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993754cb196bf12889f704a31aa8ff18_993754cb196bf12889f704a31aa8ff18-m9_33882294febdf88ba2ec33800d3e2576-8d076785

Chic 1-Bedroom Loft in Key Largo with Vacation Rental License

Modern 1-bedroom, 1-bath loft in Key Largo, newly licensed for short-term vacation rentals. Ideal for weekend getaways or rental opportunities.

$495,000

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MLS #A11734980

Listing Updated: 2026-07-16 18:41:01

Listed By: American Caribbean Real Estate

Overview

This charming 480 sqft loft in Key Largo offers a modern and open living space, perfectly suited for those seeking a stylish retreat or a flexible rental property. Built in 1948, the home has been thoughtfully renovated to combine contemporary design with comfort. The property benefits from a newly acquired vacation rental license, allowing for short-term rentals, which adds to its versatility. Located on Overseas Hwy, it provides convenient access to the natural beauty and amenities of Key Largo, making it an attractive option for buyers looking for a manageable, low-maintenance residence or a seasonal getaway.

Property Highlights

1 bedroom, 1 bathroom, 480 sqft, renovated interior, vacation rental license, no garage, driveway parking, built-in features, located on Overseas Hwy, Key Largo.

Property Details

City: Key Largo

State: FL

Zip Code: 33037

Address: 98703 Overseas Hwy, Key Largo FL 33037

Year Built: 1948

Property Type: Residential

Property Sub Type: Single Family Residence

Listing Office Name: American Caribbean Real Estate

County: Monroe County

Garage Spaces: 0

Parking Features: Driveway

Interior Features: Built-in Features, No Additional Rooms

Exterior Features:

Waterfront: No

Pool: No

HOA Fee: $0

Annual Tax: $5,890

Days On Market: 492 Days

Original Listing Description

Fantastic Opportunity to get yourself a chic loft in Key Largo. Newly acquired vacation rental license allows for short-term rentals from this loft! Modern, open, and renovated, absolutely ready for you. A cool vibe for a weekend getaway or a rental opportunity. (SR zoning) Shown by appointment.

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

98703 Overseas Hwy, Key Largo FL 33037

About This Neighborhood

Key Largo is known for its scenic beauty and access to the Florida Keys' natural attractions. The neighborhood offers a relaxed coastal lifestyle with proximity to beaches, parks, and marine activities. Residents enjoy a peaceful environment combined with convenient access to local shops and dining options. The community is well-suited for those who appreciate outdoor recreation and a slower pace of life, making it a desirable location for both permanent residents and vacationers.

Walkability & Lifestyle

The property’s location on Overseas Hwy places it within reach of local amenities, including shops, restaurants, and recreational areas. Key Largo’s walkability varies, but residents can enjoy nearby waterfront parks and casual dining spots. The area supports an active outdoor lifestyle with opportunities for walking, biking, and water-based activities, enhancing everyday convenience and leisure options.

Things To Do Nearby

Key Largo offers a variety of activities such as boating, fishing, diving, and exploring marine parks. The nearby John Pennekamp Coral Reef State Park is a major attraction for snorkeling and diving enthusiasts. Dining options range from casual seafood eateries to waterfront restaurants. The community also hosts cultural events and provides access to golf courses and marinas, catering to diverse interests.

Nearby Schools

Key Largo offers access to a range of educational institutions within reasonable distance, providing options for families and residents. The area's schools are part of the Monroe County School District, known for serving the Florida Keys community. Proximity to schools adds to the convenience for residents with children, contributing to the neighborhood’s family-friendly appeal.

Why Buyers Like This Area

Buyers appreciate Key Largo for its blend of natural beauty, recreational opportunities, and relaxed lifestyle. The availability of properties with vacation rental licenses adds flexibility for owners. Its location offers a quieter alternative to Miami while maintaining access to urban amenities. The community’s welcoming atmosphere and scenic surroundings make it a favored choice for those seeking a coastal home or rental property.

Investment Potential

This Key Largo loft presents a unique opportunity for buyers interested in a property with a vacation rental license, allowing short-term rental options. Its location on Overseas Hwy attracts seasonal visitors and tourists, which can support tenant interest. The manageable size and modern renovations make it appealing for renters seeking comfortable, stylish accommodations. While rental income can vary, the property's flexibility and appeal in a popular Florida destination contribute to its potential as a rental asset.

Market Trends

The real estate market in Key Largo reflects steady demand driven by its appeal as a vacation destination and residential community. Properties with vacation rental licenses are particularly sought after due to the area's tourism. Inventory levels tend to be balanced, offering buyers options across various price points. Long-term interest in Key Largo remains strong as buyers seek homes that combine lifestyle benefits with accessibility to Miami and other parts of South Florida.

Rental Income Potential

Properties in Key Largo with short-term rental licenses often attract seasonal tenants and vacationers, enhancing rental appeal. The area's popularity as a tourist destination supports demand for well-maintained, modern accommodations. While rental income fluctuates seasonally, the ability to offer short-term stays increases occupancy potential. This loft’s size and location make it suitable for singles or couples seeking a convenient and comfortable rental option.