Iconic waterfront investment opportunity in the heart of the Lower Keys — Sugarloaf Lodge presents a rare chance to acquire one of the most recognizable hospitality properties between Key West and Marathon. Positioned on prime open water with protected dockage and sweeping sunset views, this legacy destination combines immediate income with significant redevelopment upside. The offering includes a 31-room existing hotel plus 24 vested development rights for a total of 55 hotel rooms at buildout. Improvements also include a hotel office/lobby, full-service restaurant (Real Estate only) tiki bar, marina facilities (real estate only), 5 COP liquor license, commercial retail strip (real estate only), and a 3-bedroom residential apartment.Located directly on the Overseas Highway with exceptional visibility and boating access, the property attracts both drive-to and marine traffic. Guests enjoy immediate access to world-class fishing, diving, and backcountry waters, while the location offers convenient proximity to Key West.With flexible zoning and strong tourism demand in the Lower Keys corridor, the property offers multiple paths forward — reposition, renovate, expand, or reimagine into a boutique waterfront retreat. The combination of land value, dockage, and location creates long-term strategic upside for a savvy investor. Confidential offering — qualified inquiries only.
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Sugarloaf is located in Florida. Sugarloaf, Florida has a population of 3,304.
The median household income in Sugarloaf, Florida is $95,365. The median household income for the surrounding county is $73,153 compared to the national median of $69,021. The median age of people living in Sugarloaf is 50.4 years.
The average high temperature in July is 89.4 degrees, with an average low temperature in January of 63.4 degrees. The average rainfall is approximately 44.4 inches per year, with 0 inches of snow per year.
