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Unique chance to develop a boutique hotel with 16 transient licenses on a property offering a private island feel, yet conveniently connected to US-1 via causeway. With its serene waterfront setting, the site presents excellent potential for also developing a small marina and restaurant, or even a high-end 16-unit RV park--making it an ideal destination for luxury travelers seeking an exclusive Keys experience. Currently, the property features three elevated residential homes, each offering 2 bedrooms, 1 bathroom, and 826 sq ft of living space each, along with a shared pool that enhances the guest experience.