87 Cannon Royal Dr Key West, FL 33040
Estimated payment $59,339/month
Total Views
9,788
5
Beds
5
Baths
4,622
Sq Ft
$2,163
Price per Sq Ft
Highlights
- Hot Property
- Open Water Access
- Media Room
- Property fronts gulf or ocean
- Tennis Courts
- 1-minute walk to The Park
About This Home
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.
Listing Agent
Coldwell Banker Schmitt Real Estate Co License #605677 Listed on: 05/20/2026
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $54,356
Year Built
- Built in 1996
Lot Details
- 1.56 Acre Lot
- Property fronts gulf or ocean
- Privacy Fence
- Property is zoned SR - Sub Urban Residential District
HOA Fees
- $591 per month
Home Design
- Tile Roof
Interior Spaces
- 4,622 Sq Ft Home
- 2-Story Property
- Elevator
- Furnished
- Bar
- Cathedral Ceiling
- Ceiling Fan
- French Doors
- Sliding Doors
- Entrance Foyer
- Media Room
- Loft
- Storage
- Bay Views
- Impact Glass
Kitchen
- Oven
- Range
- Dishwasher
- Stainless Steel Appliances
- Granite Countertops
- Built-In or Custom Kitchen Cabinets
Bedrooms and Bathrooms
- 5 Bedrooms
- Split Bedroom Floorplan
- Walk-In Closet
- Whirlpool Bathtub
Laundry
- Laundry Room
- Dryer
- Washer
Parking
- Carport
- Open Parking
- Off-Street Parking
- RV Access or Parking
Outdoor Features
- Open Water Access
- Tennis Courts
- Lanai
- Exterior Lighting
- Gazebo
- Outdoor Storage
- Tiki or Chickee Hut
Horse Facilities and Amenities
- Trailer Storage
Utilities
- Central Air
- Cable TV Available
Community Details
- Shark Key Subdivision
Listing and Financial Details
- Assessor Parcel Number 00159252-003100
3D Interior and Exterior Tours
Floorplans
Map
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $13,237 | $6,222,999 | $4,717,460 | $1,505,539 |
| 2024 | $12,815 | $1,547,088 | -- | -- |
| 2023 | $12,815 | $1,502,028 | $0 | $0 |
| 2022 | $12,471 | $1,458,280 | $0 | $0 |
| 2021 | $12,952 | $1,415,806 | $0 | $0 |
| 2020 | $12,901 | $1,396,259 | $0 | $0 |
| 2019 | $12,663 | $1,364,868 | $0 | $0 |
| 2018 | $12,779 | $1,339,420 | $0 | $0 |
| 2017 | $12,412 | $1,311,871 | $0 | $0 |
| 2016 | $12,517 | $1,284,889 | $0 | $0 |
| 2015 | $12,882 | $1,275,957 | $0 | $0 |
| 2014 | $13,342 | $1,265,830 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/20/2026 05/20/26 | For Sale | $9,999,000 | -- | $2,163 / Sq Ft |
Source: Key West Association of REALTORS®
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | Attorney | |
| Quit Claim Deed | $100 | -- | |
| Warranty Deed | $175,000 | -- |
Source: Public Records
About the Listing Agent
Lisa Ferringo is a top-producing luxury real estate professional specializing in Florida Keys real estate, including waterfront estates, luxury homes, and investment properties from Key Largo to Key West. She launched her career in 1989 with a luxury condominium developer in Miami, Florida, and by 1995 was promoted to Broker of Mystic Point Realty in Aventura, establishing an early reputation for leadership and high-performance sales. In 1999, she joined Sotheby’s International Realty in Miami
Lisa's Other Listings
Source: Key West Association of REALTORS®
MLS Number: 619975
APN: 00159252-003100
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