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231 E Shore Drive, Unit 3, Key West, FL 33040

$4,375,000

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Property 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 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, including on-site pickleball courts and a serene waterfront atmosphere all 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.

231 E Shore Drive, Unit Unit 3 | MLS# R11113457

This single family home located at 231 E Shore Drive, Unit Unit 3, Key West, FL 33040 is currently listed for sale with an asking price of $4,375,000. This property was built in 2025 and has 5 bedrooms and 5 full and 1 partial baths with 6514 sq. ft. E Shore Drive, Unit Unit 3 is located in the The Seven Palms - A Key West Oasis subdivision. Search The Seven Palms - A Key West Oasis real estate on www.watsonrealtycorp.com today.

Property Features

Property Type: Residential - Single Family
Cooling: Central Air, Ceiling Fan(s)
Heating: Central, Natural Gas, Other, Central Building
Lot Size: 3.34 Acres
Roof Type: Metal
Stories: 2.0
Taxes: $19,000
Year Built: 2025
Square Feet: 6,514

Amenities

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

Feature Descriptions

Appliances: Dryer, Disposal, Dishwasher, Microwave, Refrigerator, Washer
Association Amenities: Boating, Elevator(s), Bike Storage, Pickleball Court(s), Street Lights
Carport Spaces: 2
Days on Site: 236
Exterior: CBS
Flooring: Other, Wood
Furnished: Unfurnished
HOA Fee: $1391/ Monthly
Laundry: Laundry Closet, Inside
Parcel#: 00200610000000
Parking: Attached Carport, Covered
Parking Notes: Attached Carport, Covered
Patio/Porch: Porch - Open, Deck, Porch
Pets Allowed: Yes, No Restrictions
Pool: In Ground
Security: Smoke Detector(s)
Sewer: Public Sewer
Special View Info: Ocean
SQFT Living: 4103
Swimming Pool: Yes
Total Rooms: 4
Utilities: Sewer Available, Water Available
Utilities: Sewer Available, Water Available
Water: Public
Waterfront Features: Ocean Access

Room Sizes

Living Room: 19 X 19 Level Lower
Kitchen: 14 X 15 Level Lower
Primary Bedroom: 16 X 16 Level Second

Local Schools

High School: Key West
Middle School: Sugarloaf
Elementary School: Sugarloaf

Listed By / Shown By

Listed By

Agency Name: Serhant
Agency Phone: 561-203-2762

Shown By

Agency Title: Watson Realty Corp., REALTORS ®
Agency Phone: (866) 243-8193

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Estimated Payment

$ 23,956.29 per month $21,096.91 Principal & Interest $1,583.33 Property Tax $1,276.04 Homeowner's Insurance

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