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97601 Overseas Highway, Key Largo, FL 33037

$27,900,000
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

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.

More Information MLS# A11842443

Contract Information

Comp Sale YN: No LP/Acre: 3801089.92 LP/Frontage: 79714.29 Listing Date: 2025-07-16 Status: Active Original List Price: 29975000 List Price: $27,900,000 Current Price: $27,900,000

Location and Legal

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

General Property Information

Number Of Lots: 10 Lot Size Dimensions: 7.34 acres Lot Depth: 915 Property Description: 7.34-acre waterfront site Lot Frontage: 350 LP/SqFt: 87.26 Property Sub Type: Unimproved Land Lot Size Acres: 7.34 Lot Size Square Feet: 319730 Additional Parcels YN: 1 Additional Parcels Description: 3rd Parcel ID 00554760-000000, 2nd Parcel ID 00554710-000000 Waterfront YN: 1

Office/Member Information

DXORIGMLSID: SEF

Short Sale Details

Lender Approval: Approved

Special Listing Conditions

Short Sale: 1

Documents Available

Survey: 1

Comprehensive Plan Use

Urban Commerce: 1

Current Use

Commercial: 1 Unimproved: 1

Environmental Audit

None: 1

Location of Property

County Location: 1 Urban Area Development: 1

Possession

Close Of Escrow: 1 Negotiable: 1

Possible Use

Agricultural: 1 Commercial: 1 Manufactured Home: 1 Recreational: 1

Sewer

Public Sewer: 1

Special Information

County Jurisdiction: 1

Utilities

Cable Available: 1 Electricity Available: 1 Phone Available: 1 Sewer Available: 1 Water Available: 1 Irrigation Water Onsite: 1 Trash Removal: 1

Water Access

Ocean Access: 1

Water View

Ocean: 1

Listing Terms

Cash: 1

Road Frontage Type

Easement: 1 Highway: 1 Public Road: 1

Road Surface Type

Paved: 1

Water Source

Public: 1

Waterfront Features

Ocean Front: 1

Income and Expenses

Inc/Exp Statement Period: 0

Boat and Dock Information

Dock: Available Dock Details: Community Boat Ramp

Boat and Dock Features

Ramp: 1

Showing Requirements

Call Listing Agent: 1 Sign On Property: 1

Section Details

Parcel Number MLX: 0055

Acreage Description

5 To Less Than 10 Acre Lot: 1

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

Originating Details

Originating System Key: 418095269 Originating System ID: M00000151

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
Listing Office: Swenson & Ecuyer Realty
Last Updated: May - 03 - 2026
97601 Overseas Highway, Key Largo, FL 33037- MLS# A11842443
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