231 E Shore Drive #Unit 5, Key West, FL 33040
Local realty services provided by:Reliant Realty ERA Powered
Listed by: stephanie muzzillo, charles christian prakas
Office: serhant
MLS#:R11113480
Source:RMLS
Price summary
- Price:$4,375,000
- Price per sq. ft.:$671.63
- Monthly HOA dues:$1,100
About this home
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.
Contact an agent
Home facts
- Year built:2025
- Listing ID #:R11113480
- Added:198 day(s) ago
- Updated:February 21, 2026 at 03:50 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:6
- Full bathrooms:5
- Half bathrooms:1
- Living area:4,103 sq. ft.
Heating and cooling
- Cooling:Ceiling Fans, Central Air
- Heating:Central
Structure and exterior
- Roof:Metal
- Year built:2025
- Building area:4,103 sq. ft.
- Lot area:3.34 Acres
Utilities
- Water:Public, Water Available
- Sewer:Public Sewer, Sewer Available
Finances and disclosures
- Price:$4,375,000
- Price per sq. ft.:$671.63
- Tax amount:$19,902 (2024)
New listings near 231 E Shore Drive #Unit 5
- New
$250,000Active0.02 Acres1801 N Roosevelt Boulevard, Key West, FL 33040
MLS# R11163184Listed by: BERKSHIRE HATHAWAY FLORIDA REALTY - New
$1,195,000Active3 beds 2 baths1,714 sq. ft.1510 18th St, Key West, FL 33040
MLS# A11965136Listed by: COLDWELL BANKER SCHMITT REAL E - New
$2,250,000Active3 beds 3 baths1,690 sq. ft.1503 Johnson St, Key West, FL 33040
MLS# A11962599Listed by: COLDWELL BANKER SCHMITT REAL E
$2,300,000Active2 beds 2 baths1,092 sq. ft.1119 Simonton Street #A1, A2, C1, KEY WEST, FL 33040
MLS# W7882659Listed by: INVESTMENT FLORIDA REALTY LLC
$725,000Active2 beds 2 baths1,200 sq. ft.27 Riviera Dr, Key West, FL 33040
MLS# A11956838Listed by: EXP REALTY LLC
$1,295,000Active3 beds 3 baths1,017 sq. ft.609 Margaret Street, Key West, FL 33040
MLS# R11157188Listed by: COLDWELL BANKER SCHMITT RE CO
$375,000Active2.39 Acres6810 Front Street, Key West, FL 33040
MLS# R10904242Listed by: EQUESTRIAN SOTHEBY'S INTERNATIONAL REALTY INC.
$249,000Active2.39 Acres6810 Front Street, Key West, FL 33040
MLS# R11051530Listed by: EQUESTRIAN SOTHEBY'S INTERNATIONAL REALTY INC.
$119,000Active0 Acres1801 N Roosevelt Boulevard N, Key West, FL 33040
MLS# R11149306Listed by: COLDWELL BANKER SCHMITT RE CO
$599,000Active1 beds 1 baths754 sq. ft.2601 S Roosevelt Boulevard #608b, Key West, FL 33040
MLS# R11136519Listed by: COLDWELL BANKER SCHMITT RE CO