514 KEY ROYALE DRIVE

Property Details

Description

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.

Facts & Costs

Property type

Single Family Residence

Year built

1973

Lot size

10,498 sq ft

Garage

2 spaces

Price per sq ft

$1,031

Days on market

89

Private pool

Yes

Waterfront

Yes

Community

Key Royale

Subdivision

KEY ROYALE 1ST ADD

County

Manatee

Flood zone

AE

Monthly & yearly costs

HOA fee

$90 / annually

Property taxes

$23,628 / year (2025)

As reported by the listing agent. Verify with the HOA and county.

Construction & systems

Heating

Electric, Solar

Cooling

Central Air

Flooring

Ceramic Tile

Roof

Tile

Construction

Block

Payment Estimate

$15,882 / month

Principal & interest

$13,905

Property taxes

$1,969

HOA

$8

Home insurance

enter below

Estimate only, not a loan offer. Rate is a starting value; taxes and HOA are as reported by the listing agent. Florida insurance (including flood) varies widely. Ask George for a lender referral.

Location

Features & Amenities

• Dishwasher
• Dryer
• Microwave
• Range
• Refrigerator
• Washer
• Ceiling Fans(s)
• Primary Bedroom Main Floor
• Split Bedroom
• Vaulted Ceiling(s)
• Walk-In Closet(s)
• Window Treatments
• Lighting
• In Ground
• Canal - Saltwater