- Land Size: 1/4 - 1/2 Acre
Rental Info
- Rentals Allowed: With Restrictions
Tax Info
- Tax Year: 2024
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 21, 2025
Closed on
Jul 14, 2025
Sold by
Wolfgang Steven L and Kgl Holdings Shark Key Llc
Bought by
Stephen Lisa and Mark Stephen
Seller's Agent
Jenna Stauffer
Ocean Sotheby's International Realty
Buyer's Agent
Lisa Ferringo
Coldwell Banker Schmitt Lower Keys (KW)
List Price
$5,700,000
Sold Price
$5,000,000
Premium/Discount to List
-$700,000
-12.28%
Views
146
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
36.11%
Original Mortgage
$3,000,000
Outstanding Balance
$3,000,000
Interest Rate
5.28%
Mortgage Type
New Conventional
Estimated Equity
$2,285,285
Purchase Details
Closed on
May 14, 2001
Sold by
Shark Key Dev Corp C
Bought by
Kgl Holdings Shark Key Llc
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $5,000,000 | None Listed On Document | |
| Warranty Deed | $5,000,000 | None Listed On Document | |
| Warranty Deed | $375,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $3,000,000 | New Conventional | |
| Closed | $3,000,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/14/2025 07/14/25 | Sold | $5,000,000 | -12.3% | $943 / Sq Ft |
| 04/29/2025 04/29/25 | Pending | -- | -- | -- |
| 02/21/2025 02/21/25 | For Sale | $5,700,000 | -- | $1,075 / Sq Ft |
Source: Key West Association of REALTORS®
Tax History Compared to Growth
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 | $16,826 | $2,035,365 | -- | -- |
| 2023 | $16,826 | $1,976,083 | $0 | $0 |
| 2022 | $16,377 | $1,918,528 | $0 | $0 |
| 2021 | $17,028 | $1,862,649 | $0 | $0 |
| 2020 | $16,963 | $1,836,932 | $0 | $0 |
| 2019 | $16,653 | $1,795,633 | $0 | $0 |
| 2018 | $16,812 | $1,762,153 | $0 | $0 |
| 2017 | $16,330 | $1,725,909 | $0 | $0 |
| 2016 | $16,473 | $1,690,411 | $0 | $0 |
| 2015 | $16,951 | $1,678,660 | $0 | $0 |
| 2014 | $17,563 | $1,665,337 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Jenna Stauffer
-
Lisa Ferringo
Buyer's Agent in 2025
Lisa Ferringo
Coldwell Banker Schmitt Lower Keys (KW)
(305) 797-1221
36 in this area
619 Total Sales
Map
Source: Key West Association of REALTORS®
MLS Number: 613814
APN: 00159252-004000
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