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231 E Shore Drive, Key West, Florida 33040

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Active For Sale
$32,000,000
  • Beds 5
  • Baths 6
  • Sq Ft 6,514 Sqft
  • Visits: 4 in 71 days

Description

Introducing Seven Palms Cove, a rare new construction oceanfront community in the Florida Keys that combines luxury living with unmatched investment potential. With only seven residences available–each spanning over 4,000 sq. ft. with 5 bedrooms, 5.5 baths, private infinity pools, rooftop decks, and assigned dockage–this gated enclave offers turn-key short-term rental flexibility. Unlike most communities in the Keys, there are no rental restrictions, making it possible to operate each home as a high-yield Airbnb or combine all seven into a boutique hospitality portfolio complete with shared resort-style amenities: a private boat basin, sport courts, pickleball, hammocks, and paddleboard launches.

Features

  • Swimming Pool: Pool
  • Heating System: Central, Gas, Other
  • Cooling System: Central Air, Ceiling Fan(s)
  • Pet Policy: Yes
  • Security: Smoke Detector(s)
  • Patio: Balcony, Deck, Open, Porch
  • Parking: Driveway, Covered, Attached Carport
  • Furnished: Negotiable

Appliances

  • Appliances: Dryer, Dishwasher, Microwave, Refrigerator, Washer, Disposal

Address Map

  • Country: US
  • State: FL
  • County: Monroe
  • City: Key West
  • Subdivision: SUMMERLAND ESTATES
  • Zipcode: 33040
  • Street: Shore Drive
  • Street Number: 231
  • Floor Number: 0
  • Longitude: W82° 33' 44.2''
  • Latitude: N24° 39' 27.7''
  • Directions: Turn Oceanside onto E Shore Dr (SR-942) at Mile Marker 25. The destination is ahead on the left.
  • Street Dir Prefix: E
  • MLS Area: 5940

MLS Addon

  • Association Amenities: Fitness Center, Bike Storage, Pickleball
  • Association Fee: $1,100
  • Association Fee Frequency: Monthly
  • Close Price: $0
  • Community Features: Gated, Street Lights, Boat Facilities, Pickleball
  • Exterior Features: Balcony, Deck, Porch
  • Flooring: Tile, Wood, Other, Hardwood
  • Frontage Type: Waterfront
  • Insurance Expense: $0
  • Interior Features: Dual Sinks, Entrance Foyer, Elevator, Walk-in Closet(s), Built-in Features, Pantry
  • Listing Terms: Cash, Conventional
  • Lot Size Dimensions: 2 to < 3 Acres,4 to < 5
  • New Taxes Expense: $0
  • Stories Total: 2
  • Tax Annual Amount: $19,902
  • Tax Year: 2024
  • Utilities: Sewer Available, Water Available
  • Water Front Features: Ocean Access

Location

Listing Updated: 2025-12-01 15:05:47

  • Property Type : Single Family
  • Property Sub Type : Single Family Residence
  • Listing Type : For Sale
  • Listing ID : R11130582
  • Price : $32,000,000
  • View : Ocean
  • Bedrooms : 5
  • Bathrooms : 6
  • Full Bathrooms : 5
  • Half Bathrooms : 1
  • Square Footage : 6,514 Sqft
  • Year Built : 2025
  • Lot Area : 0 Acre
  • Listing Status : Active
  • Days On Market : 70
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