$14,800,000
Key Largo, FL 33037
MLS# 615905
50 beds | 50 baths | 23092 sqft
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Property 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.
Details
Maps
Contract Information
Listing Board: Florida Keys
Limited Representation: No
Potential Short Sale: No
Bank Owned: No
Current Price: $14,800,000
Listing Date: 2025-07-23
List Price: $14,800,000
Location, Tax & Legal
City: KEY LARGO
Mile Marker: 99.5
Marathon Neighborhood: N/A
Side: Ocean
Flood Zone: X
Alternate Key #: 1622818
Parcel #: 00504940-000000
Zoning: SC - Sub Urban Commercial District
Legal: LOTS 2 THROUGH 11 PB1-165 SUNSET COVE KEY LARGO OR567-901 OR648-629 OR665-63 OR650-156CT OR767-102 OR796-1221 OR847-1350
Taxes: 16950.07
Tax Year: 2025
Street #: 99202
Street Name: Overseas
Street Suffix: Highway
Key/Island: Key Largo
State/Province: FL
Zip Code: 33037
Subdivision: Sunset Cove (99.5)
County: Monroe
Area: 27 - Key Largo MM 97-107
General Property Description
Realtor.COM Type: Commercial
Waterfront: No
Control Depth: 0
Lot Size: 450 x 110
Lot SqFt: 49500
Total Units: 0
SqFt Source: Property Data Card
Building SqFt: 23092
Style: Commercial
Living Apx SqFt: 23092
Year Built: 1953
Total Bedrooms: 50
Full Baths: 50
Total Baths: 50
Remarks & Misc
Remarks – Consumer: 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.
Directions: US 1 North MM 99
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
License Info
# of Transient Licns: 50
5-Cop (Transferable): 1
Type
Bar: 1
Hotel/Motel: 1
Restaurant: 1
Other Services: 1
Fee Includes
None: 1
Dockage
None: 1
Appliances
Refrigerator: 1
Waterfront
None: 1
Waterview
No Waterview: 1
Vehicle Storage
Off Street Parking: 1
Trailer Storage: 1
Construction
CBS: 1
Land Size
1 Less Than 2 Acres: 1
Utilities
Buyer to Verify: 1
FKAA: 1
Miscellaneous
Fencing: 1
Handicap Access: 1
High Traffc Location: 1
High Visibility: 1
Highway Frontage: 1
Lobby: 1
Pool: 1
Other Miscellaneous: 1
Roof
Concrete Roof: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Status: Active
Property Features
License Info: 5-Cop (Transferable)
Type: Bar; Hotel/Motel; Restaurant; Other Services
Waterfront: None
Waterview: No Waterview
Dockage: None
Vehicle Storage: Off Street Parking; Trailer Storage
Utilities: Buyer to Verify; FKAA
Appliances: Refrigerator
Miscellaneous: Fencing; Handicap Access; High Traffc Location; High Visibility; Highway Frontage; Lobby; Pool; Other Miscellaneous
Construction: CBS
Roof: Concrete Roof
Land Size: 1 Less Than 2 Acres
Fee Includes: None
Listing Office: RE/MAX All Keys Real Estate
Last Updated: April - 11 - 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.