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97850 Overseas Highway

Key Largo, FL 33037
  • $12,450,000
  • STATUS: Active
  • ON SITE: 16 Days
  • MLS #: 620702
UPDATED: 49 min ago
$12,450,000
  • 22
    BEDS
  • 2
    ACRES
  • 21
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1968
County:

School Ratings & Info

Description

Located on approximately 2 acres of upland and nearly one acre of bay bottom, this 21-room boutique hotel offers direct access to Florida Bay and stunning waterfront living in South Key Largo. Stretching from the Overseas Highway to the pristine waters of Florida Bay, the property is a true hidden gem. Family-owned, well maintained, and one of the Upper Keys' rarest bay front hospitality investment opportunities. Enjoy protected dockage with direct bay access, a private sandy beach, a concrete boat ramp, a heated and chilled swimming pool, outdoor grilling areas, and multiple tiki huts. Guests also benefit from spectacular year-round sunset views, creating a memorable Keys experience. 10 guest rooms have been tastefully renovated with a modern coastal design, while the remaining rooms have been refreshed with new paint and updated furnishings, delivering immediate rental income with strong upside potential to further increase revenue and value. Ideally located near dining, shopping, and the area's most popular attractions, this exceptional property offers a variety of possibilities: continue operating as a cherished boutique hotel, reposition to enhance performance, or redevelop into an even more valuable waterfront destination. A truly rare, turnkey investment with tremendous upside in one of the Florida Keys' most desirable locations.

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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Keys Home Network are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
www.keyshomenetwork.com/homes/179083546
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97850 Overseas Highway Key Largo, FL 33037

  • Price: $12,450,000
  • Status: Active
  • On Site: 16 Days
  • Updated: 49 min ago
  • MLS #: 620702
22
Beds
21
Baths
0
½ Baths
2
Acres
1968
Built
Neighborhood:
Misc Sub Mm 97-107 (98.0)
County:
Monroe
Area:
27 - Key Largo Mm 97-107
Property Description
Located on approximately 2 acres of upland and nearly one acre of bay bottom, this 21-room boutique hotel offers direct access to Florida Bay and stunning waterfront living in South Key Largo. Stretching from the Overseas Highway to the pristine waters of Florida Bay, the property is a true hidden gem. Family-owned, well maintained, and one of the Upper Keys' rarest bay front hospitality investment opportunities. Enjoy protected dockage with direct bay access, a private sandy beach, a concrete boat ramp, a heated and chilled swimming pool, outdoor grilling areas, and multiple tiki huts. Guests also benefit from spectacular year-round sunset views, creating a memorable Keys experience. 10 guest rooms have been tastefully renovated with a modern coastal design, while the remaining rooms have been refreshed with new paint and updated furnishings, delivering immediate rental income with strong upside potential to further increase revenue and value. Ideally located near dining, shopping, and the area's most popular attractions, this exceptional property offers a variety of possibilities: continue operating as a cherished boutique hotel, reposition to enhance performance, or redevelop into an even more valuable waterfront destination. A truly rare, turnkey investment with tremendous upside in one of the Florida Keys' most desirable locations.
Exterior Features

Attached Garage YN No Construction Materials CBSConcrete Dock Wood Dockage Boat Ramp Exterior Features [] Parking Features [] Roof Metal Roof Vehicle Storage Common ParkingGuest ParkingOff Street Parking View [] Waterview Open Water ViewBay/Gulf View Window Features [] Windows Doors Impact Rstnce Window

Interior Features

Appliances RefrigeratorRangeWasherDryer Cooling Central AirWall/Window Unit(s)Ceiling Fans(s) Cooling YN Yes Flooring Tile Heating DuctlessElectric Heating YN True Interior Smoke AlarmsFurnishedWindow Treatments Interior Features [] Number Of Efficiencies 21 Number Of Kitchens 9 Number Of Range Ovens 9 Number Of Refrigerators 21

Property Features

Association Fee Includes None Association YN No Association1st Right Of Refusal No Bank Owned No Business Type Hotel/Motel Control Depth 5 Electric [] Flood Zone AE9 Frontage Type [] Land Size 2 Less Than 5 Acres Listing Terms No Seller FinancePrivate Financing AvailableBuyer Obtain Finance Marathon Nbhd N/A Mile Marker 98 Miscellaneous Chickee HutHandicap AccessLobbyPatioUtility BuildingFencingHigh Traffc LocationHigh VisibilityHighway FrontageOpen Water ViewPool Number Of Boat Slips 5 Number Of Transient License 21 Off Street Parking Yes Potential Short Sale No Property Info License Included Property Rights Transient LicenseMulti-Use/Commercial Property Sub Type Commercial Seawall Concrete Special Licenses Transient License Tax Annual Amount 36459.3 Tax Legal Description 6 62 39 Island Of Key Largo Pb 1-59 Pt Lot 10 & .8Ac Bay Btm Or378-474(Ii Deed 24324) Or513-584 Or817-1441/1442 Or817-14 Tax Year 2025 Tenant Pays [] Utilities [] Utilities Info FKAAMunicipal SewerBuyer to Verify Waterfront Bay FrontGulf FrontOpen Water Waterfront Features [] Waterfront YN Yes Zoning SC - Sub Urban Commercial District

Listing courtesy of Kim Bagnell Thaler of Ocean Sotheby's International Realty: 305-712-8888.


The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Florida Keys MLS, Inc. Real estate listings held by brokerage firms other than Keys Home Network are marked with the MLS Logo and detailed information about them include the name of the listing broker's office.
 
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