97850 Overseas HWY, Key Largo, FL 33037
97850 Overseas HWY, Key Largo, FL 33037
97850 Overseas HWY, Key Largo, FL 33037
97850 Overseas HWY, Key Largo, FL 33037
97850 Overseas HWY, Key Largo, FL 33037
97850 Overseas HWY, Key Largo, FL 33037
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American Caribbean Real Estate

American Caribbean Real Estate

+1(305) 451-4078
Listed by Kim Bagnell Thaler Ocean Sotheby's International Realty
$ 12,450,000
Est. payment | /mo

22 Beds

21 Baths

2 Acres Lot

Save
$ 12,450,000
Est. payment | /mo
Save

22 Beds

21 Baths

2 Acres Lot

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Misc Sub Mm 97-107 (98.0)

MLS Listing ID 620702

Bedrooms 22

Full Baths 21

HOA Y/N No

Year Built 1968

Annual Tax Amount $36,459

Tax Year 2025

Lot Size 2.000 Acres

Acres 2.0

Lot Dimensions 174 X 487

Property Sub-Type Commercial

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.

Location

State FL

County Monroe

Area 27 - Key Largo Mm 97-107

Zoning SC - Sub Urban Commercial District

Interior

Interior Features Smoke Alarms, Window Treatments, Furnished

Heating Electric, Ductless

Cooling Wall/Window Unit(s), Ceiling Fans(s), Central Air

Flooring Tile

Window Features Impact Rstnce Window

Appliance Dryer, Washer, Range, Refrigerator

Exterior

Parking Features Common Parking, Guest, Off Street

Utilities Available FKAA, Municipal Sewer, Buyer To Verify

Waterfront Description Bay Front, Open Water, Gulf Front

Roof Type Metal Roof

Garage No

Others

HOA Fee Include None

Tax ID 00091050000000

Miscellaneous Chickee Hut, High Visibility, Open Water View, Highway Frontage, Handicap Access, Utility Building, High Traffic Location, Patio, Fencing, Lobby, Pool

Acceptable Financing Private Financing Available, No Seller Finance, Buyer Obtain Finance

Listing Terms Private Financing Available, No Seller Finance, Buyer Obtain Finance

Nearby Locations

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97850 Overseas HWY