$3,899,000

65620 Overseas Highway, Long Key

  • 4 Beds
  • 2 Baths
  • 1,647 Sqft
  • 18,731 Sqft lot
  • 5
  • MLS#620235

About the Property

Rarely does a Florida Keys property offer the combination of proven vacation rental income, transient rental zoning, private beachfront, and future development flexibility found at the historic Long Key Fish Camp. Situated at the southern tip of Long Key, this income-producing oceanfront property boasts 221 feet of private white sand beach, unobstructed Atlantic Ocean views, and both sunrise an

Rarely does a Florida Keys property offer the combination of proven vacation rental income, transient rental zoning, private beachfront, and future development flexibility found at the historic Long Key Fish Camp. Situated at the southern tip of Long Key, this income-producing oceanfront property boasts 221 feet of private white sand beach, unobstructed Atlantic Ocean views, and both sunrise and sunset. Currently operating as a successful nightly vacation rental, the property offers a rare opportunity for investors seeking immediate income with the flexibility to further enhance or redevelop the site. The existing legal duplex features four bedrooms and two bathrooms, capturing the character and charm of Old Florida Keys living. Continue operating the property as a vacation rental, renovate the existing improvements, or explore the property’s long-term redevelopment potential. The offering includes two development rights associated with the legal duplex, plus a third development right for an accessory structure, an increasingly rare asset in the Florida Keys. This unique combination creates opportunities to maximize rental income, establish a private waterfront compound, or pursue future redevelopment, subject to applicable approvals. Ideally positioned between Islamorada and Marathon, the property offers convenient access to marinas, restaurants, shopping, and airports while maintaining a level of privacy rarely found in the Keys. The shallow turquoise waters offshore are ideal for kayaking, paddleboarding, snorkeling, and fishing, while nearby Long Key State Park and the Long Key Viaduct provide access to some of the world’s most renowned tarpon fishing. Adding to its significance, the property occupies the former site of Henry Flagler’s original Long Key Fishing Camp. In the early 1900s, famed author Zane Grey helped establish Long Key as one of sportfishing’s most celebrated destinations, hosting notable guests including Herbert Hoover and Franklin Roosevelt.

  • Property type

    Apartment

  • Price/sqft

    $2,367

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65620 Overseas Highway, Long Key, FL 33001, Layton, Florida, United States View on Google Maps
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Gloria Walters

Joined 11 years ago
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Gloria Walters
Florida, United States
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14
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2015
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Ocean Sotheby's International Realty
Ocean Sotheby's International Realty
81888 Overseas Highway, 33036, Islamorada, Florida, United States
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For three centuries, the Sotheby’s name has been synonymous with the exceptional. A name that not only represents t
For three centuries, the Sotheby’s name has been synonymous with the exceptional. A name that not only represents the most prized possessions in the world but decides them. Ocean Sotheby’s International Realty has transformed this legacy into a way of life — a life of limitless opportunity to reach your full potential. Spearheaded by Russell Post in 2010, Ocean Sotheby’s International Realty has created an innovative distinction within the market we serve. ’Ocean’ is not just a part of our name; it’s a part of our ethos, of our commitment to our unique chain of 1,700 small, semi-tropical islands that arch over 100 miles from Key Largo to Key West. We are characterized by our deep roots in the community, our adaptability, and our unprecedented results. Our team is dedicated to the best Florida Keys properties and lifestyles, representing the most desirable homes in Monroe County, along with an entire universe of luxury living. With our expertise in the luxury Florida Keys real estate market and a passion for our community, we cultivate a creative culture to assist our clients on a journey to achieve the Florida Keys lifestyle. When Florida is your vision, we define Florida Keys luxury.
Last updated
June 10
First listed
Nov 30, 2023
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Listing reference
HMV6DJ
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