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
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 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.
More Information MLS# 614607
Contract Information
Listing Board: Florida Keys
Limited Representation: No
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
For Sale/Lease: For Sale
Species List: No
Current Price: $13,775,000
Listing Date: 2025-04-12
List Price: $13,775,000
Location, Tax & Legal
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
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
General Property Description
Realtor.COM Type: Commercial
Waterfront: Yes
Control Depth: 5
Lot Size: 175 x 480
Lot SqFt: 87120
Total Units: 21
Off Street Parking: YES
# Stories: 2
SqFt Source: Property Data Card
Total # Buildings: 5
Building SqFt: 12788
Style: Commercial
Year Built: 1968
Total Bedrooms: 23
Full Baths: 23
Total Baths: 23
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: 1
Association Info
Mandatory Home Owners Asc: No
Voluntary Home Owners Asc: No
1st Right of Refusal: No
License Info
# of Transient Licns: 21
Type
Hotel/Motel: 1
Fee Includes
None: 1
Dockage
Dock: Wood
Basin: 1
Boat Lift: 1
Boat Ramp: 1
Seawall: Concrete
Appliances
Dryer: 1
Range: 1
Refrigerator: 1
Washer: 1
Property Info
# Boat Slips: 5
# Kitchens: 9
# Efficiencies: 21
# Refrigerators: 22
# Range/Ovens: 9
License Included: 1
1 Bed/Bath: 20
Cooling
Central Air: 1
Wall/Window Unit(s): 1
Waterfront
Bay Front: 1
Waterview
Bay/Gulf View: 1
Interior Features
Drapes/Blinds Incl: 1
Furnished: 1
Wet Bar: 1
Windows/Doors
Impact Rstnce Window: 1
Vehicle Storage
Off Street Parking: 1
Construction
CBS: 1
Land Size
2 Less Than 5 Acres: 1
Utilities
Buyer to Verify: 1
FKAA: 1
Property Rights
Multi-Use/Commercial: 1
Transient License: 1
Miscellaneous
Chickee Hut: 1
Handicap Access: 1
Open Water View: 1
Patio: 1
Pool: 1
Utility Building: 1
Roof
Metal Roof: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Status: Active
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.
