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514 KEY ROYALE DRIVE

House For Sale
$2,750,000

BTC: 42.96875000

ETH: 1,724.47309508

10 days
Waterfront
3 bds
3 ba
2,668 sqft

Overview

Welcome to 514 Key Royale Drive, where luxury waterfront living meets the relaxed island lifestyle. Nestled in the exclusive and highly sought-after Key Royale community, this beautifully appointed 3-bedroom, 3-bathroom home sits on a generous .24-acre waterfront lot and offers 100 feet of deep-water canal frontage, featuring a private boat dock and lift, with direct boating access to Tampa Bay and the Gulf of Mexico. Step outside to enjoy the heated pool and spa overlooking the water, creating the perfect setting for relaxing or entertaining. Recent updates include two new air conditioning systems, a new electric pool heater, and a new water heater, all installed in 2024 and 2025. The bright, open floor plan is enhanced by soaring vaulted ceilings and recessed lighting throughout the main living area, creating an inviting space filled with natural light. Designed with both comfort and style in mind, the beautifully updated gourmet kitchen features new stainless steel appliances, rich granite countertops, abundant cabinetry, and generous workspace—perfect for preparing meals or gathering with family and friends. The spacious primary suite is a private retreat with two walk-in closets and a luxurious en-suite bath. One of the guest bedrooms also features its own en-suite bathroom, providing exceptional comfort and privacy for family or visitors. Just a few blocks away, the Key Royale Club offers optional golf or social memberships, allowing you to enjoy its private par-32 nine-hole golf course, clubhouse, dining, and year-round social events. Whether you're an avid golfer or simply looking to embrace the island lifestyle, this amenity adds to the appeal of this exceptional location. Key Royale allows one-month minimum rentals, making this home an outstanding opportunity as a full-time residence, seasonal getaway, or income-producing investment.

Location

Details

Type:
Residential
Parking:
No Data
Year Built:
1973
Lot:
0.24 Acres
Heating:
Electric / Solar
Price/sqft:
$1,031
Cooling:
Central Air
HOA:
$90

Valuation

Our model vs. what's actually selling nearby.
Estimate
$744,500
$430K – $2.5M
Confidence Low
List vs. estimate
$2.0M above estimate
List $2,750,000 · +269.4%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$1,030
+6.3% vs. city median $969
Based on
22 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$23,628
2025
HOA
$90/yr
Pool
In Ground
Waterfront
Canal - Saltwater
Garage
2 car garage
Furnished
Negotiable
Pets
Allowed
All facts and features
  • Flooring

    • Ceramic Tile

    Heating

    • Electric

    • Solar

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Dryer

    • Microwave

    • Range

    • Refrigerator

    • Washer

    Other interior features

    • Ceiling Fan(s)

    • Primary Bedroom Main Floor

    • Split Bedroom

    • Vaulted Ceiling(s)

    • Walk-In Closet(s)

    • Window Treatments

    Bedrooms and bathrooms

    • Bedrooms: 3

    • Full bathrooms: 3

  • Property

    • Levels: One

    • Pool Private: Yes

    • Exterior Features: Irrigation System / Lighting

    Lot

    • Lot: 0.24 Acres

    Other Property Information

    • Parcel Number: 7263800000

    • Zoning: R1

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • Public

  • Other financial information

    • HOA: $90

    • HOA Frequency: Annually

    • Annual tax amount: $23,628

  • Source details

    • MLS ID: A4698679

    Other facts

    • Construction Materials: Block

    • Foundation Details: Slab

    • Laundry Features: Laundry Room

    • Pool Features: In Ground

    • Direction Faces: South

    • Waterfront: Yes

    • Garage Spaces: 2

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 2668

    • Water Source: Public

    • Subdivision Name: KEY ROYALE 1ST ADD

Private inquiry
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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: AN ISLAND PLACE REALTY INC