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Hospitality Portfolio with Hotel and Restaurant
For Sale
$12,250,000

27340 Overseas Highway, Ramrod Key, FL 33042

Commercial Sale, Ramrod Key, FL

Property SizeContact for details
Lot Size1.67 Acres
Days on Market275

Property Features for 27340 Overseas Highway

General Information

Property type Commercial Sale
Property subtype Other
Zoning SC - Sub Urban Commercial
Subdivision Breezeswept Bch Est (27.5)
Standard status Active
APN 00200900-000000
Lot size 1.67 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description BREEZESWEPT BEACH EST PB4-143 RAMROD KEY LTS 10-13 AND PT LT 14 BK 1 AND PT ADJ TRINIDAD RD (RES NO 248-1988) OR396-1077
Tax Annual Amount 93581
Legal Description BREEZESWEPT BEACH EST PB4-143 RAMROD KEY LTS 10-13 AND PT LT 14 BK 1 AND PT ADJ TRINIDAD RD (RES NO 248-1988) OR396-1077

Utilities

Cooling system Wall/Window Unit(s), Window Unit(s)
Water front 1

Building Details

Year built 1958
Floors in Building 2
Number of units 25
Flooring type Tile, Concrete
Roof type Other
Listing Agency: Berkshire Hathaway HomeServices Knight & Gardner Realty
Listed By: Team Gardner/Langley · License #BK612006
Added: Nov 21, 2025 Changed: Aug 19 Last Checked: Aug 22 at 11:06PM
MLS# 617400

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.

This for-sale hospitality portfolio combines multiple income-producing components, licenses, and operating assets in the Florida Keys. The offering includes 25 transient rental licenses that are currently in use and may be movable to another qualifying development, subject to applicable approvals. There is also a turnkey 25-room hotel operation supported by the transient licenses, and an established 150-seat restaurant with a newer tiki structure.

The package additionally includes a dive shop and vessel. The dive operation is described as a well-respected business and includes a 49-passenger Coast Guard-approved vessel, along with a separate 2COP bar license that supports wine and beer sales. The dive shop and vessel arrangement also encompasses retail/gear components and an established customer base, as described in the offering materials.

A 5COP quota liquor license is available separately, described as transferable and enabling on-premises beer, wine, and spirits sales, as well as packaged liquor sales for the restaurant and bar operation. Zoning is listed as SC - Sub Urban Commercial.

Key Highlights

  • Includes 25 transient rental licenses currently in use and potentially transferable to another qualifying Florida Keys development (subject to approvals).
  • 150‑seat restaurant with a newer tiki structure.
  • 25‑room hotel lodging operation supported by the transient rental licenses.

Property Analytics

Current Use

Snorkel, Scuba Dive, ... Swimming Pool Looe Key Reef ... Hotel & Motel Tranquility Bay Hotel & Motel

Suggested Use

Top Pick Law Firm Auto Parts Store (Bike/Boat/Book/etc) Store Locksmith Grocery & Convenience Store Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

63
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

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Hotel - Includes 25 transient rental licenses, a 25-room hotel, and a 150-seat restaurant alongside a dive operation and vessel.
Where is this hotel located?
The property is located at 27340 Overseas Highway Ramrod Key, FL.
What is the asking price?
The asking price for this property is $12,250,000.
What are key features of this property?
This property features: Includes 25 transient rental licenses currently in use and potentially transferable to another qualifying Florida Keys development (subject to approvals).; 150‑seat restaurant with a newer tiki structure.; 25‑room hotel lodging operation supported by the transient rental licenses.
More about this property
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