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000 Overseas Highway, Key Largo, FL 33037

$13,775,000
Property Type: Commercial Sale Bedrooms: 23 Baths: 23 Lot Size (sq. ft.): 87,120 Status: Active
Current Price: $13,775,000 List Date: 4/12/2025 Last Modified: 6/17/2025

Overview

Description

Opportunities like this are few and far between. Nestled on nearly 3 acres stretching from Overseas Highway to the sparkling waters of Florida Bay, this 21-room boutique hotel is a true hidden gem in the heart of Key Largo. Zoned Suburban Commercial and family-owned and operated for 35 years, this is one of the rarest bayfront hospitality offerings available in the Upper Keys. The property boasts direct bay access with dockage, a private beach, concrete boat ramp, concrete pool, outdoor grilling area, and multiple tiki huts—set against postcard-perfect sunset views. 11 of the rooms have been fully renovated with coastal modern kitchens, elegant bathroom tile, and furniture, while the remaining rooms have been freshly painted, furnished, and decorated income-producing - offering immediate rental income with room to elevate and expand. Walkable to fine dining, boutique shopping, and local attractions—yet entirely serene—this is more than a property; it's a rare piece of par ...

Listing Details MLS# 614607

Location, Tax & Legal

Street #
000
Street Name
Overseas Highway
Key/Island
Key Largo
State/Province
FL
Zip Code
33037
Subdivision
Misc Sub MM 97-107 (98.0)
County
Monroe
Area
27 - Key Largo MM 97-107
City
KEY LARGO
Off Shore Island
No
Mile Marker
0
Marathon Neighborhood
N/A
Side
Bay/Gulf
Flood Zone
AE9
Alternate Key #
000000
Parcel #
000000000
Zoning
SC - Sub Urban Commercial District
Taxes
31783
Tax Year
2024

Contract Information

Listing Board
Florida Keys
Limited Representation
No
As is Rght to Inspct
Yes
For Sale/Lease
For Sale
Potential Short Sale
No
Bank Owned
No
Species List
No

General Property Description

Realtor.COM Type
Commercial
Style
Commercial
Lot SqFt
87120
Waterfront
Yes
Control Depth
5
Off Street Parking
YES
# Stories
2
Total # Buildings
5
Building SqFt
12788
SqFt Source
Property Data Card
Total Units
21
Year Built
1968
Total Bedrooms
23
Full Baths
23
Total Baths
23

License Info

# of Transient Licns
21

Association Info

Mandatory Home Owners Asc
No
Voluntary Home Owners Asc
No
1st Right of Refusal
No

More Information

Property Info

# Boat Slips
5
# Kitchens
9
# Efficiencies
21
# Refrigerators
22
# Range/Ovens
9
1 Bed/Bath
20
License Included
Yes

Dockage

Dock
Wood
Seawall
Concrete
Basin
Yes
Boat Lift
Yes
Boat Ramp
Yes

Financial Status

Bank Owned
No
Potential Short Sale
No

Remarks & Misc

Remarks – Consumer
Opportunities like this are few and far between. Nestled on nearly 3 acres stretching from Overseas Highway to the sparkling waters of Florida Bay, this 21-room boutique hotel is a true hidden gem in the heart of Key Largo. Zoned Suburban Commercial and family-owned and operated for 35 years, this is one of the rarest bayfront hospitality offerings available in the Upper Keys. The property boasts direct bay access with dockage, a private beach, concrete boat ramp, concrete pool, outdoor grilling area, and multiple tiki huts—set against postcard-perfect sunset views. 11 of the rooms have been fully renovated with coastal modern kitchens, elegant bathroom tile, and furniture, while the remaining rooms have been freshly painted, furnished, and decorated income-producing - offering immediate rental income with room to elevate and expand. Walkable to fine dining, boutique shopping, and local attractions—yet entirely serene—this is more than a property; it's a rare piece of paradise ready to become the next iconic destination in the Keys. With ample space for redevelopment and additional value-add opportunities, this is a rare find for investors or hoteliers seeking a turn-key operation with major upside potential. Don't miss your chance to own a piece of paradise in one of the most desirable destinations in the Florida Keys. NO SIGN ON PROPERTY. PLEASE CALL FOR SHOWINGS AND DO NOT WALK PROPERTY WITHOUT LISTING AGENT.

Deed Restrictions

No
Yes

Type

Hotel/Motel
Yes

Fee Includes

None
Yes

Appliances

Dryer
Yes
Range
Yes
Refrigerator
Yes
Washer
Yes

Cooling

Central Air
Yes
Wall/Window Unit(s)
Yes

Waterfront

Bay Front
Yes

Waterview

Bay/Gulf View
Yes

Interior Features

Drapes/Blinds Incl
Yes
Furnished
Yes
Wet Bar
Yes

Windows/Doors

Impact Rstnce Window
Yes

Vehicle Storage

Off Street Parking
Yes

Construction

CBS
Yes

Land Size

2 Less Than 5 Acres
Yes

Utilities

Buyer to Verify
Yes
FKAA
Yes

Property Rights

Multi-Use/Commercial
Yes
Transient License
Yes

Miscellaneous

Chickee Hut
Yes
Handicap Access
Yes
Open Water View
Yes
Patio
Yes
Pool
Yes
Utility Building
Yes

Roof

Metal Roof
Yes

Property Features

Deed Restrictions: No Property Info: License Included Type: Hotel/Motel Waterfront: Bay Front Waterview: Bay/Gulf View Dockage: Basin; Boat Lift; Boat Ramp Vehicle Storage: Off Street Parking Cooling: Central Air; Wall/Window Unit(s) Utilities: Buyer to Verify; FKAA Interior Features: Drapes/Blinds Incl; Furnished; Wet Bar Appliances: Dryer; Range; Refrigerator; Washer Miscellaneous: Chickee Hut; Handicap Access; Open Water View; Patio; Pool; Utility Building Construction: CBS Roof: Metal Roof Land Size: 2 Less Than 5 Acres Fee Includes: None Property Rights: Multi-Use/Commercial; Transient License
Listing Office: Berkshire Hathaway HomeServices Keys Real Estate - Islamorada
Last Updated: June - 17 - 2025
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.
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