97601 Overseas Highway, Key Largo, FL 33037
$29,975,000
Property Type:
Commercial Sale
Lot Size (sq. ft.):
319,730
Status:
Active
Current Price:
$29,975,000
List Date:
7/17/2025
Last Modified:
9/29/2025
Description
Seize this rare opportunity to develop one of the largest entitled waterfront parcels in the Florida Keys!
This expansive 7.34-acre waterfront assemblage offers an unparalleled chance to build in a high-demand location with significant entitlements already in place. Featuring 56 permanent ROGO exemptions for residential units and 15 transient exemptions, the site allows for a versatile mix of long-term and short-term vacation rentals, or hotel accommodations.
Additional entitlements include 30 wet slips, offering substantial marina development potential. Located oceanside at MM 97, the property provides excellent highway visibility and immediate access to boating, diving, and fishing in the Florida Keys.
With flexible zoning across multiple land use districts (MU, SC, UR, URM), the site supports a wide variety of uses, including residential, vacation rentals, hospitality, RV park, and boat storage.
Whether you're envisioning a boutique resort, luxury marina community, or mixed-use waterfront destination, this is a truly one-of-a-kind investment opportunity in Monroe County.
More Information MLS# 615835
Contract Information
Listing Board: Florida Keys
Limited Representation: No
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
Species List: No
Current Price: $29,975,000
Listing Date: 2025-07-17
List Price: $29,975,000
Location, Tax & Legal
City: KEY LARGO
Off Shore Island: No
Mile Marker: 97.5
Marathon Neighborhood: N/A
Side: Ocean
Flood Zone: AE,AE,VE,VE,AE,0.2 P
Alternate Key #: 1679917
Add'l Parcel #1: 00554710-000000
Parcel #: 00554420-000000
Add'l Parcel #2: 00554760-000000
Zoning: SC - Sub Urban Commercial District
Legal: BK 2 LTS 1-2-3-4-5-6-7-8-30-31-32-33 AND SWLY 200FT X 250FT SQR 3 AND BK 4 LTS 1-2 AND PT 1ST ST AND PT 2ND ST MANDALAY
Taxes: 41411.06
Tax Year: 2024
Street #: 97601
Street Name: Overseas
Street Suffix: Highway
Key/Island: Key Largo
State/Province: FL
Zip Code: 33037
Subdivision: Mandalay (97.5)
County: Monroe
Area: 27 - Key Largo MM 97-107
General Property Description
Realtor.COM Type: Commercial
Waterfront: Yes
Control Depth: 4
Lot Size: 7,34 acres
Lot SqFt: 319730
Business Name: Blue Fin Rock Harbor
SqFt Source: Survey
Building SqFt: 0
Style: Commercial
Remarks & Misc
Remarks – Consumer: Seize this rare opportunity to develop one of the largest entitled waterfront parcels in the Florida Keys!
This expansive 7.34-acre waterfront assemblage offers an unparalleled chance to build in a high-demand location with significant entitlements already in place. Featuring 56 permanent ROGO exemptions for residential units and 15 transient exemptions, the site allows for a versatile mix of long-term and short-term vacation rentals, or hotel accommodations.
Additional entitlements include 30 wet slips, offering substantial marina development potential. Located oceanside at MM 97, the property provides excellent highway visibility and immediate access to boating, diving, and fishing in the Florida Keys.
With flexible zoning across multiple land use districts (MU, SC, UR, URM), the site supports a wide variety of uses, including residential, vacation rentals, hospitality, RV park, and boat storage.
Whether you're envisioning a boutique resort, luxury marina community, or mixed-use waterfront destination, this is a truly one-of-a-kind investment opportunity in Monroe County.
Directions: Use this GPS reference for main access point:
81 E. 2nd Street, Key Largo, FL 33037
Next to the Mariners Club MM 97.5 oceanside
Deed Restrictions
No: 1
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
License Info
# of Transient Licns: 15
Type
Marina: 1
Mobile Home Park: 1
Other Comrcl Style: 1
Fee Includes
Other: 1
Misc Property Info
Recorded Plat: Yes
Dockage
Dock: Other
Boat Ramp: 1
Boat Slip: 1
Appliances
No Appliances: 1
Property Info
# Boat Slips: 30
Cooling
None: 1
Waterfront
Oceanfront: 1
Open Water: 1
Waterview
Ocean View: 1
Open Water View: 1
Vehicle Storage
Guest Parking: 1
Common Parking: 1
Trailer Storage: 1
Construction
Other: 1
Land Size
5 Less Than 10 Acres: 1
Utilities
Buyer to Verify: 1
FKAA: 1
Municipal Sewer: 1
Separate Meters: 1
Title
Title Ins - Buyer: 1
Property Rights
Multi-Use/Commercial: 1
Tranfrble Bldg Prmt: 1
Tranfrble Dev Right: 1
Transient License: 1
Auction Info
Auction: No
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Status: Active
Property Features
Deed Restrictions: No
Type: Marina; Mobile Home Park; Other Comrcl Style
Waterfront: Oceanfront; Open Water
Waterview: Ocean View; Open Water View
Dockage: Boat Ramp; Boat Slip
Vehicle Storage: Common Parking; Guest Parking; Trailer Storage
Cooling: None
Utilities: Buyer to Verify; FKAA; Municipal Sewer; Separate Meters
Appliances: No Appliances
Construction: Other
Land Size: 5 Less Than 10 Acres
Fee Includes: Other
Title: Title Ins - Buyer
Property Rights: Multi-Use/Commercial; Tranfrble Bldg Prmt; Tranfrble Dev Right; Transient License
Documents
Survey ›
Listing Office:
Swenson & Ecuyer Realty
Last Updated: September - 29 - 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.