231 Shore Drive Unit Unit 1, Key West, FL 33040

$4,400,000 — Pending

Property Features

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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.

Property Details

  • Listing ID: R11113396
  • Status: Pending
  • Listing Date: 2025-08-06
  • Property Type: Single Family Residence
  • Unit / Building #: Unit 1
  • Subdivision: The Seven Palms - A Key West Oasis
  • County: Monroe
  • MLS Area: 5940 - Other Florida County
  • Bedrooms: 5
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Living Area Sq Ft: 4,103
  • Year Built: 2025

Financial

  • List Price: $4,400,000
  • HOA Fee: $1,391/mo
  • Taxes: $19,902/yr

Features & Amenities

  • View: Ocean
  • Furnished: Unfurnished
  • Pets Allowed: Yes, No Restrictions
  • Parking: Attached Carport, Covered
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Central, Natural Gas, Other, Central Building
  • Flooring: Other, Wood
  • Construction: CBS
  • Roof: Metal
  • Interior Features: Built-in Features, Entrance Foyer, Elevator, Pantry, Walk-In Closet(s)
  • Exterior Features: Balcony
  • Community Amenities: Boating, Elevator(s), Bike Storage, Pickleball Court(s), Street Lights

Courtesy of Serhant
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