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Sold for $4,330,000
  • $4,330,000

    231 E Shore Drive Unit 5, Key West, FL 33040

    5beds
    4,103sqft
    Single Family Residence
    Built in 2025
    3.34 Acres Lot
    $4,331,000 Zestimate®
    $1,055/sqft
    $-- Estimated rent

    Home value

    $4,331,000

    $3.90M - $4.81M

    Not available

    Zestimate® history
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    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 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.

    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

    Stephanie Marinucci, 3419053

    Serhant

    Source: BeachesMLS,MLS#: R11113480MLS LogoOriginating MLS: BeachesMLS

    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

    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 spa: Yes
    • Spa features: Heated, 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: SUMMERLAND ESTATES
    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: $1,055/sqft
    • Annual tax amount: $19,902
    • Date on market: 8/6/2025
    • Cumulative days on market: 295 days
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    7/10/2026Sold$4,330,000-1%$1,055/sqft
    Source: BeachesMLS #R11113480 Report a problem
    5/28/2026Pending sale$4,375,000$1,066/sqft
    Source: BeachesMLS #R11113480 Report a problem
    1/27/2026Price change$4,375,000+6.1%$1,066/sqft
    Source: BeachesMLS #RX-11113480 Report a problem
    8/6/2025Listed for sale$4,125,000$1,005/sqft
    Source: BeachesMLS #RX-11113480 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 33040

    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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    Estimated market value
    $4,331,000
    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
    $4,331,000