About This Home

This 22-bedroom, 21-bathroom commercial at 97850 Overseas Highway in Key Largo, FL is listed for $12,450,000. Built in 1968, on a 2.00 acres lot.

Key Features

  • Built in 1968
  • 2.00 acre lot
  • Waterfront

Property Details

21 full
1968

Amenities

WaterfrontViewA/C
Listing 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.

Monthly Cost Estimate

$66,585/mo

20% down · 6.5% · 30 years

Principal$9,004
Interest$53,950
Insurance$3,631

Estimates only. Actual payments may vary.

Location

97850 Overseas Highway

Key Largo, FL 33037

Misc Sub MM 97-107 (98.0)

Property Details

Flooring

Tile

Construction

CBS Concrete

Views

Water

Heating

Electric (Heating)Ductless (Heating)

Cooling

Wall/Window Unit(s)Window Unit(s)Central Air

Appliances

RefrigeratorRangeWasherDryer

Questions & Answers

This 22-bedroom, 21-bathroom commercial at 97850 Overseas Highway is listed at $12,450,000. The estimated monthly payment is $66,585 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1968, 2.00 acre lot, Waterfront.

This property is listed by Kim Bagnell Thaler and can be reached at 3053932787.

KT

Kim Bagnell Thaler

License 679315

Agent at Ocean Sotheby's International Realty

(305) 393-2787

Listed by Ocean Sotheby's International Realty · Broker phone: 3057128888 · View on Broker Site

MLS# 620702· Source: Florida Keys Board of REALTORS®· 63 days on PropertySimple

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.

97850 Overseas Highway, Key Largo, FL 33037

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