About 231 E Shore Dr
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.
Features of 231 E Shore Dr
MLS® # | RX-11130582 |
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Price | $32,000,000 |
Bedrooms | 5 |
Bathrooms | 6.00 |
Full Baths | 5 |
Half Baths | 1 |
Square Footage | 4,103 |
Acres | 3.34 |
Year Built | 2025 |
Type | Residential |
Sub-Type | Single Family Detached |
Style | Other Arch |
Status | New |
Community Information
Address | 231 E Shore Dr |
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Area | 5940 |
Subdivision | SUMMERLAND ESTATES |
City | Key West |
County | Monroe |
State | FL |
Zip Code | 33040 |
Amenities
Amenities | Bike Storage, Boating, Elevator, Pickleball, Street Lights |
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Utilities | Public Sewer, Public Water |
Parking Spaces | 2 |
Parking | Covered, Driveway, Carport - Attached |
View | Ocean |
Is Waterfront | Yes |
Waterfront | Ocean Access |
Has Pool | Yes |
Pool | Inground |
Interior
Interior Features | Built-in Shelves, Elevator, Foyer, Pantry, Walk-in Closet |
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Appliances | Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Smoke Detector, Washer |
Heating | Central, Gas, Other, Central Building |
Cooling | Ceiling Fan, Central |
Fireplace | No |
# of Stories | 2 |
Stories | 2.00 |
Exterior
Exterior Features | Open Porch, Deck, Open Balcony |
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Lot Description | 2 to < 3 Acres, 4 to < 5 Acres |
Roof | Metal |
Construction | CBS |
Additional Information
Zoning | SR |
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Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
HOA Fees | 1100 |
HOA Fees Freq. | Monthly |
Listing Details
Office | Serhant |
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