ActiveMLS® R11113452
$4,250,000
231 E Shore Drive Unit 2, Summerland Key, FL 33040
- Beds
- 5
- Baths
- 6
- Sqft
- 4,103
- Home type
- Single Family Residence
- Year built
- 2025
- Lot size
- 145,490 sqft
- Price / sqft
- $1,036
- HOA
- $1,391/mo
- Community
- The Seven Palms - A Key West Oasis
Property description
Welcome home to an exceptional new-construction residence in a private, gated community offering resort-style amenities, a boat slip and nightly rental opportunities. Conveniently located next to Summerland Key Airport, this fully upgraded home features a private elevator, a stunning infinity pool overlooking the water and an expansive rooftop deck perfect for enjoying breathtaking Florida Keys sunsets. Only have two homes remaining.
Listing activity
- Days on market
- 404
- Listed
- Aug 6, 2025
- MLS listing updated
- Sep 14, 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
- Carport spaces
- 2
- Carport
- Yes
- Covered spaces
- 2
- Parking features
- Attached Carport, 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
- Structure type
- House
- 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
- Estimated monthly dues
- $1,391
- Amenities
- Bike Storage, Boating, Elevator(s), Pickleball Court(s), Street Lights
Lease details
Not reported by the listing source.
Location
Area details
- City
- Summerland Key
- County
- Monroe
- ZIP code
- 33040
Manufactured home details
Not reported by the listing source.
Financial & listing details
Listing
- MLS number
- R11113452
- Possession
- Close Of Escrow
- Original list price
- $40,000,000
- Parcel number
- 00200610000000
- Annual property tax
- $19,000
- 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
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
- 404
- Direction Faces
- East
- Elementary School
- Sugarloaf
- High School
- Key West
- Laundry Features
- Inside, Laundry Closet
- List Price
- 4250000
- 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
- Active
- On Market Date
- 2025-08-06
- Patio And Porch Features
- Porch - Open, Porch, Deck
- Postal Code
- 33040
- Price Change Timestamp
- 2026-01-27T17:02:00Z
- Property Sub Type
- Single Family Residence
- Property Type
- Residential
- Rooms Total
- 4
- Security Features
- Smoke Detector(s)
- Senior Community
- No
- Standard Status
- Active
- State Or Province
- FL
- Status Change Timestamp
- 2025-08-06T16:58:24Z
- Stories Total
- 2
- Subdivision Name
- The Seven Palms - A Key West Oasis
- Water Source
- Public
- Waterfront Features
- Ocean Access
- Tax Annual Amount
- 19000
- Bathrooms Full
- 5
- Pool Private
- Yes
- Bedrooms Total
- 5
- Bathrooms Half
- 1
- Financial Information: Estimated Monthly Assoc Recurring Fee
- 1391
Market value
Price history
| Date | Event | Price |
|---|---|---|
| Aug 6, 2025 | ListedBeachesMLS | $40,000,000$9,749/sqft |
| Jan 27, 2026 | Price reducedBeachesMLS | $4,250,000$1,036/sqft |
Public tax history
| Year | Property taxes | Assessment |
|---|---|---|
| 2024 | $19,000 | — |
Payment calculator
Estimated monthly payment$27,152/moIllustrative estimate, not a loan offer.
- Principal & interest
- $22,052
- Property taxes
- $1,583
- Insurance
- $2,125
- Association dues
- $1,391
Live national rate context is displayed below through Mortgage News Daily’s official widget. The calculator rate remains a separate assumption until licensed machine-readable access is connected. This is not a loan offer.
Neighborhood
Area
The Seven Palms - A Key West OasisSummerland Key · Monroe County · 33040
Climate risk
—No licensed climate-risk source is connected.
Nearby schools
SugarloafElementary
—SugarloafMiddle
—Key WestHigh
—Nearby homes
12 homes
$4,375,0005 bd · 6 ba · 4,103 sqft231 E Shore Drive Unit 4, Key West, FL 33040
$4,375,0005 bd · 6 ba · 4,103 sqft231 E Shore Drive Unit 6, Key West, FL 33040
$3,995,9005 bd · 6 ba · 4,103 sqft231 E Shore Drive Unit 1, Key West, FL 33040
$1,450,000— bd · 0 ba · — sqft00000 Lagoon Drive, Sugarloaf Key, FL 33042
MIAMI REALTORS® MLS$205,000— bd · 0 ba · — sqft27334 Saint Lucie Lane, Big Pine Key, FL 33042
MIAMI REALTORS® MLS$375,000— bd · 0 ba · — sqft27378 Jamaica Lane, FL 33042
$1,269,0002 bd · 2 ba · 1,100 sqft116 Spanish Main Drive, Cudjoe Key, FL 33042
$1,349,0003 bd · 2 ba · 1,270 sqft23057 Bluegill Lane, Cudjoe Key, FL 33042
$590,0003 bd · 2 ba · 1,560 sqft22920 Privateer Drive, Cudjoe Key, FL 33042
MIAMI REALTORS® MLS$550,000— bd · 0 ba · — sqft193 Galleon Lane, FL 33042
MIAMI REALTORS® MLS$1,725,0004 bd · 4 ba · 2,440 sqft22542 Jolly Roger, FL 33042
$500,0002 bd · 2 ba · 960 sqft27910 Porgie Path, Little Torch Key, FL 33042
Similar homes
12 homes$4,375,0005 bd · 6 ba · 4,103 sqft231 E Shore Drive Unit 4, Key West, FL 33040
$4,375,0005 bd · 6 ba · 4,103 sqft231 E Shore Drive Unit 6, Key West, FL 33040
MIAMI REALTORS® MLS$4,490,0005 bd · 5 ba · 3,826 sqft865 50th Street Gulf, Marathon, FL 33050
MIAMI REALTORS® MLS$4,500,0004 bd · 6 ba · — sqft155 Palo De Oro Drive, Islamorada, FL 33036
$4,500,0004 bd · 4 ba · 3,001 sqft75761 Overseas Highway, Islamorada, FL 33036
$3,999,9992 bd · 2 ba · 928 sqft77340 Overseas Highway, Islamorada, FL 33036
$3,995,9005 bd · 6 ba · 4,103 sqft231 E Shore Drive Unit 1, Key West, FL 33040
$3,899,9995 bd · 4 ba · 2,848 sqft475 BAHIA HONDA Road, Key Largo, FL 33037
MIAMI REALTORS® MLS$3,850,0004 bd · 4 ba · 2,596 sqft74049 Overseas Highway, Islamorada, FL 33036
$4,650,0003 bd · 3 ba · 4,687 sqft3742 Seagrape Street, Big Pine Key, FL 33043
$3,800,0005 bd · 5 ba · 3,773 sqft141 Grassy Road, Key Largo, FL 33037
$3,750,0004 bd · 4 ba · 2,409 sqft17387 Dolphin Street E, Sugarloaf Key, FL 33042