Property

Ramrod Key, FL 33042 26450 Overseas Highway

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Presented By: Terra Real Estate LLC
  • Florida Keys MLS (FLKMLS) - 204 - FL
  • MLS# 610800
  • 07/18/2024
  • Get pre-approved
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Disclaimer: The information contained in this listing has not been verified by LoKation® Real Estate and should be verified by the buyer.

Home Details

North Niles @ Ramrod Key: Premier Real Estate Development Opportunity in the Florida Keys.Located 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 land's 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.Learn more at northniles.com
Presented By: Terra Real Estate LLC

General for 26450 Overseas Highway

Bank OwnedNo
Control Depth7
Dockage: DockOther
Flood ZoneAE, VE, AE, AE, AE, VE
HOA Mandatory Home Owners Association No
Lot Sqft8102160.00
Property TypeB
StatusActive
SubdivisionRamrod Shores Marina (27.0)
ViewOcean View
ZoningSS - Sparsely Settled Residential District

Exterior for 26450 Overseas Highway

Off Shore IslandNo
SideOcean
Total Lots7.00
Vegetation SurveyYes
WaterfrontYes

Additional Details

Price History

Kim Larson

Price $14,990,000
MLS#610800
List Date 07/18/2024
Property Type Land
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