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65620 Overseas Highway, Long Key, FL 33001

$3,899,000
  • 65620 Overseas Highway, Long Key, FL 33001 Main Photo

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New to the Market Active
BEDS4 BATHS2 full SQUARE FEET1,647 MLS#620235
STATUSActive PROPERTY TYPEResidential - Single Family SUBDIVISIONLong Key Ocean Bay Colony (690)

Property Description

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 Rooseve

65620 Overseas Highway | MLS# 620235

This single family home located at 65620 Overseas Highway, Long Key, FL 33001 is currently listed for sale with an asking price of $3,899,000. This property was built in 1972 and has 4 bedrooms and 2 full baths with 1647 sq. ft. Overseas Highway is located in the Long Key Ocean Bay Colony (690) subdivision. Search Long Key Ocean Bay Colony (690) real estate on ashleeselman.adamscameron.com today.

Property Features

Property Type: Residential - Single Family
Cooling: Ceiling Fans(s)
Home Style: Ground Level
Lot Size: 0.43 Acres
Roof Type: Metal Roof
Taxes: $12,106
Year Built: 1972

Feature Descriptions

Accessibility: Parking
Add. Parcel #1: 00386370-000000
Add. Parcel #2: 00386360-000000
Appliances: Washer, Microwave, Oven, Refrigerator, Dishwasher, Dryer
Building Above Flood: No
Community Features: Beach
Dock: Wood
Exterior: Chickee Hut, Shed, Sandy Beach
Exterior: Frame, Combo Construction
Flood Zone: AE, VE, AE
Flooring: Tile
Furnished: Furnished
Furnished: Yes
HOA (1st Right of Refusal) Y/N: No
HOA (Mandatory) Y/N: No
Interior: Cathedral Ceilings, Window Treatments, Granite Counter Top, Built-in Cabinets, Split Bedroom
Key/Island: Long Key
Listing Board: Florida Keys
Lot Dimensions: 0.43Acre(s)
Off Shore Island: No
Parcel #: 00386370-000000
Pets: Pets Allowed
Porch/Balcony: Open Porch/Balcony, Patio
Security: No Security
Sewer Hookup: Yes
Specialty Rooms: Laundry Room, Utility Room
Tax exemptions: None
Utilities: FKAA, Buyer to Verify, Community Swr Plant
Waterfront: Oceanfront, Open Water
Waterview: Open Water View
Windows/Doors: Single Hung Windows, Impact Rstnce Window, Sliding Glass Doors
Zoning: UR - Urban Residential Distrit

Listed By / Shown By

Listed By

Agency Name: Ocean Sotheby's International Realty
Agency Phone: (305) 712-8888

Shown By

Agent Name: Ashlee Selman
Agent Phone: (386) 214-1466
Agency Title: Adams Cameron & Co. REALTORS

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Estimated Payment

$ 22,898.16 per month $20,752.12 Principal & Interest $1,008.83 Property Tax $1,137.21 Homeowner's Insurance

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