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$12,450,000
Key Largo, FL 33037
MLS# 620702
23 beds | 23 baths
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Property Description
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 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.
Details
Maps
Contract Information
Listing Board: Florida Keys
Limited Representation: No
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
Current Price: $12,450,000
Listing Date: 2026-07-22
List Price: $12,450,000
Location, Tax & Legal
City: KEY LARGO
Mile Marker: 98
Marathon Neighborhood: N/A
Side: Bay/Gulf
Flood Zone: AE9
Alternate Key #: 1104922
Parcel #: 00091050000000
Zoning: SC - Sub Urban Commercial District
Legal: 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
Taxes: 36459.3
Tax Year: 2025
Street #: 97850
Street Name: Overseas
Street Suffix: Highway
Key/Island: Key Largo
State/Province: FL
Zip Code: 33037
Subdivision: Misc Sub MM 97-107 (98.0)
County: Monroe
Area: 27 - Key Largo MM 97-107
General Property Description
Realtor.COM Type: Commercial
Waterfront: Yes
Control Depth: 5
Lot Size: 174 X 487
Lot SqFt: 87120
Total Units: 22
Off Street Parking: Yes
SqFt Source: Property Data Card
Total # Buildings: 5
Building SqFt: 12788
Style: Commercial
Year Built: 1968
Total Bedrooms: 23
Full Baths: 23
Total Baths: 23
Remarks & Misc
Remarks – Consumer: 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 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.
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
License Info
# of Transient Licns: 21
Type
Hotel/Motel: 1
Fee Includes
None: 1
Dockage
Dock: Wood
Boat Ramp: 1
Seawall: Concrete
Appliances
Dryer: 1
Range: 1
Refrigerator: 1
Washer: 1
Property Info
# Boat Slips: 5
# Kitchens: 9
# Efficiencies: 21
# Refrigerators: 22
# Range/Ovens: 9
License Included: 1
Cooling
Ceiling Fans(s): 1
Central Air: 1
Wall/Window Unit(s): 1
Heating
Ductless: 1
Electric: 1
Waterfront
Bay Front: 1
Gulf Front: 1
Open Water: 1
Waterview
Bay/Gulf View: 1
Open Water View: 1
Floor
Tile: 1
Interior Features
Furnished: 1
Smoke Alarms: 1
Window Treatments: 1
Windows/Doors
Impact Rstnce Window: 1
Vehicle Storage
Guest Parking: 1
Common Parking: 1
Off Street Parking: 1
Construction
CBS: 1
Concrete: 1
Land Size
2 Less Than 5 Acres: 1
Terms
Buyer Obtain Finance: 1
No Seller Finance: 1
Private Financing: 1
Utilities
Buyer to Verify: 1
FKAA: 1
Municipal Sewer: 1
Property Rights
Multi-Use/Commercial: 1
Transient License: 1
Miscellaneous
Chickee Hut: 1
Fencing: 1
Handicap Access: 1
High Traffc Location: 1
High Visibility: 1
Highway Frontage: 1
Lobby: 1
Open Water View: 1
Patio: 1
Pool: 1
Utility Building: 1
Roof
Metal Roof: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Status: Active
Property Features
Property Info: License Included
Type: Hotel/Motel
Waterfront: Bay Front; Gulf Front; Open Water
Waterview: Bay/Gulf View; Open Water View
Dockage: Boat Ramp
Vehicle Storage: Common Parking; Guest Parking; Off Street Parking
Cooling: Ceiling Fans(s); Central Air; Wall/Window Unit(s)
Heating: Ductless; Electric
Utilities: Buyer to Verify; FKAA; Municipal Sewer
Interior Features: Furnished; Smoke Alarms; Window Treatments
Appliances: Dryer; Range; Refrigerator; Washer
Miscellaneous: Chickee Hut; Fencing; Handicap Access; High Traffc Location; High Visibility; Highway Frontage; Lobby; Open Water View; Patio; Pool; Utility Building
Construction: CBS; Concrete
Floor: Tile
Roof: Metal Roof
Land Size: 2 Less Than 5 Acres
Fee Includes: None
Terms: Buyer Obtain Finance; No Seller Finance; Private Financing
Property Rights: Multi-Use/Commercial; Transient License
Listing Office: Ocean Sotheby's International Realty
Last Updated: July - 22 - 2026
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.