


231 E Shore Drive Unit 1, Key West, FL 33040
- Beds
- 5
- Baths
- 6
- Sqft
- 4,103
- Home type
- Single Family Residence
- Year built
- 2025
- Lot size
- 145,490 sqft
- Price / sqft
- $974
- HOA
- —
- Community
- The Seven Palms - A Key West Oasis
Property 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, 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.
Listing activity
- Days on market
- 176
- Listed
- Aug 6, 2025
- MLS listing updated
- Sep 15, 2026
- Feed last checked
- 1 minute ago
Listed by Stephanie Muzzillo · Serhant
Map
Map location is based on MLS-supplied coordinates. Verify the location before relying on it.
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms
- 5
- Bathrooms
- 6
- Bathrooms (decimal)
- 5.5
- Full bathrooms
- 5
- Half bathrooms
- 1
- Main-level bedrooms
- 1
- Main-level bathrooms
- 1
Rooms & features
- Rooms
- 4
- Interior features
- Built-in Features, Elevator, Entrance Foyer, Pantry, Walk-In Closet(s)
- Flooring
- Wood, Other
- Appliances
- Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer
- Laundry
- Inside, Laundry Closet
- Furnished
- Unfurnished
Heating & cooling
- Heating
- Central, Central Building, Natural Gas, Other
- Cooling
- Ceiling Fan(s), Central Air
Property
Parking
- Garage spaces
- 0
- Carport spaces
- 2
- Carport
- Yes
- Covered spaces
- 2
- Parking features
- Attached Carport, Covered
- Attached garage
- No
Exterior
- Stories
- 2
- Building area
- 6,514 sqft
- Patio & porch
- Porch - Open, Porch, Deck
- Exterior features
- Balcony
- Pool
- Yes
- Pool features
- In Ground
- View
- Ocean
- Waterfront
- Ocean Access
- Waterfront property
- Yes
Lot
- Lot size
- 145,490 sqft
- Lot size (acres)
- 3.34 acres
- Zoning
- SR
Construction
Type & style
- Home type
- Single Family Residence
- Architectural style
- Other
- Year built
- 2025
- New construction
- Yes
Materials
- Construction
- CBS
- Roof
- Metal
- Property condition
- New Construction
- Faces
- East
Utilities & green energy
Utilities
- Sewer
- Public Sewer
- Water
- Public
- Utilities
- Sewer Available, Water Available
Community & HOA
Community
- Subdivision
- The Seven Palms - A Key West Oasis
- MLS area
- 5940 - Other Florida County
- MLS subarea
- Other
- Security
- Smoke Detector(s)
- Pets allowed
- No Restrictions, Yes
- 55+ community
- No
Association
- Has association
- Yes
- Association fee
- $1,391 monthly
- Amenities
- Bike Storage, Boating, Elevator(s), Pickleball Court(s), Street Lights
Lease details
Not reported by the listing source.
Location
Area details
- City
- Key West
- County
- Monroe
- ZIP code
- 33040
Manufactured home details
Not reported by the listing source.
Financial & listing details
Listing
- MLS number
- R11113396
- Possession
- Close Of Escrow
- Original list price
- $4,250,000
- Parcel number
- 00200610000000
- Annual property tax
- $19,902.3
- Tax year
- 2024
- Tax legal description
- LT 17 SUMMERLAND ESTATES SUMMERLAND KEY PB2-167 OR365-904 OR367-388 OR774-400 OR774-1530 OR2018-597 OR2071-1193 OR2071-1
Additional MLS details
Reported by the listing source
- Association Amenities
- Bike Storage, Boating, Elevator(s), Pickleball Court(s), Street Lights
- Association Fee Frequency
- Monthly
- Association
- Yes
- Bathrooms Total Decimal
- 5.5
- Bathrooms Total Integer
- 6
- Building Area Total
- 6514
- Construction Materials
- CBS
- County Or Parish
- Monroe
- Days On Market
- 176
- Direction Faces
- East
- Elementary School
- Sugarloaf
- High School
- Key West
- Laundry Features
- Inside, Laundry Closet
- List Price
- 3995900
- Living Area
- 4103
- Lot Size Acres
- 3.34
- Lot Size Area
- 145700
- MLSArea Major
- 5940 - Other Florida County
- MLSArea Minor
- Other
- Main Level Bathrooms
- 1
- Main Level Bedrooms
- 1
- Middle Or Junior School
- Sugarloaf
- Mls Status
- Pending
- On Market Date
- 2025-08-06
- Patio And Porch Features
- Porch - Open, Porch, Deck
- Postal Code
- 33040
- Price Change Timestamp
- 2026-01-27T17:04:19Z
- Property Sub Type
- Single Family Residence
- Property Type
- Residential
- Rooms Total
- 4
- Security Features
- Smoke Detector(s)
- Senior Community
- No
- Standard Status
- Pending
- State Or Province
- FL
- Status Change Timestamp
- 2026-01-29T16:32:34Z
- Stories Total
- 2
- Subdivision Name
- The Seven Palms - A Key West Oasis
- Water Source
- Public
- Waterfront Features
- Ocean Access
- Tax Annual Amount
- 19902.3
- Bathrooms Full
- 5
- Pool Private
- Yes
- Bedrooms Total
- 5
- Bathrooms Half
- 1
Market value
Price history
| Date | Event | Price |
|---|---|---|
| Aug 6, 2025 | ListedBeachesMLS | $4,250,000$1,036/sqft |
| Jan 27, 2026 | Price reducedBeachesMLS | $3,995,900$974/sqft |
Public tax history
| Year | Property taxes | Assessment |
|---|---|---|
| 2024 | $19,902 | — |
Payment calculator
- Principal & interest
- $20,734
- Property taxes
- $1,659
- Insurance
- $1,998
- Association dues
- —
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Neighborhood
Area
The Seven Palms - A Key West OasisKey West · Monroe County · 33040
Climate risk
—No licensed climate-risk source is connected.
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