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97601 Overseas hwy - Waterfront site in Key Largo ~ 7,34 acres 7.34 Acres of Commercial Land Offered at $41,842,703 CAD in Key Largo, FL 33037

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INVESTMENT HIGHLIGHTS

  • One of the largest entitled oceanfront parcels in the Florida Keys — 7.34 upland acres
  • Over 6,800 SF of commercial floor area approved
  • Oceanside at MM 97.5 with excellent highway visibility
  • Multiple land use districts: MU, SC, UR, URM
  • 10 contiguous parcels sold as one investment-ready offering
  • 54 (57) permanent ROGO exemptions, 15 transient exemptions for legal vacation rentals or hotel use, 30 wet slips

EXECUTIVE SUMMARY

This site is being offered as a redevelopment opportunity with significant entitlements.

PROPERTY FACTS

Price $41,842,703 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Industrial
  • Retail
  • Mixed Use
  • Hospitality
  • Hotel
  • Manufactured Homes or Mobile Home Park
  • Marina
  • Retail Warehouse
  • Trailer or Camper Park
Total Lot Size 7.34 AC
No. Stories 2
Year Built 1944
Zoning MU, SC, UR, URM - Zoning districts collectively allow for a broad range of residential, commercial, and recreational uses

1 LOT AVAILABLE

Lot 10 parcels

Price $41,842,703 CAD
Price Per AC $5,700,640.76 CAD
Lot Size 7.34 AC

7.34-acre waterfront site in Key Largo with 54(57) ROGO, 15 transient rights & 30 wet slips. Flexible zoning (MU, SC, UR, URM) allows for residential, vacation rentals, hotel, RV park, boat storage or marina development.

DESCRIPTION

Seize this unique opportunity to acquire one of the largest entitled waterfront development sites in the Florida Keys. This ±7.34-acre oceanfront assemblage in Key Largo offers a powerful combination of scale, entitlements, and location. The property includes 54(57) permanent ROGO exemptions, 15 transient rental exemptions (ideal for vacation rentals or hotel use), and 30 wet slips—making it perfectly suited for a marina resort, luxury waterfront community, or mixed-use development. Zoned across multiple land use districts (MU, SC, UR, URM) with potential for FLUM and zoning amendments to Mixed Use/Commercial, allowing for increased density and use flexibility. The site also features over 6,800 SF of recognized commercial floor area. Strategically located Oceanside at MM 97.5, the site benefits from excellent highway visibility, direct water access, and proximity to world-class boating, fishing and diving. All parcels are being sold as a package. Buyers must verify all zoning, uses, and entitlements with Monroe County. LOU available upon request.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 00554760-000000
  • 00554490-000000
  • 00554710-000000
  • 00554420-000000
  • 00554610-000000
  • 00554460-000000
  • 00554590-000000
  • 00554600-000000
Land Assessment
$16,747,852 CAD
Improvements Assessment
$1,207,074 CAD
Total Assessment
$17,954,926 CAD
  • Listing ID: 36788080

  • Date on Market: 2025-07-17

  • Last Updated:

  • Address: 97601 Overseas hwy, Key Largo, FL 33037

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