709 KEY ROYALE DRIVE
About This Property
Welcome to your private oasis, where luxury meets the serene beauty of views of Tampa Bay ,St Pete and Egmont key state park! This isn't just a home-it's a lifestyle, meticulously crafted for those who crave elegance, comfort, and breathtaking views. From the moment you arrive, you'll be captivated by this stunning 4-bedroom, 3.5-bathroom property, where every detail has been thoughtfully designed, with double sea walls and a whole house generator, youll be all set, in addition this home has never flooded.
Step inside and be greeted by an expansive, open-concept floor plan with soaring ceilings and a complete wall of oversized, impact-resistant windows and sliders. These windows don't just protect-they offer a continuous, panoramic spectacle of the bay, kept perfectly clear with their own built-in washers on the living room! You'll enjoy the best of both worlds with canal views from the front dining room and bedroom, while the rest of the home provides endless, majestic vistas of the bay.
This home has been impeccably maintained and updated structually with a complete frontal redesign. The elegant brick exterior and lush, colorful landscaping create incredible curb appeal, while the interior boasts a seamless blend of refined sophistication and cozy comfort.
Take the grand staircase or the convenient elevator to the top floor, where your private master retreat awaits. This incredible suite features an additional seating area, a mini kitchen, and a private balcony where you can start your day with a hot cup of coffee and endless bay views, the huge walk-in closet and enormous bathroom with dual sinks, a luxurious soaking tub, and a spacious walk-in shower will make you feel like you'll never want to leave your own personal spa.
There is a further 3 sizable guest bedrooms with water views,a den and office should you wish to work from home as leaving here will be hard to do.
Outside, the fun continues! Fish right off your private dock, soak up the sun on the large sundeck, or take a refreshing dip in the pool. Watch dolphins, manatees, and pelicans play in the water as you relax in the screened-in lanai, perfect for entertaining guests with its comfortable seating and dining areas. As night falls, witness the spectacular light show from the Sunshine Skyway Bridge-a truly magical experience.
Calling all collectors and hobbyists! This home offers a massive 8-car garage with its own central AC unit, multiple storage rooms, and hanging racks-providing endless space for all your cars, golf carts, RV and water toys. The extremely long driveway ensures there's always plenty of room for guests.
Located in the unparralleled Key Royale community, you'll have access to a wealth of amenities, including a golf course, tennis and a clubhouse, and beautiful beaches just five minutes away.
This one-of-a-kind gem won't last long. It's more than a house-it's the Florida dream you've been searching for. Schedule your private showing today and prepare to fall in love!
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Cap Rate Calculator
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 20, 2026 | Sold | ||
| Sold | |||
| Feb 10, 2026 | In contract | - | |
| In contract | |||
| Jan 21, 2026 | Price Decreased |
$3,795,000
↓ $400K
(9.5%) | |
| Price Decreased | |||
| Jan 14, 2026 | Price Decreased |
$4,195,000
↓ $300K
(6.7%) | |
| Price Decreased | |||
| Nov 7, 2025 | Price Decreased |
$4,495,000
↓ $300K
(6.3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017