97850 Overseas Highway, Key Largo, FL 33037
New Listing
$12,450,000
Property Type:
Commercial Sale
Bedrooms:
23
Baths:
23
Lot Size (sq. ft.):
87,120
Status:
Active
Current Price:
$12,450,000
List Date:
7/22/2026
Last Modified:
7/22/2026
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 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.
More Information MLS# 620702
Contract Information
Current Price: $12,450,000
Listing Date: 2026-07-22
Listing Board: Florida Keys
List Price: $12,450,000
Limited Representation: No
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
Location Tax Legal
Street #: 97850
Street Name: Overseas
Street Suffix: Highway
Key/Island: Key Largo
State/Province: FL
Zip Code: 33037
Subdivision: Misc Sub MM 97-107 (98.0)
County: Monroe
Area: 27 - Key Largo MM 97-107
General Property Description
Realtor.COM Type: Commercial
Style: Commercial
Lot Size: 174 X 487
Lot SqFt: 87120
Waterfront: Yes
Control Depth: 5
Off Street Parking: Yes
Total # Buildings: 5
Building SqFt: 12788
SqFt Source: Property Data Card
Total Units: 22
Year Built: 1968
Total Bedrooms: 23
Full Baths: 23
Total Baths: 23
Status Change Info
Status: Active
License Info
# of Transient Licns: 21
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Property Info
# Boat Slips: 5
# Kitchens: 9
# Efficiencies: 21
# Refrigerators: 22
# Range/Ovens: 9
Dockage
Dock: Wood
Seawall: Concrete
Financial Status
Bank Owned: No
Potential Short Sale: No
Property Features
Property Info: License Included
Type: Hotel/Motel
Waterfront: Bay Front; Gulf Front; Open Water
Waterview: Bay/Gulf View; Open Water View
Dockage: Boat Ramp
Vehicle Storage: Common Parking; Guest Parking; Off Street Parking
Cooling: Ceiling Fans(s); Central Air; Wall/Window Unit(s)
Heating: Ductless; Electric
Utilities: Buyer to Verify; FKAA; Municipal Sewer
Interior Features: Furnished; Smoke Alarms; Window Treatments
Appliances: Dryer; Range; Refrigerator; Washer
Miscellaneous: Chickee Hut; Fencing; Handicap Access; High Traffc Location; High Visibility; Highway Frontage; Lobby; Open Water View; Patio; Pool; Utility Building
Construction: CBS; Concrete
Floor: Tile
Roof: Metal Roof
Land Size: 2 Less Than 5 Acres
Fee Includes: None
Terms: Buyer Obtain Finance; No Seller Finance; Private Financing
Property Rights: Multi-Use/Commercial; Transient License
Listing Office: Ocean Sotheby's International Realty
Last Updated: July - 22 - 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.