231 E Shore Drive Unit 7, Key West, FL 33040 (MLS# R11113487)
$4,275,000
Key West, FL 33040
MLS# R11113487
Status: Closed
5 beds | 6 baths | 6514 sqft
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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,
Details
Contract Information
Comp Sale YN: No
Listing Contract Date: 2025-08-06
Status: Closed
Original List Price: 4325000
Sold Price: $4,275,000
Current Price: $4,275,000
Location and Legal
County Or Parish: Monroe
County Parish Name: Monroe
City Name: Key West
Postal Zip: 33040
Development Name: The Seven Palms - A Key West Oasis
Geographic Area: Other
Special Assessment YN: No
Country: United States
Street Number: 231
Street Direction Prefix: E
Street Name: Shore
Street Suffix: Drive
Unit Number: Unit 7
State Or Province: FL
Postal Code: 33040
Subdivision Name: SUMMERLAND ESTATES
Area: 5940 - Other Florida County
Elementary School: Sugarloaf
Middle Or Junior School: Sugarloaf
High School: Key West
Parcel Number: 00200610000000
Zoning: SR
Directions: Turn Oceanside onto E Shore Dr (SR-942) at Mile Marker 25. The destination is ahead on the left.
General Property Information
Number Of Units In Community: 7
Community Development District YN: No
Living Area Main: 4103
Attached Carport YN: Yes
Gated Community YN: Yes
Lot Size Area: 145700
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Furnished: Unfurnished
Stories Total: 2
Stories: 2
Pool Private YN: Yes
Spa YN: Yes
Year Roof Installed: 2025
Property Sub Type: Single Family Residence
Bedrooms Total: 5
Bathrooms Total: 6
Bathrooms Full: 5
Bathrooms Half: 1
Building Area Main: 6514
Building Area Source: Plans
Year Built: 2025
Carport YN: 1
Carport Spaces: 2
Covered Spaces: 2
Lot Size Acres: 3.34
Frontage Length: 120
Waterfront YN: 1
Direction Faces: East
Financial Information
Association Deposit YN: No
Application Required YN: Yes
Association Membership: Mandatory
Membership Fee Required YN: No
Association YN: 1
Association Fee: 1391
Association Fee Frequency: Monthly
Tax Annual Amount: 19902.3
Tax Year: 2024
Tax Legal Description: LT 17 SUMMERLAND ESTATES SUMMERLAND KEY PB2-167 OR365-904 OR367-388 OR774-400 OR774-1530 OR2018-597 OR2071-1193 OR2071-
Office/Member Information
DXORIGMLSID: RML
Status Change Information
Buyer Financing: Cash
Major Change Timestamp: 2026-03-06T19:03:27Z
Major Change Type: Status Change
Status Change Date: 2026-03-06
Under Contract Date: 2026-01-26
Close Date: 2026-03-04
Close Price: 4275000
Application Fee Details
Application Fee Required: Yes
Application Fee: 200
Amenities
Bike Storage: 1
Boating: 1
Elevator(s): 1
Pickleball Court(s): 1
Street Lights: 1
Flooring
Wood: 1
Other: 1
Parking Features
Covered: 1
Attached Carport: 1
Property Condition
New Construction: 1
Short Sale Details
Short Sale Addendum: No
Spa Features
Heated: 1
In Ground: 1
Possession
Close Of Escrow: 1
Sewer
Public Sewer: 1
Utilities
Sewer Available: 1
Water Available: 1
Heating
Central: 1
Central Building: 1
Natural Gas: 1
Other: 1
Leasing Restrictions
Leasing - Max Times Per Year: 365
Leasing - Minimum Number of Days: 1
Water Access
Ocean Access: 1
Water View
Ocean: 1
Appliances
Dishwasher: 1
Disposal: 1
Dryer: 1
Microwave: 1
Refrigerator: 1
Washer: 1
Construction Materials
CBS: 1
