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$32,000,000

  • For Sale
  • Active
  • Single Family
  • 5 Beds
  • 5 Full Baths
  • 1 Partial Bath
  • 6,514 Sq. Ft.
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Introducing Seven Palms Cove, a rare new construction oceanfront community in the Florida Keys that combines luxury living with unmatched investment potential. With only seven residences available--each spanning over 4,000 sq. ft. with 5 bedrooms, 5.5 baths, private infinity pools, rooftop decks, and assigned dockage--this gated enclave offers turn-key short-term rental flexibility. Unlike most communities in the Keys, there are no rental restrictions, making it possible to operate each home as a high-yield Airbnb or combine all seven into a boutique hospitality portfolio complete with shared resort-style amenities: a private boat basin, sport courts, pickleball, hammocks, and paddleboard launches.

Full Property Details for 231 E Shore Dr

General

  • Price: $32,000,000
  • HOA FEE: $1,100
  • Taxes: $19,903 (2024)
  • Status: Active
  • Type: Single Family
  • Source: Regional
  • MLS ID: RX-11130582
  • Updated: 12/1/2025
  • Added to Site: 100 day(s) ago

Rental Information

  • Min. Lease (Days): 1

Interior

  • Rooms/Areas: Laundry-Inside, Laundry-Util/Closet
  • Interior Features: Built-in Shelves, Elevator, Foyer, Pantry, Walk-In Closet
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Smoke Detector, Washer
  • Furnishings: Furniture Negotiable, Unfurnished
  • Flooring: Other, Tile, Wood Floor

Rooms

Bathrooms

  • Total Bathrooms: 6
  • Full Bathrooms: 5
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 5
  • Bedroom/Bathroom: Dual Sinks, Mstr Bdrm - Upstairs, Spa Tub & Shower
  • Primary Bedroom: 16 x 16

Other Rooms

  • Living Room: 19 x 19
  • Kitchen: 15 x 14

Additional Information

  • Shared Amenities: Bike Storage, Boating, Elevator, Pickleball, Street Lights
  • Pool: Yes
  • Private Pool: Yes
  • Pool Description: In-Ground, 8'12

Exterior

  • Exterior Features: Deck, Open Balcony, Open Porch

Parking

  • Carport Spaces: 2
  • Parking Features: Carport - Attached, Covered, Driveway

Location

  • Area: 5940, Other Geographic Area
  • County: Monroe
  • Development Name: The Seven Palms - A Key West Oasis
  • Subdivision: Summerland Estates
  • Driving Directions: Turn Oceanside onto E Shore Dr (SR-942) at Mile Marker 25. The destination is ahead on the left.

Community

  • Home Owners Assn.: Mandatory
  • Pets Allowed: Yes
  • Governing Bodies: HOA

Heating & Cooling

  • Cooling Type: Ceiling Fan, Central
  • Heating Type: Central, Central Building, Gas, Other

Utilities

  • Utility Description: Public Sewer, Public Water

Structural Information

  • Description/Design: Other Arch
  • Construction: CBS
  • Roof: Metal
  • Square Feet: 6,514
  • Sq. Ft. Source: Floor Plan
  • Year Built: 2025

Unit Information

  • Units in Complex: 7

Lot Features

  • Property View: Ocean
  • Lot Size (Sq. Ft.): 145,700
  • Zoning: SR
  • Lot Description: 2 to < 3 Acres, 4 to < 5 Acres

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Front Desc.: Ocean Access
  • Water Front Feet: 120

Financial Considerations

  • Price Per Sq. Ft.: $4,912.49
  • Assoc Fee /Month: $1,100
  • Application Fee: $200
  • Tax Amount: $19,903
  • Tax Year: 2024
  • Terms: Cash, Conventional

Disclosures and Reports

  • Legal Description: LT 17 SUMMERLAND ESTATES SUMMERLAND KEY PB2-167 OR365-904 OR367-388 OR774-400 OR774-1530 OR2018-597 OR2071-1193 OR2071-1
  • Restrictions: Lease OK
  • APN: 200610000000

Listed by Serhant

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— 231 E Shore Dr —

  • Serhant

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NMLS#: 1598647

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Price & Sales History for 231 E Shore Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/08/2025
Listed
$32,000,000
—
MLS
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Serhant

231 E Shore Drive, Key West, FL 33040 (MLS# RX-11130582) is a Single Family property with 5 bedrooms, 5 full bathrooms and 1 partial bathroom. 231 E Shore Drive is currently listed for $32,000,000 and was received on October 08, 2025. Want to learn more about 231 E Shore Drive? Do you have questions about finding other Single Family real estate for sale in Key West? You can browse all Key West real estate or contact a Coldwell Banker agent to request more information.

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