Waterfront - New Construction
Address
231 E Shore Drive Unit 1, Key West, FL
Price
$ 3,995,900
Property Attributes
- MLS#R11113396
- TypeSingle Family
- Listing Status Pending
- CountyMonroe
- CityKey West
- Area5940 - Other Florida County
- NeighborhoodThe Seven Palms - A Key West Oasis
- Zip33040
- Style
- Year Built2025
- Taxes$ 19902
- Price$ 3,995,900
- Bedrooms5
- Full Bathrooms5
- Half Bathrooms1
- Sqr Footage4103
- Lot Size3.34 Acres
Data Source:
Beaches MLS (FL)
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.
| Elementary School | Middle School | High School |
|---|---|---|
| Sugarloaf Elementary School | Sugarloaf Middle School | Key West High School |
| Price History | |
|---|---|
| 1/15/2026 | Listed $4,250,000 |
| 1/27/2026 | 6$3,995,900 |
General Features
| Membership Required | false |
|---|---|
| Sewer | Public Sewer |
| Heating | Central,Natural Gas,Other |
| Cooling | Central Air,Ceiling Fan(s) |
| Utilities | Sewer Available,Water Available |
| Possession | Close Of Escrow |
| Roof | Metal |
| Appliances | Dryer,Dishwasher,Disposal,Microwave,Refrigerator,Washer |
| HOA Fee | 1391 |
| Patio/Porch Features | Deck,Open,Porch,Balcony |
| Architectural Style | Other |
| Pool Features | In Ground |
| Security Features | Gated Community,Smoke Detector(s) |
| Construction Materials | Block |
| Pets Allowed | No Pet Restrictions,Yes |
| Year Built | 2025 |
| View | Ocean |
| Stories Count | 2 |
| Levels | Two |
| Unit Number | Unit 1 |
| Property Subtype | Single Family Residence |
| Tax Year | 2024 |
| Waterfront Features | Ocean Access |
| Community Features | Boat Facilities,Gated,Street Lights |
| Community Type | Gated Community |
| Assoc Fee Paid Per | Monthly |
| County | Monroe |
| New Construction | true |
| Property Type | Residential |
| Association Amenities | Bike Storage,Boating,Elevator(s),Pickleball |
| Contingency | None |
| Subdivision Name | The Seven Palms - A Key West Oasis |
| Facing Direction | East |
| Garage Y/N | false |
| Full Baths | 5 |
| Status | Pending |
| Directions | Turn Oceanside onto E Shore Dr (SR-942) at Mile Marker 25. The destination is ahead on the left. |
| High School | Key West |
| City | Key West |
| Senior Community Y/N | false |
| MLS Area | 5940 - Other Florida County |
| Carport Spaces | 2 |
| Carport Y/N | true |
| Elementary School | Sugarloaf |
| Tax Annual Amount | 19902.3 |
| Middle/Junior High School | Sugarloaf |
| Property Condition | New Construction |
| MLS Area Minor | Other |
| Virtual Tour | https://www.propertypanorama.com/231-E-Shore-Drive-1-Key-West-FL-33040/unbranded |
| Standard Status | Pending |
| Property Sub Type Additional | Single Family Residence |
| PostalCity | Key West |
| Legal Description | LT 17 SUMMERLAND ESTATES SUMMERLAND KEY PB2-167 OR365-904 OR367-388 OR774-400 OR774-1530 OR2018-597 OR2071-1193 OR2071-1 |
Interior Features
| Interior Amenities | Built-in Features,Dual Sinks,Entrance Foyer,Elevator,Pantry,Tub Shower,Upper Level Primary,Walk-In Closet(s) |
|---|---|
| Flooring | Other,Wood |
| Furnished Y/N | Unfurnished |
| Total Stories | 2 |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Half Baths | 1 |
| Laundry Features | Inside,Laundry Closet |
| Total Bedrooms | 5 |
| Main Level Bedrooms | 1 |
| Main Level Bathrooms | 1 |
| Total Baths | 6 |
Exterior Features
| Exterior Amenities | Balcony,Outdoor Living Area |
|---|---|
| Parking Features | Attached Carport,Covered |
| Lot Features | 2-3 Acres |
| Water Source | Public |
| Lot Size Area | 145700 |
| Building Area Total | 6514 |
| Lot Size Acres | 3.34 |
| Waterfront Y/N | true |
| Covered Spaces | 2 |
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
Copyright Southeast Florida Multiple Listing Service © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited, is a violation of the terms of use, and may violate federal and state law.
Data Last Updated: September 14, 2026 4:01 PM UTC
Information is deemed to be reliable, but is not guaranteed. © 2026 MLS and FBS. Prepared by Florida Keys MLS, Inc. on September 14, 2026 3:54 PM UTC The information on this sheet has been made available by the MLS and may not be the listing of the provider. The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information
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. The data relating
