- MLS® #: RX-11130582
- 231 E Shore Dr
- Key West, FL 33040
- $32,000,000
- 5 Beds, 6 Bath, 6,514 SqFt
- Residential
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.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.
View Virtual TourEssential Information
- MLS® #RX-11130582
- Price$32,000,000
- Bedrooms5
- Bathrooms6.00
- Full Baths5
- Half Baths1
- Square Footage6,514
- Year Built2025
- TypeResidential
- Sub-TypeSingle Family Detached
- StyleOther Arch
- StatusActive
Community Information
- Address231 E Shore Dr
- Area5940
- SubdivisionSUMMERLAND ESTATES
- CityKey West
- CountyMonroe
- StateFL
- Zip Code33040
Amenities
- UtilitiesPublic Sewer, Public Water
- Parking Spaces2
- ViewOcean
- Is WaterfrontYes
- WaterfrontOcean Access
- Has PoolYes
- PoolInground
Amenities
Bike Storage, Boating, Elevator, Pickleball, Street Lights
Parking
Carport - Attached, Covered, Driveway
Interior
- CoolingCeiling Fan, Central
- # of Stories2
- Stories2.00
Interior Features
Built-in Shelves, Elevator, Foyer, Pantry, Walk-in Closet
Appliances
Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Smoke Detector, Washer
Heating
Central, Central Building, Gas, Other
Exterior
- Exterior FeaturesDeck, Open Balcony, Open Porch
- Lot Description2 to < 3 Acres, 4 to < 5 Acres
- RoofMetal
- ConstructionCBS
Additional Information
- Date ListedOctober 8th, 2025
- Days on Website38
- ZoningSR
- HOA Fees1100
- HOA Fees Freq.Monthly
- Office: Serhant
Property Location
231 E Shore Dr on www.webmail.jupiterabacoahomes.us
Offered at the current list price of $32,000,000, this home for sale at 231 E Shore Dr features 5 bedrooms and 6 bathrooms. This real estate listing is located in SUMMERLAND ESTATES of Key West, FL 33040 and is approximately 6,514 square feet. 231 E Shore Dr is listed under the MLS ID of RX-11130582 and has been available through www.webmail.jupiterabacoahomes.us for the Key West real estate market for 38 days.
All listings featuring the BMLS logo are provided by Beaches MLS Inc. Copyright 2025 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed.
© 2025 Beaches Multiple Listing Service, Inc. All rights reserved.
Listing information last updated on November 15th, 2025 at 4:30am CST.