664 KEY ROYALE DRIVE
About This Property
The gourmet kitchen serves as the heart of the home, showcasing an oversized island, custom cabinetry, premium GE Monogram appliances, an induction cooktop, and sleek stone surfaces -perfectly blending beauty and function. The adjacent living and dining areas flow effortlessly toward the outdoors, where expansive hurricane rated glass doors frame tranquil sunset views down a wide canal.
The primary suite is a private retreat with lanai access and a spa-inspired bath featuring elegant finishes. Four additional bedrooms, two ensuite, offer flexibility for guests, extended family, or a dedicated office, each echoing the home's modern coastal sophistication.
Designed for effortless indoor-outdoor living, the residence features a heated, saltwater pool and a screened lanai ideal for quiet mornings, relaxed gatherings, and evening breezes by the water. The property also boasts a private dock and 12,000 lb. boat lift, and offers direct boating access to Tampa Bay, the Intracoastal Waterway, and the Gulf-perfect for boating adventures, jet skis, kayaking and paddle boarding.
Set in a coveted neighborhood known for its privacy and charm, this Key Royale home offers a rare combination of contemporary design, serene waterfront views, and the refined simplicity of quiet luxury-just minutes from Anna Maria Island's world renown beaches, shops, and dining.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 5, 2026 | Sold | ||
| Sold | |||
| Jan 3, 2026 | In contract | - | |
| In contract | |||
| Nov 26, 2025 | Listed by COMPASS FLORIDA LLC | $2,875,000 | |
| Listed by COMPASS FLORIDA LLC | |||
| Sep 7, 2021 | Sold | ||
| Sold | |||
| Jul 28, 2021 | Listed by COMPASS FLORIDA LLC | $2,596,000 | |
| Listed by COMPASS FLORIDA LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017