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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.

  • Bedrooms
    5
  • Bathrooms
    5 full · 1 half
  • Year Built
    2025
  • Stories
    2.0
  • Architectural Style
    Other
  • Construction Materials
    Block
  • Parking Features
    Covered, Attached Carport
  • Living Area
    4103.0
  • Interior Features
    Walk-In Closet(s), Pantry, Elevator, Entrance Foyer, Built-in Features
  • Appliances
    Dryer, Dishwasher, Microwave, Refrigerator, Washer, Disposal
  • Flooring
    Other, Wood
  • Furnished
    Unfurnished
  • Exterior Features
    Balcony
  • Patio And Porch
    Deck, Porch
  • Pool Features
    In Ground, Private
  • Security Features
    Smoke Detector(s), Gated Community
  • Cooling
    Ceiling Fan(s), Central Air
  • Heating
    Natural Gas, Central, Other

  • Acres
    3.34
  • Lot Features
    Waterfront
  • Water Front Features
    Ocean Access
  • Water Front
    Yes
  • View
    Ocean
  • Utilities
    Sewer Available, Water Available
  • Water
    Public

  • Area
    5940 - Other Florida County
  • County
    Monroe
  • City
    Key West
  • Neighborhood
    The Seven Palms - A Key West Oasis
  • Zip Code
    33040
  • High School
    Key West
  • Middle School
    Sugarloaf
  • Elementary School
    Sugarloaf

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Frequently Asked Questions

How do I schedule a tour of 231 E Shore Dr #UNIT 1?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 231 E Shore Dr #UNIT 1.

They know residentials in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 231 E Shore Dr #UNIT 1?

Click Ask a Question to talk with our team. You already know it is a 5 bed, 5 bath, listed for $4,400,000. We can talk through recent upgrades, potential seller motivation, how this single family residence compares to others in Key West, and can even get you in to see the property quickly.

How do I get a virtual tour of 231 E Shore Dr #UNIT 1?

Yes! A virtual tour is available for 231 E Shore Dr #UNIT 1. Click here to view the full walkthrough and explore every room at your own pace. If you would like a guided virtual showing or have questions along the way, we can connect you with our local expert to walk you through it live.

How much is the monthly mortgage payment for 231 E Shore Dr #UNIT 1?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 231 E Shore Dr #UNIT 1 at around $26,698. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 231 E Shore Dr #UNIT 1?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Monroe County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 231 E Shore Dr #UNIT 1?

In most cases, yes. Whether 231 E Shore Dr #UNIT 1 is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Key West's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 231 E Shore Dr #UNIT 1?

We can handle that for you. Our preferred local agent specializes in residentials in Key West and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $4,400,000 with 4,103 sqft of space—that comes out to approximately $1,072 per square foot.

How long has this property been on the market?

231 E Shore Dr #UNIT 1 was listed on August 06, 2025, which means it's been on the market for 463 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 2025, making it approximately 1 years old.

What is the lot size of this property?

231 E Shore Dr #UNIT 1 sits on a 3.34-acre lot, which is 145,490 square feet.

What schools are assigned to this property?

Based on MLS info, this home is zoned for:

  • Elementary: Sugarloaf
  • Middle: Sugarloaf
  • High: Key West

Want to see how these schools compare? Check out our Monroe County School Guide to see ratings, reviews, and more for the schools in the area.

What are the property taxes for 231 E Shore Dr #UNIT 1?

The most recent public record shows annual property taxes for 231 E Shore Dr #UNIT 1 were approximately $19,902. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is there an HOA fee for this property, and what does it cover?

This home has an HOA fee of $1,391 paid monthly.

This covers access to community features including: Elevator(s), Boating.

Is 231 E Shore Dr #UNIT 1 still available for sale?

This home is pending sale, which means the seller has accepted an offer. You can favorite it to track status or ask our expert to help you find similar homes in this area. We'll also let you know if this property comes back on the market.

Source: ez Home Search, MLS Data

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Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Copyright 2026, Beaches MLS. All rights reserved.

Last Updated: November 12, 2026 at 03:16AM | Source: Beaches MLS | MLS#: R11113396