Under contract-accepting backup offers. Waterfront in Key Royale. This single-family, three-bedroom, three-bath home in the coveted Key Royale subdivision offers a prime waterfront location on a deep-water canal, ideal for boating enthusiasts. While the property has weathered a recent hurricane and requires remodeling, it presents an incredible opportunity to create a custom coastal retreat. The home features a spacious, open-concept layout with abundant natural light, offering views of the canal from the living areas. The primary suite includes an en-suite bath, while the two additional bedrooms provide ample space for guests or family. The kitchen and baths will need updating, along with repairs to the flooring and walls. Outside, the backyard offers direct access to the water, a pool, large screened covered patio and dock. The Key Royale neighborhood is known for its private golf course, deep-water access and serene island atmosphere. With vision and renovation, this property can be transformed into a stunning waterfront escape. Close to the beach and shopping. That's island living for you! Check out the drone video.