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Waterfront Houseboat Rental Property
For Sale
$850,000

Rat Key Street Gulf, Key West, FL 33040

Business Opportunity, Key West, FL

Property SizeContact for details
Days on Market167

Property Features for Rat Key Street Gulf

General Information

Property type Commercial Sale
Property subtype Other
Zoning CG - General Commercial
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 1, Bathroom 2
Subdivision The Meadows (1.0)
Standard status Active
APN 000000

Utilities

Water front 1

Building Details

Year built 2010
Floors in Building 1
Listing Agency: Ocean Sotheby's International Realty
Listed By: Terrance Sullivan
Added: Apr 24 Changed: Oct 1 Last Checked: Oct 7 at 6:06AM
MLS# 619620

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.

Mellow Ventures LLC operates a short-term rental and water-based hospitality business in Key West. The offering includes two custom-built luxury houseboats configured for overnight guest stays, along with furnishings, equipment, booking systems, and media assets. The business also provides guided eco tours, private charters, island excursions, and customized on-water experiences. A 24' Twin Vee is included in the operation, and the property carries CG - General Commercial zoning.

The business serves guests through a combination of overnight houseboat accommodations and marine-tour activities. Its operating materials include established online booking resources, and the business has received online reviews and repeat clientele. The sale also includes the Mellow Ventures LLC brand and its associated operating assets. The property information identifies the business location as Key West, Florida, with improvements dating to 2010.

Key Highlights

  • Two custom‑built luxury houseboats included
  • Short‑term rental operation with overnight accommodations
  • Guided eco tours, private charters, and island excursions

Property Analytics

Current Use

Short term rental ...

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

38
Businesses Nearby

Demographics for 33040, FL

35,958
Population
19,001
Households
1.9
Avg Household Size
44
Median Age
38%
College-Educated
92%
High-School Grad
17.7 sq mi
ZIP Area
2,032
Density / Sq Mi
$79,038
Median Household Income
$42,458
Median Earnings
$2,079
Median Rent
$766,400
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Short term rental property - Includes two custom-built houseboats operated as short-term rentals alongside guided eco tours and private charter services.
Where is this short term rental property located?
The property is located at Rat Key Street Gulf Key West, FL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Two custom‑built luxury houseboats included; Short‑term rental operation with overnight accommodations; Guided eco tours, private charters, and island excursions
More about this property
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