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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

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.