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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
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.
