$14,990,000

26450 Overseas Hwy Ramrod Key, FL 33042

Estimated payment $84,230/month

Total Views 6,218
1.5 Acre
-- Price per Acre
-- Sq Ft Lot

About This Lot

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

Listing Agent

Aron Price

Terra Real Estate LLC License #BK3419624

Map

Property Details

Property Type

Land

Est. Annual Taxes

$6,762

Lot Details

0

Listing Details

  • Property Type: Lots and Land
  • As Is Right To Inspect: Yes
  • Control Depth: 7
  • Dockage Dock: Other
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Ramrod Key
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 27.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Property Group I D: 19990816212131825981000000
  • Side: Ocean
  • State Province: FL
  • Taxes: 6761.60
  • Alternate Key Number: 1144096
  • Lot Sq Ft: 8102160.00
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Miscellaneous Info Mobile Home Lot: No
  • Survey Available: Yes
  • Tax Exemptions: None
  • Vegetation Survey: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Waterfront: Oceanfront, Open Water
  • Waterfront: Yes
  • Waterview: Ocean View

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,VE,AE,AE,AE,VE
  • Parcel Number: 00114170-000000
  • Total Lots: 7.00

Tax Info

  • Tax Year: 2023

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,762 $799,146 $799,146 --
2023 $6,762 $799,146 $799,146 $0
2022 $6,782 $799,146 $799,146 $0
2021 $4,591 $799,146 $799,146 $0
2020 $4,475 $799,146 $799,146 $0
2019 $2,722 $321,197 $321,197 $0
2018 $2,415 $253,129 $253,129 $0
2017 $3,847 $661,537 $0 $0
2016 $3,823 $661,537 $0 $0
2015 $3,792 $661,537 $0 $0
2014 $3,788 $661,537 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2024 07/18/24 For Sale $14,990,000 +274.8% --
03/31/2021 03/31/21 Sold $4,000,000 -50.0% --
02/05/2021 02/05/21 Pending -- -- --
12/18/2020 12/18/20 For Sale $8,000,000 -- --
Source: Marathon and Lower Keys Association of REALTORS®

Deed History

Date Type Sale Price Title Company
Warranty Deed $1,000,000 Attorney
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,800,000 Commercial
Source: Public Records

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 610800

APN: 00114170-000000

Florida Monroe County Ramrod Key 33042

26450 Overseas Hwy, Ramrod Key, FL

Homes for Sale in Ramrod Key, FL

This home is located at 26450 Overseas Hwy, Ramrod Key, FL 33042 and is currently priced at $14,990,000. 26450 Overseas Hwy is a home located in Monroe County with nearby schools including Sugarloaf School, Key West High School, and Big Pine Academy.

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Listing Agent
Aron Price
Section Image
Terra Real Estate LLC
(786) 882-2514