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99202 Overseas Highway, Key Largo, FL 33037

$15,000,000
Property Type: Commercial Sale Bedrooms: 50 Baths: 50 Square Footage: 23,092 Lot Size (sq. ft.): 49,500 Status: Active
Current Price: $15,000,000 List Date: 7/23/2025 Last Modified: 12/08/2025

Description

TURNKEY INN & HOSPITALITY INVESTMENT IN THE HEART OF KEY LARGO! This fully operational and income-producing inn is located in a prime Key Largo location and offers a rare combination of scale, flexibility, and future development potential. Highly visible location with 450 feet on US 1 with a total of 9 parcels included in sale. The property spans 49,500 sq. ft. of land with 23,092 sq. ft. of building space. The Key Largo Inn has 50 total guest rooms—including 38 standard rooms and 12 spacious two-room suites with king beds and sleeper sofas, ideal for families and extended stays. On-site amenities include a resort-style outdoor pool, and a restaurant and bar licensed with a 5COP full liquor license, allowing full-service alcohol sales. With 50 valuable transient licenses(nightly rentals) This property provides exceptional short-term rental income and flexibility. The licenses are transferable and can be sold off separately, offering additional monetization or redevelopment options. Whether you continue operating this thriving inn or reposition the site for alternative commercial or mixed-use purposes, this is a one-of-a-kind investment opportunity in one of the Florida Keys' most desirable and high-demand markets.

More Information MLS# 615905

Contract Information

Listing Board: Florida Keys Limited Representation: No Potential Short Sale: No Bank Owned: No Current Price: $15,000,000 Listing Date: 2025-07-23 List Price: $15,000,000

Location, Tax & Legal

City: KEY LARGO Mile Marker: 99.5 Marathon Neighborhood: N/A Side: Ocean Flood Zone: X Alternate Key #: 1622818 Parcel #: 00504940-000000 Zoning: SC - Sub Urban Commercial District Legal: LOTS 2 THROUGH 11 PB1-165 SUNSET COVE KEY LARGO OR567-901 OR648-629 OR665-63 OR650-156CT OR767-102 OR796-1221 OR847-1350 Taxes: 16950.07 Tax Year: 2025 Street #: 99202 Street Name: Overseas Street Suffix: Highway Key/Island: Key Largo State/Province: FL Zip Code: 33037 Subdivision: Sunset Cove (99.5) County: Monroe Area: 27 - Key Largo MM 97-107

General Property Description

Realtor.COM Type: Commercial Waterfront: No Control Depth: 0 Lot Size: 450 x 110 Lot SqFt: 49500 Total Units: 0 SqFt Source: Property Data Card Building SqFt: 23092 Style: Commercial Living Apx SqFt: 23092 Year Built: 1953 Total Bedrooms: 50 Full Baths: 50 Total Baths: 50

Remarks & Misc

Remarks – Consumer: TURNKEY INN & HOSPITALITY INVESTMENT IN THE HEART OF KEY LARGO! This fully operational and income-producing inn is located in a prime Key Largo location and offers a rare combination of scale, flexibility, and future development potential. Highly visible location with 450 feet on US 1 with a total of 9 parcels included in sale. The property spans 49,500 sq. ft. of land with 23,092 sq. ft. of building space. The Key Largo Inn has 50 total guest rooms—including 38 standard rooms and 12 spacious two-room suites with king beds and sleeper sofas, ideal for families and extended stays. On-site amenities include a resort-style outdoor pool, and a restaurant and bar licensed with a 5COP full liquor license, allowing full-service alcohol sales. With 50 valuable transient licenses(nightly rentals) This property provides exceptional short-term rental income and flexibility. The licenses are transferable and can be sold off separately, offering additional monetization or redevelopment options. Whether you continue operating this thriving inn or reposition the site for alternative commercial or mixed-use purposes, this is a one-of-a-kind investment opportunity in one of the Florida Keys' most desirable and high-demand markets. Directions: US 1 North MM 99

Association Info

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

License Info

# of Transient Licns: 50 5-Cop (Transferable): 1

Type

Bar: 1 Hotel/Motel: 1 Restaurant: 1 Other Services: 1

Fee Includes

None: 1

Dockage

None: 1

Appliances

Refrigerator: 1

Waterfront

None: 1

Waterview

No Waterview: 1

Vehicle Storage

Off Street Parking: 1 Trailer Storage: 1

Construction

CBS: 1

Land Size

1 Less Than 2 Acres: 1

Utilities

Buyer to Verify: 1 FKAA: 1

Miscellaneous

Fencing: 1 Handicap Access: 1 High Traffc Location: 1 High Visibility: 1 Highway Frontage: 1 Lobby: 1 Pool: 1 Other Miscellaneous: 1

Roof

Concrete Roof: 1

Financial Status

Bank Owned: No Potential Short Sale: No

Status Change Info

Status: Active

Property Features

License Info: 5-Cop (Transferable) Type: Bar; Hotel/Motel; Restaurant; Other Services Waterfront: None Waterview: No Waterview Dockage: None Vehicle Storage: Off Street Parking; Trailer Storage Utilities: Buyer to Verify; FKAA Appliances: Refrigerator Miscellaneous: Fencing; Handicap Access; High Traffc Location; High Visibility; Highway Frontage; Lobby; Pool; Other Miscellaneous Construction: CBS Roof: Concrete Roof Land Size: 1 Less Than 2 Acres Fee Includes: None
Listing Office: RE/MAX All Keys Real Estate
Last Updated: December - 08 - 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.