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    95351 Overseas Hwy Key Largo, FL 33037

    For Sale
    $9,500,000

    Retail - Key Largo, FL

    Type:Retail
    Days on Market:
    460
    Last Refresh:
    Dec 5 at 10:06 pm

    Property Features for 95351 Overseas Hwy

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    SC - Sub Urban Commercial District
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    7
    Bathrooms
    4
    APN
    00483350-000000
    Appliances
    Dryer, Range, Refrigerator

    Utilities

    Water front features
    Oceanfront, Waterfront
    Water front
    1

    Building Details

    Year built
    1959
    Floors in Building
    2
    Flooring type
    Tile, Vinyl
    Roof type
    Metal
    Architectural style
    Other

    Buccaneer R.E. (305) 852-9383

    Listing agent Suzy Wiseman (305) 852-9383 License #202843

    Listing date Sep 2, 2024

    MLS# 579482 Listing URL

    Copyright © 2025 Florida Keys Board 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

    Oceanfront Estates with Development Potential

    These adjoining oceanfront gated estates are available individually or together. Each parcel includes a single-family residence with vacation rental income potential. The properties are zoned Suburban Commercial, offering development opportunities. There are 50 Transferable Development Rights (TDRs) available, preliminarily reviewed by Monroe County, potentially allowing for higher development. The acreage features a deep basin and channel providing ocean access, dolphin piling boat slips, and a boat ramp. The single-family residences have ROGO exemptions for remodel/rebuild possibilities. Monroe County approvals favor mixed-use commercial development. The property consists of wooded acreage. The 6.1-acre parcel may be sold together with the contiguous 3.2-acre parcel at 95325 Overseas Hwy for a total of 9.36 acres, including an 1137 square foot 2/1 CBS home built in 1970 with a metal roof.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Nail Salon Building Supply Gym & Fitness Daycare Center Skin Care Clinic Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Key Largo
    County
    Monroe
    State
    Florida
    Longitude
    -80.485114
    Latitude
    25.047982

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    FAQs

    What type of property is this?
    Retail property - Oceanfront Key Largo estates with commercial zoning and development opportunities.
    Where is this retail property located?
    The property is located at 95351 Overseas Hwy Key Largo, FL.
    What is the asking price?
    The asking price for this property is $9,500,000.
    What are key features of this property?
    This property features: - Adjoining oceanfront gated estates with vacation rental income potential.; - Zoned Suburban Commercial with high development potential, preliminarily reviewed by Monroe County.; - 50 TDRs (TREs) available and transferable for higher development potential.
    (305) 852-9383
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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
    95351 Overseas Hwy Key Largo, FL 33037
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