26450 OVERSEAS HIGHWAY, RAMROD, FL 33042

26450 Overseas Highway
Ramrod, FL 33042

$14,990,000

Type: Lots / Land
Listing # 610800
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
Property Features
Location Information
County: Monroe
Neighborhood: Ramrod Key
MLS Area: 09 - Ramrod Key
Latitude: 24.659802
Longitude: -81.420222
Subdivision: Ramrod Shores Marina (27.0)
Directions: 26450 Overseas Highway
Exterior Features
Lot Size in Acres: 186
Lot Size in Sq. Ft.: 8,102,160
Waterfront Description: Oceanfront, Open Water
Has Waterfront: Yes
View Description: Ocean View
Side: Ocean
Additional Information
Property Type: LL
Property SubType: Vacant Land
APN: 00114170-000000
Status: Active
Tax Year: 2023
Tax Amount: $6,761.6
Listing courtesy of Aron Price, Terra Real Estate LLC (912) 481-1745
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The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of Florida Keys MLS. Real Estate listings held by brokerage firms other than EXIT Realty Paradise are marked with the MLS logo and detailed information about them includes the name of the listing broker's office.
Florida Keys MLS data last updated at March 1, 2025, 10:46 AM ET
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