705 Key Royale DriveHolmes Beach, FL 34217Price: $3,900,000

A distinctive bayfront residence with extraordinary possibilities on Key Royale, one of Anna Maria Island's most desirable waterfront neighborhoods. Situated on one-third of an acre with 100 feet of direct, deep-water Tampa Bay frontage, this exceptional property offers sweeping views toward the Sunshine Skyway Bridge, spectacular evening colors reflected across the bay and beautiful western sunsets enjoyed from the new private dock. Across the street, the lush greens of Key Royale Golf Club complete a setting that beautifully combines waterfront and golf course living. Offering approximately 5,000 square feet, the existing residence features four bedrooms, four full and two half baths, soaring cathedral ceilings, spacious living and dining areas and a flexible floor plan with generous opportunities for renovation and personalization. Expansive windows and multiple outdoor living areas take advantage of the waterfront surroundings, while the home's generous proportions provide a wonderful foundation for creating a distinctive island retreat. Outdoor features include a 20-by-45-foot swimming pool, a new seawall (2025) and a private dock (2025) with direct access to Tampa Bay. The setting invites boating, entertaining and enjoying the constantly changing waterfront scenery, which includes tarpon, dolphins and manatees. The property experienced water intrusion during the 2024 hurricane and was remediated. Some repairs have been made, offering an opportunity for thoughtful renovation and updates, subject to applicable FEMA and City of Holmes Beach requirements, permits and approvals. Alternatively, the exceptional homesite presents an opportunity to create an entirely new custom waterfront estate tailored to its remarkable views and island setting. Located in the established Key Royale community, just minutes from Anna Maria Island's beautiful Gulf beaches, restaurants and boutiques, this property offers a rare combination of substantial existing living space, exceptional waterfront frontage, golf-course surroundings and future possibilities. Whether beautifully reimagined or newly created, this is an opportunity to enjoy the very best of Anna Maria Island waterfront living.