$6,250,000
Ramrod Key, FL 33042
MLS# 593971
Status: Closed
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Property Description
Unique opportunity to purchase an operating, money making Resort in the Lower Keys. Profitable return with Absentee Owner and Active Management. Appraised value completed March 2020 of $6.7 Million. Looe Key Reef Resort & Dive Center sits on 1.67 Acres & located Oceanside at Mile Marker 27.3. Includes 24 unit canalfront Hotel. CBS building two stories & 150 Seat Tiki Hut Restaurant & Bar with brand new Food Trailer Kitchen plus one of the most established Dive Shop's in the Keys. 3 Buildings total. Plus Two 5 COP Liquor licenses, 35' Custom Dive/ Snorkel boat. all dive shop rental gear, name, numbers, website & domain name LooeKeyReefResort.com. Ample customer parking. Two COM lots on Indies Dr. available for extra $175,000 each. Limited competition in the Lower Keys.
Details
Maps
Contract Information
Current Price: $6,250,000
Listing Date: 2021-01-04
Listing Board: Key West Association
Leased Price Monthly: $6,250,000
Limited Representation: No
For Sale/Lease: For Sale
Potential Short Sale: No
Bank Owned: No
Location, Tax & Legal
Street #: 27340
Street Name: Overseas
Street Suffix: Highway
Key/Island: Ramrod Key
State/Province: FL
Zip Code: 33042
Subdivision: Breezeswept Bch Est (27.5)
County: Monroe
Area: 09 - Ramrod Key
General Property Description
Realtor.COM Type: Commercial
Style: Commercial
Lot Size: 1.67 Acres
Lot SqFt: 72845
Waterfront: Yes
Control Depth: 4
Business Name: Looe Key Resort
# Stories: 2
Building Ht. Ft.: 25
Building SqFt: 3969
Year Built: 1958
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Dockage
Dock: Other
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Under Contract Date: 2021-07-28
Leased Date: 2021-07-29
Leased Price Monthly: $6,250,000
Status: Closed
Property Features
Type: Bar; Restaurant
Waterfront: Canal Front
Waterview: Canal View; Ocean View
Dockage: Boat Ramp
Utilities: FKAA; Municipal Sewer; Propane
Construction: Other
Land Size: 1 Less Than 2 Acres
Fee Includes: Other
Listing Office: RE/MAX Keys Connection (KW)
Last Updated: August - 31 - 2026
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.