Interior Features
Built-in Features: 1
Elevator: 1
Entrance Foyer: 1
Pantry: 1
Walk-In Closet(s): 1
Laundry Features
Inside: 1
Laundry Closet: 1
Listing Terms
Cash: 1
Conventional: 1
Pool Features
In Ground: 1
Roof
Metal: 1
Security Features
Smoke Detector(s): 1
Water Source
Public: 1
Architectural Style
Other: 1
Capital Contributions
Capital Contributions YN: Yes
Capital Contributions Amount: 16000
Cooling
Ceiling Fan(s): 1
Central Air: 1
Association Type
Homeowner Association: 1
Showing Requirements
Appointment Only: 1
Call Listing Agent: 1
Call Listing Office: 1
Main Level Rooms
Main Level Bathrooms: 1
Main Level Bedrooms: 1
Master Bedroom/Bath
Dual Sinks: 1
Master Bdrm - Upstairs: 1
Spa Tub & Shower: 1
Pets Allowed YN
Yes: 1
Pets Allowed
No Restrictions: 1
Pool Size Details
Pool Size (WxL): 8'12
Restrictions
Lease OK: 1
Storm Protection
Impact Glass: Complete
Tax Information
City/County: 1
Showing Details
Pet(s) on Premises: No
Outdoor Living Spaces
Balcony: 1
Deck: 1
Porch: 1
Balcony Details
Balcony - Open: 1
Porch Details
Porch - Open: 1
Contingencies
None: 1
Room Types
Kitchen: 1
Kitchen Level: Lower
Laundry: 1
Living Room: 1
Living Room Level: Lower
Master Bedroom: 1
Master Bedroom Level: Second
Concessions
Seller Concessions: No
Contributions
Buyer Contributions: No
Price Calculations
Current Price To SqFt: 1041.92
Original List Price To Close Price: 1.01
Acreage Description
2 To Less Than 3 Acre Lot: 1
4 To Less Than 5 Acre Lot: 1
Originating Details
Originating System Key: 20250806174535979496000000
Originating System ID: M00000170
Property Features
Flooring: Wood; Other
Parking Features: Covered; Attached Carport
Property Condition: New Construction
Spa Features: Heated; In Ground
Appliances: Dishwasher; Disposal; Dryer; Microwave; Refrigerator; Washer
Architectural Style: Other
Construction Materials: CBS
Cooling: Ceiling Fan(s); Central Air
Association Type: Homeowner Association
Heating: Central; Central Building; Natural Gas; Other
Interior Features: Built-in Features; Elevator; Entrance Foyer; Pantry; Walk-In Closet(s)
Laundry Features: Inside; Laundry Closet
Listing Terms: Cash; Conventional
Pets Allowed YN: Yes
Pets Allowed: No Restrictions
Pool Features: In Ground
Possession: Close Of Escrow
Restrictions: Lease OK
Roof: Metal
Security Features: Smoke Detector(s)
Sewer: Public Sewer
Tax Information: City/County
Utilities: Sewer Available; Water Available
Water Access: Ocean Access
Water Source: Public
Water View: Ocean
Showing Requirements: Appointment Only; Call Listing Agent; Call Listing Office
Outdoor Living Spaces: Balcony; Deck; Porch
Balcony Details: Balcony - Open
Porch Details: Porch - Open
Contingencies: None
Room Types: Kitchen; Laundry; Living Room; Master Bedroom
Acreage Description: 2 To Less Than 3 Acre Lot; 4 To Less Than 5 Acre Lot
Supplements
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.
Room Information
| Room Name | Length | Length | Width | Width | Level |
| Living Room | 19.00 | 19.00 | 19.00 | 19.00 | Lower |
| Kitchen | 15.00 | 15.00 | 14.00 | 14.00 | Lower |
| Master Bedroom | 16.00 | 16.00 | 16.00 | 16.00 | Second |
| Laundry |
Listing Office: Serhant
Last Updated: March - 06 - 2026
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