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About This Home

This 50-bedroom, 50-bathroom commercial at 99202 Overseas Highway in Key Largo, FL is listed for $14,550,000 ($630 per sqft). Built in 1953, the home offers 23,092 sqft of living space on a 1.14 acres lot.

Agent Description

TURNKEY INN & HOSPITALITY INVESTMENT IN THE HEART OF KEY LARGO! This fully operational and income-producing inn is located in a prime Key Largo location and offers a rare combination of scale, flexibility, and future development potential. Highly visible location with 450 feet on US 1 with a total of 9 parcels included in sale.

The property spans 49,500 sq. ft. of land with 23,092 sq. ft. of building space. The Key Largo Inn has 50 total guest rooms-including 38 standard rooms and 12 spacious two-room suites with king beds and sleeper sofas, ideal for families and extended stays.

On-site amenities include a resort-style outdoor pool, and a restaurant and bar licensed with a 5COP full liquor license, allowing full-service alcohol sales. With 50 valuable transient licenses(nightly rentals)TDR's This property provides exceptional short-term rental income and flexibility.

The licenses are transferable and can be sold off separately, offering additional monetization or redevelopment options. Whether you continue operating this thriving inn or reposition the site for alternative commercial or mixed-use purposes, this is a one-of-a-kind investment opportunity in one of the Florida Keys' most desirable and high-demand markets.

Key Features

  • Built in 1953
  • 1.14 acre lot

Property Details

50 full
1953

Amenities

View

Monthly Cost Estimate

$77,816/mo

20% down · 6.5% · 30 years

Principal$10,523
Interest$63,050
Insurance$4,244

Estimates only. Actual payments may vary.

Location

99202 Overseas Highway

Key Largo, FL 33037

Sunset Cove (99.5)

Property Details

Construction

CBS

Views

Water

Appliances

Refrigerator

Questions & Answers

This 50-bedroom, 50-bathroom commercial at 99202 Overseas Highway is listed at $14,550,000 ($630/sqft). The estimated monthly payment is $63,050 based on 20% down at 6.5% interest.

Key features include: Built in 1953, 1.14 acre lot.

This property is listed by Gregory Dully and can be reached at 3059004232 or GregDully@RemaxCommercialTeam.com.

GD

Gregory Dully

Agent at RE/MAX All Keys Real Estate

(305) 900-4232

Listed by RE/MAX All Keys Real Estate

MLS# 615905· Source: listhub· Updated 313 days ago

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.

99202 Overseas Highway, Key Largo, FL 33037

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