27340 Overseas Highway, Ramrod Key, FL 33042 (MLS# 617400)

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: 4/14/2026 Last Modified: 4/14/2026

Overview

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 ... (Read more)

Listing Details MLS# 617400

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

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

General Property Description

Realtor.COM Type: Commercial
Style: Commercial
Lot SqFt: 72845
Waterfront: Yes
Control Depth: 4
Business Name: Looe Key Reef Resort
Off Street Parking: Yes
# Stories: 2
Total # Buildings: 4
Building SqFt: 10956
SqFt Source: Appraisal
Total Units: 25
Year Built: 1958

License Info

# of Transient Licns: 25

Association Info

Mandatory Home Owners Asc: No
1st Right of Refusal: No

More Information

Dockage

Dock: Concrete

Financial Status

Bank Owned: No
Potential Short Sale: No

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: April - 14 - 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.