97850 Overseas Highway, Key Largo, FL 33037
sale
$12,450,000
|
Other
Courtesy Of Ocean Sotheby's International Realty
Located on approximately 2 acres of upland and nearly one acre of bay bottom, this 21-room boutique hotel offers direct access to Florida Bay and stunning waterfront living in South Key Largo. Stretching from the Overseas Highway to the pristine waters of Florida Bay, the property is a true hidden gem. Family-owned, well maintained, and one of the Upper Keys' rarest bay front hospitality investment opportunities. Enjoy protected dockage with direct bay access, a private sandy beach, a concrete boat ramp, a heated and chilled swimming pool, outdoor grilling areas, and multiple tiki huts. Guests also benefit from spectacular year-round sunset views, creating a memorable Keys experience. 10 guest rooms have been tastefully renovated with a modern coastal design, while the remaining rooms have been refreshed with new paint and updated furnishings, delivering immediate rental income with strong upside potential to further increase revenue and value. Ideally located near dining, shopping, and the area's most popular attractions, this exceptional property offers a variety of possibilities: continue operating as a cherished boutique hotel, reposition to enhance performance, or redevelop into an even more valuable waterfront destination. A truly rare, turnkey investment with tremendous upside in one of the Florida Keys' most desirable locations.
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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. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Property Features
- Age: Over 50 Years Old
- Amenities: Water Front
- Appliance: Refrigerator
- Appliance: Dryer
- Appliance: Range
- Appliance: Washer
- Building Units: 21
- Cooling System: Window Unit(s)
- Cooling System: Wall/Window Unit(s)
- Cooling System: Central Air
- Exterior Type: CBS
- Exterior Type: Concrete
- Floor Covering: Tile
- Heating System: Electric (Heating)
- Heating System: Ductless (Heating)
- 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
- MLSID: 620702
- Roof Type: Metal
- Rooms: Bathroom 8
- Rooms: Bedroom 21
- Rooms: Bedroom 20
- Rooms: Bathroom 9
- Rooms: Bathroom 6
- Rooms: Bathroom 7
- Rooms: Bathroom 4
- Rooms: Bathroom 5
- Rooms: Bathroom 2
- Rooms: Bedroom 22
- Rooms: Bathroom 3
- Rooms: Bedroom 3
- Rooms: Bedroom 2
- Rooms: Bedroom 1
- Rooms: Bathroom 14
- Rooms: Bedroom 7
- Rooms: Bedroom 6
- Rooms: Bathroom 13
- Rooms: Bedroom 5
- Rooms: Bathroom 16
- Rooms: Bedroom 4
- Rooms: Bathroom 15
- Rooms: Bathroom 10
- Rooms: Bathroom 12
- Rooms: Bedroom 9
- Rooms: Bedroom 8
- Rooms: Bathroom 11
- Rooms: Bathroom 18
- Rooms: Bathroom 17
- Rooms: Bathroom 19
- Rooms: Bedroom 10
- Rooms: Bedroom 14
- Rooms: Bedroom 13
- Rooms: Bedroom 12
- Rooms: Bedroom 11
- Rooms: Bedroom 18
- Rooms: Bedroom 17
- Rooms: Bedroom 16
- Rooms: Bedroom 15
- Rooms: Bedroom 19
- Rooms: Bathroom 21
- Rooms: Bathroom 20
- Rooms: Bathroom 1
- View Type: Water
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