$32,000,000
Key West, FL 33040
MLS# RX-11130582
5 beds | 5.1 baths | 6514 sqft
1 / 7
Property Description
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.
Details
Contract Information
Auction: No
List Price/SqFt: 4912.49
Negotiable Seller Concessions YN: No
Listing Date: 2025-10-08
Status: Active
Original List Price: 32000000
List Price: $32,000,000
Current Price: $32,000,000
General Property Description
Governing Bodies: HOA
Main Level Bedrooms: 1
Main Level Bathrooms: 1
Property Condition: New Construction
Community Development District: No
SqFt - Total: 6514
Waterfront: Yes
SqFt Source: Floor Plan
Waterfrontage: 120
Guest House: No
Gated Community: Yes
Covered Spaces: 2
Development Name: The Seven Palms - A Key West Oasis
Homeowners Assoc: Mandatory
Pets Allowed: Yes
Pets on Premises: No
Front Exp: East
HOA/POA/COA (Monthly): 1100
Year Roof Installed: 2025
Application Fee: 200
Association Deposit: No
Directions: Turn Oceanside onto E Shore Dr (SR-942) at Mile Marker 25. The destination is ahead on the left.
Membership Fee Required: No
Ttl Units in Complex: 7
Capital Contribution: No
Private Pool: Yes
Type: Single Family Detached
Total Bedrooms: 5
Baths - Full: 5
Baths - Half: 1
Baths - Total: 5.1
Year Built: 2025
SqFt - Living: 6514
Subdivision: SUMMERLAND ESTATES
Legal Desc: LT 17 SUMMERLAND ESTATES SUMMERLAND KEY PB2-167 OR365-904 OR367-388 OR774-400 OR774-1530 OR2018-597 OR2071-1193 OR2071-1
Lot SqFt: 145700
Total Floors/Stories: 2
Location, Tax & Legal
Geo Area: Other Geographic Area
Country: United States
State/Province: FL
HOPA: No Hopa
Short Sale: No
Tax Year: 2024
Zoning: SR
Short Sale A/U: N/A
Short Sale Addendum: No
Taxes: 19902.3
Special Assessment: No
REO: No
Area: 5940
County: Monroe
Parcel ID: 00200610000000
Street #: 231
Street Dir: E
Street Name: Shore
Street Suffix: Drive
Zip Code: 33040
Geo Lat: 24.657702
Geo Lon: -81.43772
Office/Member Info
DXORIGMLNO: RX-11130582
DXORIGMLSID: RML
Lease Info
Min Days to Lease: 1
Lease Times p/Year: 365
Design
Other Arch: 1
Construction
CBS: 1
Master Bedroom/Bath
Dual Sinks: 1
Mstr Bdrm - Upstairs: 1
Spa Tub & Shower: 1
View
Ocean: 1
Rooms
Laundry-Inside: 1
Laundry-Util/Closet: 1
Waterfront Details
Ocean Access: 1
Lot Description
2 to < 3 Acres: 1
4 to < 5 Acres: 1
Equip/Appl Included
Dishwasher: 1
Disposal: 1
Dryer: 1
Microwave: 1
Refrigerator: 1
Smoke Detector: 1
Washer: 1
Private Pool Description
Inground: 1
Pool Size (W x L): 8'12
Cooling
Ceiling Fan: 1
Central: 1
Heating
Central: 1
Central Building: 1
Gas: 1
Other: 1
Exterior Features
Deck: 1
Open Balcony: 1
Open Porch: 1
Furnished
Furniture Negotiable: 1
Unfurnished: 1
Interior Features
Built-in Shelves: 1
Elevator: 1
Foyer: 1
Pantry: 1
Walk-in Closet: 1
Flooring
Tile: 1
Wood Floor: 1
Other: 1
Utilities
Public Sewer: 1
Public Water: 1
Parking
Carport - Attached: 1
Covered: 1
Driveway: 1
Pet Restrictions
No Restrictions: 1
Restrict
Lease OK: 1
Roof
Metal: 1
Subdiv. Amenities
Bike Storage: 1
Boating: 1
Elevator: 1
Pickleball: 1
Street Lights: 1
Terms Considered
Cash: 1
Conventional: 1
Storm Protection
Impact Glass: Complete
Taxes
City/County: 1
Property Features
Design: Other Arch
Construction: CBS
View: Ocean
Waterfront Details: Ocean Access
Private Pool Description: Inground
Lot Description: 2 to < 3 Acres; 4 to < 5 Acres
Exterior Features: Deck; Open Balcony; Open Porch
Interior Features: Built-in Shelves; Elevator; Foyer; Pantry; Walk-in Closet
Furnished: Furniture Negotiable; Unfurnished
Rooms: Laundry-Inside; Laundry-Util/Closet
Parking: Carport - Attached; Covered; Driveway
Pet Restrictions: No Restrictions
Restrict: Lease OK
Flooring: Tile; Wood Floor; Other
Heating: Central; Central Building; Gas; Other
Cooling: Ceiling Fan; Central
Roof: Metal
Terms Considered: Cash; Conventional
Utilities: Public Sewer; Public Water
Taxes: City/County
Supplements
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.
Room Information
| Room Name | Length | Width | Length | Level | Width |
| Living Room | 19.00 | 19.00 | 19.00 | Lower | 19.00 |
| Kitchen | 15.00 | 14.00 | 15.00 | Lower | 14.00 |
| Master Bedroom | 16.00 | 16.00 | 16.00 | Second | 16.00 |
Listing Office: Serhant
Last Updated: December - 01 - 2025
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.
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