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New construction
  • $4,250,000

    231 E Shore Drive Unit 2, Summerland Key, FL 33040

    5beds
    4,103sqft
    : 
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    Single Family Residence
    Built in 2025
    3.34 Acres Lot
    $4,088,100 Zestimate®
    $1,036/sqft
    $1,391/mo HOA

    What's special

    Serene waterfront atmosphereGated oceanfront communityImpact glass throughoutTop-of-the-line appliances and finishesOpen balconies
    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 basin perfect 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 atmosphere all 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.
    345 days
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    213
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    9
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    Zillow last checked:

    Listing updated:

    Listed by:

    Stephanie Marinucci 551-427-9492,

    Serhant,

    Charles Christian Prakas 561-929-7999,

    Serhant

    Source: BeachesMLS,MLS#: R11113452MLS LogoOriginating MLS: BeachesMLS

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 6
      • Full bathrooms: 5
      • 1/2 bathrooms: 1
      • Main level bathrooms: 1
      • Main level bedrooms: 1
      Primary bedroom
      • Level: Second
      • Area: 256
      • Dimensions: 16 X 16
      Kitchen
      • Level: Lower
      • Area: 210
      • Dimensions: 15 X 14
      Living room
      • Level: Lower
      • Area: 361
      • Dimensions: 19 X 19
      Heating
      • Central, Natural Gas, Other
      Cooling
      • Central Air, Ceiling Fan(s)
      Appliances
      • Included: Dryer, Dishwasher, Disposal, Microwave, Refrigerator, Washer
      • Laundry: Inside, Laundry Closet
      Features
      • Built-in Features, Dual Sinks, Entrance Foyer, Elevator, Pantry, Tub Shower, Upper Level Primary, Walk-In Closet(s)
      • Flooring: Other, Wood
      Interior area
      • Total structure area: 6,514
      • Total interior livable area: 4,103 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 2
      • Parking features: Attached Carport, Covered, Carport
      • Carport spaces: 2
      • Details: CarportSpaces:2.00
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Deck, Open, Porch, Balcony
      • Exterior features: Balcony, Outdoor Living Area
      • Has private pool: Yes
      • Pool features: In Ground
      • Has view: Yes
      • View description: Ocean
      • Has water view: Yes
      • Water view: Ocean
      • Waterfront features: Ocean Access
      Lot
      • Size: 3.34 Acres
      Details
      • Parcel number: 00200610000000
      • Zoning: SR

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Other
      • Property subtype: Single Family Residence
      Materials
      • Block
      • Roof: Metal
      Condition
      • New Construction
      • New construction: Yes
      • Year built: 2025

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Sewer Available, Water Available

      Community & HOA

      Community
      • Features: Home Owners Association, Boat Facilities, Gated, Street Lights
      • Security: Gated Community, Smoke Detector(s)
      • Subdivision: The Seven Palms - A Key West Oasis
      HOA
      • Has HOA: Yes
      • Amenities included: Bike Storage, Boating, Elevator(s), Pickleball
      • HOA fee: $1,391 monthly
      Location
      • Region: Key West

      Financial & listing details

      • Price per square foot: $1,036/sqft
      • Annual tax amount: $19,000
      • Date on market: 8/6/2025
      • Cumulative days on market: 345 days
      • Listing terms: Cash,Conventional

        Estimated market value

        $4,088,100

        $3.88M - $4.29M

        Not available

        Price history

        DateEventPrice
        1/27/2026Price change$4,250,000+6.3%$1,036/sqft
        Source: BeachesMLS #RX-11113452 Report a problem
        8/6/2025Listed for sale$4,000,000$975/sqft
        Source: BeachesMLS #RX-11113452 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 33040

        Getting around

        14 / 100
        Car-Dependent
        19 / 100
        Minimal Transit
        43 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Sugarloaf
        • Middle: Sugarloaf
        • High: Key West

        Source: BeachesMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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