Listing
$1,700,000
45 Ca••••• Royal Dr (Sign up for 50 free credits to unlock)Key West, FL 33040
Property Description
Active permit! Start building today! Situated on an expansive 37,010-square-foot lot, this premier property boasts over 200' of waterfront with breathtaking panoramic open water views. Located on Shark Key, this prime buildable lot features an active and transferable permit, allowing immediate construction on your dream waterfront home. Plans, which can be changed, are for a 4 Bedroom plus Den, 3.5 Bath 4,100 Sq. Ft. home built to a 180 mph wind load with soaring vaulted ceilings and a Great Room with a wall of glass overlooking the water. Essential features include impact windows and doors, a planned residential elevator and an expansive sundeck designed for seamless indoor-outdoor entertaining. Full plans, survey, engineering reports and available permit documentation are available upon request. Just minutes to Key West where you can enjoy iconic sunsets, dining, and entertainment. Located in an exclusive, gated island community where residents enjoy top-tier neighborhood amenities including a private clubhouse, swimming lagoon, sandy beach, and tennis courts.
Property Facts & Features
- Property Type
- Land
- Status
- Closed
- Listed
- Aug 23, 2026
- Sold
- Sep 17, 2026
- ZIP Code
- 33040
- HOA Fee
- $591/mo
- Property Tax (2025)
- $7,832/yr
- Assessed Value
- $872,831
- Neighborhood
- Shark Key
- County
- Monroe
- School District
- Monroe County Schools
Estimated Value
Automated estimate. Not an appraisal.
Features & Amenities
Land Info
- Paved Street
- Water Frontage
- Cleared Site
- Lot Size Acres: 0.85
- Lot Size Dimensions: X
- Lot Size Source: Property Data Card
- Number of Lots: 1
- Lot Size Square Feet: 37010
Home Features
- View: Open Water View, Bay View
- Security Features: Electric Gate
Other Property Info
- Annual Tax Amount: 7833
- Source Listing Status: Closed
- County: Monroe
- Directions: From Overseas Hwy, turn Gulfside into Shark Key. Continue through the gate onto Cannon Royal Dr. Follow Cannon Royal Dr. to 45 Cannon Royal Dr.
- Tax Year: 2025
- Area: 05 - Stock Island to Shark Key
- MLS Area Minor: 05 - Stock Island to Shark Key
- Source Neighborhood: Shark Key (11.0)
- Parcel Number: 00159252-005200
- Postal City: Shark Key
- Public Survey Section: Yes
- Subdivision: Shark Key (11.0)
- Zoning: IS - Improved Subivision
Homeowners Association
- Association: Yes
- Association Fee: 1773
- Association Fee Frequency: Quarterly
- Calculated Total Monthly Association Fees: 591
Waterfront and Water Access
- Bay Front
- Gulf Front
- Open Water
Amenities and Community Features
- Community Features: Clubhouse, Fire Hydrant, Beach
Price & Event History
| Date | Event | Price | $/Sq Ft |
|---|---|---|---|
| Sep 17, 2026 | Sold | $1,700,000 | - |
| Aug 23, 2026 | Listed | $1,700,000 | - |
| Jun 11, 2025 | Sold | $1,200,000 | - |
| May 14, 2020 | Listing removed | $775,000 | - |
| Oct 31, 2019 | Sold | $875,000 | - |
| Feb 14, 2007 | Sold | $775,000 | - |
| Jun 28, 2006 | Listing removed | $775,000 | - |
| Dec 20, 2005 | Listed | $775,000 | - |
| Jun 28, 1990 | Sold | $140,000 | - |
Property Tax History
| Year | Tax | Assessed | Land | Building | Market |
|---|---|---|---|---|---|
| 2025 | $7,832 | $872,831 | - | - | $971,142 |
| 2023 | $6,103 | $721,348 | $721,348 | - | $721,348 |
| 2022 | $7,013 | $824,296 | - | - | $830,643 |
| 2021 | $3,608 | $394,647 | - | - | $397,406 |
| 2020 | $3,307 | $358,770 | $358,770 | - | $358,770 |
| 2019 | $2,895 | $269,740 | - | - | $388,624 |
| 2018 | $2,908 | $245,219 | - | - | $414,823 |
| 2017 | $2,211 | $253,261 | $253,261 | - | $253,261 |
| 2016 | $2,150 | $252,606 | $252,606 | - | $252,606 |
| 2015 | $2,305 | $184,237 | - | - | $309,225 |
| 2014 | $2,110 | $167,489 | - | - | $261,317 |
| 2013 | $1,661 | $152,263 | - | - | $152,263 |
Nearby Schools
- Sugarloaf School8.2 mi
Public · Elementary, Middle · Grades K-8
- Key West High School8.9 mi
Public · High · Grades 9-12
Location
Lat 24.60931 · Lng -81.64841