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Hospitality Portfolio with Hotel and Restaurant

27340 Overseas Highway Ramrod Key, FL 33042

27340 Overseas Highway, Ramrod Key, FL, 33042

$12,250,000

For Sale

$12,250,000

COMMERCIAL - Ramrod Key, FL

Lot Size1.67 Acres

AddedNov 21, 2025

Days on Market236

Last RefreshJul 15 at 3:06 pm

Property Features for 27340 Overseas Highway

General Information

Property type: Commercial Sale
Property subtype: Other
Zoning: SC - Sub Urban Commercial
Standard status: Active
APN: 00200900-000000
Lot size: 1.67 Acres

Taxes and HOA fees

Tax Year: 2024
Tax Description: BREEZESWEPT BEACH EST PB4-143 RAMROD KEY LTS 10-13 AND PT LT 14 BK 1 AND PT ADJ TRINIDAD RD (RES NO 248-1988) OR396-1077
Tax Annual Amount: 93581

Utilities

Cooling system: Window Unit(s), Wall/Window Unit(s)
Water front: 1

Building Details

Year built: 1958
Floors in Building: 2
Number of units: 25
Flooring type: Concrete, Tile
Roof type: Other

Listing agent Team Gardner/Langley License #BK612006

Listing office Berkshire Hathaway HomeServices Knight & Gardner Realty 336 Duval St., Key West, FL

Listing date Nov 21, 2025

MLS# 617400

Copyright © 2026 Key West Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This for-sale hospitality portfolio combines multiple income-producing components, licenses, and operating assets in the Florida Keys. The offering includes 25 transient rental licenses that are currently in use and may be movable to another qualifying development, subject to applicable approvals. There is also a turnkey 25-room hotel operation supported by the transient licenses, and an established 150-seat restaurant with a newer tiki structure.

The package additionally includes a dive shop and vessel. The dive operation is described as a well-respected business and includes a 49-passenger Coast Guard-approved vessel, along with a separate 2COP bar license that supports wine and beer sales. The dive shop and vessel arrangement also encompasses retail/gear components and an established customer base, as described in the offering materials.

A 5COP quota liquor license is available separately, described as transferable and enabling on-premises beer, wine, and spirits sales, as well as packaged liquor sales for the restaurant and bar operation. Zoning is listed as SC - Sub Urban Commercial.

Key Highlights

Includes 25 transient rental licenses currently in use and potentially transferable to another qualifying Florida Keys development (subject to approvals).
150‑seat restaurant with a newer tiki structure.
25‑room hotel lodging operation supported by the transient rental licenses.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Snorkel, Scuba Dive, ... Swimming Pool Looe Key Reef ... Hotel & Motel Tranquility Bay Hotel & Motel

Suggested Use

For sale
Hotels
FL
Ramrod Key
33042
27340 Overseas Highway

What type of property is this?

Hotel - Includes 25 transient rental licenses, a 25-room hotel, and a 150-seat restaurant alongside a dive operation and vessel.

Where is this hotel located?

The property is located at 27340 Overseas Highway Ramrod Key, FL.

What is the asking price?

The asking price for this property is $12,250,000.

What are key features of this property?

This property features: Includes 25 transient rental licenses currently in use and potentially transferable to another qualifying Florida Keys development (subject to approvals).; 150‑seat restaurant with a newer tiki structure.; 25‑room hotel lodging operation supported by the transient rental licenses.