231 E Shore Drive Unit 2, Summerland Key, FL 33040

$4,250,000

Virtual Tour

https://www.propertypanorama.com/231-E-Shore-Drive-Unit-2-Key-West-FL-33040/unbranded

Property Type: Residential Bedrooms: 5 Baths: 6 Square Footage: 6,514 Status: Active

Current Price: $4,250,000 List Date: 8/06/2025 Last Modified: 7/27/2026

Overview

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,

Supplements: and enjoy direct access to the sea from your assigned dock space in a private boat basin perfect 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, includi ... (Read more)

Listing Details MLS# R11113452

General Property Information

Number Of Units In Community: 7
Property Sub Type: Single Family Residence
Bedrooms Total: 5
Bathrooms Total: 6
Bathrooms Full: 5
Bathrooms Half: Yes
Building Area Main: 6514
Building Area Source: Plans
Living Area Main: 4103
Year Built: 2025
Carport YN: Yes
Attached Carport YN: Yes
Carport Spaces: 2
Covered Spaces: 2
Gated Community YN: Yes
Lot Size Area: 145700
Lot Size Acres: 3.34
Frontage Length: 120
Senior Community YN: No
Waterfront YN: Yes
Outdoor Living Spaces YN: Yes
Stories Total: 2
Stories: 2
Direction Faces: East
Pool Private YN: Yes
Furnished: Unfurnished
Year Roof Installed: 2025

Property Features

Flooring: Wood; Other Leasing Permitted Details: Okay To Lease Parking Features: Covered; Attached Carport; Carport Property Condition: New Construction Appliances: Dishwasher; Disposal; Dryer; Microwave; Refrigerator; Washer Architectural Style: Other Construction Materials: CBS Cooling: Ceiling Fan(s); Central Air Association Type: Homeowner Association Heating: Central; Central Building; Natural Gas; Other Interior Features: Built-in Features; Elevator; Entrance Foyer; Pantry; Walk-In Closet(s) Laundry Features: Inside; Laundry Closet Listing Terms: Cash; Conventional Pets Allowed YN: Yes Pets Allowed: No Restrictions Pool Features: In Ground Possession: Close Of Escrow Restrictions: No Restrictions Roof: Metal Security Features: Smoke Detector(s) Sewer: Public Sewer Structure Type: House Tax Information: City/County Utilities: Sewer Available; Water Available Water Access: Ocean Access Water Source: Public Water View: Ocean Showing Requirements: Appointment Only; Call Listing Agent Outdoor Living Spaces: Balcony; Deck; Porch Balcony Details: Balcony - Open Porch Details: Porch - Open Room Types: Kitchen; Laundry; Living Room; Master Bedroom Acreage Description: 3 To Less Than 4 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 40000000
Negotiable Seller Concessions YN: No

Location and Legal

Country: United States
County Or Parish: Monroe
County Parish Name: Monroe
Street Number: 231
Street Direction Prefix: E
Street Name: Shore
Street Suffix: Drive
Unit Number: Unit 2
City Name: Key West
State Or Province: FL
Postal Code: 33040
Postal Zip: 33040
Subdivision Name: The Seven Palms - A Key West Oasis
Development Name: The Seven Palms - A Key West Oasis
Area: 5940 - Other Florida County
Geographic Area: Other
Elementary School: Sugarloaf
Middle Or Junior School: Sugarloaf
High School: Key West
Special Assessment YN: No
Parcel Number: 00200610000000
Zoning: SR
Directions: Turn Oceanside onto E Shore Dr (SR-942) at Mile Marker 25. The destination is ahead on the left.

Financial Information

Association YN: Yes
Association Deposit YN: No
Association Fee: 1391
Association Fee Frequency: Monthly
Association Membership: Mandatory
Application Required YN: Yes
Estimated Monthly Assoc Recurring Fee: 1391
Membership Fee Required YN: No
Tax Annual Amount: 19000
Tax Year: 2024
Tax Legal Description: LT 17 SUMMERLAND ESTATES SUMMERLAND KEY PB2-167 OR365-904 OR367-388 OR774-400 OR774-1530 OR2018-597 OR2071-1193 OR2071

Status Change Information

Major Change Timestamp: 2026-01-27T17:02:00Z
Major Change Type: Price Change
Price Change Timestamp: 2026-01-27T17:02:00Z
Status Change Date: 2025-08-06

More Information

Application Fee Details

Application Fee Required: Yes
Application Fee: 200

Leasing Permitted Details

Leasing Permitted YN: Yes
Okay To Lease: Yes

Capital Contributions

Capital Contributions YN: Yes
Capital Contributions Amount: 16000

Main Level Rooms

Main Level Bathrooms: Yes
Main Level Bedrooms: Yes

Pool Size Details

Pool Size (WxL): 8'12

Leasing Restrictions

Leasing - Max Times Per Year: 365
Leasing - Minimum Number of Days: Yes

Storm Protection

Impact Glass: Complete

Room Types

Kitchen Level: Lower
Living Room Level: Lower
Master Bedroom Level: Second
Kitchen: Yes
Laundry: Yes
Living Room: Yes
Master Bedroom: Yes

Price Calculations

Current Price To SqFt: 1035.82

Originating Details

Originating System Key: 20250806165321319473000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Amenities

Bike Storage: Yes
Boating: Yes
Elevator(s): Yes
Pickleball Court(s): Yes
Street Lights: Yes

Flooring

Wood: Yes
Other: Yes

Parking Features

Covered: Yes
Attached Carport: Yes
Carport: Yes

Property Condition

New Construction: Yes

Structure Type

House: Yes

Possession

Close Of Escrow: Yes

Sewer

Public Sewer: Yes

Utilities

Sewer Available: Yes
Water Available: Yes

Heating

Central: Yes
Central Building: Yes
Natural Gas: Yes
Other: Yes

Water Access

Ocean Access: Yes

Water View

Ocean: Yes

Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Microwave: Yes
Refrigerator: Yes
Washer: Yes

Construction Materials

CBS: Yes

Interior Features

Built-in Features: Yes
Elevator: Yes
Entrance Foyer: Yes
Pantry: Yes
Walk-In Closet(s): Yes

Laundry Features

Inside: Yes
Laundry Closet: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Pool Features

In Ground: Yes

Roof

Metal: Yes

Security Features

Smoke Detector(s): Yes

Water Source

Public: Yes

Architectural Style

Other: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes

Association Type

Homeowner Association: Yes

Showing Requirements

Appointment Only: Yes
Call Listing Agent: Yes

Master Bedroom/Bath

Dual Sinks: Yes
Master Bdrm - Upstairs: Yes
Spa Tub & Shower: Yes

Pets Allowed YN

Yes: Yes

Pets Allowed

No Restrictions: Yes

Restrictions

No Restrictions: Yes

Tax Information

City/County: Yes

Outdoor Living Spaces

Balcony: Yes
Deck: Yes
Porch: Yes

Balcony Details

Balcony - Open: Yes

Porch Details

Porch - Open: Yes

Acreage Description

3 To Less Than 4 Acre Lot: Yes

Room Information

Room Name	Length	Width	Level
Living Room	19.00	19.00	Lower
Kitchen	15.00	14.00	Lower
Master Bedroom	16.00	16.00	Second
Laundry

Listing Office: Serhant

Last Updated: July - 27 - 2026

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 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

231 E Shore Drive Unit 2, Summerland Key, FL 33040 (MLS# R11113452)