19
Map
$3,299,000
↓ $51K (1.5%)
●
House -
For Sale
633 KEY ROYALE DRIVE
HOLMES BEACH, FL 34217
3 Beds
3 Baths
1,910 Ft²
$17,518
Est. Monthly
About This Property
FULL INTERCOASTAL WATER VIEWS!!! A rare waterfront opportunity
awaits on beautiful Anna Maria Island. Set on an oversized homesite
along Key Royale Drive, this exceptional property offers the
perfect canvas to build your island dream home.
The backyard is a tranquil retreat offering world-class sunrise views over the intercoastal waterway, along with direct fishing and boating access to the Gulf. Just down the street, the Key Royale Club features a private 9-hole golf course, dining, and social amenities. You're also only a short golf cart ride away from Anna Maria Island's top-rated restaurants, boutique shopping, and pristine white-sand beaches.
The existing 3-bedroom, 3-bathroom home sustained water damage from Hurricane Helene and has been partially gutted, providing a clean slate for redevelopment. The spacious backyard already includes a sparkling pool, private dock, and room to add a boat lift - an ideal foundation for waterfront living.
Whether you're seeking a full-time residence, luxury vacation home, or investment property, the possibilities here are endless!
The backyard is a tranquil retreat offering world-class sunrise views over the intercoastal waterway, along with direct fishing and boating access to the Gulf. Just down the street, the Key Royale Club features a private 9-hole golf course, dining, and social amenities. You're also only a short golf cart ride away from Anna Maria Island's top-rated restaurants, boutique shopping, and pristine white-sand beaches.
The existing 3-bedroom, 3-bathroom home sustained water damage from Hurricane Helene and has been partially gutted, providing a clean slate for redevelopment. The spacious backyard already includes a sparkling pool, private dock, and room to add a boat lift - an ideal foundation for waterfront living.
Whether you're seeking a full-time residence, luxury vacation home, or investment property, the possibilities here are endless!
Unit Size
1,910 Ft²
Days on Market
157 days
Land Size
0.34 acres
Price per sqft
$1,727
Property Type
House
Property Taxes
$1,319
HOA Dues
-
Year Built
1968
Listed By
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100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 months ago (Stellar MLS #A4690877)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 14, 2026 | Price Decreased |
$3,299,000
↓ $51K
(1.5%) | |
| Price Decreased | |||
| Jun 3, 2026 | Price Decreased |
$3,350,000
↓ $145K
(4.2%) | |
| Price Decreased | |||
| Apr 22, 2026 | Listed by SATO REAL ESTATE INC. | $3,495,000 | |
| Listed by SATO REAL ESTATE INC. | |||
Property Highlights
Garage
Air Conditioning
Parking Details
Has Garage
Attached Garage
Garage Spaces: 2
Interior Details
Full Bathrooms: 3
Interior Features: Open Floorplan
Appliances: None
Flooring Type: Terrazzo
Door Features: Sliding Doors
Laundry Features: Other
Rooms: 3
Exterior Details
Square Footage: 1910
Square Footage Source: $0
Year Built: 1968
Waterfront Features: Intracoastal Waterway
Building Area Total: 2856
Levels: One
Building Area Units: Square Feet
Construction Materials: Block
Pool Features: In Ground
Pool is Private
Lot Size Area: 14902
Lot Size Units: Square Feet
Lot Size Acres: 0.34
Lot Size Square Feet: 14902
Tax Lot: 1
Water Source: Public
Financial Details
Tax Annual Amount: $15,831
Lease Considered: Yes
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
Beds
Baths
ft²
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About Holmes Beach
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Listed by: Jason Sato
SATO REAL ESTATE INC.
Last Updated: 3 months ago
Data Source: Stellar MLS, MLS# A4690877
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
SATO REAL ESTATE INC.
Last Updated: 3 months ago
Data Source: Stellar MLS, MLS# A4690877
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017