Mast Capital and Koch Real Estate Investments have officially acquired The Islands of Islamorada, a premier luxury resort located in the Florida Keys. This strategic acquisition of the seven-acre waterfront property aims to revitalize sales efforts for the resort’s exclusive private villas, further cementing the partners’ presence in the regional hospitality sector.
Key takeaways
- The seven-acre property features 22 private villas and eight hotel suites.
- Sales for the villas, starting at $3.8 million, will be handled by Ocean Sotheby’s International Realty.
- The resort includes high-end amenities like private marina access, oceanfront pools, and pickleball courts.
A prime location for luxury living
Located at 82779 Old Highway in the Upper Keys, the resort is situated just 90 minutes from Miami. Known as the "Sport Fishing Capital of the World," Islamorada provides an ideal backdrop for this exclusive enclave. The property offers direct water access and a wide array of upscale amenities, including two oceanfront swimming pools, a private beach, and a state-of-the-art fitness center. Guests and residents also benefit from a private marina equipped with boat slips, kayaks, and sailboats for coastal recreation.
Investment and development strategy
The new ownership group intends to re-launch sales and marketing efforts for the 22 waterfront villas. These fully furnished residences are designed with four bedrooms and four bathrooms across a three-story layout. Each unit features covered waterfront loggias, two-car garages with EV charging, and integrated smart-home technology. Built to current hurricane code standards, the villas offer a rare combination of luxury living and potential income generation through the resort’s established rental program.
Expanding a growing hospitality portfolio
This acquisition marks a significant expansion of Mast Capital’s hospitality holdings across Florida. The firm continues to target premier leisure destinations, with a portfolio that includes the renowned Little Palm Island Resort & Spa and the Saddlebrook Resort in Tampa Bay. By focusing on supply-constrained markets where demand remains high, the partnership aims to leverage the unique appeal of the Florida Keys to attract sophisticated buyers and travelers alike. Financing for the deal was arranged by Berkadia Miami, reflecting strong lender confidence in the project’s long-term business plan.