Home in 231 E Shore Drive Unit 6, Key West, FL 33040 for sale with MLS# R11113482

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.

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231 E Shore Drive Unit 6, Key West, FL 33040

Price
Price:
$4,375,000.00
Original List Price:
$4,250,000.00
List Price per Sq Ft (Calculated, Approx.):
$1,066.29
Property Status and Type
Listing Type:
For Sale
Status:
Active
Listing Category:
Residential
Property Type:
Single Family House
Description of Last Important Update:
Price Change
Last Major Update on:
January 27, 2026 4:53 pm
Rooms Distribution
Bedrooms:
5
Bathrooms Total:
6
Full Bath:
5
Half Bath:
1
Room Type:
Laundry, Kitchen, Living Room, Master Bedroom
Rooms Total:
4
Master Bedroom Bath:
Master Bdrm - Upstairs, Dual Sinks, Spa Tub & Shower
Measures
Living Area:
4,103 Sqft
Built-Up Area:
6,514 Sqft
Lot Area:
145,490.40 Sqft
Building Area Source:
Plans
Lot Size Acres:
3.34
Property Features
View from the Property:
Ocean
Waterfront:
Yes
Waterfront Features:
Ocean Access
Private Pool
Swimming Pool Features:
In Ground
Spa
Spa Features:
Heated, In Ground
Security:
Smoke Detector(s)
Furnished:
Unfurnished
Appliances:
Dryer, Dishwasher, Disposal, Microwave, Refrigerator, Washer
Interior:
Pantry, Walk-In Closet(s), Entrance Foyer, Built-in Features, Elevator
Exterior:
Balcony
Patio and Porch:
Deck, Porch, Porch - Open
Laundry:
Inside, Laundry Closet
Air Conditioning
Air Conditioning System:
Central Air, Ceiling Fan(s)
Heating
Heating System:
Central, Other, Natural Gas, Natural Gas, Central Building
Property Entrance Faces:
East
Balcony Details:
Balcony - Open
Storm Protection Impact Glass:
Complete
Construction
Year Built:
2025
Roof:
Metal
Year Roof Installed:
2025
Architectural Style:
Other
Levels:
Two
Construction Materials:
CBS
Flooring:
Wood, Other
Number of stories:
2
Number of Units in the Community or Building:
7
Stories:
2
Property Condition:
New Construction
Taxes and Expenses
Tax Annual Amount:
$19,902.3
Tax Year:
2024
Association Fee:
$1,391.00
Association Fee Frequency:
Monthly
Property Tax Details:
City/County
Parking
Garage Spaces:
0
Carport Spaces:
2
Covered Spaces:
2
Parking Features:
Covered, Attached Carport
Carport
Utilities
Sewer:
Public Sewer
Utilities Available:
Sewer Available, Water Available
Water Source:
Public
Community
Association
Association Membership:
Mandatory
Capital Contributions Required
Capital Contributions Amount:
$16,000.00
Application Required
Application Fee:
$200.00
Association Type:
Homeowner Association
Pets Allowed?:
Yes, No Restrictions
Lease Number Times per Year Allowed:
365
Amenities Provided by the Homeowner's Association (HOA):
Bike Storage, Elevator(s), Pickleball Court(s), Boating, Street Lights
Subdivision Name:
SUMMERLAND ESTATES
Senior Community:
No
Development Name:
The Seven Palms - A Key West Oasis
Restrictions:
Lease Ok
Minimum Days per Lease:
1
Terms
Listing Terms Considered by Seller:
Cash, Conventional
Buyer Possession:
Close Of Escrow
Zoning and Legal
Tax Legal Description:
LT 17 SUMMERLAND ESTATES SUMMERLAND KEY PB2-167 OR365-904 OR367-388 OR774-400 OR774-1530 OR2018-597 OR2071-1193 OR2071-
Real Estate Folio Number (Parcel Number):
00200610000000
Zoning:
SR
Public Schools Assigned
Elementary School:
Chestnut Elem
High School:
Key West
Middle Or Junior School:
Sugarloaf
Listing History
Active on the market since:
August 6, 2025
Listing Agreement executed on:
August 6, 2025
Price change occurred on:
January 27, 2026 4:53 pm
Listing Status Last Changed On:
August 6, 2025 5:38 pm
Photos updated on:
November 17, 2025 11:34 pm
Last Modified:
April 13, 2026 3:46 pm
Additional Information
Courtesy of:
Serhant
Attribution:
Not provided
Location
Street Name:
Shore
Street Number:
231
Unit Number:
Unit 6
City:
Key West
State:
Florida
Zip Code:
33040
County:
Monroe
Latitude:
N24° 37' 24.3''
Longitude:
W82° 24' 25.6''
Street Suffix:
Drive
Street Direction Prefix:
E
Property Map

Neighborhood Stats

Source: U.S. Census Bureau, ACS 5-Year Estimates

Median Household Income $79,038
Median Home Value $766,400
Median Rent $2,079/mo
Median Age 44
Population 36,091

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This listing can also be located in the MLS system as RX-11113482
Association of REALTORS®
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