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231 E Shore Drive Unit Unit 1, Key West, Florida 33040

Pending
$3,995,900
  • Beds 5
  • Baths 6
  • Sq Ft 4,103 Sqft
  • Visits: 3 in 276 days

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.rnrnEach 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.nnThis 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.nnFor 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.nnWhether 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.nnCall us today for pricing details and to schedule your private tour of this exceptional waterfront retreat.

Features

  • Swimming Pool: In Ground
  • Heating System: Central, Other, Natural Gas
  • Cooling System: Central Air, Ceiling Fan(s)
  • Patio: Balcony, Deck, Open, Porch
  • Parking: Covered, Attached Carport

Appliances

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

Address Map

  • Country: US
  • State: FL
  • County: Monroe
  • City: Key West
  • Subdivision: The Seven Palms - A Key West Oasis
  • Zipcode: 33040
  • Street: Shore
  • Street Number: 231
  • Street Suffix: Drive
  • Floor Number: 0
  • Longitude: W82° 24' 26.4''
  • Latitude: N24° 37' 21.3''
  • UnitNumber: Unit 1
  • 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 - Other Florida County

MLS Addon

  • Architectural Style: Other
  • Association Amenities: Elevator(s), Bike Storage, Pickleball, Boating
  • Association Fee: $1,391
  • Association Fee Frequency: Monthly
  • Carport Spaces: 01/01/1970
  • Close Price: $0
  • Elementary School: Sugarloaf
  • Exterior Features: Balcony, Outdoor Living Area
  • Flooring: Wood, Other
  • High School: Key West
  • Insurance Expense: $0
  • Interior Features: Dual Sinks, Upper Level Primary, Entrance Foyer, Elevator, Walk-In Closet(s), Built-in Features, Pantry, Tub Shower
  • Laundry Features: Inside, Laundry Closet
  • Levels: Two
  • Lot Features: 2-3 Acres
  • Middle Or Junior School: Sugarloaf
  • New Taxes Expense: $0
  • Stories: 2
  • Stories Total: 2
  • Tax Annual Amount: $19,902
  • Utilities: Sewer Available, Water Available
  • Zoning: SR

Location

Listing Updated: 2026-05-07 14:20:38

  • Property Type : Single Family
  • Property Sub Type : Single Family Residence
  • Listing Type : For Sale
  • Listing ID : R11113396
  • Price : $3,995,900
  • View : Canal
  • Bedrooms : 5
  • Bathrooms : 6
  • Full Bathrooms : 5
  • Half Bathrooms : 1
  • Square Footage : 4,103 Sqft
  • Year Built : 2025
  • Lot Area : 3.34 Acre
  • Listing Status : Pending
  • Days On Market : 176
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