We construct a new covariant action for flat self-dual gravity in four spacetime dimensions. The action has just one term, but when expanded around an appropriate background gives rise to a kinetic term and a cubic interaction. Upon imposing the light-cone gauge, the action reproduces the expected chiral interaction of Siegel. The new action is in many ways analogous to the known covariant action for self-dual Yang-Mills theory. There is also a sense in which the new self-dual gravity action exhibits the double copy of self-dual Yang-Mills structure.