99306 Overseas Highway & 54400 S Dixie Highway - Hospitality FOR SALE


Key Largo, FL 33037
$13,500,000 USD
562-612-7444
99306 Overseas Highway & 54400 S Dixie Highway, Key Largo, FL for Sale
$13,500,000 USD
Hospitality - FOR SALE
1/14
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99306 Overseas Highway & 54400 S Dixie Highway
Key Largo, FL 33037


HIGHLIGHTS

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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$13,500,000 USD

PRICE/SF

$2,104 USD /SF

# OF ROOMS

9

PRICE/ROOM

$1,500,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Key Largo FL Small Resort 1.5 ac Bay Front

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

Storefront Retail/Residential, Apartments, Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1951

PARKING SPACES

23

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

SC

APN/PARCEL ID

00504000-000000,00504010-000000,00504010-000100

ASK ABOUT THIS PROPERTY

Paul KeeverKey Lime Sailing Club and CottagesMore Info
562-612-7444

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Paul KeeverKey Lime Sailing Club and CottagesMore Info
562-612-7444

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.