SHM Plantation Key Acquires Marina In Tavernier From Leslie & Dennis Delatorre For $23.5M

This waterfront marina is located at 90400 Overseas Highway in Tavernier and has a sale price of $23,500,000. The asset spans approximately 29,330 square feet and was sold for $801 per square foot. It was last available in 1996 and encompasses nearly 3 acres. The facility features around 600 feet of US-1 frontage and is a fully operational marina with five buildings dedicated to marine sales, service, parts, repairs, and storage, offering a true turnkey operation.

Summary of transaction details:

• Property Type: Marina
• Transaction Amount: $23,500,000
• Address: 90400 Overseas Highway
• Market: Tavernier
• Square Footage: 29,330
• Price Per Square Foot: $801
• Buyer: SHM Plantation Key
• Seller: Elias, Leslie & Dennis Delatorre
• Broker: Kimberly Gray - LoKation® Real Estate

This transaction represents a strategic acquisition in a region noted for its fishing opportunities and limited marina inventory, highlighting the strong demand for such properties. Kimberly Gray successfully represented the listing and sale of this unique asset in Islamorada.