231 E Shore Drive, Key West, FL 33040

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231 E Shore Drive,Key West, FL 33040
$32,000,000
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  • 5 Beds
  • 6 Baths
  • 6,514 sq. ft.
  • Single family
  • Active
Listed by:stephanie muzzillo
Office:serhant
MLS#:R11130582
Source:RMLS

Price summary

  • Price:$32,000,000
  • Price per sq. ft.:$4,912.5
  • Monthly HOA dues:$1,100

About this home

Introducing Seven Palms Cove, a rare new construction oceanfront community in the Florida Keys that combines luxury living with unmatched investment potential. With only seven residences available--each spanning over 4,000 sq. ft. with 5 bedrooms, 5.5 baths, private infinity pools, rooftop decks, and assigned dockage--this gated enclave offers turn-key short-term rental flexibility. Unlike most communities in the Keys, there are no rental restrictions, making it possible to operate each home as a high-yield Airbnb or combine all seven into a boutique hospitality portfolio complete with shared resort-style amenities: a private boat basin, sport courts, pickleball, hammocks, and paddleboard launches.

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Home facts

  • Year built:2025
  • Listing ID #:R11130582
  • Added:21 day(s) ago
  • Updated:October 30, 2025 at 03:18 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:6
  • Full bathrooms:5
  • Half bathrooms:1
  • Living area:6,514 sq. ft.

Heating and cooling

  • Cooling:Ceiling Fans, Central Air
  • Heating:Central, Gas

Structure and exterior

  • Roof:Metal
  • Year built:2025
  • Building area:6,514 sq. ft.
  • Lot area:3.34 Acres

Utilities

  • Water:Public, Water Available
  • Sewer:Public Sewer, Sewer Available

Finances and disclosures

  • Price:$32,000,000
  • Price per sq. ft.:$4,912.5
  • Tax amount:$19,902 (2024)
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