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Key Largo FL Small Resort 1.5 ac Bay Front 99306 Overseas Highway & 54400 S Dixie Highway 9 Room Hotel Key Largo, FL 33037 $13,500,000 ($1,500,000/Room)

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Investment Highlights

  • Acquire this high-performing, mixed-use portfolio in Key Largo with vacation rentals
  • Guests at Key Lime Sailing Club enjoy access to sailboats, kayaks, paddle boards, bikes, and more, driving strong visitor loyalty & repeat bookings.
  • Located on busy highways with robust daily traffic counts, both properties offer excellent exposure in the heart of Florida’s boating scene.
  • The Key Lime Sailing Club offers eight cottages, a two-story bayfront home, and a commercial space with 4.6 stars rating.
  • With 143M+ Florida Keys visitors in 2024—15.6% in Key Largo—the portfolio benefits from consistent, year-round travel demand.

Executive Summary

Seize on this exciting opportunity to acquire a mixed-use portfolio of vacation rentals serving the vibrant Florida Keys with the Key Lime Sailing Club & Cottages. These performing businesses deliver a turnkey opportunity for a new owner to secure a lucrative investment with robust upside potential to enter or expand in this thriving coastal market.

The Key Lime Sailing Club & Cottages, at 99306 Overseas Highway in Key Largo, includes eight ground level cottages, comprising one triplex, one duplex, and three single units, all built in 1970. The property also offers a two-story residential building with two bedrooms facing the bay, a private patio and a barbecue area, two large dining areas, and a spacious living room, as well as a freestanding 800-square-foot commercial building with retail or office use potential. (Well established Sailing School, 52 slip Marina & charter company Also available with purchase) Guests enjoy complimentary, unlimited access to 22-foot sailing boats, snorkeling equipment, bicycles, kayaks, canoes, paddle boards, fishing gear, and barbecue grills. These fantastic amenities As well as its beautiful location on Sunset Cove have attracted a large percentage of repeat visitors to the property Year after year, the business receives high 4.6-star Google online ratings. With a Unused 800 square foot Commercial building on 200' of direct frontage to the scenic Overseas Highway, seen by more than 41,000 vehicles daily, This is a gem in the rough waiting for it's full Luster to come out.

Presenting an enticing investment market, the Florida Keys are a major hub for boating and marine culture. Thousands of commercial, recreational, and pleasure boaters visit the region each year to fish, dive, snorkel, and enjoy aquatic recreation, including kayaking and paddle board sports. The Keys saw all-time-record visitor counts during 2024 of over 143 million, a 1.7% increase from 2023. Key Largo accounted for approximately 15.6% of these visitors, befitting the new owner of the Key Lime Sailing Club with dependable demand.

Make a mark on the Florida Keys with this performing, high-traffic vacation rentals at the Key Lime Sailing Club and Cottages.

Tours are by appointment only. Please contact Paul Keever to schedule a tour and learn more about this exciting offer.

Property Facts

Price $13,500,000
Price Per Room $1,500,000
Sale Type Investment
Property Type Hospitality
Property Subtype
Hotel
  • General Retail Storefront Retail/Residential
  • Multifamily Apartments
  • Multifamily Manufactured Housing Mobile Home Park
Building Class C
Lot Size 1.50 AC
Building Size 6,417 SF
No. Rooms 9
No. Stories 1
Year Built/Renovated 1951/2020
Parking Ratio 1.25/1,000 SF
Corridor Exterior
Zoning SC - suburban commerical

Amenities

  • Controlled Access
  • Marina
  • Beach (direct access)
  • Wedding Venue
  • Public Access Wifi
  • Smoke-Free

Nearby Amenities

Restaurants

Key Largo Fisheries Cafe $$ 0 min walk
Wendy's - - 0 min walk
The Key Thai Restaurant American $$$ 0 min walk
Mr C's Gourmet LLC Italian $ 0 min walk
Skipper's Dockside Restaurant Seafood $$$$ 0 min walk
Starbucks Cafe $ 0 min walk
Avenue Subs Inc - - 0 min walk
Subway - - 0 min walk
Domino’s - - 0 min walk
Burger King - - 0 min walk

Retail

Mattress Firm Furniture/Mattress 0 min walk
Wells Fargo Bank 0 min walk
Centennial Bank Bank 0 min walk
Gordon Food Service Other Retail 0 min walk
Family Dollar Dollar/Variety/Thrift 0 min walk
Walgreens Drug Store 0 min walk
Cvs Pharmacy Drug Store 0 min walk
Bank of America Bank 0 min walk
Speedway Convenience Market 0 min walk

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 00504010-000000
  • 00504000-000000
  • 00504010-000100
Land Assessment
$2,540,195
Improvements Assessment
$871,820
Total Assessment
$3,412,015

Sale Advisor

Sale Advisor

Paul Keever, Owner
Paul is an experienced businessman and entrepreneur with a history of success in a wide range of industries. They have served as the owner-operator of several marinas, vacation rentals, online platforms, sailing programs, and recreational experiences businesses. Paul began their career after graduating with a Bachelor's degree from Long Beach City College in 1981.
  • Listing ID: 25280068

  • Date on Market: 3/18/2022

  • Last Updated:

  • Address: 99306 Overseas Highway & 54400 S Dixie Highway, Key Largo, FL 33037

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