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
Description
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.
More Information MLS# 593971
Contract Information
Listing Board: Key West Association
Limited Representation: No
Potential Short Sale: No
Bank Owned: No
For Sale/Lease: For Sale
Current Price: $6,250,000
Listing Date: 2021-01-04
Sold Price: $6,250,000
Location, Tax & Legal
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
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
General Property Description
Realtor.COM Type: Commercial
Waterfront: Yes
Control Depth: 4
Lot Size: 1.67 Acres
Lot SqFt: 72845
Business Name: Looe Key Resort
# Stories: 2
Building Ht. Ft.: 25
Building SqFt: 3969
Style: Commercial
Year Built: 1958
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.
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Type
Bar: 1
Restaurant: 1
Fee Includes
Other: 1
Dockage
Dock: Other
Boat Ramp: 1
Waterfront
Canal Front: 1
Waterview
Canal View: 1
Ocean View: 1
Construction
Other: 1
Land Size
1 Less Than 2 Acres: 1
Utilities
FKAA: 1
Municipal Sewer: 1
Propane: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Sold Date: 2021-07-29
Sold Price: $6,250,000
Status: Closed
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.