27340 Overseas Highway, Ramrod Key, FL 33042
$6,250,000
Property Type:
Commercial
Lot Size (sq. ft.):
72,845
Status:
Closed
Current Price:
$6,250,000
List Date:
1/04/2021
Last Modified:
9/09/2024
Overview
Description
Listing Details MLS# 593971
Location, Tax & Legal
- Street #
- 27340
- Street Name
- Overseas
- Street Suffix
- Highway
- Key/Island
- Ramrod Key
- State/Province
- FL
- Zip Code
- 33042
- Subdivision
- Breezeswept Bch Est (27.5)
- County
- Monroe
- Area
- 09 - Ramrod Key
- City
- Ramrod
- Off Shore Island
- No
- Mile Marker
- 27.5
- Marathon Neighborhood
- N/A
- Side
- Ocean
- Alternate Key #
- 1264229
- Parcel #
- 00200900-000000
- Zoning
- SC - Sub Urban Commercial District
- Taxes
- 49808
- Tax Year
- 2020
Contract Information
- Listing Board
- Key West Association
- Limited Representation
- No
- For Sale/Lease
- For Sale
- Potential Short Sale
- No
- Bank Owned
- No
General Property Description
- Realtor.COM Type
- Commercial
- Style
- Commercial
- Lot SqFt
- 72845
- Waterfront
- Yes
- Control Depth
- 4
- Business Name
- Looe Key Resort
- # Stories
- 2
- Building Ht. Ft.
- 25
- Building SqFt
- 3969
- Year Built
- 1958
Status Change Info
- Sold Date
- 2021-07-29
Association Info
- Mandatory Home Owners Asc
- No
- 1st Right of Refusal
- No
Dockage
- Dock
- Other
- Boat Ramp
- Yes
More Information
Financial Status
- Bank Owned
- No
- Potential Short Sale
- No
Remarks & Misc
- Remarks – Consumer
- Unique opportunity to purchase an operating, money making Resort in the Lower Keys. Profitable return with Absentee Owner and Active Management. Appraised value completed March 2020 of $6.7 Million. Looe Key Reef Resort & Dive Center sits on 1.67 Acres & located Oceanside at Mile Marker 27.3. Includes 24 unit canalfront Hotel. CBS building two stories & 150 Seat Tiki Hut Restaurant & Bar with brand new Food Trailer Kitchen plus one of the most established Dive Shop's in the Keys. 3 Buildings total. Plus Two 5 COP Liquor licenses, 35' Custom Dive/ Snorkel boat. all dive shop rental gear, name, numbers, website & domain name LooeKeyReefResort.com. Ample customer parking. Two COM lots on Indies Dr. available for extra $175,000 each. Limited competition in the Lower Keys.
Type
- Bar
- Yes
- Restaurant
- Yes
Fee Includes
- Other
- Yes
Waterfront
- Canal Front
- Yes
Waterview
- Canal View
- Yes
- Ocean View
- Yes
Construction
- Other
- Yes
Land Size
- 1 Less Than 2 Acres
- Yes
Utilities
- FKAA
- Yes
- Municipal Sewer
- Yes
- Propane
- Yes
Property Features
Type:
Bar; Restaurant
Waterfront:
Canal Front
Waterview:
Canal View; Ocean View
Dockage:
Boat Ramp
Utilities:
FKAA; Municipal Sewer; Propane
Construction:
Other
Land Size:
1 Less Than 2 Acres
Fee Includes:
Other
Listing Office:
RE/MAX Keys Connection (KW)
Last Updated: September - 09 - 2024
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.