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 (real estate only) , tiki bar, marina (real estate only), 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 (real estate only), 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. 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 or businesses. NDA required for information. Call for your exclusive showing!
Renovated Commercial Space - The Alamo Building, Sugarloaf Key (MM 20) Prime, newly updated commercial space available on Sugarloaf Key, directly across from Mangrove Mama's Restaurant. This high-visibility property on US-1 has been completely renovated inside and out, offering a clean, modern look with flexible space suited for a wide range of uses. Currently operated as a welcome center for Sugarloaf Key RV Resort and Cottages, the property is ideal for retail, showroom, professional services, fitness/yoga studio, coffee/juice bar, or even restaurant spaces (no commercial kitchens currently on premises). The layout supports both customer interaction and back-office functionality, with open areas, private offices, and refreshed restrooms. A spacious outdoor patio provides even more possibilities. This property offers excellent US-1 exposure with a steady flow of daily traffic, making it ideal for attracting customers and visibility. There is ample paved parking with convenient highway access, ensuring easy entry for clients and deliveries. The building includes approximately 2,520 square feet of usable commercial space situated on a 31,000-square-foot lot, offering flexibility for a variety of business operations. It is located just minutes from Key West and Big Pine, in the prime, central Lower Keys corridor. Buyer to verify zoning and permitted uses with Monroe County.
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Florida Keys Board of Realtors® Florida Keys MLS, Inc. Real Estate listings held by brokerage firms other than the owner of this site are marked with the MLS logo and detailed information about them includes the name of the listing broker's office. Information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate.
Sugarloaf Key is located in Florida. Sugarloaf Key, Florida has a population of 3,304.
The median household income in Sugarloaf Key, 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 Key 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.
