Waterfront Boutique Hotel
For Sale
$12,450,000
97850 Overseas Highway, Key Largo, FL 33037
COMMERCIAL - Key Largo, FL
Property SizeContact for details
Lot Size2.00 Acres
Days on Market13
Property Features for 97850 Overseas Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
SC - Sub Urban Commercial
Bedrooms
22
Bathrooms
21
Full bathrooms
21
Rooms
Bedroom 9, Bathroom 20, Bedroom 6, Bedroom 2, Bathroom 18, Bedroom 19, Bathroom 14, Bathroom 13, Bathroom 19, Bathroom 2, Bedroom 20, Bathroom 21, Bedroom 1, Bedroom 10, Bedroom 5, Bedroom 12, Bedroom 7, Bedroom 16, Bedroom 14, Bathroom 6, Bedroom 17, Bedroom 3, Bathroom 16, Bathroom 15, Bedroom 22, Bedroom 18, Bathroom 17, Bathroom 4, Bathroom 8, Bathroom 3, Bathroom 11, Bedroom 21, Bathroom 9, Bedroom 15, Bathroom 7, Bathroom 5, Bedroom 13, Bathroom 12, Bedroom 4, Bedroom 8, Bathroom 1, Bedroom 11, Bathroom 10
Appliances
Refrigerator, Range, Washer, Dryer
Subdivision
Misc Sub MM 97-107 (98.0)
View
Water
Standard status
Active
APN
00091050000000
Lot size
2.00 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
6 62 39 Island Of Key Largo Pb 1-59 Pt Lot 10 & .8Ac Bay Btm Or378-474(Ii Deed 24324) Or513-584 Or817-1441/1442 Or817-14
Tax Annual Amount
36459
Legal Description
6 62 39 Island Of Key Largo Pb 1-59 Pt Lot 10 & .8Ac Bay Btm Or378-474(Ii Deed 24324) Or513-584 Or817-1441/1442 Or817-14
Utilities
Heating system
Electric (Heating), Ductless (Heating)
Cooling system
Window Unit(s), Central Air, Wall/Window Unit(s)
Water front
1
Amenities
direct access to Florida Bay
stunning waterfront living
protected dockage with direct bay access
private sandy beach
concrete boat ramp
heated and chilled swimming pool
outdoor grilling areas
multiple tiki huts
spectacular year-round sunset views
modern coastal design
near dining
shopping and attractions
Building Details
Year built
1968
Number of units
21
Flooring type
Tile
Building materials
CBS, Concrete
Roof type
Metal
Listing Agency:
Ocean Sotheby's International Realty
(305) 712-8888
Listed By:
Kim Bagnell Thaler · License #679315
(305) 393-2787
Added: Jul 22
Changed: Jul 29
Last Checked: Aug 3 at 11:06AM
MLS# 620702
Copyright © 2026 Florida Keys Board 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 waterfront boutique hotel features 21 guest rooms and is described as family-owned and well maintained. The property includes direct access to Florida Bay and protected dockage, along with a private sandy beach and a concrete boat ramp. Outdoor amenities include a heated and chilled swimming pool, outdoor grilling areas, and multiple tiki huts.
The site is located along the Overseas Highway on approximately 2 acres of upland and nearly one acre of bay bottom in South Key Largo, with year-round sunset views described in the listing.
According to the provided remarks, 10 guest rooms have been renovated with a modern coastal design, while the remaining rooms have been refreshed with new paint and updated furnishings. The property is presented for sale as a turnkey hospitality investment with options to continue operating, reposition, or redevelop.
The site is located along the Overseas Highway on approximately 2 acres of upland and nearly one acre of bay bottom in South Key Largo, with year-round sunset views described in the listing.
According to the provided remarks, 10 guest rooms have been renovated with a modern coastal design, while the remaining rooms have been refreshed with new paint and updated furnishings. The property is presented for sale as a turnkey hospitality investment with options to continue operating, reposition, or redevelop.
Key Highlights
- 21‑room boutique hotel on approx. 2 acres of upland and nearly 1 acre of bay bottom with direct access to Florida Bay.
- Protected dockage with private sandy beach and a concrete boat ramp for water access.
- Heated and chilled swimming pool plus outdoor grilling areas and multiple tiki huts.
Property Analytics
Property Profile
Current Use
Lease Details
21
Residential units
Location Intelligence
Trade Area within ½ mile
168
Businesses Nearby
Explore this area
Business Placement
Demographics for 33037, FL
13,875
Population
10,494
Households
1.3
Avg Household Size
53
Median Age
41%
College-Educated
95%
High-School Grad
32.9 sq mi
ZIP Area
422
Density / Sq Mi
$80,911
Median Household Income
$40,641
Median Earnings
$1,896
Median Rent
$660,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Turnkey 21-room boutique hotel with direct Florida Bay access, dockage, and outdoor recreation amenities.
Where is this hotel located?
The property is located at 97850 Overseas Highway Key Largo, FL.
What is the asking price?
The asking price for this property is $12,450,000.
What are key features of this property?
This property features: 21‑room boutique hotel on approx. 2 acres of upland and nearly 1 acre of bay bottom with direct access to Florida Bay.; Protected dockage with private sandy beach and a concrete boat ramp for water access.; Heated and chilled swimming pool plus outdoor grilling areas and multiple tiki huts.
