17075 Overseas Highway, Sugarloaf Key, FL 33042
$45,000,000
Property Type:
Commercial Sale
Bedrooms:
31
Baths:
31
Square Footage:
4,463
Lot Size (sq. ft.):
461,358
Status:
Active
Current Price:
$45,000,000
List Date:
3/06/2026
Last Modified:
4/23/2026
Listing Details MLS# 618945
Location, Tax & Legal
- Street #
- 17075
- Street Name
- Overseas
- Street Suffix
- Highway
- Key/Island
- Sugarloaf Key
- State/Province
- FL
- Zip Code
- 33042
- Subdivision
- Sugarloaf Acres (19.5)
- County
- Monroe
- Area
- 06 - Bay Point to Sugarloaf
- City
- Sugarloaf
- Mile Marker
- 19.5
- Marathon Neighborhood
- N/A
- Side
- Bay/Gulf
- Flood Zone
- AE,VE
- Alternate Key #
- 1151939
- Parcel #
- 00118420-000000
- Zoning
- DR - Destination Resort District
- Legal
- 3 67 27 PT GOVT LTS 3 AND 4 SUGARLOAF KEY (10.59 AC) OR557-3
- Taxes
- 58785.54
- Tax Year
- 2025
Contract Information
- Listing Board
- Key West Association
- Limited Representation
- No
- Potential Short Sale
- No
- Bank Owned
- No
General Property Description
- Realtor.COM Type
- Commercial
- Style
- Commercial
- Lot SqFt
- 461358
- Waterfront
- Yes
- Control Depth
- 3
- Business Name
- Sugarloaf Lodge
- Building SqFt
- 25923
- Living Apx SqFt
- 4463
- Year Built
- 1958
- Total Bedrooms
- 31
- Full Baths
- 31
- Total Baths
- 31
- Total Units
- 0
License Info
- # of Transient Licns
- 55
- 5-Cop (Transferable)
- Yes
- SRX (Non-Transferab)
- Yes
Association Info
- Mandatory Home Owners Asc
- No
- 1st Right of Refusal
- No
More Information
Financial Status
- Bank Owned
- No
- Potential Short Sale
- No
Remarks & Misc
- Remarks – Consumer
- Rare opportunity to acquire Sugarloaf Lodge & Marina - 10.6± Acre Waterfront Resort Redevelopment Opportunity Near Key West, located on Lower Sugarloaf Key, 15 minutes from Key West along the Overseas Highway. Positioned on the waterfront of Sugarloaf Sound, this unique property offers significant resort redevelopment and expansion potential in one of the most supply-constrained hospitality markets in the USA. Historically the property operated as a larger waterfront lodge destination. Several hotel units were lost during Hurricane Wilma in 2005, however 24 development rights associated with those units remain vested, creating a rare opportunity to rebuild and expand the resort footprint. Based on existing development rights, potential density may allow future expansion to approximately 101 hotel rooms, subject to approvals. The 10.6-acre site includes an operating lodge, waterfront restaurant (real estate only) , tiki bar, marina (real estate only), dockage, pool, and resort amenities. The restaurant operates with an SRX liquor license, and the property also includes a separate transferable 5COP liquor license, a valuable asset allowing the sale of beer, wine, and spirits.Additional improvements include a commercial retail building with four office spaces (real estate only), which may be expanded or repositioned to support hospitality, marina, or retail uses, as well as a three-bedroom residential unit that may offer redevelopment potential. With 10.6 acres of waterfront land, existing hospitality use, vested development rights, and close proximity to Key West, the property offers a rare opportunity for investors seeking to develop a boutique waterfront resort, eco-luxury destination retreat, or marina resort redevelopment. Buyer to verify development rights, zoning, density, and redevelopment potential. Qualified buyers only. Shown by appointment only. Do not disturb staff or businesses. NDA required for information. Call for your exclusive showing!
Type
- Bar
- Yes
- Hotel/Motel
- Yes
- Marina
- Yes
- Office Buildings
- Yes
- Restaurant
- Yes
- Retail
- Yes
Fee Includes
- None
- Yes
Dockage
- Basin
- Yes
- Boat Ramp
- Yes
Appliances
- Dishwasher
- Yes
- Range
- Yes
- Refrigerator
- Yes
Waterfront
- Bay Front
- Yes
Waterview
- Bay/Gulf View
- Yes
Construction
- Combo Construction
- Yes
Land Size
- 10 or more Acres
- Yes
Utilities
- FKAA
- Yes
- Municipal Sewer
- Yes
Miscellaneous
- Chickee Hut
- Yes
- High Traffc Location
- Yes
- High Visibility
- Yes
- Highway Frontage
- Yes
- Lobby
- Yes
- Manager on Premises
- Yes
- Open Water View
- Yes
- Pool
- Yes
- Residence on Premise
- Yes
Property Features
License Info:
5-Cop (Transferable); SRX (Non-Transferab)
Type:
Bar; Hotel/Motel; Marina; Office Buildings; Restaurant; Retail
Waterfront:
Bay Front
Waterview:
Bay/Gulf View
Dockage:
Basin; Boat Ramp
Utilities:
FKAA; Municipal Sewer
Appliances:
Dishwasher; Range; Refrigerator
Miscellaneous:
Chickee Hut; High Traffc Location; High Visibility; Highway Frontage; Lobby; Manager on Premises; Open Water View; Pool; Residence on Premise
Construction:
Combo Construction
Land Size:
10 or more Acres
Fee Includes:
None
Listing Office:
The Agency Florida Keys
Last Updated: April - 23 - 2026
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.