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    Property profile & analytics

    27340 Overseas Hwy Ramrod Key, FL 33042

    • Hotels
    • 7,543 SF
    • 1.67 lot acres
    For Sale
    View listing
    $12,250,000
    Value Estimation
    Last Sale
    Jul 30, 2021
    $6,250,000
    Location Intelligence
    Property ID
    US18-4412108
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Snorkel, Scuba Dive, Dive Instruction & Daily Charters at Looe Key Reef Dive Center / Diving Center / Dive Shop
    • Looe Key Reef Resort / Dive Shop / Resort Hotel
    • Tranquility Bay / Hotel

    Property Details for 27340 Overseas Hwy

    Year built
    1958
    Lot size
    1.67 lot acres
    Property size
    7,543 SF
    Property type
    Hotels
    Property subtype
    Motels
    APN
    00200900-000000
    APU
    200900000000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $6,390,000

    • CAP approach

      CAP return
      Estimation
      6%
      $6,100,000
      6.5%
      $6,415,000
      7%
      $5,790,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $5,710,000
      Geo Method
      $5,675,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $6,350,000
      Retail
      $5,990,000
      Mixed-Use
      $5,250,000
      Hospitality
      $5,960,000
      Educational
      $5,630,000
      Residential Income
      $6,215,000
      Energy
      $6,510,000
      Income-Based Land
      $5,620,000
      Food Service
      $6,455,000

    Location Insight

    • Map
    • Local Demand
    City
    Summerland Key
    County
    Monroe
    State
    Florida
    Longitude
    -81.4063
    Latitude
    24.6618
    CBSA code
    28580
    CBSA name
    KEY WEST-MARATHON, FL MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $93,757
    $5,988,480
    $3,992,320
    $9,980,800
    -
    $5,988,480
    $3,992,320
    $9,980,800

    Comparable in this City

    • Value Estimation by Request
      12,712 SF

      17075 Overseas Hwy

      HOTEL/MOTEL • 12,712 SF
      17075 Overseas Hwy, Sugarloaf Key, FL 33042-3681
      View Details
    • Value Estimation by Request
      8,298 SF

      28500 Overseas Hwy

      HOTEL/MOTEL • 8,298 SF
      28500 Overseas Hwy, Summerland Key, FL 33042-5544
      View Details
    • Value Estimation by Request
      5,212 SF

      565 Barry Ave

      HOTEL/MOTEL • 5,212 SF
      565 Barry Ave, Little Torch Key, FL 33042-5605
      View Details
    • Value Estimation by Request
      1.02 Acres

      Summerland Key, FL 33042

      VACANT COMMERCIAL LAND • 1.02 Acres
      Summerland Key, FL 33042
      View Details
    • Value Estimation by Request
      1,665 SF

      22484 Overseas Hwy

      DISTRIBUTION WAREHOUSE • 1,665 SF
      22484 Overseas Hwy, Cudjoe Key, FL 33042-4261
      View Details
    • Value Estimation by Request
      0.29 Acres

      Summerland Key, FL 33042

      VACANT COMMERCIAL LAND • 0.29 Acres
      Summerland Key, FL 33042
      View Details

    Similar Nearby for Sale

    • $12,250,000

      Florida Keys Income-Producing Assets

      Rare opportunity: hotel, restaurant, licenses, dive shop, vessel.
      27340 Overseas Hwy, Ramrod Key, FL 33042
      View Details
    • $495,000

      Waterfront Vacant Land Opportunity

      Waterfront vacant lot with seawall in Venture Out community.
      701 Spanish Main Dr, Cudjoe Key, FL 33042
      View Details
    • $14,990,000
      8,102,160 SF

      Ramrod Key Marina Development

      Florida Keys Marina: 186 Acres, Redevelopment
      26450 Overseas Hwy, Ramrod Key, FL 33042
      View Details
    • $31,000
      0.14 Acres

      Sugarloaf Land with ROGO Point

      Land in Sugarloaf, Florida with one ROGO point.
      Adams Rd, Sugarloaf, FL 33042
      View Details
    • $895,000

      Waterfront Property with Highway Visibility

      Prime working waterfront property with exceptional highway visibility in Summerland Key.
      24931 Overseas Hwy, Summerland Key, FL 33042
      View Details
    • $139,000

      Sugarloaf Key Vacant Land

      15,000 sq ft lot, 20 minutes from Key West.
      6 Date Palm Dr, Sugarloaf Key, FL 33042
      View Details
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    Ramrod Key, FL 33042
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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