Search
15-Unit Waterfront Rental Property

21540 21470 Overseas Highway, Cudjoe Key, FL 33042

For Sale
$12,999,999

Transient-use lodging combines shared laundry, swimming pools, and on-site boating facilities.

Property SizeContact for details
Days on Market707

Property Features for 21540 21470 Overseas Highway

General Information

Standard status Active
Property subtype Commercial
Zoning Sub Urban Commercial

Site & Location

Highway Access Yes
Road Access Yes

Additional Details

Multifamily Units 15

Taxes and HOA fees

Annual Taxes $75,000

Amenities

shared coin laundry
2 swimming pools
boat basin
3 concrete docks
one wooden dock
boat ramp

Building Details

Year Built 1958
Listing Agency: Select Properties of NWFL
Listed By: Jennifer A Weeks · License #3258844
Source: Bascomgrooms
Added: Dec 3, 2024 Changed: Nov 7 Last Checked: Nov 8 at 2:21PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Select Properties of NWFL

Rey
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This Cudjoe Key property contains 15 units across more than 3.5 acres, with 15 ROGO exemptions. The site includes two swimming pools and a shared coin-operated laundry. Boating improvements comprise a basin, three concrete docks, one wooden dock, and a boat ramp. Three private driveways serve the property, which extends from US 1 to the Atlantic Ocean.

The waterfront parcel has more than 300 feet of frontage. Two parcels along US 1 carry Sub Urban Commercial zoning. The property is approximately 20 miles from Key West, and transient use is identified for the site.

Key Highlights

  • 15 units and 15 ROGO exemptions
  • More than 3.5 acres with more than 300 feet of water frontage
  • Boating basin, three concrete docks, one wooden dock, and a boat ramp

Property Analytics

Lease Details

15
Residential units
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

3
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

Average Price Trend$/SF for Short term rental properties in Monroe County, FL

$1,059 Jul
$1,110 Aug
$968 Sep
$1,194 Oct

Properties on Market for Short term rental properties in Monroe County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Short term rental property - Transient-use lodging combines shared laundry, swimming pools, and on-site boating facilities.
Where is this short term rental property located?
The property is located at 21540 21470 Overseas Highway Cudjoe Key, FL.
What is the asking price?
The asking price for this property is $12,999,999.
What are key features of this property?
This property features: 15 units and 15 ROGO exemptions; More than 3.5 acres with more than 300 feet of water frontage; Boating basin, three concrete docks, one wooden dock, and a boat ramp
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
Preferred Make Realmo a preferred source.

Our comps and market reports get this label in your Google results.

Add as a preferred source on Google One click on Google
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved