Two-story coral stucco building with white metal roofs, framed by tropical trees and hedges.
Two-story building at dusk with green shutters, an exterior staircase, and a covered parking area.
Coral-orange two-story building with a balcony, teal trim, and a gravel parking area.
Aerial night view of a two-story property and illuminated courtyard swimming pool.
Living room with a light blue sofa, teal armchairs, and coastal bird artwork.
Living room with a light blue sofa, teal armchairs, and an open doorway to a bedroom.
Living and dining area with teal seating, bird wall sculptures, and a compact kitchenette.
Kitchenette with white cabinets and stainless sink beside a dining table with teal chairs.
Compact white kitchenette with a microwave and coffee maker, opening onto a bedroom.
Bedroom with a white bed, navy accent pillows, pale blue walls, and framed seascape above the headboard.
Bedroom with pale aqua walls, navy pillows, shuttered closet doors, and a wall-mounted television.
Bathroom with white vanity and a walk-in shower lined with dramatic blue veined tile.
Two-story orange multifamily building with an exterior staircase, balcony, and gravel parking area.
Coral-colored building with turquoise shutters, a covered porch, blue chairs, and a railed walkway.
Orange two-story building with teal shutters, a covered entrance, and hedges along the front.
Aerial view of a waterfront property with a pool, tennis court, and tropical landscaping.
Covered patio with turquoise-and-white seating, a hanging swing, and tropical landscaping.
Coral-orange home with a palm-shaded patio and turquoise outdoor seating.
Coral-orange single-story home with a light metal roof, tall palms, and flowering front shrubs.
Kitchen with wood cabinets, green countertops, and a white electric range.
Kitchen with a white electric range and floral curtains, opening to a wood-paneled sitting room.
Living and dining room with wood-paneled walls, wicker seating, and windows overlooking greenery.
Living and dining room with wood-paneled walls, blue seating, and large windows.
Bedroom with two white beds and navy pillows beside curtained windows.
Bathroom with a beige tiled walk-in shower and striped curtain beside a wood vanity.
Orange single-story house behind a shady lawn, with a hammock beneath mature trees and palms.
Orange two-story property beside a fenced pool, with a palm-lined lawn and stone garden ornaments.
Waterfront yard shaded by mature trees, with a hammock, picnic tables, and turquoise seating.
Two-story coral-colored property with turquoise trim, covered balconies, tropical plants, and outdoor seating.
Outdoor swimming pool with turquoise umbrellas and lounge chairs beside an orange two-story building.
Curved outdoor pool with turquoise loungers and umbrellas, backed by tropical greenery and a colorful mural.
Coral-colored waterfront home with a covered porch, palm trees, tiki shelters, and seating beside the water.
Orange cottage with teal-trimmed covered porch, turquoise seating, and tropical landscaping beneath large shade trees.
Tropical yard with thatched palapas, palm trees, and a coral-colored house with turquoise porch furniture.
Orange cottage with a covered porch, white railings, turquoise trim, and tropical landscaping.
Living room with blue sofas and dining area, looking out to the water.
Living and dining area with blue furnishings and windows overlooking the water.
Living and dining area with a blue sofa, patterned armchair, and wooden table beside a large window.
Bedroom with two cream beds, tropical accent pillows, and a wall-mounted air conditioner.
Renovated tiled bathroom with a pebble-floor shower, mosaic accent band, and high window overlooking flowering greenery.
Compact kitchen with white cabinetry and appliances beside a large screened window overlooking palm trees.
Dining area with a wooden table and chairs, opening onto a patio overlooking the water.
Covered waterfront porch with turquoise ceiling, porch swing, patio seating, and a palm-lined shoreline.
Waterfront grounds with a dock, palm trees, tiki shelters, and a sandy shoreline.
Waterfront patio with a thatched pavilion, palm trees, and docks beside calm blue water.
Tropical property with a coral cottage, thatched shade structures, palm trees, and outdoor seating.
Thatched-roof waterfront pavilion with stone tables and benches beside a calm canal.
Waterfront patio with blue lounge chairs beneath a thatched roof, overlooking calm water.
Waterfront dock with turquoise lounge chairs and a stone picnic table overlooking open water.
Waterfront grounds with palm trees, a dock, and a thatched-roof pavilion beside the water.
Waterfront picnic area with turquoise tables, mature shade trees, palm trees, and thatched shelters.
Waterfront yard with a private dock, palm trees, and calm bay views.
Palm-lined waterfront with white chairs, a dock, and a thatched tiki pavilion.
Sandy waterfront beach with calm water, shoreline mangroves, two beach chairs, and a concrete landing.
Waterfront beach with palm trees, colorful lounge chairs, and a thatched pavilion beside calm water.
Tropical waterfront property with a canal, palm trees, and a sandy driveway.
Waterfront property with a palm-lined sandy shore, kayaks, and a cottage across calm water.
Aerial view of a white-roofed property surrounded by tropical landscaping, with a kidney-shaped pool and turquoise umbrellas.
