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$4,950,000   Price Analysis
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47 Cannon Royal Dr
Key West, FL 33040
5 bed 5 bath 4,245 SqFt ($1166/SqFt)
0.47 acre lot. Built 1998
Listed 2024-04-11, HOA $453, Taxes $20,117
Ⓧ USDA Ineligible
due to price & location

near Key West

Nestled within the prestigious gated community of Shark Key

This waterfront mansion epitomizes luxury living. Boasting panoramic vistas of the Gulf of Mexico, this opulent five bedroom, five 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 flor, 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. The heated swimming pool beckons for a refreshing dip year-round, surrounded by lush tropical landscaping, creating an oasis of tranquility. Thoughtfully designed, the primary suite on the main floor boasts a fully accessible bathroom, ensuring comfort and convenience. The detached guest quarters can serve as a private gym or entertainment room for guests or additional recreational space. 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 and 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.


Presented by Ellen Gvili at
Ocean Sotheby's International Realty.
Listing Agent Photo

Property MLS #609541 from KeyWest

Bedrooms: 5

Total Bathrooms: 5.00
Full Bathrooms: 4
1/2 Bathrooms: 1

Built-in Cabinets
Window Treatments
Security System
Walk-in Closet(s)
Storage
Smoke Alarms
Pantry
Granite Counter Top
Entrance Foyer
Elevator
Cathedral Ceilings
Interior Amenities: Laundry Room
Flooring: Marble, Wood

Dishwasher
Stainless Steel Appliance(s)
Washer
Refrigerator
Range
Oven
Gas Appliances
Freezer
Dryer
Disposal

Central Air

Detached Guest Qtrs
Sandy Beach
Porch Description: Open Porch/Balcony, Patio

Pool Features: SwimmingPoolYN: Yes, Concrete, In Ground, Heated Pool: Yes

Bay Front
Oceanfront
Open Water
Gulf Front

Lot Size Acres: 0.4703857
Lot Size Square Feet: 20490

Parking Features: Carport, Off Street Parking, RV Parking Open, Open Parking, Garage, Guest Parking
Parking Total: 3

View: Bay/Gulf View, Ocean View, Open Water View
Security Features: Electric Gate, On Premises System

Association: Yes
Association Amenities: Common Area Mnt, Security
Association Fee: 1360
Association Fee Frequency: Quarterly
Calculated Total Monthly Association Fees: 453
Pets Allowed: Pets Allowed

Number of Units: 2

Community Features: Beach, Tennis Courts, Clubhouse

Annual Tax Amount: 22603.33
Source Listing Status: Active
County: Monroe
Directions: Shark is located at MM 11 just a 15 minutes drive from Key West.
Tax Year: 2023
Source Property Type: Residential - Single Family
Area: 05 - Stock Island to Shark Key
Source Neighborhood: Shark Key (11.0)
Parcel Number: 00159252-005100
Subdivision: Shark Key (11.0)
Zoning: IS - Improved Subivision
Property Subtype: Single Family
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$1,881,425
$20,117
2021$unknown + $unknown
$1,710,386
$17,184
2020$836,273 + $718,623
$1,554,896
$14,740
2019$unknown + $unknown
$1,414,042
$13,527
2018$699,658 + $623,921
$1,323,579
$13,020
2017$718,139 + $699,682
$1,417,821
$13,138
2016$658,278 + $531,716
$1,189,994
$11,992
2015$629,822 + $691,230
$1,321,052
$13,753
2014$unknown + $unknown
$1,247,479
$14,370
2013$unknown + $unknown
$1,134,072
$12,776
2012$unknown + $unknown
$1,328,144
$15,011
2011$unknown + $unknown
$1,322,763
$14,753
2010$unknown + $unknown
$1,246,869
$14,303
2009$unknown + $unknown
$1,286,634
$13,232
2008$unknown + $unknown
$1,217,301
$10,603
2007$unknown + $unknown
$1,544,024
$13,114

Listed 2024-04-11
$4,950,000
KeyWest
Sold 2003-08-15
$2,000,000
KeyWest
Listed 2002-02-27
$2,249,000
KeyWest
Listed 2002-02-27
$2,249,000
Marathon
Listed 2002-02-27
$2,249,000
FloridaKeys
Listed 2002-02-27
$2,249,000
KeyWest
Sold 1996-02-01
$125,000
Public Record
Sold 1995-05-04
$125,000
Public Record
Sold 1994-05-04
$125,000
Public Record
Sold 1989-09-05
$150,000
Public Record

Total Square Feet Living: 4245
Year Built: 1998
Construction Materials: CBS, Concrete
Entry Level: 2
Living Area Source: Seller
Property Age: 26
Roof: Other Roof
Levels or Stories: 2 Stories
Elevator: Yes

Accessible Elevator Installed
Parking
Disabled Access: Yes

FKAA
Whole House Generatr
Propane
Satellite Dish
Municipal Sewer

Sugarloaf School is a public elementary and middle school located approximately 8.3 miles away.
directions icon Map directions

Key West High School is a public middle and high school located approximately 8.9 miles away.
directions icon Map directions

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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.