26450 Overseas Hwy, Ramrod Key, FL 33042

Located on Overseas Highway at mile marker 26 in the Florida Keys, North Niles at Ramrod Key offers a real estate development opportunity. The 186-acre property features over 1.5 miles of water frontage and almost half a mile of frontage on Overseas Highway. It is positioned 24 miles from Key West Airport. The site includes the tallest bridge clearance from Key West to Marathon at 38 feet and the deepest boat basin at over 20 feet. With direct access to the Atlantic Ocean and Niles Channel, this site is suited for marine activities. Zoning and entitlement due diligence has been completed, and the county has provided a Letter of Understanding (LOU) that outlines a path for developing 93,000 square feet of floor area and up to 9 homes, with the first Rate of Growth Ordinance (ROGO) already approved. The lots include a mix of habitats and zoning types, all of which have been documented and surveyed. Environmental studies and surveys are complete, confirming the land's suitability for development. The property includes more dwelling units than can be built due to clearing limitations, but there is sufficient usable land. Additional ROGO points can be gained with dedication, expediting further development awards. Potential tax benefits from dedication or conservation easements add to the financial appeal of this investment. This is the largest available developable tract in the Florida Keys.