Waterfront property with pools, tennis court, sandy shoreline, and docks, seen from above.
Aerial view of a tropical property with a pool and tennis court beside expansive blue water.
Sandy waterfront with clear shallow water, kayaks, striped chairs, a tiki shelter, and palm trees.
Waterfront property with a tiki pavilion, dock, palm trees, and blue loungers on a concrete peninsula.
Waterfront dock with a thatched-roof palapa and palm trees beside calm blue water.
Waterfront patio with a thatched tiki pavilion, lounge chairs, and a dock beside the channel.
Waterfront property with a sandy shore, palm trees, dock, and thatched-roof pavilion beside turquoise water.
Waterfront property with palm-lined grounds, low-rise buildings, and a dock along the canal.
Aerial view of a waterfront property with a sandy beach, dock, and palm-lined grounds.
Aerial view of a tropical waterfront property with palm trees, cottages, sandy shore, and clear water.
Aerial view of a palm-lined waterfront property with sandy beach, docks, and marina beyond.
Aerial view of a waterfront property with palm-lined shores, docks, and turquoise water.
Waterfront beach with palm trees and lounge chairs overlooking calm water at sunset.
Palm trees and a thatched pavilion beside calm water at sunset.
Waterfront patio at sunset with lounge chairs and a stone picnic table beside calm water.
Calm waterfront at sunset, with a stone seawall patio and picnic table over the water.
Waterfront property with a pool and palm trees overlooking the water at sunset
Aerial view of a waterfront property with a swimming pool and tropical grounds at sunset.
Aerial view of a coastal property with a pool and tennis court beside the ocean at sunset.
Waterfront home and illuminated pool beside open water at dusk
Waterfront grounds with palm trees, picnic tables, and a thatched umbrella beside calm water at sunset.
Waterfront lawn with palm trees, a thatched pavilion, and picnic tables beside calm water at sunset.
Thatched tiki pavilion with outdoor seating beside calm water at sunset, framed by palm trees.
Waterfront dock and boat slips silhouetted against a golden sunset over calm water.
Tropical waterfront beach with a thatched pavilion and kayaks at sunset.
Waterfront property with palm trees, illuminated buildings, a tiki hut, and docks at twilight.
Tropical waterfront property at night with illuminated cottages and a thatched pavilion beside calm water.
Aerial view of a waterfront property with illuminated buildings, sandy shore, and docks at night.
Waterfront property with a palm-lined point and dock overlooking calm water at sunset.
Waterfront view at sunset, with a palm-lined dock and tropical greenery.
SEE ALL PHOTOS
Two-story coral stucco building with white metal roofs, framed by tropical trees and hedges.
Two-story building at dusk with green shutters, an exterior staircase, and a covered parking area.
Coral-orange two-story building with a balcony, teal trim, and a gravel parking area.
Aerial night view of a two-story property and illuminated courtyard swimming pool.
Living room with a light blue sofa, teal armchairs, and coastal bird artwork.
Living room with a light blue sofa, teal armchairs, and an open doorway to a bedroom.
Living and dining area with teal seating, bird wall sculptures, and a compact kitchenette.
Kitchenette with white cabinets and stainless sink beside a dining table with teal chairs.
Compact white kitchenette with a microwave and coffee maker, opening onto a bedroom.
Bedroom with a white bed, navy accent pillows, pale blue walls, and framed seascape above the headboard.
Bedroom with pale aqua walls, navy pillows, shuttered closet doors, and a wall-mounted television.
Bathroom with white vanity and a walk-in shower lined with dramatic blue veined tile.
Two-story orange multifamily building with an exterior staircase, balcony, and gravel parking area.
Coral-colored building with turquoise shutters, a covered porch, blue chairs, and a railed walkway.
Orange two-story building with teal shutters, a covered entrance, and hedges along the front.
Aerial view of a waterfront property with a pool, tennis court, and tropical landscaping.
Covered patio with turquoise-and-white seating, a hanging swing, and tropical landscaping.
Coral-orange home with a palm-shaded patio and turquoise outdoor seating.
Coral-orange single-story home with a light metal roof, tall palms, and flowering front shrubs.
Kitchen with wood cabinets, green countertops, and a white electric range.
Kitchen with a white electric range and floral curtains, opening to a wood-paneled sitting room.
Living and dining room with wood-paneled walls, wicker seating, and windows overlooking greenery.
Living and dining room with wood-paneled walls, blue seating, and large windows.
Bedroom with two white beds and navy pillows beside curtained windows.
Bathroom with a beige tiled walk-in shower and striped curtain beside a wood vanity.
Orange single-story house behind a shady lawn, with a hammock beneath mature trees and palms.
Orange two-story property beside a fenced pool, with a palm-lined lawn and stone garden ornaments.
Waterfront yard shaded by mature trees, with a hammock, picnic tables, and turquoise seating.
Two-story coral-colored property with turquoise trim, covered balconies, tropical plants, and outdoor seating.
Outdoor swimming pool with turquoise umbrellas and lounge chairs beside an orange two-story building.
