17075 Overseas HWY, Sugarloaf Key, FL 33042
17075 Overseas HWY, Sugarloaf Key, FL 33042
17075 Overseas HWY, Sugarloaf Key, FL 33042
17075 Overseas HWY, Sugarloaf Key, FL 33042
17075 Overseas HWY, Sugarloaf Key, FL 33042
17075 Overseas HWY, Sugarloaf Key, FL 33042
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Amy Bruggeman

Amy Bruggeman

+1(305) 619-0818
Listed by Lisa Swanson The Agency Florida Keys
$ 45,000,000
Est. payment | /mo

31 Beds

31 Baths

4,463 SqFt

Save
$ 45,000,000
Est. payment | /mo
Save

31 Beds

31 Baths

4,463 SqFt

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 4,463 sqft

Price per Sqft $10,082

Subdivision Sugarloaf Acres (19.5)

MLS Listing ID 618945

Bedrooms 31

Full Baths 31

HOA Y/N No

Year Built 1958

Annual Tax Amount $58,785

Tax Year 2025

Lot Size 10.591 Acres

Acres 10.59

Lot Dimensions 10.59

Property Sub-Type Commercial

Land Area 4463

Property Description

Rare opportunity to acquire Sugarloaf Lodge & Marina - 10.6± Acre Waterfront Resort Redevelopment Opportunity Near Key West, located on Lower Sugarloaf Key, 15 minutes from Key West along the Overseas Highway. Positioned on the waterfront of Sugarloaf Sound, this unique property offers significant resort redevelopment and expansion potential in one of the most supply-constrained hospitality markets in the USA. Historically the property operated as a larger waterfront lodge destination. Several hotel units were lost during Hurricane Wilma in 2005, however 24 development rights associated with those units remain vested, creating a rare opportunity to rebuild and expand the resort footprint. Based on existing development rights, potential density may allow future expansion to approximately 101 hotel rooms, subject to approvals. The 10.6-acre site includes an operating lodge, waterfront restaurant (real estate only) , tiki bar, marina (real estate only), dockage, pool, and resort amenities. The restaurant operates with an SRX liquor license, and the property also includes a separate transferable 5COP liquor license, a valuable asset allowing the sale of beer, wine, and spirits.Additional improvements include a commercial retail building with four office spaces (real estate only), which may be expanded or repositioned to support hospitality, marina, or retail uses, as well as a three-bedroom residential unit that may offer redevelopment potential. With 10.6 acres of waterfront land, existing hospitality use, vested development rights, and close proximity to Key West, the property offers a rare opportunity for investors seeking to develop a boutique waterfront resort, eco-luxury destination retreat, or marina resort redevelopment.
Buyer to verify development rights, zoning, density, and redevelopment potential. Qualified buyers only. Shown by appointment only. Do not disturb staff or businesses. NDA required for information. Call for your exclusive showing!

Location

State FL

County Monroe

Area 06 - Bay Point To Sugarloaf

Zoning DR - Destination Resort District

Interior

Appliance Dishwasher, Range, Refrigerator

Exterior

Utilities Available FKAA, Municipal Sewer

Waterfront Description Bay Front

Garage No

Others

HOA Fee Include None

Tax ID 00118420-000000

Miscellaneous Chickee Hut, High Visibility, Open Water View, Manager on Premises, Highway Frontage, High Traffic Location, Residence on Premise, Lobby, Pool

Nearby Locations

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17075 Overseas HWY