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For sale
  • Price cut: $44K (3/2)
    $1,795,000

    16640 Cypress Rd, Sugarloaf Key, FL 33042

    3beds
    1,764sqft
    : 
    Single Family Residence
    Built in 1991
    0.34 Acres Lot
    $1,713,300 Zestimate®
    $1,018/sqft
    $-- HOA

    What's special

    Two guest bedroomsNew quartz countertopsCovered parkingBreathtaking cathedral cupolaStainless steel appliancesVibrant tropical landscapingSpacious walk-in closet
    RARE Solar-Powered Waterfront Tropical Gem with TESLA Solar Storage Banks on Prestigious Sugarloaf Key! A rare opportunity to own a fully solar-powered waterfront residence featuring 26 solar panels and two Tesla Solar Powerwall storage banks, offering exceptionally low energy costs, backup power, and the potential to earn credits by supplying excess energy back to the grid. This elevated 3 BD, 2 BA, 1,764 SF home sits on exclusive Southpoint--only three homes from open water and just 20 minutes to Key West.Step inside to a breathtaking cathedral Cupola, soaring above the open living, dining, and great room. Impact-glass windows fill the space with natural light, highlighting the home's tropical architecture and warm coastal finishes. The kitchen is designed for effortless entertaining with a double island, stainless steel appliances, and new quartz countertops. The split floor plan creates exceptional privacy. The primary suite features a large walk-in shower, jacuzzi tub, double vanity, and a spacious walk-in closet that connects to a versatile laundry/fitness/office room--also home to the Tesla storage banks. The opposite wing offers two guest bedrooms and a dual-access bathroom with two private vanities. Enhance your waterfront lifestyle with an impressive concrete boat ramp for jet skis, boats, kayaks, and paddleboards, plus a newly installed 10,000 lb boat lift on a deep, wide, crystal-clear canal providing fast access to both the Gullf and Atlantic. The oversized 15,000 SF lot bursts with vibrant tropical landscaping and includes a newly completed tropical pool with natural rock feature. Enjoy sunset views and star-filled nights from the rooftop observation deck. Additional features include Andersen impact windows and sliding glass doors, low insurance costs, covered parking, and excellent storage below the home.A rare Keys offering combining sustainable energy, modern resilience, and luxurious waterfront living--an exceptional opportunity in today's market
    96 days
    |
    1,257
    |
    70
    |

    Zillow last checked: 7 hours ago

    Listing updated: March 10, 2026 at 01:05am

    Listed by:

    Lisa Swanson 305-924-3777,

    The Agency Florida Keys

    Source: FLKMLS,MLS#: 617675MLS LogoOriginating MLS: Key West Association

    Tour with a local agent

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • Central
      Cooling
      • Central Air, Ceiling Fans(s)
      Appliances
      • Included: Washer, Gas Appliances, Freezer, Oven, Refrigerator, Dishwasher, Dryer
      • Laundry: Laundry Room
      Features
      • Cathedral Ceiling(s), Quartz Countertops, Storage, Built-in Cabinets, Split Bedroom
      • Flooring: Wood
      • Doors: Sliding Glass Doors
      • Windows: Window Treatments, Skylight(s), Impact Rstnce Window, Bahama, Panel
      Interior area
      • Total interior livable area: 1,764 sqft

      Property

      Parking
      • Parking features: Carport, Trailer Storage, RV Parking Open, Open
      • Has carport: Yes
      • Has uncovered spaces: Yes
      Features
      • Patio & porch: Open Porch/Balcony, Deck, Widow's Walk
      • Exterior features: Storage, Rain Gutters
      • Has private pool: Yes
      • Pool features: Heated, In Ground, Concrete, Salt Water
      • Fencing: Fenced,Privacy
      • Has view: Yes
      • View description: Bay/Gulf View, Water, Canal
      • Has water view: Yes
      • Water view: Bay/Gulf View,Water,Canal
      • Waterfront features: Canal Front, Waterfront, Dock: Composite, Dockage: Boat Ramp
      Lot
      • Size: 0.34 Acres
      • Features: 1/4 - 1/2 Acre
      Details
      • Additional structures: Workshop
      • Parcel number: 00166976011000
      • Zoning: IS
      • Zoning description: Improved Subivision District

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Frame, Hardi Board Siding
      • Roof: Metal
      Condition
      • Year built: 1991

      Utilities & green energy

      • Sewer: Municipal Sewer, Public Sewer
      • Utilities for property: FKAA
      Green energy
      • Energy generation: Solar, Solar Power

      Community & HOA

      Community
      • Security: Electric Gate
      • Subdivision: Sugarloaf Shores (17.0)
      HOA
      • Has HOA: No
      • Services included: None
      Location
      • Region: Sugarloaf Key

      Financial & listing details

      • Price per square foot: $1,018/sqft
      • Tax assessed value: $979,708
      • Annual tax amount: $11,168
      • Date on market: 12/11/2025
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        Estimated market value

        $1,713,300

        $1.63M - $1.80M

        $7,090/mo

        Price history

        Price history
        DateEventPrice
        3/2/2026Price change$1,795,000-2.4%$1,018/sqft
        Source: FLKMLS #617675 Report a problem
        2/23/2026Price change$1,839,000-1.9%$1,043/sqft
        Source: Key West AOR #617675 Report a problem
        2/5/2026Price change$1,875,000-3.3%$1,063/sqft
        Source: Key West AOR #617675 Report a problem
        12/11/2025Listed for sale$1,939,000+20.4%$1,099/sqft
        Source: Key West AOR #617675 Report a problem
        3/27/2023Sold$1,610,000-7.7%$913/sqft
        Source: Key West AOR #602749 Report a problem
        3/4/2023Pending sale$1,745,000$989/sqft
        Source: FLKMLS #602749 Report a problem
        2/11/2023Contingent$1,745,000$989/sqft
        Source: FLKMLS #602749 Report a problem
        2/3/2023Price change$1,745,000-2.8%$989/sqft
        Source: FLKMLS #602749 Report a problem
        12/29/2022Price change$1,795,000-5.3%$1,018/sqft
        Source: FLKMLS #602749 Report a problem
        10/14/2022Listed for sale$1,895,000+379.7%$1,074/sqft
        Source: FLKMLS #602749 Report a problem
        5/15/2017Listing removed$5,500$3/sqft
        Source: Zillow Rental Manager Report a problem
        1/25/2017Listed for rent$5,500$3/sqft
        Source: Zillow Rental Manager Report a problem
        8/9/2002Sold$395,000$224/sqft
        Source: FLKMLS #511882 Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2025$8,681 -22.3%$979,708 -24.7%
        2024$11,169 +108.3%$1,301,737 +109.6%
        2023$5,362 +2.9%$621,118 +3%
        2022$5,213 -3.1%$603,028 +3%
        2021$5,379 +0.5%$585,465 +1.4%
        2020$5,352 $577,382 -4.3%
        2019$5,352 -4.6%$603,425 -1%
        2018$5,611 -3.5%$609,365 +15.9%
        2017$5,814 +8.4%$525,940 -19.3%
        2016$5,363 -9.1%$651,637 +26.9%
        2015$5,900 $513,697

        Find assessor info on the county website

        BuyAbility℠ payment

        Est. payment
        $10,304/mo
        Principal & interest
        $9077
        Property taxes
        $1227
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          Climate risks

          Neighborhood: 33042

          Getting around

          8 / 100
          Car-Dependent
          36 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating

          Local experts in 33042

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