Waterfront Boutique Hotel with
For Sale
$12,450,000
97850 Overseas Highway, Key Largo, FL 33037
21-room boutique hotel with protected dockage, sandy beach, and heated pool on Florida Bay.
Property SizeContact for details
Lot Size3.00 Acres
Days on Market12
Property Features for 97850 Overseas Highway
General Information
Standard status
Active
Lot size
3.00 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
protected dockage
direct bay access
private sandy beach
concrete boat ramp
heated swimming pool
outdoor grilling areas
multiple tiki huts
Building Details
Year Built
1968
Listing Agency:
Ocean Sotheby's International Realty
(305) 393-2787
Listed By:
Kim Bagnell Thaler · License #679315
(305) 393-2787
Source:
Laerrealty
Added: Jul 23
Changed: Jul 24
Last Checked: Aug 3 at 2:59AM
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 Ocean Sotheby's International Realty
Investment Insights
Based on property information with market context.
This waterfront boutique hotel features 21 guest rooms and is set on approximately 2 acres of upland and nearly one acre of bay bottom. The property provides direct access to Florida Bay, along with protected dockage, a private sandy beach, and a concrete boat ramp. On-site amenities include a heated swimming pool, outdoor grilling areas, and multiple tiki huts. Ten of the guest rooms have been renovated with a modern coastal design, while the remaining rooms have been refreshed with new paint and updated furnishings.
The site stretches from the Overseas Highway to Florida Bay, supporting direct waterfront access. The overall setup is oriented toward guest stays centered on bayfront living, including year-round sunset views.
As described, the property offers a turnkey hospitality option with room-by-room improvements already completed, while also supporting other waterfront hospitality or redevelopment directions based on buyer objectives.
The site stretches from the Overseas Highway to Florida Bay, supporting direct waterfront access. The overall setup is oriented toward guest stays centered on bayfront living, including year-round sunset views.
As described, the property offers a turnkey hospitality option with room-by-room improvements already completed, while also supporting other waterfront hospitality or redevelopment directions based on buyer objectives.
Key Highlights
- 21‑room boutique hotel, built in 1968
- About 2 acres upland and nearly 1 acre bay bottom with direct Florida Bay frontage
- Protected dockage with direct bay access plus a private sandy beach
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
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
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Frequently Asked Questions
What type of property is this?
Hotel - 21-room boutique hotel with protected dockage, sandy beach, and heated pool on Florida Bay.
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, built in 1968; About 2 acres upland and nearly 1 acre bay bottom with direct Florida Bay frontage; Protected dockage with direct bay access plus a private sandy beach
