$32,000,000
231 E Shore Drive
Key West, FL 33040
MLS# RX-11130582
5 beds  |  5.1 baths  |  6514 sqft


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

Property Description
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.

Details
Maps
Contract Information
Listing Date: 2025-10-08
Status: Active
Original List Price: 32000000
Auction: No
List Price: $32,000,000
Current Price: $32,000,000
List Price/SqFt: 4912.49
Negotiable Seller Concessions YN: No
General Property Description
Type: Single Family Detached
Governing Bodies: HOA
Main Level Bedrooms: 1
Total Bedrooms: 5
Main Level Bathrooms: 1
Baths - Full: 5
Baths - Half: 1
Baths - Total: 5.1
Property Condition: New Construction
Community Development District: No
Year Built: 2025
SqFt - Total: 6514
SqFt - Living: 6514
SqFt Source: Floor Plan
Guest House: No
Gated Community: Yes
Covered Spaces: 2
Year Roof Installed: 2025
Homeowners Assoc: Mandatory
HOA/POA/COA (Monthly): 1100
Application Fee: 200
Association Deposit: No
Membership Fee Required: No
Capital Contribution: No
Directions: Turn Oceanside onto E Shore Dr (SR-942) at Mile Marker 25. The destination is ahead on the left.
Subdivision: SUMMERLAND ESTATES
Development Name: The Seven Palms - A Key West Oasis
Legal Desc: LT 17 SUMMERLAND ESTATES SUMMERLAND KEY PB2-167 OR365-904 OR367-388 OR774-400 OR774-1530 OR2018-597 OR2071-1193 OR2071-1
Lot SqFt: 145700
Waterfront: Yes
Waterfrontage: 120
Front Exp: East
Private Pool: Yes
Pets Allowed: Yes
Pets on Premises: No
Total Floors/Stories: 2
Ttl Units in Complex: 7
Location Tax Legal
Area: 5940
County: Monroe
Parcel ID: 00200610000000
Street #: 231
Street Dir: E
Street Name: Shore
Street Suffix: Drive
Zip Code: 33040
Geo Lat: 24.657702
Geo Lon: -81.43772
Lease Info
Min Days to Lease: 1
Lease Times p/Year: 365
Private Pool Description
Pool Size (W x L): 8'12
Storm Protection
Impact Glass: Complete
Property Features
Design: Other Arch
Construction: CBS
View: Ocean
Waterfront Details: Ocean Access
Private Pool Description: Inground
Lot Description: 2 to < 3 Acres; 4 to < 5 Acres
Exterior Features: Deck; Open Balcony; Open Porch
Interior Features: Built-in Shelves; Elevator; Foyer; Pantry; Walk-in Closet
Furnished: Furniture Negotiable; Unfurnished
Rooms: Laundry-Inside; Laundry-Util/Closet
Parking: Carport - Attached; Covered; Driveway
Pet Restrictions: No Restrictions
Restrict: Lease OK
Flooring: Tile; Wood Floor; Other
Heating: Central; Central Building; Gas; Other
Cooling: Ceiling Fan; Central
Roof: Metal
Terms Considered: Cash; Conventional
Utilities: Public Sewer; Public Water
Taxes: City/County
Supplements
For the investor, the opportunity doesn't end there. Just across the street lies an additional 8-acre ROGO-exempt parcel, with approximately 5 acres of usable land and three existing income-producing cottages generating projected revenues of $300,000 annually. This parcel provides immediate returns while offering endless expansion optionswhether adding more cottages, building a yoga retreat, event venue, or further short-term rental inventory. With the ability to control all seven luxury homes plus the adjacent parcel, an investor could curate an exclusive, resort-style Airbnb village or private hotel collection in one of the most desirable boating and vacation destinations in the U.S. The combination of brand-new construction, no rental limitations, resort amenities, and future development land presents a one-of-a-kind portfolio play with both short-term income and long-term appreciation upside.
Room Information
Room Name Length Width Length Level Width
Living Room19.0019.0019.00Lower19.00
Kitchen15.0014.0015.00Lower14.00
Master Bedroom16.0016.0016.00Second16.00

Listing Office: Serhant

Last Updated: December - 01 - 2025

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Wednesday 17th of December 2025 08:54 AM

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