17075 Overseas Highway, Sugarloaf Key, FL 33042
New Listing
$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:
3/06/2026
Description
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 and tiki bar, marina 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, 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 and possible nightly rental use. 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. NDA required for financials. Call for your exclusive showing!
More Information MLS# 618945
Contract Information
Listing Board: Key West Association
Limited Representation: No
Potential Short Sale: No
Bank Owned: No
Current Price: $45,000,000
Listing Date: 2026-03-05
List Price: $45,000,000
Location, Tax & Legal
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
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
General Property Description
Realtor.COM Type: Commercial
Waterfront: Yes
Control Depth: 3
Lot Size: 10.59
Lot SqFt: 461358
Business Name: Sugarloaf Lodge
Total Units: 0
Building SqFt: 25923
Style: Commercial
Living Apx SqFt: 4463
Year Built: 1958
Total Bedrooms: 31
Full Baths: 31
Total Baths: 31
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 and tiki bar, marina 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, 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 and possible nightly rental use. 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. NDA required for financials. Call for your exclusive showing!
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
License Info
# of Transient Licns: 55
5-Cop (Transferable): 1
SRX (Non-Transferab): 1
Type
Bar: 1
Hotel/Motel: 1
Marina: 1
Office Buildings: 1
Restaurant: 1
Retail: 1
Fee Includes
None: 1
Dockage
Basin: 1
Boat Ramp: 1
Appliances
Dishwasher: 1
Range: 1
Refrigerator: 1
Waterfront
Bay Front: 1
Waterview
Bay/Gulf View: 1
Construction
Combo Construction: 1
Land Size
10 or more Acres: 1
Utilities
FKAA: 1
Municipal Sewer: 1
Miscellaneous
Chickee Hut: 1
High Traffc Location: 1
High Visibility: 1
Highway Frontage: 1
Lobby: 1
Manager on Premises: 1
Open Water View: 1
Pool: 1
Residence on Premise: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Status: Active
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: March - 06 - 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.