231 E Shore Drive, Key West, FL 33040 (MLS# RX-11130582)

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Offices Agents
7
Agents Found
Agustin Arellano
Southfields Real Estate, Inc.
ph: 803-295-3388
[email protected]
Ashley Arguello
Southfields Real Estate, Inc.
ph: 908-670-0614
[email protected]
http://oneforonegroup.com
Carlos R. Arellano
Southfields Real Estate, Inc.
ph: 561-644-2474
[email protected]
http://HTTP://WWW.SOUTHFIELDSRE.COM
Diego Arellano
Southfields Real Estate, Inc.
ph: 561-389-4699
[email protected]
http://southfieldsre.com/
Gina O Arellano
Southfields Real Estate, Inc.
ph: 305-389-0259
[email protected]
http://www.ginaarellano.com

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231 E Shore Drive, Key West, FL 33040

$32,000,000
Property Type: Residential Bedrooms: 5 Baths: 5.1 Square Footage: 6,514 Status: Active
Current Price: $32,000,000 Last Modified: 12/01/2025

Description

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.

Supplements: 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.

More Information MLS# RX-11130582

Contract Information

Listing Date: 2025-10-08 Status: Active Original List Price: 32000000 Auction: No List Price: $32,000,000 Current Price: $32,000,000 List Price/SqFt: 4912.49 Negotiable Seller Concessions YN: No

General Property Description

Type: Single Family Detached Governing Bodies: HOA Main Level Bedrooms: 1 Total Bedrooms: 5 Main Level Bathrooms: 1 Baths - Full: 5 Baths - Half: 1 Baths - Total: 5.1 Property Condition: New Construction Community Development District: No Year Built: 2025 SqFt - Total: 6514 SqFt - Living: 6514 SqFt Source: Floor Plan Guest House: No Gated Community: Yes Covered Spaces: 2 Year Roof Installed: 2025 Homeowners Assoc: Mandatory HOA/POA/COA (Monthly): 1100 Application Fee: 200 Association Deposit: No Membership Fee Required: No Capital Contribution: No Directions: Turn Oceanside onto E Shore Dr (SR-942) at Mile Marker 25. The destination is ahead on the left. Subdivision: SUMMERLAND ESTATES Development Name: The Seven Palms - A Key West Oasis Legal Desc: LT 17 SUMMERLAND ESTATES SUMMERLAND KEY PB2-167 OR365-904 OR367-388 OR774-400 OR774-1530 OR2018-597 OR2071-1193 OR2071-1 Lot SqFt: 145700 Waterfront: Yes Waterfrontage: 120 Front Exp: East Private Pool: Yes Pets Allowed: Yes Pets on Premises: No Total Floors/Stories: 2 Ttl Units in Complex: 7

Location Tax Legal

Area: 5940 County: Monroe Parcel ID: 00200610000000 Street #: 231 Street Dir: E Street Name: Shore Street Suffix: Drive Zip Code: 33040 Geo Lat: 24.657702 Geo Lon: -81.43772

Lease Info

Min Days to Lease: 1 Lease Times p/Year: 365

Private Pool Description

Pool Size (W x L): 8'12

Storm Protection

Impact Glass: Complete

Property Features

Design: Other Arch Construction: CBS View: Ocean Waterfront Details: Ocean Access Private Pool Description: Inground Lot Description: 2 to < 3 Acres; 4 to < 5 Acres Exterior Features: Deck; Open Balcony; Open Porch Interior Features: Built-in Shelves; Elevator; Foyer; Pantry; Walk-in Closet Furnished: Furniture Negotiable; Unfurnished Rooms: Laundry-Inside; Laundry-Util/Closet Parking: Carport - Attached; Covered; Driveway Pet Restrictions: No Restrictions Restrict: Lease OK Flooring: Tile; Wood Floor; Other Heating: Central; Central Building; Gas; Other Cooling: Ceiling Fan; Central Roof: Metal Terms Considered: Cash; Conventional Utilities: Public Sewer; Public Water Taxes: City/County

Room Information

Living Room Length: 19.00 Width: 19.00 Length: 19.00 Level: Lower Width: 19.00 Kitchen Length: 15.00 Width: 14.00 Length: 15.00 Level: Lower Width: 14.00 Master Bedroom Length: 16.00 Width: 16.00 Length: 16.00 Level: Second Width: 16.00
Listing Office: Serhant
Last Updated: December - 01 - 2025
231 E Shore Drive, Key West, FL 33040- MLS# RX-11130582
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2024 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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