26450 Overseas Highway , FL - Ramrod
Commercial
North Niles at Ramrod Key: Premier Real Estate Development Opportunity in the Florida KeysLocated in the Florida Keys on Overseas Highway, Ramrod Key was named after a ship named Ramrod, which was wrecked on a reef south of the island in the early nineteenth century. Positioned at mile marker 26, North Niles at Ramrod Key is just 24 miles from Key West Airport.This prime property features over 1.5 miles of water frontage and is the largest single connected piece of land available in the Keys at 186 acres. It boasts the tallest bridge clearance from Key West to Marathon at 38 feet and the deepest boat basin at over 20 feet. With direct access to the Atlantic Ocean and Niles Channel, and over one mile of water frontage, this site is ideal for marine activities. Additionally, it offers almost half a mile of frontage on Overseas Highway, enhancing its visibility and accessibility.Zoning & Entitlements-Comprehensive zoning and entitlement due diligence has been completed for North Niles at Ramrod Key. The county has provided a Letter of Understanding (LOU) that outlines a path for developing 93,000 square feet of floor area and up to 9 homes, with the first Rate of Growth Ordinance (ROGO) already approved.The lots include a mix of habitats and zoning types, all of which have been documented and surveyed. Environmental studies and surveys are complete, confirming the lands suitability for development. Although the property includes more dwelling units than can be built due to clearing limitations, there is sufficient usable land. With dedication, additional ROGO points can be gained, expediting further development awards. Potential tax benefits from dedication or conservation easements add to the financial appeal of this investment.North Niles at Ramrod Key is the largest available developable tract in the Florida Keys, presenting a unique and exceptional opportunity for development in this sought-after region.
Listing Summary for 26450 Overseas Highway
Price:
$14,990,000
Bedrooms:
n/a
Bathrooms:
n/a
Half Baths:
n/a
Square Footage:
n/a
Lot Sq. Ft.:
8,102,160
Year Built:
n/a
Property Type:
Commercial
Sub-Type:
Commercial
MLS® #:
610812
Status:
Active
Address:
26450 Overseas Highway
City:
Ramrod
State:
FL
Zip:
33042
County:
Monroe
Key:
Ramrod Key
Side of Island:
Ocean
Community:
Ramrod Shores Marina
Mile Marker:
27.00
Tax Year:
2023
Date Listed:
07-18-2024
Additional Information
Is Waterfront:
Yes
Waterfront Type:
n/a
View
n/a
Has Pool:
n/a
Pool Info:
n/a
Short Sale:
No
Foreclosure:
No
Pets:
n/a
Docakge Type:
n/a
Dockage Length:
n/a
Dockage Seawall:
n/a
Dockage Construction:
n/a
Security:
n/a
Building Construction:
n/a
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The information being provided by the Florida Keys MLS is exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. The MLS data provided for the property above (610812) is provided courtesy of (Terra Real Estate LLC). Data last updated on 11-26-2024.
