Welcome to 22968 Drake Lane -- a charming canal-front home located on the desirable Cudjoe Key, one of the Lower Keys' wonderful communities. Set on a generous 7,500 SF lot with direct canal access and a private boat lift, this property is a true dream for anglers, divers, and boaters looking to get out on the water in minutes. with quick access to the backcountry flats as well as the open water beyond. Inside, the approximately 1000SF living area feels bright and spacious thanks to high ceilings throughout the main living areas. The updated kitchen, featuring granite countertops and stainless steel appliances, perfect for entertaining or everyday island living. Glass sliders lead from the living area out to a large covered porch, where you'll enjoy a peek-a-boo open bay view -- an ideal spot for morning coffee, evening cocktails, or simply soaking in the classic Florida Keys lifestyle. Downstairs, an oversized garage which holds 2 cars and possibly more offers abundant space for vehicles, boats, kayaks, fishing gear, and all the toys that come with life on the water, plus additional storage to keep everything organized. Located on Cudjoe Key in the heart of the Lower Keys, this home offers a peaceful, laid-back setting while remaining just minutes from the vibrant restaurants, nightlife, and culture of Key West. Enjoy easy access to some of the best fishing, diving, and snorkeling grounds in the world, right from your own backyard. Whether you're searching for a full-time residence, a weekend retreat, or a smart investment in one of the most desirable stretches of the Florida Keys, this canal-front gem checks every box. Boat lift, water access, and some updated finishes at this price point are increasingly rare in the Lower Keys market -- schedule your private showing today before this one is gone! A Bonus, this one has the potential for a partial seller financing to the right Buyer and low insurances.
Fantastic value and coveted boating access with partial Open Water views in desirable Cudjoe Key! Picturesque Cudjoe Bay can be seen from sizeable wrap-around porch and spacious back balcony. Enjoy easy access to Open Water and boating activities from the convenience of your own back yard—this home boasts a generous 65' concrete seawall, fully equipped with boat lift and generous dock space. This charming 2 Bedroom 2 Bathroom home features a large main living space, with tiled common area, high ceilings throughout, gas range and central air conditioning. An expansive 2-car garage provides ample storage and parking. Construction features include metal roofing, Hardie siding, and accordion storm shutters. Proximity to delectable dining options just outside the confines of the quiet, established neighborhood of Cutthroat Harbor Estates. Don't wait on this unique boater's paradise!
FLKMLS #90972
Oct 31, 2001
Sold
$265,000
$276/sq ft
May 18, 2001
Listed
$269,000
$280/sq ft
FLKMLS #507114
Oct 31, 2001
Sold
$265,000
$276/sq ft
May 18, 2001
Listed
$269,000
$280/sq ft
This home has it all, you couldn't ask for a cleaner home and it is almost brand new. Built in 1981 but totally re-done between 1998 to 2001. New roof, new sheetrock throughout, 99.9% new insulation, all new Hardy Board (concrete) siding with heavy felt underneath, new wide stairs, new water heater and new kitchen with appliances and new central air conditioning. Three coats of Benjamin Moor e paint on exterior, interior painted with Sherwin Williams. Tented for termites 1998. Truly a turnkey situation. Cathedral ceilings add a new dimension to the house. The rear-covered deck is the place to enjoy the mornings or evenings. You get a glimpse of the open water to the West. It is a short canal and easy access to Looe Key, the Atlantic Ocean and the Gulf of Mexico.
Public Records
May 6, 1998
Sold
$155,000
$161/sq ft
Public Records
Aug 7, 1996
Sold
$145,000
$151/sq ft
Public Records
Oct 1, 1986
Sold
$88,500
$92/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$6,920 (+12.0%)
2024
$6,179 (+0.6%)
$453,600 + $178,624
$632,224
2023
$6,139 (+84.5%)
$424,800 + $211,026
$635,826
2022
$3,328 (−2.1%)
2021
$3,398 (+0.6%)
2020
$3,379 (+22.9%)
$194,400 + $136,599
$330,999
2019
$2,750 (−12.0%)
$194,400 + $136,599
$330,999
2018
$3,126 (−6.9%)
$212,400 + $83,447
$295,847
2017
$3,359 (−3.1%)
2015
$3,467 (−4.0%)
2014
$3,611
Public record
Public record
Zoning
Beds
2
Baths
2
Stories
2
Lot width
—
Lot depth
—
Lot size
7,500 Sq. Ft.
Year renovated
2000
Finished Sq. Ft.
960
Unfinished Sq. Ft.
—
Total Sq. Ft.
960
Year built
1981
Style
Single Family Residential
County
Monroe County
APN
3366 28 00184170000000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 9, 2026.
IS
III
Improved Subdivision District
The purpose of the IS district is to accommodate the legally vested residential development rights of the owners of lots in subdivisions that were lawfully established and improved prior to the adoption of this LDC. For the purpose of this section, improved lots are those that are served by a dedicated and accepted existing road of porous or nonporous material, that have an approved potable water supply, and that have sufficient uplands to accommodate the proposed use in accordance with the required setbacks. This district is not intended to be used for new land use districts of this classification within the county.
Zone overlays
Tier III Overlay District
Permitted uses
Include but are not limited to:
Housing-Multiple units
Infrastructure
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
Heat Factor
We're working on getting current and accurate heat risk information for this home.
10/10 Wind Factor
99% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Cudjoe Key, FL • 33042
Average low and high temperatures (°F)
74
64
77
67
81
70
83
74
89
80
91
81
92
83
91
81
88
80
85
77
81
72
78
69
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
87/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.2 hrs
6.2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 22968 Drake Ln
$790,892
$29K under list price of $820K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $785K to $985K.