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For sale
  • $3,899,000

    65620 Overseas Hwy, Long Key, FL 33001

    4beds
    1,647sqft
    : 
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    Duplex, Multi Family
    Built in 1972
    -- sqft lot
    $-- Zestimate®
    $2,367/sqft
    $-- HOA

    What's special

    Existing legal duplexFour bedroomsPrivate beachfrontTwo bathroomsUnobstructed atlantic ocean views
    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
    308 days
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    318
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    Zillow last checked:

    Listing updated:

    Listed by:

    Walters Luxury Group Gloria, Rachel and Michaela Walters 305-942-6834,

    Ocean Sotheby's International Realty

    Source: FLKMLS,MLS#: 616369MLS LogoOriginating MLS: Florida Keys

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • Central
      Cooling
      • Central Air, Ceiling Fans(s)
      Appliances
      • Included: Washer, Microwave, Oven, Refrigerator, Dishwasher, Dryer
      • Laundry: Laundry Room
      Features
      • Cathedral Ceiling(s), Built-in Cabinets, Granite Counters, Split Bedroom, Utility Room
      • Flooring: Tile
      • Doors: Sliding Glass Doors
      • Windows: Window Treatments, Single Hung Windows, Impact Rstnce Window
      • Furnished: Yes
      Interior area
      • Total interior livable area: 1,647 sqft

      Property

      Accessibility
      • Accessibility features: No, Parking
      Features
      • Levels: Ground Level
      • Patio & porch: Open Porch/Balcony, Deck, Patio
      • Exterior features: Sandy Beach
      • Has view: Yes
      • View description: Ocean, Water
      • Has water view: Yes
      • Water view: Ocean,Water
      • Waterfront features: Oceanfront, Open Water, Waterfront, Sandy Beach, Dock: Wood
      Lot
      • Size: 0.62 Acres
      • Features: 1/2 - Less Than 1 AC
      Details
      • Additional structures: Chickee Hut, Shed(s)
      • Additional parcels included: 00386370000000,00386360000000
      • Parcel number: 00386370000000
      • Zoning: ISD
      • Zoning description: Improved Sup Duplex
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Duplex, Multi Family
      • Attached to another structure: Yes
      Materials
      • Frame, Combo Construction
      • Roof: Metal
      Condition
      • Year built: 1972

      Utilities & green energy

      • Sewer: Community Swr Plant, Public Sewer
      • Utilities for property: FKAA, Cable Available, Buyer to Verify

      Community & HOA

      Community
      • Features: Beach
      • Security: Smoke Detector(s), No Security
      • Subdivision: Long Key Ocean Bay Colony (69.0)
      HOA
      • Has HOA: No
      • Services included: None
      Location
      • Region: Long Key

      Financial & listing details

      • Price per square foot: $2,367/sqft
      • Tax assessed value: $1,189,316
      • Annual tax amount: $9,882
      • Date on market: 9/3/2025
      • Listing terms: Seller Finance Psble,Conventional,Cash

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        9/3/2025Listed for sale$3,899,000-2.5%$2,367/sqft
        Source: FLKMLS #616369 Report a problem
        9/2/2024Listing removed$3,999,999$2,429/sqft
        Source: FLKMLS #607501 Report a problem
        4/9/2024Price change$3,999,999-7%$2,429/sqft
        Source: Key West AOR #607501 Report a problem
        11/20/2023Listed for sale$4,299,000$2,610/sqft
        Source: Key West AOR #607501 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$12,106 +22.5%$1,189,316 +18.5%
        2024$9,883 +6.2%$1,004,025 +29.6%
        2023$9,304 -3.8%$774,571 +10%
        2022$9,667 +31.7%$704,155 +10%
        2021$7,339 +4.4%$640,141 +6.5%
        2020$7,029 $601,064 +3.4%
        2019$7,029 +2.4%$581,266 -0.8%
        2018$6,862 -2.7%$585,730 -0.5%
        2017$7,050 +2.5%$588,667 +3.7%
        2016$6,876 +3.4%$567,525 +10.8%
        2015$6,647 $512,273

        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 33001

        Getting around

        0 / 100
        Car-Dependent
        54 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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