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  • 17075 Overseas Highway, Sugarloaf Key, FL 33042 (MLS# 618945)

17075 Overseas Highway, Sugarloaf Key, FL 33042

New Listing
$45,000,000
Property Type: Commercial Sale Bedrooms: 31 Baths: 31 Square Footage: 4,463 Lot Size (sq. ft.): 461,358 Status: Active
Current Price: $45,000,000 List Date: 3/06/2026 Last Modified: 3/06/2026

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 and tiki bar, marina 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, 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 and possible nightly rental use. 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. NDA required for financials. Call for your exclusive showing!

More Information MLS# 618945

Contract Information

Listing Board: Key West Association Limited Representation: No Potential Short Sale: No Bank Owned: No Current Price: $45,000,000 Listing Date: 2026-03-05 List Price: $45,000,000

Location, Tax & Legal

City: Sugarloaf Mile Marker: 19.5 Marathon Neighborhood: N/A Side: Bay/Gulf Flood Zone: AE,VE Alternate Key #: 1151939 Parcel #: 00118420-000000 Zoning: DR - Destination Resort District Legal: 3 67 27 PT GOVT LTS 3 AND 4 SUGARLOAF KEY (10.59 AC) OR557-3 Taxes: 58785.54 Tax Year: 2025 Street #: 17075 Street Name: Overseas Street Suffix: Highway Key/Island: Sugarloaf Key State/Province: FL Zip Code: 33042 Subdivision: Sugarloaf Acres (19.5) County: Monroe Area: 06 - Bay Point to Sugarloaf

General Property Description

Realtor.COM Type: Commercial Waterfront: Yes Control Depth: 3 Lot Size: 10.59 Lot SqFt: 461358 Business Name: Sugarloaf Lodge Total Units: 0 Building SqFt: 25923 Style: Commercial Living Apx SqFt: 4463 Year Built: 1958 Total Bedrooms: 31 Full Baths: 31 Total Baths: 31

Remarks & Misc

Remarks – Consumer: 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 and tiki bar, marina 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, 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 and possible nightly rental use. 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. NDA required for financials. Call for your exclusive showing!

Association Info

Mandatory Home Owners Asc: No 1st Right of Refusal: No

License Info

# of Transient Licns: 55 5-Cop (Transferable): 1 SRX (Non-Transferab): 1

Type

Bar: 1 Hotel/Motel: 1 Marina: 1 Office Buildings: 1 Restaurant: 1 Retail: 1

Fee Includes

None: 1

Dockage

Basin: 1 Boat Ramp: 1

Appliances

Dishwasher: 1 Range: 1 Refrigerator: 1

Waterfront

Bay Front: 1

Waterview

Bay/Gulf View: 1

Construction

Combo Construction: 1

Land Size

10 or more Acres: 1

Utilities

FKAA: 1 Municipal Sewer: 1

Miscellaneous

Chickee Hut: 1 High Traffc Location: 1 High Visibility: 1 Highway Frontage: 1 Lobby: 1 Manager on Premises: 1 Open Water View: 1 Pool: 1 Residence on Premise: 1

Financial Status

Bank Owned: No Potential Short Sale: No

Status Change Info

Status: Active

Property Features

License Info: 5-Cop (Transferable); SRX (Non-Transferab) Type: Bar; Hotel/Motel; Marina; Office Buildings; Restaurant; Retail Waterfront: Bay Front Waterview: Bay/Gulf View Dockage: Basin; Boat Ramp Utilities: FKAA; Municipal Sewer Appliances: Dishwasher; Range; Refrigerator Miscellaneous: Chickee Hut; High Traffc Location; High Visibility; Highway Frontage; Lobby; Manager on Premises; Open Water View; Pool; Residence on Premise Construction: Combo Construction Land Size: 10 or more Acres Fee Includes: None
Listing Office: The Agency Florida Keys
Last Updated: March - 06 - 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.

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