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

  • For Sale
  • Active
  • Commercial Land
  • 7.34 Acres
  • Updated 5 hours ago
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Seize this rare opportunity to develop one of the largest entitled waterfront parcels in the Florida Keys! This 7.34-acre assemblage offers 10 Total parcels, 54(57) ROGO exemptions, 15 transient rights, 30 wet slips and commercial SF. Multiple parcels sold as a package. Located oceanside at MM 97.5 with excellent visibility and access to boating and tourism. 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, Marina developement or boat storage. Whether you envision a boutique resort, waterfront rental community, or luxury mixed-use enclave, 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: $39,754 (2024)
  • Status: Active
  • Type: Commercial Land
  • Source: Greater_Miami
  • MLS ID: A11842443
  • Updated: 2/19/2026
  • Added to Site: 219 day(s) ago

Rental Information

  • Approvals: Approved

Location

  • Area: Mandalay
  • County: Monroe County
  • Subdivision: MANDALAY
  • Building Name: MANDALAY

Community

  • Community Name: Mandalay

Utilities

  • Sewer: Other, Public Sanitation
  • Water: Municipal Water
  • Utility Description: Cable Connected, Electricity Connected, Irrigation Water, Sewer Connected, Cable Available, Electricity Available, Phone Available, Trash Removal, Water Available

Structural Information

  • Structure Type: Commercial
  • Detached/Attached: Detached
  • Current Bldg. Use: Unimproved Agr/Recreation/Mobile Home, Unimproved Business/Commercial

Lot Features

  • Property View: Ocean View
  • Lot Size (Acres): 7.34
  • Lot Size (Sq. Ft.): 319,730
  • Lot Dimensions: 350 x 915
  • Frontage Feet: 350
  • Street/Road Desc.: Paved
  • Lot Features: County Location, Urban Area Development, 5 To Less Than 10 Acre Lot
  • Potential Use: Urban Commercial
  • Zoning: MU, SC, UR, URM

Water Features

  • Water Front: Yes
  • Water Front Desc.: Ocean Access, Ocean Front

Financial Considerations

  • Tax Amount: $39,754
  • Tax Year: 2024
  • Terms: All Cash

Disclosures and Reports

  • Ownership: Corporation
  • Special Conditions: Short Sale
  • Documents Avail.: Survey Available
  • 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 AND ADJ BAY BTM PB1-
  • Inclusions: Community Boat Ramp, Dock Available
  • Property ID: 00554420-000000

Listed by Swenson & Ecuyer Realty

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Listing agents

— 97601 Overseas Hwy —

  • Swenson & Ecuyer Realty

  • 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
7/16/2025
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
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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

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with our affiliated lender
NMLS#: 1598647

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Listed by Swenson & Ecuyer Realty

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97601 Overseas Hwy, Key Largo, FL 33037 (MLS# A11842443) is a Commercial Land property with a lot size of 7.34 acres. 97601 Overseas Hwy is currently listed for $27,975,000 and was received on July 16, 2025. Want to learn more about 97601 Overseas Hwy? Do you have questions about finding other Commercial Land 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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