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    27340 Overseas Hwy Ramrod Key, FL 33042

    For Sale
    $12,250,000

    Hotel/Motel,Bar,Other Services,Restaurant - Ramrod Key, FL

    Days on Market:
    16
    Last Refresh:
    Dec 6 at 3:06 am

    Property Features for 27340 Overseas Hwy

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    SC - Sub Urban Commercial District
    APN
    00200900-000000
    Interior features
    Smoke Alarms, Furnished

    Utilities

    Cooling system
    Ceiling Fan(s)
    Water front features
    Canal Front, Waterfront
    Water front
    1

    Building Details

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

    Berkshire Hathaway Keys Real Estate | Knight & Gardner Realty (305) 294-5155 [email protected]

    Listing agent Team Gardner/Langley (305) 294-5155 License #BK612006

    Listing date Nov 21, 2025

    MLS# 617400 Listing URL

    Copyright © 2025 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.

    Overview

    Florida Keys Income-Producing Assets

    This sale encompasses a combination of income-producing assets, licenses, and entitlements in the Florida Keys. It features 25 transient rental licenses, currently in use and potentially transferable to another qualifying development, pending approvals. A 150-seat restaurant is present, featuring a newer tiki structure suitable for waterfront or resort-style dining. A separately available 5COP quota liquor license allows for the sale of beer, wine, and spirits for on-premises consumption, with packaged liquor sales, enhancing the restaurant and bar operation. The property includes a 25-room hotel, a turnkey lodging operation that benefits from transient licenses and tourism demand. A dive shop and vessel are also included, featuring a 49-passenger coast guard approved vessel with its own 2cop bar license allowing for wine and beer sales, retail/gear component, and a customer base.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Snorkel, Scuba Dive, ... Diving Center Looe Key Reef ... Resort Hotel Tranquility Bay Hotel

    Suggested Use

    Realty agency Restaurant Law Firm Auto Repair Shop Wholesale Shop Hotel & Motel Auto Parts Store Bar & Pub Food Market Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ramrod Key
    County
    Monroe
    State
    Florida
    Longitude
    -81.40633
    Latitude
    24.661777

    FAQs

    What type of property is this?
    Hotel - Rare opportunity: hotel, restaurant, licenses, dive shop, vessel.
    Where is this hotel located?
    The property is located at 27340 Overseas Hwy 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: - 25 Transient Rental Licenses included, potentially transferable.; - **Established 150-Seat Restaurant** with newer tiki structure for waterfront dining.; - Operating 25-Room Hotel benefiting from licenses and tourism.
    (305) 294-5155
    Request Owner's contact information
    27340 Overseas Hwy Ramrod Key, FL 33042
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    Ramrod Key, FL 33042
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    27340 Overseas Hwy Ramrod Key, FL 33042
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