231 E Shore Drive Unit 1,Key West, FL 33040
Key West, FL 33040
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.
Details
| MLS # | R11113396 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| HOA Dues | $1,391 |
| Sub-Type | New Construction |
| Status | Pending |
| Year | 2025 |
| Days On Site | 405 |
| Listing Provided By | Serhant | Stephanie Marinucci |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 6 Total |
| SQ Feet | 4,103 |
| Car Port | Yes |
| Pool | Yes |
| Story(s) | 2 |
| Zoning | SR |
| Acreage | 3.34 |
| Water Front | Yes |
| Property View | Yes |
Exterior
| Lot Features | Two To Three Acres |
|---|
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Attached Carport, Covered |
Taxes
| Tax Annual Amount | 19902.3 |
|---|
Location
| Community Features | Boat Facilities, Gated, Street Lights |
|---|
Area Information
| State | FL |
|---|---|
| County | Monroe |
| City | Key West |
| Zip Code | 33040 |
| Area | 5940 Other Florida County |
| Subarea | Other |
| Community Name | The Seven Palms A Key West Oasis |
| Listing VS Median (in The Seven Palms A Key West Oasis) | |
Price: $3,995,900 low | high Med: $4,250,000 sqft: 4,103 low | high Med: 4,103 $ / sqft: $974 low | high Med: $1,036 On site: 405 low | high Med: 405 | |
Market Activity 33040
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Learn More About This Property
| State | FL |
|---|---|
| County | Monroe |
| City | Key West |
| Zip Code | 33040 |
| Area | 5940 Other Florida County |
| Subarea | Other |
| Community Name | The Seven Palms A Key West Oasis |
| Listing VS Median (in The Seven Palms A Key West Oasis) | |
Price: $3,995,900 low | high Med: $4,250,000 sqft: 4,103 low | high Med: 4,103 $ / sqft: $974 low | high Med: $1,036 On site: 405 low | high Med: 405 | |
