Under contract-accepting backup offers. Located on Key Royale in Holmes Beach, this 2-bedroom, 2-bath canal-front home presents a rare opportunity to create your dream waterfront retreat on Anna Maria Island. Situated on desirable Key Royale Drive, the property offers deep-water canal frontage with direct boating access to Tampa Bay and the Gulf of Mexico. The home sustained hurricane damage and has been professionally remediated, providing a clean slate for renovation and customization. Whether you choose to restore the existing residence or reimagine the property entirely, the value lies in the exceptional location, waterfront lifestyle, and highly sought-after Key Royale community. The property features a spacious layout, private dock potential, and peaceful canal views, all within minutes of the beaches, shopping, dining, and the Key Royale Club golf course. With limited canal-front inventory available on Anna Maria Island, this property is an outstanding opportunity for investors, builders, or buyers looking to design a custom island getaway in one of the area's premier boating neighborhoods.