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$27,975,000 -$2,000,000 (-6.67%) Price Reduced

  • For Sale
  • Active
  • Commercial
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Seize this rare opportunity to develop one of the largest entitled waterfront parcels in the Florida Keys! This expansive 7.4-acre waterfront assemblage offers an unparalleled chance to build in a high-demand location with significant entitlements already in place. Featuring 56 permanent ROGO exemptions for residential units and 15 transient exemptions, the site allows for a versatile mix of long-term and short-term vacation rentals, or hotel accommodations.Additional entitlements include 30 wet slips, offering substantial marina development potential. Located oceanside at MM 97, the property provides excellent highway visibility and immediate access to boating, diving, and fishing in the Florida Keys.With flexible zoning across multiple land use districts (MU, SC, UR, URM), the site supports a wide variety of uses, including residential, vacation rentals, hospitality, RV park, and boat storage. Whether you're envisioning a boutique resort, luxury marina community, or mixed-use waterfront destination, this is a truly one-of-a-kind investment opportunity in Monroe County.

Full Property Details for 97601 Overseas Hwy

General

  • Price: $27,975,000
  • Taxes: $41,411 (2024)
  • Status: Active
  • Type: Commercial
  • Source: 927
  • MLS ID: 615835
  • Updated: 2/20/2026
  • Added to Site: 218 day(s) ago

Interior

  • Appliances: No Appliances

Exterior

  • Exterior Features: Mobile Home Park, Other Comrcl Style, Marina

Location

  • Area: 27 - Key Largo MM 97-107
  • County: Monroe
  • Subdivision: Mandalay (97.5)
  • Driving Directions: Use this GPS reference for main access point:81 E. 2nd Street, Key Largo, FL 33037Next to the Mariners Club MM 97.5 oceanside

Community

  • Assoc. Fees Include: Other

Heating & Cooling

  • Cooling Type: None

Utilities

  • Water: Open Water View, Ocean View
  • Utility Description: FKAA, Separate Meters, Buyer to Verify, Municipal Sewer

Structural Information

  • Architectural Style: Commercial
  • Construction: Other
  • Sq. Ft. Source: Survey

Lot Features

  • Lot Size (Sq. Ft.): 319,730
  • Lot Dimensions: 7, 34 acres
  • Zoning: SC - Sub Urban Commercial District

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Front Type: Oceanfront, Open Water
  • Boat Dock Slip: Yes
  • Dock Description: Boat Ramp, Boat Slip

Financial Considerations

  • Tax Amount: $41,411
  • Tax Year: 2024

Disclosures and Reports

  • Legal Description: BK 2 LTS 1-2-3-4-5-6-7-8-30-31-32-33 AND SWLY 200FT X 250FT SQR 3 AND BK 4 LTS 1-2 AND PT 1ST ST AND PT 2ND ST MANDALAY
  • Flood Zone: AE, AE, VE, VE, AE, 0.2 P
  • APN: 00554420-000000

Listed by Swenson & Ecuyer Realty, Olga Grant (786) 647-8076 and Swenson & Ecuyer Realty, Daniel Guerrieri (305) 798-2257

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Listing agents

— 97601 Overseas Hwy —

  • Olga Grant

    Swenson & Ecuyer Realty

  • Daniel Guerrieri

    Swenson & Ecuyer Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 97601 Overseas Hwy

School District:Monroe County School District, Middle Torch Key, FL
NameGradesDistance
Key Largo School
104801 Overseas Highway, Key Largo, FL 33037
PK-87.2 mi
Key West High School
2100 Flagler Avenue, Key West, FL 33040
9-1290.1 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 97601 Overseas Hwy Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/17/2026
Price Reduced
$27,975,000
-6.67%
MLS
7/17/2025
Listed
$29,975,000
1323.99%
MLS
10/21/2013
Sold
$2,105,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 97601 Overseas Hwy

Year
Property Taxes
Change
Tax Assessment
Change
2024
$41,411
—
$2,749,841
-48%
2024
$41,411
39%
$5,252,943
—
2023
$29,871
48%
$5,253,716
99%
2022
$20,226
-11%
$2,642,877
-6%
2021
$22,812
—
$2,811,526
-1%
2021
$22,812
-10%
$2,831,947
-6%
2019
$25,266
10%
$3,016,602
10%
2018
$22,923
215%
$2,742,366
231%
2017
$7,279
-4%
$829,640
—
2016
$7,548
8%
$830,128
10%
2015
$7,004
-3%
$754,649
—
2014
$7,209
142%
$754,447
288%
2013
$2,984
—
$194,659
—
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Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 97601 Overseas Hwy

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Swenson & Ecuyer Realty, Olga Grant (786) 647-8076 and Swenson & Ecuyer Realty, Daniel Guerrieri (305) 798-2257

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97601 Overseas Highway, Key Largo, FL 33037 (MLS# 615835) is a Commercial property. 97601 Overseas Highway is currently listed for $27,975,000 and was received on July 17, 2025. Want to learn more about 97601 Overseas Highway? Do you have questions about finding other Commercial real estate for sale in Key Largo? You can browse all Key Largo real estate or contact a Coldwell Banker agent to request more information.

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