Waterfront - New Construction
Address
231 E Shore Drive Unit 4, Key West, FL
Price
$ 4,375,000
Property Attributes
  • MLS#R11113466
  • TypeSingle Family
  • Listing Status Pending
  • CountyMonroe
  • CityKey West
  • Area5940 - Other Florida County
  • NeighborhoodThe Seven Palms - A Key West Oasis
  • Zip33040
  • Style
  • Year Built2025
  • Taxes$ 19000
  • Price$ 4,375,000
  • 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 $4,000,000
1/27/2026 9$4,375,000

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 4
Property Subtype Single Family Residence
Tax Year 2024
Waterfront Features Ocean Access
Community Features Home Owners Association,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
Spa Features Heated,In Ground
Elementary School Sugarloaf
Tax Annual Amount 19000
Middle/Junior High School Sugarloaf
Property Condition New Construction
MLS Area Minor Other
Virtual Tour https://www.propertypanorama.com/231-E-Shore-Drive-Unit-4-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 OR20711

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
Spa true
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
AVG $1.91M
$4.38M
Taxes
AVG $8,828
$19,000
Year Built
AVG 1969
2025

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Listed By
Serhant

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