Curved outdoor pool with turquoise loungers and umbrellas, backed by tropical greenery and a colorful mural.
Coral-colored waterfront home with a covered porch, palm trees, tiki shelters, and seating beside the water.
Orange cottage with teal-trimmed covered porch, turquoise seating, and tropical landscaping beneath large shade trees.
Tropical yard with thatched palapas, palm trees, and a coral-colored house with turquoise porch furniture.
Orange cottage with a covered porch, white railings, turquoise trim, and tropical landscaping.
Living room with blue sofas and dining area, looking out to the water.
Living and dining area with blue furnishings and windows overlooking the water.
Living and dining area with a blue sofa, patterned armchair, and wooden table beside a large window.
Bedroom with two cream beds, tropical accent pillows, and a wall-mounted air conditioner.
Renovated tiled bathroom with a pebble-floor shower, mosaic accent band, and high window overlooking flowering greenery.
Compact kitchen with white cabinetry and appliances beside a large screened window overlooking palm trees.
Dining area with a wooden table and chairs, opening onto a patio overlooking the water.
Covered waterfront porch with turquoise ceiling, porch swing, patio seating, and a palm-lined shoreline.
Waterfront grounds with a dock, palm trees, tiki shelters, and a sandy shoreline.
Waterfront patio with a thatched pavilion, palm trees, and docks beside calm blue water.
Tropical property with a coral cottage, thatched shade structures, palm trees, and outdoor seating.
Thatched-roof waterfront pavilion with stone tables and benches beside a calm canal.
Waterfront patio with blue lounge chairs beneath a thatched roof, overlooking calm water.
Waterfront dock with turquoise lounge chairs and a stone picnic table overlooking open water.
Waterfront grounds with palm trees, a dock, and a thatched-roof pavilion beside the water.
Waterfront picnic area with turquoise tables, mature shade trees, palm trees, and thatched shelters.
Waterfront yard with a private dock, palm trees, and calm bay views.
Palm-lined waterfront with white chairs, a dock, and a thatched tiki pavilion.
Sandy waterfront beach with calm water, shoreline mangroves, two beach chairs, and a concrete landing.
Waterfront beach with palm trees, colorful lounge chairs, and a thatched pavilion beside calm water.
Tropical waterfront property with a canal, palm trees, and a sandy driveway.
Waterfront property with a palm-lined sandy shore, kayaks, and a cottage across calm water.
Aerial view of a white-roofed property surrounded by tropical landscaping, with a kidney-shaped pool and turquoise umbrellas.
Waterfront property with pools, tennis court, sandy shoreline, and docks, seen from above.
Aerial view of a tropical property with a pool and tennis court beside expansive blue water.
Sandy waterfront with clear shallow water, kayaks, striped chairs, a tiki shelter, and palm trees.
Waterfront property with a tiki pavilion, dock, palm trees, and blue loungers on a concrete peninsula.
Waterfront dock with a thatched-roof palapa and palm trees beside calm blue water.
Waterfront patio with a thatched tiki pavilion, lounge chairs, and a dock beside the channel.
Waterfront property with a sandy shore, palm trees, dock, and thatched-roof pavilion beside turquoise water.
Waterfront property with palm-lined grounds, low-rise buildings, and a dock along the canal.
Aerial view of a waterfront property with a sandy beach, dock, and palm-lined grounds.
Aerial view of a tropical waterfront property with palm trees, cottages, sandy shore, and clear water.
Aerial view of a palm-lined waterfront property with sandy beach, docks, and marina beyond.
Aerial view of a waterfront property with palm-lined shores, docks, and turquoise water.
Waterfront beach with palm trees and lounge chairs overlooking calm water at sunset.
Palm trees and a thatched pavilion beside calm water at sunset.
Waterfront patio at sunset with lounge chairs and a stone picnic table beside calm water.
Calm waterfront at sunset, with a stone seawall patio and picnic table over the water.
Waterfront property with a pool and palm trees overlooking the water at sunset
Aerial view of a waterfront property with a swimming pool and tropical grounds at sunset.
Aerial view of a coastal property with a pool and tennis court beside the ocean at sunset.
Waterfront home and illuminated pool beside open water at dusk
Waterfront grounds with palm trees, picnic tables, and a thatched umbrella beside calm water at sunset.
Waterfront lawn with palm trees, a thatched pavilion, and picnic tables beside calm water at sunset.
Thatched tiki pavilion with outdoor seating beside calm water at sunset, framed by palm trees.
Waterfront dock and boat slips silhouetted against a golden sunset over calm water.
Tropical waterfront beach with a thatched pavilion and kayaks at sunset.
Waterfront property with palm trees, illuminated buildings, a tiki hut, and docks at twilight.
Tropical waterfront property at night with illuminated cottages and a thatched pavilion beside calm water.
Aerial view of a waterfront property with illuminated buildings, sandy shore, and docks at night.
Waterfront property with a palm-lined point and dock overlooking calm water at sunset.
Waterfront view at sunset, with a palm-lined dock and tropical greenery.
For Sale

