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.
Sold for $4,325,000
$4,325,000
231 E Shore Drive Unit 3, Key West, FL 33040
5beds
4,103sqft
Single Family Residence
Built in 2025
3.34 Acres Lot
$4,324,000 Zestimate®
$1,054/sqft
$-- Estimated rent
Home value
$4,324,000
$3.93M - $4.76M
Not available
Zestimate® history
Owner options
List your home for rent
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
Refinance and save
$27,967/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$27,967/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Serene waterfront atmosphereGated oceanfront communityImpact glass throughoutTop-of-the-line appliances and finishesOpen balconies
Zillow last checked:
Listing updated:
Listed by:
Stephanie Marinucci 551-427-9492,
Serhant,
Charles Christian Prakas 561-929-7999,
Serhant
Bought with:
Hope Firestone, 3649989
Serhant
Faith Emma Laughlin, 3620987
Serhant
Source: BeachesMLS,MLS#: R11113457
Originating MLS: BeachesMLS
Originating MLS: BeachesMLSFacts & 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
Primary bedroom
- Level: Second
- Area: 256
- Dimensions: 16 X 16
Primary bedroom
- Level: Second
- Area: 256
- Dimensions: 16 X 16
Kitchen
- Level: Lower
- Area: 210
- Dimensions: 15 X 14
Kitchen
- Level: Lower
- Area: 210
- Dimensions: 15 X 14
Kitchen
- Level: Lower
- Area: 210
- Dimensions: 15 X 14
Living room
- Level: Lower
- Area: 361
- Dimensions: 19 X 19
Living room
- Level: Lower
- Area: 361
- Dimensions: 19 X 19
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
Property
Parking
- Total spaces: 2
- Parking features: Attached Carport, Covered
- 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
- Features: 2-3 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: $1,054/sqft
- Annual tax amount: $19,000
- Date on market: 8/6/2025
- Cumulative days on market: 266 days
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 5/27/2026 | Sold | $4,325,000-1.1%$1,054/sqft |
Source:  BeachesMLS #R11113457 Report a problem | ||
| 1/27/2026 | Price change | $4,375,000+6.1%$1,066/sqft |
Source: BeachesMLS #RX-11113457 Report a problem | ||
| 8/6/2025 | Listed for sale | $4,125,000$1,005/sqft |
Source: BeachesMLS #RX-11113457 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 33040
Nearby homes
- $4,375,0005 bd6 ba4.1k sqft231 E Shore Dr UNIT 4, Key West, FL 33040Pending
- $4,325,0004.842 Acres231 E Shore Dr, Summerland Key, FL 33042Sold
- $3,995,9005 bd6 ba3.1k sqft231 E Shore Dr #1, Key West, FL 33040Pending
- $4,375,0005 bd6 ba3.1k sqft231 E Shore Dr UNIT 4, Summerland Key, FL 33042Pending
- $4,400,0005 bd6 ba3.1k sqft231 E Shore Dr UNIT 5, Summerland Key, FL 33042Pending
- $4,250,0005 bd6 ba4.1k sqft231 E Shore Dr UNIT 2, Key West, FL 33040New Construction
- $1,240,1004 bd3 ba3.6k sqft321 Avenue D, Summerland Key, FL 33042Off Market
- $2,800,1003 bd2 ba3.8k sqft341 Avenue D, Summerland Key, FL 33042Off Market
Nearby schools
GreatSchools rating
- 6/10Sugarloaf SchoolGrades: PK-8Distance: 5.8 mi
- 4/10Key West High SchoolGrades: 9-12Distance: 22.5 mi
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.
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$4,324,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$4,324,000
- Florida
- Monroe County
- Summerland Key
- 33040
- 231 E Shore Drive Unit 3
Nearby cities
Nearby zip codes
Other Summerland Key Topics
