231 E Shore Drive Unit 2, Key West, FL 33040
FOR SALE
NEW CONSTRUCTION
3.34 ACRES

231 E Shore Drive Unit 2
Key West, FL 33040

  • 5 Beds
  • 5.5 Baths
  • 4,103 sqft (on 3.34 acres)

$4,250,000

Original price: $4,000,000
Est. Mortgage $25,349/mo*

$4,250,000

Original price: $4,000,000
Est. Mortgage $25,349/mo*
5 Beds
5.5 Baths
4,103 sqft
(on 3.34 acres)

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

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.

Home Highlights

Parking
2 Carport Spaces
Outdoor
Porch, Deck, Pool
View
Ocean
HOA
$1,391/Monthly
Price/Sqft
$1,036
Listed
180+ days ago

Home Details for 231 E Shore Drive Unit 2

Interior Features

Interior Details
Number of Rooms: 4Types of Rooms: Master Bedroom, Kitchen, Laundry, Living Room
Beds & Baths
Number of Bedrooms: 5Main Level Bedrooms: 1Number of Bathrooms: 6Number of Bathrooms (full): 5Number of Bathrooms (half): 1Number of Bathrooms (main level): 1
Dimensions and Layout
Living Area: 4103 Square Feet
Appliances & Utilities
Utilities: Sewer Available, Water AvailableAppliances: Dryer, Dishwasher, Disposal, Microwave, Refrigerator, WasherDishwasherDisposalDryerLaundry: Inside,Laundry ClosetMicrowaveRefrigeratorWasher
Heating & Cooling
Heating: Central,Natural Gas,OtherHas CoolingAir Conditioning: Central Air,Ceiling Fan(s)Has HeatingHeating Fuel: Central
Windows, Doors, Floors & Walls
Flooring: Other, Wood
Levels, Entrance, & Accessibility
Stories: 2Number of Stories: 2Levels: TwoElevatorFloors: Other, Wood
View
Has a ViewView: Ocean
Security
Security: Gated Community, Smoke Detector(s)

Exterior Features

Exterior Home Features
Roof: MetalPatio / Porch: Deck, Open, Porch, BalconyExterior: Balcony, Outdoor Living AreaHas a Private Pool
Parking & Garage
Number of Carport Spaces: 2Number of Covered Spaces: 2Other Parking: CarportSpaces:2.00Has a CarportNo GarageParking Spaces: 2Parking: Attached Carport,Covered
Pool
Pool: In GroundPool
Frontage
WaterfrontWaterfront: Ocean AccessOn Waterfront
Water & Sewer
Sewer: Public Sewer

Days on Market

Cumulative Days on Market: 298Days on Market: 180+

Property Information

Year Built
Year Built: 2025
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Other
Building
Construction Materials: BlockIs a New Construction
Property Information
Condition: New ConstructionParcel Number: 00200610000000

Price & Status

Price
List Price: $4,250,000Price Per Sqft: $1,036
Status Change & Dates
Possession Timing: Close Of Escrow

Active Status

MLS Status: Active

Location

Direction & Address
City: Key WestCommunity: The Seven Palms - A Key West Oasis
School Information
Elementary School: SugarloafJr High / Middle School: SugarloafHigh School: Key West

Agent Information

Listing Agent
Listing ID: R11113452

Building

Building Area
Building Area: 6514 Square Feet

Community

Community Features: Home Owners Association, Boat Facilities, Gated, Street LightsNot Senior CommunityUnits in Building: 7

HOA

Association for this Listing: BeachesMLSHas an HOAHOA Fee: $1,391/Monthly

Lot Information

Lot Area: 3.3448 Acres

Offer

Listing Terms: Cash, Conventional

Mobile R/V

Mobile Home Park
Mobile Home Units: Feet

Miscellaneous

Mls Number: R11113452Living Area Range Units: Square FeetWater ViewWater View: OceanAbove Grade Unfinished Area Units: Square FeetBelow Grade Unfinished Area Units: Square FeetUniversal Property Id: US-12087-N-00200610000000-R-N

Additional Information

HOA Amenities: Bike Storage,Boating,Elevator(s),PickleballDays On Market Replication: 298
Last check for updates: about 8 hours ago
Listing courtesy of Stephanie Marinucci, (551) 427-9492
Serhant
Charles Christian Prakas, (561) 929-7999
Serhant
Originating MLS: BeachesMLS
Source: BeachesMLS, MLS#R11113452
Also Listed on BeachesMLS.

