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    97601 Overseas Hwy Key Largo, FL 33037

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    For Sale
    $29,975,000

    7.34-acre waterfront land with development potential in the Florida Keys.

    Lot size:
    7.34 Acres

    Property Features for 97601 Overseas Hwy

    General Information

    Lot size
    7.34 Acres

    Source: Swenson & Ecuyer Realty Agent Daniel Guerrieri

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waterfront Land Parcel in Key Largo

    This 7.34-acre assemblage in the Florida Keys presents a development opportunity. The site comprises 10 parcels and offers 54 ROGO exemptions, 15 transient rights, and 30 wet slips, along with commercial square footage. Situated oceanside at MM 97.5, the location provides visibility and access to boating and tourism. The flexible zoning across multiple land use districts (MU, SC, UR, URM) allows for various uses, including residential, vacation rentals, hospitality, RV park, marina development, or boat storage. This property is located in Monroe County.
    Insight Report Location Intelligence

    Current Use by Public Records

    Blue Fin Rock ... Rv Park

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Wholesale Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Key Largo
    County
    Monroe
    State
    Florida
    Longitude
    -80.461165
    Latitude
    25.075015

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    FAQs

    What type of property is this?
    Commercial land - 7.34-acre waterfront land with development potential in the Florida Keys.
    Where is this commercial land located?
    The property is located at 97601 Overseas Hwy Key Largo, FL.
    What is the asking price?
    The asking price for this property is $29,975,000.
    What are key features of this property?
    This property features: - Largest entitled waterfront parcel in the Florida Keys (7.34 acres); - 54 (57) ROGO exemptions and 15 transient rights; - Flexible zoning allows for diverse development options, including residential, rentals, hospitality, RV park, marina, and boat storage
    (305) 798-2257
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    97601 Overseas Hwy Key Largo, FL 33037
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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
    97601 Overseas Hwy Key Largo, FL 33037
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