97601 Overseas Highway, Key Largo, FL 33037

$27,900,000

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A11842443

Virtual Tour

https://show.tours/v/YNqhFZG

Property Type: Land & Docks Lot Size (sq. ft.): 319,730 Status: Active

Current Price: $27,900,000 List Date: 7/16/2025 Last Modified: 5/03/2026

Overview

Description

Seize this rare opportunity to develop one of the largest entitled waterfront parcels in the Florida Keys! This 7.4-acre assemblage offers 10 Total parcels, 54(57) ROGO exemptions, 15 transient rights, 30 wet slips, and commercial SF. Multiple parcels sold as a package. Located oceanside at MM 97.5 with excellent visibility and access to boating and tourism. With flexible zoning across multiple land use districts (MU, SC, UR, URM), the site supports a wide variety of uses, including residential, vacation rentals, hospitality, RV park, marina development, or boat storage. Whether you envision a boutique resort, waterfront rental community, or luxury mixed-use enclave, this is a truly one-of-a-kind investment opportunity in Monroe County.

Listing Details MLS# A11842443

General Property Information

Property Sub Type: Unimproved Land
Number Of Lots: 10
Lot Size Acres: 7.34
Lot Size Square Feet: 319730
Lot Size Dimensions: 7.34 acres
Lot Depth: 915
Additional Parcels YN: Yes
Additional Parcels Description: 3rd Parcel ID 00554760-000000, 2nd Parcel ID 00554710-000000
Property Description: 7.34-acre waterfront site
Waterfront YN: Yes
Lot Frontage: 350
LP/SqFt: 87.26

Property Features

Comprehensive Plan Use: Urban Commerce Current Use: Commercial; Unimproved Documents Available: Survey Environmental Audit: None Location of Property: County Location; Urban Area Development Possession: Close Of Escrow; Negotiable Possible Use: Agricultural; Commercial; Manufactured Home; Recreational Sewer: Public Sewer Special Information: County Jurisdiction Special Listing Conditions: Short Sale Utilities: Cable Available; Electricity Available; Phone Available; Sewer Available; Water Available; Irrigation Water Onsite; Trash Removal Boat and Dock Features: Ramp Listing Terms: Cash Road Frontage Type: Easement; Highway; Public Road Road Surface Type: Paved Water Access: Ocean Access Water Source: Public Water View: Ocean Waterfront Features: Ocean Front Showing Requirements: Call Listing Agent; Sign On Property Acreage Description: 5 To Less Than 10 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 29975000
LP/Acre: 3801089.92
LP/Frontage: 79714.29

Location and Legal

Country: United States
County Or Parish: Monroe
County Parish Name: Monroe
Street Number: 97601
Street Name: Overseas
Street Suffix: Highway
City Name: Key Largo
Municipal Code: 39
State Or Province: FL
Postal Code: 33037
Postal Zip: 33037
Subdivision Name: MANDALAY
Area: 2980
Geographic Area: Other
Elementary School: Key Largo
Middle Or Junior School: Key Largo
High School: Coral Shores
Parcel Number: 00554420000000
Subdivision Number: 10020
Zoning: MU,SC,UR, URM

Financial Information

Tax Year: 2024
Tax Annual Amount: 39754
Tax Legal Description: BK 2 LTS 1-2-3-4-5-6-7-8-30-31-32-33 AND SWLY 200FT X 250FT SQR 3 AND BK 4 LTS 1-2 AND PT 1ST ST AND PT 2ND ST MANDALAY AND ADJ BAY BTM PB1-

Status Change Information

Major Change Timestamp: 2026-04-04T00:05:06Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-04-04T00:05:06Z
Status Change Date: 2026-04-03

More Information

Short Sale Details

Lender Approval: Approved

Boat and Dock Information

Dock: Available
Dock Details: Community Boat Ramp

Section Details

Parcel Number MLX: 0055

Originating Details

Originating System Key: 418095269
Originating System ID: M00000151

Office/Member Information

DXORIGMLSID: SEF

Special Listing Conditions

Short Sale: Yes

Documents Available

Survey: Yes

Comprehensive Plan Use

Urban Commerce: Yes

Current Use

Commercial: Yes
Unimproved: Yes

Environmental Audit

None: Yes

Location of Property

County Location: Yes
Urban Area Development: Yes

Possession

Close Of Escrow: Yes
Negotiable: Yes

Possible Use

Agricultural: Yes
Commercial: Yes
Manufactured Home: Yes
Recreational: Yes

Sewer

Public Sewer: Yes

Special Information

County Jurisdiction: Yes

Utilities

Cable Available: Yes
Electricity Available: Yes
Phone Available: Yes
Sewer Available: Yes
Water Available: Yes
Irrigation Water Onsite: Yes
Trash Removal: Yes

Water Access

Ocean Access: Yes

Water View

Ocean: Yes

Listing Terms

Cash: Yes

Road Frontage Type

Easement: Yes
Highway: Yes
Public Road: Yes

Road Surface Type

Paved: Yes

Water Source

Public: Yes

Waterfront Features

Ocean Front: Yes

Income and Expenses

Inc/Exp Statement Period: No

Boat and Dock Features

Ramp: Yes

Showing Requirements

Call Listing Agent: Yes
Sign On Property: Yes

Acreage Description

5 To Less Than 10 Acre Lot: Yes

Documents

Key Largo Lot Survey ›

Presentation brochure ›

Listing Office: Swenson & Ecuyer Realty

Last Updated: May - 03 - 2026

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97601 Overseas Highway, Key Largo, FL 33037 (MLS# A11842443)