Waterfront
Address
231 E Shore Drive # Unit 3, Key West, FL
Price
$ 4,375,000
Property Attributes
- MLS#RX-11113457
- TypeSingle Family
- Listing Status Active
- CountyMONROE
- CityKey West
- Area5940
- NeighborhoodThe Seven Palms - A Key West Oasis
- Zip33040
- StyleArch
- Year Built2025
- Taxes$ 19000
- Price$ 4,375,000
- Bedrooms5
- Full Bathrooms5
- Half Bathrooms1
- Sqr Footage4103
- Lot Size3.34481 Acres
Data Source:
Beaches MLS
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.
| Price History | |
|---|---|
| 8/6/2025 | Listed $4,125,000 |
General Features
| Construction | CBS |
|---|---|
| Heating | Central,Central Building,Gas,Other |
| Cooling | Ceiling Fan,Central |
| Utilities | Public Sewer,Public Water |
| Possession | At Closing |
| Roof | Metal |
| Parking | Carport - Attached,Covered,Driveway |
| Pets Allowed | Yes |
| Zoning | SR |
| HOA | Mandatory |
| Number of Garage Spaces | 0.00 |
| Status | Active |
| Full Baths | 5 |
| Half Baths | 1 |
| Year Built | 2025 |
| REO | No |
| Subdivision | The Seven Palms - A Key West Oasis |
| View | Ocean |
| Type | Single Family Detached |
| Rooms | Laundry-Inside,Laundry-Util/Closet |
| Property Type | A |
| Area | 5940 |
| Application Fee | 200.00 |
| Unit Number | Unit 3 |
| Auction | No |
| Development Name | The Seven Palms - A Key West Oasis |
| Tax Year | 2024 |
| Terms Considered | Cash,Conventional |
| Carport Spaces | 2.00 |
| Gated Community | Yes |
| Short Sale | No |
| Restrict | Lease OK |
| Water Frontage | 120 |
| Taxes | 19000.00 |
| Geo Lat | 24.658852 |
| Adult 55+ | No Hopa |
| HOA/POA/COA (Monthly) | 1391.00 |
| Governing Bodies | HOA |
| Membership Fee Required | No |
| Virtual Tour | https://www.propertypanorama.com/231-E-Shore-Drive-Unit-3-Key-West-FL-33040/unbranded |
| Geo Area | Other Geographic Area |
| Geo Lon | -81.437474 |
| Legal Description | LT 17 SUMMERLAND ESTATES SUMMERLAND KEY PB2-167 OR365-904 OR367-388 OR774-400 OR774-1530 OR2018-597 OR2071-1193 OR20711 |
Interior Features
| Interior Amenities | Built-in Shelves,Elevator,Foyer,Pantry,Walk-in Closet |
|---|---|
| Flooring | Other,Tile,Wood Floor |
| Furnished Y/N | Furniture Negotiable,Unfurnished |
| Total Bedrooms | 5 |
| Master Bedroom/Bath | Dual Sinks,Mstr Bdrm - Upstairs,Spa Tub & Shower |
| Total Bathrooms | 5.10 |
| SqFt - Living | 4103.00 |
| Total Floors/Stories | 2.00 |
| Equip/Appl Included | Dishwasher,Disposal,Dryer,Microwave,Refrigerator,Smoke Detector,Washer |
Exterior Features
| Lot Description | 2 to < 3 Acres,4 to < 5 Acres |
|---|---|
| Exterior Amenities | Deck,Open Balcony,Open Porch |
| Waterfront | Yes |
| Waterfront | Ocean Access |
| Design | Other Arch |
| Guest House | No |
| Private Pool Y/N | Yes |
| Subdiv. Amenities | Bike Storage,Boating,Elevator,Pickleball,Street Lights |
| Storm Protection: Impact Glass | Complete |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 33040
Price
Taxes
Year Built
Visits
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Data Last Updated: September 25, 2026 11:39 PM UTC
Beaches MLS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
