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231 E Shore Dr #1, Summerland, FL 33042

$3,995,900

5
beds
5 full · 1 half
baths
3,119
sqft
2025
year built

Introducing Seven Palms Cove, a one-of-a-kind new construction community redefining luxury island living in the Florida Keys. With only seven exclusive oceanfront residences starting at $4M, this private, gated enclave offers an extraordinary opportunity to own a slice of paradise just minutes from Key West. Each home spans over 4,000 sq. ft. with 5 bedrooms, 5.5 bathrooms, and open-concept layouts with 10' ceilings, impact glass, and abundant natural light. The chef's kitchen includes premium appliances, quartz countertops, pantry, and large island ideal for entertaining. Multiple verandas, balconies, and a rooftop observation deck deliver 360-degree sunrise and sunset views. Outdoors, enjoy your own sparkling infinity pool, expansive pool deck, and seamless flow to the water. Every residence conveys with an assigned dock space in a private boat basin featuring new composite docks with electric, water, and a fillet station--perfect for boating enthusiasts. Homes are equipped with Tesla Solar, an elevator, and generous storage. Resort-style amenities include a sport court for tennis, pickleball, and basketball, along with oceanfront lounge areas, hammocks, and opportunities for paddleboarding and kayaking. Just one block from a private airport, accessibility is unmatched. For investors, Seven Palms Cove is an exceptional opportunity: there are no rental restrictions, and nearby comparable properties generate over $300,000 annually. Whether as a forever home, luxury vacation retreat, or high-performing investment, Seven Palms Cove offers the perfect blend of exclusivity, comfort, and opportunity in the Florida Keys.

  • Bedrooms
    5
  • Bathrooms
    5 full · 1 half
  • Year Built
    2025
  • Parking Features
    Carport
  • Interior Features
    Walk-In Closet(s), Storage, Elevator, Entrance Foyer, Built-in Features
  • Appliances
    Dryer, Dishwasher, Microwave, Refrigerator, Washer, Range, Oven, Freezer
  • Flooring
    Wood
  • Furnished
    Unfurnished
  • Exterior Features
    Storage, Lighting
  • Patio And Porch
    Patio
  • Pool Features
    In Ground, Salt Water
  • Security Features
    Security Gate
  • Cooling
    Central Air

  • Water Front Features
    Ocean Front
  • Water Front
    Yes
  • View
    Ocean
  • Utilities
    See Remarks

  • Area
    08 - Summerland Key
  • County
    Monroe
  • City
    Summerland
  • Neighborhood
    Summerland Estates (25.0)
  • Zip Code
    33042

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Estimated Value

$3,557,931

Estimated Sales Price Range:

$2,490,551 - $4,625,310

Source: Constellation Data Labs

Price History

10/08/2025 Off Market —
Source: Beaches MLS #R11130582
10/02/2025 Listed $3,995,900
Source: Florida Keys Board of REALTORS #616700
10/02/2025 Off Market —
Source: Florida Keys Board of REALTORS #616700
07/22/2021 Sold $3,520,000
Source: Florida Keys Board of REALTORS #593501
06/21/2021 Listed $3,570,300
Source: Florida Keys Board of REALTORS #593501

Source: MLS Data

Deed History

07/27/2021 Warranty Deed $3,520,000
01/05/2015 Warranty Deed $0
07/09/2014 Warranty Deed $1,500,000

Source: Public records via Constellation Data Labs

Mortgage History

06/10/2025 Commercial $2,631,661
06/10/2025 Commercial $1,773,631
06/10/2025 Unknown $1,776,015
06/10/2025 Unknown $2,657,421
06/10/2025 Unknown $2,697,344
06/10/2025 Unknown $1,766,645
06/10/2025 Building or Construction Loan $1,751,907
03/12/2024 Commercial $1,688,659
03/12/2024 Commercial $1,688,659
03/12/2024 Commercial $1,688,659
03/12/2024 Commercial $1,688,659
03/12/2024 Commercial $1,688,659
03/12/2024 Commercial $1,688,659

Source: Public records via Constellation Data Labs

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Frequently Asked Questions

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

Click Ask a Question to talk with our team. You already know it is a 5 bed, 5 bath, listed for $3,995,900. We can talk through recent upgrades, potential seller motivation, how this single family residence compares to others in Summerland, and can even get you in to see the property quickly.

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

With a 20% down payment and a 30-year fixed loan at an illustrative 6.75% rate, the ez Mortgage Calculator estimates the monthly payment for 231 E Shore Dr #1 at around $23,552. 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 #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 #1?

In most cases, yes. Whether 231 E Shore Dr #1 is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Summerland'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 #1?

We can handle that for you. Our preferred local agent specializes in residentials in Summerland 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 $3,995,900 with 3,119 sqft of space—that comes out to approximately $1,281 per square foot.

How long has this property been on the market?

231 E Shore Dr #1 was listed on October 02, 2025, which means it's been on the market for 400 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 are the property taxes for 231 E Shore Dr #1?

The most recent public record shows annual property taxes for 231 E Shore Dr #1 were approximately $22,635. 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.

Is 231 E Shore Dr #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

Search Nearby Postal Codes

Properties in 33042 Avg. Price $2M

Properties in 33043 Avg. Price $1M

IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2026 Florida Keys Board of REALTORS®, Inc.