Waterfront Boutique
For Sale
$12,450,000
97850 Overseas Highway, Key Largo, FL 33037
Commercial Sale, Key Largo, FL
Property SizeContact for details
Lot Size2.00 Acres
Days on Market44
Property Features for 97850 Overseas Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
SC - Sub Urban Commercial
Bedrooms
22
Bathrooms
21
Full bathrooms
21
Rooms
Bathroom 11, Bedroom 15, Bedroom 16, Bedroom 9, Bedroom 6, Bathroom 5, Bathroom 12, Bathroom 3, Bedroom 11, Bedroom 21, Bathroom 4, Bathroom 15, Bathroom 2, Bathroom 7, Bathroom 6, Bedroom 18, Bedroom 19, Bathroom 17, Bedroom 13, Bathroom 20, Bedroom 8, Bathroom 1, Bathroom 8, Bedroom 17, Bedroom 3, Bedroom 14, Bedroom 1, Bedroom 7, Bathroom 18, Bedroom 10, Bedroom 5, Bathroom 16, Bedroom 2, Bedroom 22, Bathroom 9, Bathroom 14, Bedroom 4, Bedroom 12, Bathroom 10, Bathroom 19, Bathroom 21, Bathroom 13, Bedroom 20
Appliances
Refrigerator, Range, Washer, Dryer
Subdivision
Misc Sub MM 97-107 (98.0)
View
Water
Standard status
Active
APN
00091050000000
Lot size
2.00 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
6 62 39 Island Of Key Largo Pb 1-59 Pt Lot 10 & .8Ac Bay Btm Or378-474(Ii Deed 24324) Or513-584 Or817-1441/1442 Or817-14
Tax Annual Amount
36459
Legal Description
6 62 39 Island Of Key Largo Pb 1-59 Pt Lot 10 & .8Ac Bay Btm Or378-474(Ii Deed 24324) Or513-584 Or817-1441/1442 Or817-14
Utilities
Heating system
Electric (Heating), Ductless (Heating)
Cooling system
Window Unit(s), Central Air, Wall/Window Unit(s)
Water front
1
Amenities
protected dockage
private sandy beach
concrete boat ramp
heated and chilled swimming pool
outdoor grilling areas
multiple tiki huts
Building Details
Year built
1968
Number of units
21
Flooring type
Tile
Building materials
CBS, Concrete
Roof type
Metal
Listing Agency:
Ocean Sotheby's International Realty
(305) 712-8888
Listed By:
Kim Bagnell Thaler · License #679315
(305) 393-2787
Added: Jul 22
Changed: Sep 2
Last Checked: Sep 3 at 5:06AM
MLS# 620702
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This boutique hotel occupies approximately 2 acres of upland together with nearly one acre of bay bottom. The property includes guest accommodations, protected dockage with access to Florida Bay, a private sandy beach, concrete boat ramp, heated and chilled swimming pool, outdoor grilling areas, and multiple tiki huts. Ten guest rooms have been renovated with modern coastal finishes, while other rooms feature refreshed paint and furnishings. Construction includes CBS and concrete materials, with tile flooring, a metal roof, and a mix of central air and window or wall units.
The property is located at 97850 Overseas Highway in Key Largo, Florida, with dining, shopping, and area attractions nearby. It is zoned SC - Sub Urban Commercial and was built in 1968. Appliances include refrigerators, ranges, washers, and dryers.
The property is located at 97850 Overseas Highway in Key Largo, Florida, with dining, shopping, and area attractions nearby. It is zoned SC - Sub Urban Commercial and was built in 1968. Appliances include refrigerators, ranges, washers, and dryers.
Key Highlights
- Approximately 2 acres of upland plus nearly one acre of bay bottom
- Direct Florida Bay access with protected dockage
- Private sandy beach and concrete boat ramp
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
168
Businesses Nearby
Explore this area
Business Placement
Demographics for 33037, FL
13,875
Population
10,494
Households
1.3
Avg Household Size
53
Median Age
41%
College-Educated
95%
High-School Grad
32.9 sq mi
ZIP Area
422
Density / Sq Mi
$80,911
Median Household Income
$40,641
Median Earnings
$1,896
Median Rent
$660,700
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Hotel - Bayfront lodging property with dockage, pool, beach, and boat ramp.
Where is this hotel located?
The property is located at 97850 Overseas Highway Key Largo, FL.
What is the asking price?
The asking price for this property is $12,450,000.
What are key features of this property?
This property features: Approximately 2 acres of upland plus nearly one acre of bay bottom; Direct Florida Bay access with protected dockage; Private sandy beach and concrete boat ramp
