97850 Overseas Highway,KEY LARGO, FL 33037
KEY LARGO, FL 33037
Description
Located on approximately 2 acres of upland and nearly one acre of bay bottom, this 21-room boutique hotel offers direct access to Florida Bay and stunning waterfront living in South Key Largo. Stretching from the Overseas Highway to the pristine waters of Florida Bay, the property is a true hidden gem. Family-owned, well maintained, and one of the Upper Keys' rarest bay front hospitality investment opportunities. Enjoy protected dockage with direct bay access, a private sandy beach, a concrete boat ramp, a heated and chilled swimming pool, outdoor grilling areas, and multiple tiki huts. Guests also benefit from spectacular year-round sunset views, creating a memorable Keys experience. 10 guest rooms have been tastefully renovated with a modern coastal design, while the remaining rooms have been refreshed with new paint and updated furnishings, delivering immediate rental income with strong upside potential to further increase revenue and value. Ideally located near dining, shopping, and the area's most popular attractions, this exceptional property offers a variety of possibilities: continue operating as a cherished boutique hotel, reposition to enhance performance, or redevelop into an even more valuable waterfront destination. A truly rare, turnkey investment with tremendous upside in one of the Florida Keys' most desirable locations.
Details
| MLS # | 620702 |
|---|---|
| Listing Type | For Sale |
| Style | Commercial |
| Sub-Type | Resale |
| Status | Active |
| Year | 1968 |
| Days On Site | 39 |
| Listing Provided By | Ocean Sotheby's International Realty | Kim Bagnell Thaler |
Features
| Bed(s) | 22 |
|---|---|
| Bath(s) | 21 Total |
| Units | 21 |
| Building(s) | 5 |
| Zoning | SC - Sub Urban Commercial Distri |
| Acreage | 2.00 |
| Water Front | Yes |
| Property View | Open Water View, Bay |
Taxes
| Property | 36459 |
|---|
Area Information
| State | FL |
|---|---|
| County | Monroe |
| City | KEY LARGO |
| Zip Code | 33037 |
| Area | 27 Key Largo MM 97 107 |
| Community Name | Misc Sub MM 97 107 (98.0) |
| Listing VS Median (in Misc Sub MM 97 107 (98.0)) | |
Price: $12,450,000 low | high Med: $0 On site: 39 low | high Med: | |
Market Activity 33037
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The data relating to real estate for sale on this web site come s in part from the Internet Data Exchange program of the Marathon and Lower Keys Association of REALTORS®, Inc. MLS. Real Estate listings held by brokerage firms other than Coldwell Banker Schmitt are marked with the MLS logo and detailed information about them includes the name of the listing broker’s office.
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| State | FL |
|---|---|
| County | Monroe |
| City | KEY LARGO |
| Zip Code | 33037 |
| Area | 27 Key Largo MM 97 107 |
| Community Name | Misc Sub MM 97 107 (98.0) |
| Listing VS Median (in Misc Sub MM 97 107 (98.0)) | |
Price: $12,450,000 low | high Med: $0 On site: 39 low | high Med: | |
