by Global Lifestyle Properties

See Home Value
$4,325,000
● House - Off Market

231 E Shore Drive #UNIT3

Key West, FL
bedrooms
5 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
4,103 Ft²
$24,457
Est. Monthly
$1,391
HOA / Fees

About This Property

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.
Unit Size
4,103 Ft²
Days on Market
294 days
Land Size
3.34 acres
Price per sqft
$1,066
Property Type
House
Property Taxes
$1,583
HOA Dues
$1,391
Year Built
-

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Last updated: 5 months ago (Beaches MLS #R11113457)

Price History

Date / Event Date Event Price
May 27, 2026 Sold
Sold
Jan 29, 2026 Price Increased $4,375,000
↑ $250K (6.1%)
Price Increased
Aug 6, 2025 Listed by Serhant $4,125,000
Listed by Serhant

Property Highlights

Elevator
Air Conditioning
Parking Available
Parking Details
Has Carport
Parking Features: Attached Carport, Covered
Interior Details
Half Bathrooms: 1
Full Bathrooms: 5
Interior Features: Built-in Features, Entrance Foyer, Elevator, Pantry, Walk-In Closet(s), DualSinks, TubShower, UpperLevelPrimary
Appliances: Dryer, Dishwasher, Disposal, Microwave, Refrigerator, Washer
Flooring Type: Other, Wood
Laundry Features: Inside, Laundry Closet
Rooms: 4
Exterior Details
Square Footage: 4103
Security Features: Gated Community, Smoke Detector(s)
Property Condition: New Construction
Architectural Style: Other
Year Built: 2025
Waterfront Features: Ocean Access
Building Area Total: 6514
Levels: Two
Construction Materials: Block
Patio and Porch Features: Deck, Porch, Open, Balcony
Pool Features: In Ground
Pool is Private
Lot Features: TwoToThreeAcres
Lot Size Area: 145490.4
Lot Size Units: Square Feet
Lot Size Acres: 3.34
Lot Size Square Feet: 145490.4
Water Source: Public
Financial Details
Tax Annual Amount: $19,000
Utilities Details
Cooling Type: Central Air, Ceiling Fan(s)
Heating Type: Central, Natural Gas, Other
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Amenities: Boating, Elevator(s), BikeStorage, Pickleball
HOA Fee: $1,391
HOA Fee Frequency: Monthly

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

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