231 E Shore Drive 1, Key West, FL 33040
$4,250,000
Property Type:
Residential
Bedrooms:
5
Baths:
5.1
Square Footage:
4,103
Status:
Active
Current Price:
$4,250,000
Last Modified:
12/16/2025
Description
Introducing Seven Palms Cove, a one-of-a-kind new construction community that redefines luxury island living. With only seven exclusive residences available—each starting at $4 million—this private enclave offers a rare opportunity to own a slice of paradise just minutes from the heart of Key West.
Each state-of-the-art home spans over 4,000 square feet and features 5 spacious bedrooms, 5.5 elegantly designed bathrooms, open balconies, and your own private rooftop terrace with sweeping water views. Built with impact glass throughout and outfitted with top-of-the-line appliances and finishes, these homes offer modern sophistication at every turn. Step outside to your own sparkling infinity-edge pool positioned right on the water,
Supplements: and enjoy direct access to the sea from your assigned dock space in a private boat basinperfect for boating enthusiasts. This gated, oceanfront community is ideally located just a block from a private airport that accommodates small aircraft, adding a level of convenience few properties can match. You'll also enjoy resort-style amenities, including on-site pickleball courts and a serene waterfront atmosphereall while being just a short drive to the shops, restaurants, and attractions of Key West. For investors, Seven Palms Cove is an absolute dream. There are no rental restrictions, and similar properties just across the street are bringing in over $300,000 in annual income. Whether you're looking for a luxury vacation home or a high-performing investment property with incredible short-term rental potential, this community offers unmatched flexibility and return potential. Whether you're searching for a forever home, a tropical getaway, or a high-yield asset in the Keys, Seven Palms Cove delivers the perfect blend of comfort, exclusivity, and opportunity. Call us today for pricing details and to schedule your private tour of this exceptional waterfront retreat.
More Information MLS# RX-11113396
Contract Information
Auction: No
List Price/SqFt: 1035.83
Listing Date: 2025-08-06
Status: Active
Original List Price: 4250000
List Price: $4,250,000
Current Price: $4,250,000
General Property Description
Governing Bodies: None
Main Level Bedrooms: 1
Main Level Bathrooms: 1
Property Condition: New Construction
Community Development District: No
SqFt - Total: 6514
Waterfront: Yes
SqFt Source: Floor Plan
Waterfrontage: 120
Guest House: No
Gated Community: Yes
Covered Spaces: 2
Development Name: The Seven Palms - A Key West Oasis
Homeowners Assoc: Mandatory
Pets Allowed: Yes
Pets on Premises: No
Front Exp: East
HOA/POA/COA (Monthly): 1100
Application Fee: 200
Association Deposit: No
Directions: Turn Oceanside onto E Shore Dr (SR-942) at Mile Marker 25. The destination is ahead on the left.
Membership Fee Required: No
Ttl Units in Complex: 7
Private Pool: Yes
Type: Single Family Detached
Total Bedrooms: 5
Baths - Full: 5
Baths - Half: 1
Baths - Total: 5.1
Year Built: 2025
SqFt - Living: 4103
Subdivision: The Seven Palms - A Key West Oasis
Legal Desc: LT 17 SUMMERLAND ESTATES SUMMERLAND KEY PB2-167 OR365-904 OR367-388 OR774-400 OR774-1530 OR2018-597 OR2071-1193 OR2071-1
Lot SqFt: 145700
Total Floors/Stories: 2
Location, Tax & Legal
Geo Area: Other Geographic Area
Country: United States
State/Province: FL
HOPA: No Hopa
Short Sale: No
Tax Year: 2024
Zoning: SR
Short Sale A/U: N/A
Short Sale Addendum: No
Taxes: 19902.3
Special Assessment: No
REO: No
Area: 5940
County: Monroe
Parcel ID: 00200610000000
Street #: 231
Street Dir: E
Street Name: Shore
Street Suffix: Drive
Unit #: 1
Zip Code: 33040
Geo Lat: 24.622591
Geo Lon: -81.592659
Office/Member Info
DXORIGMLNO: RX-11113396
DXORIGMLSID: RML
Lease Info
Min Days to Lease: 1
Lease Times p/Year: 365
Design
Other Arch: 1
Construction
CBS: 1
Master Bedroom/Bath
Dual Sinks: 1
Mstr Bdrm - Upstairs: 1
Spa Tub & Shower: 1
View
Ocean: 1
Rooms
Laundry-Inside: 1
Laundry-Util/Closet: 1
Waterfront Details
Ocean Access: 1
Lot Description
2 to < 3 Acres: 1
4 to < 5 Acres: 1
Equip/Appl Included
Dishwasher: 1
Disposal: 1
Dryer: 1
Microwave: 1
Refrigerator: 1
Smoke Detector: 1
Washer: 1
Private Pool Description
Inground: 1
Pool Size (W x L): 8'12
Cooling
Ceiling Fan: 1
Central: 1
Heating
Central: 1
Central Building: 1
Gas: 1
Other: 1
Exterior Features
Deck: 1
Open Balcony: 1
Open Porch: 1
Furnished
Furniture Negotiable: 1
Unfurnished: 1
Interior Features
Built-in Shelves: 1
Elevator: 1
Foyer: 1
Pantry: 1
Walk-in Closet: 1
Flooring
Tile: 1
Wood Floor: 1
Other: 1
Utilities
Public Sewer: 1
Public Water: 1
Parking
Carport - Attached: 1
Covered: 1
Driveway: 1
Pet Restrictions
No Restrictions: 1
Restrict
Lease OK: 1
Roof
Metal: 1
Subdiv. Amenities
Bike Storage: 1
Boating: 1
Elevator: 1
Pickleball: 1
Street Lights: 1
Terms Considered
Cash: 1
Conventional: 1
Possession
At Closing: 1
Storm Protection
Impact Glass: Complete
Taxes
City/County: 1
Property Features
Design: Other Arch
Construction: CBS
View: Ocean
Waterfront Details: Ocean Access
Private Pool Description: Inground
Lot Description: 2 to < 3 Acres; 4 to < 5 Acres
Exterior Features: Deck; Open Balcony; Open Porch
Interior Features: Built-in Shelves; Elevator; Foyer; Pantry; Walk-in Closet
Furnished: Furniture Negotiable; Unfurnished
Rooms: Laundry-Inside; Laundry-Util/Closet
Parking: Carport - Attached; Covered; Driveway
Pet Restrictions: No Restrictions
Restrict: Lease OK
Flooring: Tile; Wood Floor; Other
Heating: Central; Central Building; Gas; Other
Cooling: Ceiling Fan; Central
Roof: Metal
Terms Considered: Cash; Conventional
Utilities: Public Sewer; Public Water
Taxes: City/County
Possession: At Closing
Room Information
Living Room
Length: 19.00
Width: 19.00
Length: 19.00
Level: Lower
Width: 19.00
Kitchen
Length: 15.00
Width: 14.00
Length: 15.00
Level: Lower
Width: 14.00
Master Bedroom
Length: 16.00
Width: 16.00
Length: 16.00
Level: Second
Width: 16.00
Listing Office: Serhant
Last Updated: December - 16 - 2025
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