Price History for 231 E Shore Drive Unit 2

DatePriceEventSource
01/27/2026$4,250,000PriceChange
BeachesMLS #RX-11113452
08/06/2025$4,000,000Listed For SaleBeachesMLS #RX-11113452

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Comparable Sales for 231 E Shore Drive Unit 2

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.08
Single-Family Home
$4,325,000
05/27/26
5
5.5
4,103
0.16
Single-Family Home
$4,275,000
03/04/26
5
5.5
4,103
0.00
Single-Family Home
$4,275,000
03/04/26
5
5.5
3,119
0.54
Single-Family Home
$3,300,000
12/01/25
7
5
4,531
0.84
Single-Family Home
$5,003,500
01/05/26
5
5
3,952
0.40
Single-Family Home
$2,495,000
03/02/26
4
3.5
2,416
0.33
Single-Family Home
$2,000,000
07/14/25
3
2
2,256
0.76
Single-Family Home
$5,300,000
06/13/25
5
6
4,981
0.47
Single-Family Home
$2,220,000
03/30/26
3
3
2,010

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Assigned Schools

These are the assigned schools for 231 E Shore Drive Unit 2.
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Summerland Key

At least 14 Trulia users voted on each feature.
  • 82 % Say it's dog friendly

  • 82 % Say yards are well-kept

  • 79 % Say people would walk alone at night

  • 78 % Say car is needed

  • 76 % Say parking is easy

  • 71 % Say it's quiet

  • 70 % Say there's holiday spirit

  • 60 % Say neighbors are friendly

  • 58 % Say they plan to stay for at least 5 years

  • 58 % Say it's walkable to restaurants

  • 47 % Say there are community events

  • 44 % Say there's wildlife

  • 29 % Say kids play outside

  • 15 % Say it's walkable to grocery stores

  • 14 % Say streets are well-lit

  • 11 % Say there are sidewalks

Sourced by Trulia users. Learn more about our methodology.
  • Kristyharvey13
    "Very safe feel day to day. Small schools and class sizes. Lots of outdoor activities to do together "
  • Wesley.seefried
    "Not a lot of places to actually walk your dog out here a lot of rocks not grass a lot of private property"
  • Donna Pezzi
    "This is a superb community - the people who live here take great pride in their homes and canals. Phenomenal boating - snorkel at Looe Key, lobster in the Gulf, or fish on the reef. Great area for walking or paddle boarding."
  • Trulia User
    "Great neighborhood, very peaceful and quite. Fishing and diving paradise. Close to all the Key West fun! "
  • b4194
    "Outstanding Views of the Atlantic. Wonderful SUNSETS !"
  • Nate M.
    "I'm a Realtor in Sugarloaf and have lived here since 1995. I've raised 2 children here, and the schools are absolutely fantastic! Sugarloaf is the perfect place to live - offering outstanding boating, fishing, diving, etc., miles of walking paths, surrounded by ocean and nature, yet just a quick hop to the fun and excitement of Key West."
  • Jerry L.
    "near key west, but far enough away for peace and quiet. Great waterfront life!"
  • Robert K.
    "There are a few areas in the Keys in the entire Keys chain which have that private resort feel. Summerland Key is one of those Keys! Has restaurants, grocery store, gas stations, marinas, post office, hardware stores, wine store, etc... All the essentials!"
  • Jerry L.
    "right on Cudjoe Bay, perfect for boating, paddleboarding, sailing, etc"
  • Wkinseyii
    "I used to live on Cudjoe Key. It was by far the safest, most friendly place I have ever lived. Fantastic location with plenty to do."
  • billberit
    "A well organized comunity"

LGBTQ Local Legal Protections

Stephanie Marinucci, Serhant
Agent Phone: (551) 427-9492
All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
231 E Shore Drive Unit 2, Key West, FL 33040 is a 5 bedroom, 6 bathroom, 4,103 sqft single-family home built in 2025. This property is currently available for sale and was listed by BeachesMLS on Aug 6, 2025. The MLS # for this home is MLS# R11113452.