27340 Overseas Highway, Ramrod Key, FL 33042

New Listing
$12,250,000
Property Type: Commercial Sale Lot Size (sq. ft.): 72,845 Status: Active
Current Price: $12,250,000 List Date: 4/14/2026 Last Modified: 4/14/2026

Description

Offering Overview This sale includes a rare combination of income-producing assets, valuable licenses, and entitlements in the Florida Keys, at appraised value consisting of: • 25 Transient Rental Licenses - Currently in use and potentially available to be moved to another qualifying development, subject to all applicable approvals. • 150-Seat Restaurant - Established food & beverage venue with a newer tiki structure, ideal for waterfront or resort-style dining. • 5COP Quota Liquor License available separately - A valuable, transferable 5COP license allowing for the sale of beer, wine, and spirits for on-premises consumption, providing significant upside for the restaurant and bar operation which also allows for packaged Liquor sales. • 25-Room Hotel - Turnkey lodging operation benefiting from the transient licenses and strong Florida Keys tourism demand. • Dive Shop & Vessel - A popular, well-respected Florida Keys dive operation, including a 49-passenger coast guard approved Vessel with its own 2cop bar license allowing for wine and beer sales, retail/gear component, and a established customer base.

More Information MLS# 617400

Contract Information

Current Price: $12,250,000 Listing Date: 2025-11-21 Listing Board: Key West Association List Price: $12,250,000 Limited Representation: No As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No Species List: No

Location Tax Legal

Street #: 27340 Street Name: Overseas Street Suffix: Highway Key/Island: Ramrod Key State/Province: FL Zip Code: 33042 Subdivision: Breezeswept Bch Est (27.5) County: Monroe Area: 09 - Ramrod Key

General Property Description

Realtor.COM Type: Commercial Style: Commercial Lot Size: Irregular Lot SqFt: 72845 Waterfront: Yes Control Depth: 4 Business Name: Looe Key Reef Resort Off Street Parking: Yes # Stories: 2 Total # Buildings: 4 Building SqFt: 10956 SqFt Source: Appraisal Total Units: 25 Year Built: 1958

Status Change Info

Status: Active

License Info

# of Transient Licns: 25

Association Info

Mandatory Home Owners Asc: No 1st Right of Refusal: No

Dockage

Dock: Concrete

Financial Status

Bank Owned: No Potential Short Sale: No

Property Features

License Info: 5-Cop (Transferable); Other/See Remarks Property Info: License Included Type: Bar; Hotel/Motel; Restaurant; Other Services Waterfront: Canal Front Waterview: Canal View Dockage: Boat Ramp Vehicle Storage: Common Parking Cooling: Ceiling Fans(s); Wall/Window Unit(s) Utilities: FKAA; Municipal Sewer Interior Features: Furnished; Smoke Alarms Miscellaneous: Chickee Hut; Elevator; Handicap Access; High Traffc Location; Highway Frontage; Pool Construction: Other Floor: Concrete; Tile Roof: Other Roof Land Size: 1 Less Than 2 Acres Fee Includes: None Property Rights: Transient License
Listing Office: Berkshire Hathaway HomeServices Knight & Gardner Realty
Last Updated: April - 14 - 2026
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