Ad #7431827
MLS #620702
Located on approximately 2 acres of upland and nearly one acre
97850 Overseas Hwy, Key Largo, Florida, 33037
$12,450,000
22Beds
21Baths
--Sqft
2Acres
About this property
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.
Property Features
22 Beds
21 Baths
0 Sqft
Built in 1968
2 Acres
Beachview
On Beachfront
Siding: CBS, Concrete
Metal Roof
Electric (Heating), Ductless (Heating)
$36,459 / yr property tax
Monroe County
Misc Sub MM 7-17 (8) Community
Additional Photos
Contact Information
Kim Bagnell Thaler
Ocean Sotheby's International Realty
305-393-2787
Location
Listing Agent: Kim Bagnell Thaler (License #: 679315) 305-393-2787
Broker: Ocean Sotheby's International Realty 305-712-8888 Listing Site
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.
Broker: Ocean Sotheby's International Realty 305-712-8888 Listing Site
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.
BeachHouse.com
Printed Jul 24, 2026
Photo Gallery
$12,450,000
22
Beds
21
Baths
--
Sqft
97850 Overseas Hwy, Key Largo, Florida, 33037
By contacting this agent you agree to these Terms and Conditions.
MLS# 620702
Located on approximately 2 acres of upland and nearly one acre
$12,450,000
97850 Overseas Hwy, Key Largo, Florida, 33037
22
Beds
21
Baths
--
Sqft
2
Acres
$12,450,000
97850 Overseas Hwy, Key Largo, Florida, 33037
22 Beds
21 Baths
-- Sqft
2 Acres
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.
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Property Details
HOME DETAILS
22 Beds
21 Baths
0 Sqft
Built in 1968
2 Acres
BEACH & VIEW
Beachview
On Beachfront
EXTERIOR
Siding: CBS, Concrete
Metal Roof
INTERIOR
Electric (Heating), Ductless (Heating)
FINANCIAL & COMMUNITY
$36,459 / yr property tax
Monroe County
Misc Sub MM 7-17 (8) Community
See More Details
Location
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Ad Statistics
Ad Number
7431827
Viewed
9 times
Listing Status
Active
Added
Jul 22, 2026
Last Refresh
Jul 24, 2026 09:32:24 PM
Listing Information
Data Source
Florida Keys Board of REALTORS®
Source Property ID
620702
Listing Agent: Kim Bagnell Thaler (License #: 679315) 305-393-2787
Broker: Ocean Sotheby's International Realty 305-712-8888 Listing Site
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.
Broker: Ocean Sotheby's International Realty 305-712-8888 Listing Site
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.
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