27340 Overseas Highway $6,900,000


    27340 Overseas Highway Ramrod Key, FL 33042

    • 3,969 sq. ft.
    • Commercial
    • MLS# 593971
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    Views: 6 Days On Site: 62

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    Property Details

    Unique opportunity to purchase an operating, money making Resort in the Lower Keys. Profitable return with Absentee Owner and Active Management. Appraised value completed March 2020 of $6.7 Million. Looe Key Reef Resort & Dive Center sits on 1.67 Acres & located Oceanside at Mile Marker 27.3. Includes 24 unit canalfront Hotel. CBS building two stories & 150 Seat Tiki Hut Restaurant & Bar with brand new Food Trailer Kitchen plus one of the most established Dive Shop's in the Keys. 3 Buildings total. Plus Two 5 COP Liquor licenses, 35' Custom Dive/ Snorkel boat. all dive shop rental gear, name, numbers, website & domain name LooeKeyReefResort.com. Ample customer parking. Two COM lots on Indies Dr. available for extra $175,000 each. Limited competition in the Lower Keys.

    • General Features
      • Land Size 1 Less Than 2 Acres
      • Building Square Footage 3,969
      • For Sale or Lease For Sale
      • Type Bar, Restaurant
      • Style Commercial
      • Fee Includes Other
      • Subdivision Breezeswept Bch Est (27.5)
      • Key Island Ramrod Key
      • Off Shore Island No
      • Potential Short Sale No
      • Bank Owned No
      • Taxes $49,808
      • Tax Year 2020
    • Building Features
      • Stories 2.0
    • Property Features
      • Dockage Boat Ramp
      • Dockage - Dock Other
      • Side Ocean
      • Water View Canal View, Ocean View
      • Waterfront Property Yes
      • Waterfront Type Canal Front
      • Utilities FKAA, Municipal Sewer
      • Zoning SC - Sub Urban Commercial District



    33042 (Ramrod Key) Demographics

    51 Median Age
    263 Population Density (per sq. mile)
    48% College Educated
    $80,013 Estimated Median Income
    2,182 Estimated Total Home Owners
    691 Estimated Total Renters
    76% / 24% Estimated Owner / Renter Divide
    4 Estimated Average Household Size
    6,707 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $749,000 Median Sales Price
    35 Homes Sold
    38 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $6,900,000
        1/4/2021 4:24:00 PM New in Database Source New Value: $6,900,000

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        Listing information is provided in part by the Internet Data Exchange (IDX) program of the Florida Keys Board of REALTORS®, Inc. The information on this website is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified. Copyright 2021 Florida Keys Board of REALTORS®, Inc. All rights reserved.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.