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231 E Shore Drive Key West, FL $ 32,000,000
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$ 32,000,000 Get more info
231 E Shore Drive
$ 32,000,000
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231 E Shore Drive

Key West, FL, 33040
$ 32,000,000
Bedrooms5 Baths5.1 Sq 6,514

Monthly Estimate*

$ 199,638

231 E Shore Drive, Key West, FL 33040 - Image 1
231 E Shore Drive, Key West, FL 33040 - Image 2
231 E Shore Drive, Key West, FL 33040 - Image 3
231 E Shore Drive, Key West, FL 33040 - Image 4
231 E Shore Drive, Key West, FL 33040 - Image 5
231 E Shore Drive, Key West, FL 33040 - Image 6
231 E Shore Drive, Key West, FL 33040 - Image 7
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Single Family Home for sale in Key West, FL

for $32,000,000 with 5 bedrooms and 5 full baths, 1 half bath. This 6,514 square foot home was built in 2025 on a lot size of 3.34481.

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.For the investor, the opportunity doesn't end there. Just across the street lies an additional 8-acre ROGO-exempt parcel, with approximately 5 acres of usable land and three existing income-producing cottages generating projected revenues of $300,000 annually. This parcel provides immediate returns while offering endless expansion optionswhether adding more cottages, building a yoga retreat, event venue, or further short-term rental inventory. With the ability to control all seven luxury homes plus the adjacent parcel, an investor could curate an exclusive, resort-style Airbnb village or private hotel collection in one of the most desirable boating and vacation destinations in the U.S. The combination of brand-new construction, no rental limitations, resort amenities, and future development land presents a one-of-a-kind portfolio play with both short-term income and long-term appreciation upside.

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Single Family Active

Price

$ 32,000,000

Bedrooms

5

Full Bath

5

Half Bath

1

Property Type

Single Family

Taxes

$ 19,902

Style

Arch

Lot Size

3.34481

Year Built

2025

Town/City

Key West

County/Region

Monroe

MLS | Web ID

RX11130582
Features
Exterior
Lot Description 2 to < 3 Acres 4 to < 5 Acres
Exterior Amenities Deck Open Balcony Open Porch
Waterfront Yes Ocean Access
Design Other Arch
Guest House No
Private Pool Y/N Yes
Subdiv. Amenities Bike Storage Boating Elevator Pickleball Street Lights
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Interior
Interior Amenities Built-in Shelves Elevator Foyer Pantry Walk-in Closet
Flooring Other Tile Wood Floor
Furnished Y/N Furniture Negotiable Unfurnished
Total Bedrooms 5
Master Bedroom/Bath Dual Sinks Mstr Bdrm - Upstairs Spa Tub & Shower
Total Bathrooms 5.10
SqFt - Living 6514.00
Total Floors/Stories 2.00
Equip/Appl Included Dishwasher Disposal Dryer Microwave Refrigerator Smoke Detector Washer
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General
Construction CBS
Heating Central Central Building Gas Other
Cooling Ceiling Fan Central
Utilities Public Sewer Public Water
Roof Metal
Parking Carport - Attached Covered Driveway
Pets Allowed Yes
Zoning SR
HOA Mandatory
Number of Garage Spaces 0.00
Status Active
Full Baths 5
Half Baths 1
Year Built 2025
REO No
Subdivision SUMMERLAND ESTATES
View Ocean
Type Single Family Detached
Rooms Laundry-Inside Laundry-Util/Closet
Property Type A
Area 5940
Application Fee 200.00
Auction No
Development Name The Seven Palms - A Key West Oasis
Tax Year 2024
Terms Considered Cash Conventional
Gated Community Yes
Short Sale No
Restrict Lease OK
Water Frontage 120
Taxes 19902.30
Adult 55+ No Hopa
HOA/POA/COA (Monthly) 1100.00
Governing Bodies HOA
Membership Fee Required No
Virtual Tour https://www.propertypanorama.com/231-E-Shore-Drive-Key-West-FL-33040/unbranded
Geo Area Other Geographic Area
Legal Description LT 17 SUMMERLAND ESTATES SUMMERLAND KEY PB2-167 OR365-904 OR367-388 OR774-400 OR774-1530 OR2018-597 OR2071-1193 OR2071-1
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Internal Only
OriginalMLSID RX-11130582
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* Excluded Features
List By
Stephanie Muzzillo

Listing Agent

Serhant

Broker

stephanie@serhant.com

Email

Affordability Calculator

$201,297
Per Month
99%
1%
0%
Monthly Principal & Interest
$199,638
Monthly Property Taxes
$1,659
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
368239 Elementary School
368240 Middle School
Unknown High School High School
See complete school information
Pricing History
Date Price Price Change Description
10/8/2025 $32,000,000 Listed Price

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231 E Shore Drive, Key West, FL, 33040 is a Single Family Home for sale at $32,000,000 with 6,514 sqft and a lot size of 3.34481. 231 E Shore Drive has 5 bedrooms, 5.1 baths, and was built in 2025. The property's zip code is 33040 which is in Key West, FL

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