Date
Details
Price
Change
Source
7/22/2026
Listed
$12,450,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$12,450,000 Just Listed
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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 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.
Full Property Details
Full Property Details for 97850 Overseas Hwy
General
- Price: $12,450,000
- Taxes: $36,459 (2025)
- Status: Active
- Type: Commercial
- Source: 927
- MLS ID: 620702
- Updated: 7/23/2026
- Added to Site: 4 day(s) ago
Interior
- Interior Features: Smoke Alarms, Window Treatments, Furnished
- Appliances: Dryer, Range, Refrigerator, Washer
- Flooring: Tile
Rooms
Bathrooms
- Total Bathrooms: 21
- Full Bathrooms: 21
Bedrooms
- Total Bedrooms: 22
Parking
- Parking Features: Common Parking, Guest, Off Street
Location
- Area: 27 - Key Largo MM 97-107
- County: Monroe
- Subdivision: Misc Sub MM 97-107 (98.0)
Community
- Assoc. Fees Include: None
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Wall/Window Unit(s), Ceiling Fans(s), Central Air
- Heating Type: Electric, Ductless
Structural Information
- # Buildings: 5
- Construction: CBS, Concrete
- Roof: Metal
- Windows/Doors: Impact Rstnce Window
- Sq. Ft. Source: Property Data Card
- Year Built: 1968
Unit Information
- Units in Building: 21
Lot Features
- Property View: Open Water View, Bay
- Lot Size (Acres): 2
- Lot Size (Sq. Ft.): 87,120
- Lot Dimensions: 174 x 487
- Zoning: SC - Sub Urban Commercial District
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Desc.: Bay Front, Gulf Front, Open Water
Financial Considerations
- Tax Amount: $36,459.3
- Tax Year: 2025
- Terms: Private Financing Available, No Seller Finance, Buyer Obtain Finance
Disclosures and Reports
- 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
- Flood Zone: AE9
- APN: 91050000000
Listed by Ocean Sotheby's International Realty, Kim Bagnell Thaler (305) 393-2787
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Listing agent
— 97850 Overseas Hwy —
Kim Bagnell Thaler
Ocean Sotheby's International Realty
NMLS#: 1598647Get Pre-Approved Today
Price & Sales History for 97850 Overseas Hwy
Tax History
Tax History for 97850 Overseas Hwy
Year
Property Taxes
Change
Tax Assessment
Change
2024
$33,108
—
$4,692,140
5%
2024
$33,108
6%
$4,486,340
1%
2023
$31,343
27%
$4,435,556
46%
2021
$24,604
-4%
$3,032,402
-10%
2022
$25,613
4%
$3,364,450
-2%
2021
$24,604
-1%
$3,444,188
14%
2019
$24,794
6%
$3,030,204
10%
2018
$23,425
8%
$2,755,609
1%
2017
$21,606
10%
$2,716,126
19%
2016
$19,707
-2%
$2,277,363
—
2015
$20,012
-4%
$2,277,363
3%
2014
$20,815
3%
$2,216,443
10%
2013
$20,233
—
$2,014,949
—
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
Estimate the Cost for 97850 Overseas Hwy
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97850 Overseas Highway, Key Largo, FL 33037 (MLS# 620702) is a Commercial property. 97850 Overseas Highway is currently listed for $12,450,000 and was received on July 22, 2026. Want to learn more about 97850 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.