27340 Overseas Highway, Ramrod Key, FL 33042
$12,250,000
Property Type:
Commercial Sale
Lot Size (sq. ft.):
72,845
Status:
Active
Current Price:
$12,250,000
List Date:
11/21/2025
Last Modified:
11/21/2025
Description
Offering Overview
This sale includes a rare combination of income-producing assets, valuable licenses, and entitlements in the Florida Keys, at appraised value consisting of:
• 25 Transient Rental Licenses - Currently in use and potentially available to be moved to another qualifying development, subject to all applicable approvals.
• 150-Seat Restaurant - Established food & beverage venue with a newer tiki structure, ideal for waterfront or resort-style dining.
• 5COP Quota Liquor License available separately - A valuable, transferable 5COP license allowing for the sale of beer, wine, and spirits for on-premises consumption, providing significant upside for the restaurant and bar operation which also allows for packaged Liquor sales.
• 25-Room Hotel - Turnkey lodging operation benefiting from the transient licenses and strong Florida Keys tourism demand.
• Dive Shop & Vessel - A popular, well-respected Florida Keys dive operation, including a 49-passenger coast guard approved Vessel with its own 2cop bar license allowing for wine and beer sales, retail/gear component, and a established customer base.
More Information MLS# 617400
Contract Information
Listing Board: Key West Association
Limited Representation: No
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
Species List: No
Current Price: $12,250,000
Listing Date: 2025-11-21
List Price: $12,250,000
Location, Tax & Legal
City: Ramrod
Off Shore Island: No
Mile Marker: 27.5
Marathon Neighborhood: N/A
Side: Ocean
Flood Zone: AE,AE,AE
Alternate Key #: 1264229
Parcel #: 00200900-000000
Zoning: SC - Sub Urban Commercial District
Legal: BREEZESWEPT BEACH EST PB4-143 RAMROD KEY LTS 10-13 AND PT LT 14 BK 1 AND PT ADJ TRINIDAD RD (RES NO 248-1988) OR396-1077
Taxes: 93580.96
Tax Year: 2024
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: Irregular
Lot SqFt: 72845
Business Name: Looe Key Reef Resort
Total Units: 25
Off Street Parking: Yes
# Stories: 2
SqFt Source: Appraisal
Total # Buildings: 4
Building SqFt: 10956
Style: Commercial
Year Built: 1958
Remarks & Misc
Remarks – Consumer: Offering Overview
This sale includes a rare combination of income-producing assets, valuable licenses, and entitlements in the Florida Keys, at appraised value consisting of:
• 25 Transient Rental Licenses - Currently in use and potentially available to be moved to another qualifying development, subject to all applicable approvals.
• 150-Seat Restaurant - Established food & beverage venue with a newer tiki structure, ideal for waterfront or resort-style dining.
• 5COP Quota Liquor License available separately - A valuable, transferable 5COP license allowing for the sale of beer, wine, and spirits for on-premises consumption, providing significant upside for the restaurant and bar operation which also allows for packaged Liquor sales.
• 25-Room Hotel - Turnkey lodging operation benefiting from the transient licenses and strong Florida Keys tourism demand.
• Dive Shop & Vessel - A popular, well-respected Florida Keys dive operation, including a 49-passenger coast guard approved Vessel with its own 2cop bar license allowing for wine and beer sales, retail/gear component, and a established customer base.
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
License Info
# of Transient Licns: 25
5-Cop (Transferable): 1
Other/See Remarks: 1
Type
Bar: 1
Hotel/Motel: 1
Restaurant: 1
Other Services: 1
Fee Includes
None: 1
Dockage
Dock: Concrete
Boat Ramp: 1
Property Info
License Included: 1
Cooling
Ceiling Fans(s): 1
Wall/Window Unit(s): 1
Waterfront
Canal Front: 1
Waterview
Canal View: 1
Floor
Concrete: 1
Tile: 1
Interior Features
Furnished: 1
Smoke Alarms: 1
Vehicle Storage
Common Parking: 1
Construction
Other: 1
Land Size
1 Less Than 2 Acres: 1
Utilities
FKAA: 1
Municipal Sewer: 1
Property Rights
Transient License: 1
Miscellaneous
Chickee Hut: 1
Elevator: 1
Handicap Access: 1
High Traffc Location: 1
Highway Frontage: 1
Pool: 1
Roof
Other Roof: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Status: Active
Property Features
License Info: 5-Cop (Transferable); Other/See Remarks
Property Info: License Included
Type: Bar; Hotel/Motel; Restaurant; Other Services
Waterfront: Canal Front
Waterview: Canal View
Dockage: Boat Ramp
Vehicle Storage: Common Parking
Cooling: Ceiling Fans(s); Wall/Window Unit(s)
Utilities: FKAA; Municipal Sewer
Interior Features: Furnished; Smoke Alarms
Miscellaneous: Chickee Hut; Elevator; Handicap Access; High Traffc Location; Highway Frontage; Pool
Construction: Other
Floor: Concrete; Tile
Roof: Other Roof
Land Size: 1 Less Than 2 Acres
Fee Includes: None
Property Rights: Transient License
Listing Office:
Berkshire Hathaway HomeServices Knight & Gardner Realty
Last Updated: November - 21 - 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.