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25-Room Hotel with Restaurant
For Sale
$12,250,000

27340 Overseas Highway, Ramrod Key, FL 33042

Commercial Sale, Ramrod Key, FL

Property SizeContact for details
Lot Size1.67 Acres
Days on Market286

Property Features for 27340 Overseas Highway

General Information

Property type Commercial Sale
Property subtype Other
Zoning SC - Sub Urban Commercial
Subdivision Breezeswept Bch Est (27.5)
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
Legal 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

Utilities

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

Amenities

tiki structure

Building Details

Year built 1958
Floors in Building 2
Number of units 25
Flooring type Tile, Concrete
Roof type Other
Listing Agency: Berkshire Hathaway HomeServices Knight & Gardner Realty
Listed By: Team Gardner/Langley · License #KWA.2032
Added: Nov 21, 2025 Changed: Sep 2 Last Checked: Sep 3 at 9:06AM
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 hospitality property combines a 25-room hotel with a 150-seat restaurant and a newer tiki structure. The offering also includes a dive shop, retail and gear component, and a 49-passenger Coast Guard-approved vessel with a 2COP bar license for wine and beer sales. Flooring includes tile and concrete, while cooling is provided by wall/window and window units. The hotel was built in 1958.

The property is located at 27340 Overseas Highway in Ramrod Key, Florida, on 1.67 acres. Its operating and licensing components include 25 transient rental licenses, a transferable 5COP quota liquor license offered separately, and the vessel’s 2COP license. The transient licenses are currently in use and may be movable to another qualifying development subject to applicable approvals. Zoning is SC - Sub Urban Commercial.

Key Highlights

  • 25‑room hotel with 150‑seat restaurant
  • Newer tiki structure included with the restaurant
  • 25 transient rental licenses currently in use

Property Analytics

Current Use

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

Suggested Use

Top Pick Law Firm Auto Parts Store (Bike/Boat/Book/etc) Store Locksmith Grocery & Convenience Store Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

63
Businesses Nearby

Demographics for 33042, FL

6,841
Population
4,835
Households
1.4
Avg Household Size
54
Median Age
45%
College-Educated
98%
High-School Grad
27.6 sq mi
ZIP Area
248
Density / Sq Mi
$101,625
Median Household Income
$49,747
Median Earnings
$2,252
Median Rent
$759,600
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Hotel - Florida Keys hospitality property with lodging, food-and-beverage, diving, and SC - Sub Urban Commercial zoning.
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: 25‑room hotel with 150‑seat restaurant; Newer tiki structure included with the restaurant; 25 transient rental licenses currently in use
More about this property
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