231 E Shore Drive Unit Unit 3, Key West, FL 33040

$4,325,000
5
BD
6
BA
4,103
SqFt

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Sold Price
$4,325,000
List Price
$4,375,000
Days on Market
294
Closing Date
May 27, 2026
MLS#
R11113457
Bedrooms
5
Full Bathrooms
5
Half Bathrooms
1
Sq. Ft
4,103
Subtype
Single Family Residence
County
Monroe
Subdivision
The Seven Palms - A Key West Oasis
Year Built
2025

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.

Additional Information

Hoa
Yes
Hoa Amount
1391
Pets Allowed
No Pet Restrictions, Yes
Construction
Block
Cooling
Central Air, Ceiling Fan(s)
Flooring
Other, Wood
Furnished
Unfurnished
Heating
Central, Natural Gas, Other
Lot Description
2-3 Acres
Roof
Metal
Security
Gated Community, Smoke Detector(s)
Taxes
$19,000
Utilities
Sewer Available, Water Available
View
Ocean
Private Pool
Yes
Amenities
Bike Storage, Boat Facilities, Boating, Elevator(s), Gated, Home Owners Association, Pickleball, Street Lights
Waterfront
Ocean Access
Stories
2
Acres
3.34
Price Per Sqft
$1,054
Elementary School
Sugarloaf
Middle School
Sugarloaf
High School
Key West

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Listing courtesy of Serhant. Contact:

Selling Office: Serhant.

All listings featuring the BMLS logo are provided by Beaches MLS Inc. Copyright 2026 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed. © 2026 Beaches Multiple Listing Service, Inc. All rights reserved.


Agent: Stephanie Marinucci | Email: Stephanie@Serhant.com