97850 Overseas Highway

97850 Overseas Highway, Key Largo, FL 33037

$12,450,000
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.

22
beds

21
baths

2 Acres lot

Kim Thaler

Kim Thaler

Features & Amenities

Interior

  • total bedrooms22
  • Total bathrooms21
  • full bathrooms21
  • Flooring Tile
  • APPLIANCES Dryer, Range, Refrigerator, Washer
  • other interior Features Smoke Alarms, Window Treatments, Furnished

Area & Lot

  • Status For Sale
  • Lot Area2 Acres
  • MLS® ID620702
  • TypeCommercial
  • YEAR BUILT1968
  • NeighborhoodKey Largo
  • View DescriptionOpen Water View, Bay

Exterior

  • roofMetal
  • parkingCommon Parking, Guest, Off Street
  • HEAT TYPEElectric, Ductless
  • AIR CONDITIONINGWall/Window Unit(s), Ceiling Fans(s), Central Air

Financial

  • Sales Price$12,450,000
  • Real Estate Tax $36,459/yr
  • Zoning SC - Sub Urban Commercial District
View Virtual Tour
Two-story building at dusk with green shutters, an exterior staircase, and a covered parking area.

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Schedule a Showing

I would love to show you this beautiful property. Please select your preferred date and time below. I will be in touch shortly to confirm your appointment.
Thank you for your interest in 97850 Overseas Highway, Key Largo, FL 33037. We are reviewing your request and will be in touch shortly!
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Kim provides an expert level of informed, professional services in middle and upper keys real estate. With vast knowledge, overwhelming experience, and superior commitment, she stands out from all other local Florida Keys Real Estate companies.
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Contact Details

Kim Thaler

Phone

(305) 393-2787

Email

[email protected]

Address

81888 Overseas Hwy. Islamorada, FL 33036

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