121 Marina at Ocean Reef is one of the community's most sought-after waterfront condominium residences, offering just 27 exclusive contemporary homes along 750 feet of marina frontage. This expansive 4-bedroom, 4 full and 1 half bath residence encompasses 3,364 air-conditioned square feet of refined coastal living. This beautiful open floor plan features soaring 9-foot ceilings, generous living spaces, and seamless indoor-outdoor flow. Outdoor living is equally impressive with a spacious terrace of over 650 square feet including a gas BBQ while enjoying waterfront views and roll-down sunshades. The chef's kitchen is appointed with Italian cabinetry by MiaCucina, elegant stone countertops, and premium Sub-Zero and Wolf appliances. A built-in espresso and cappuccino station, along with a Sub-Zero wine cooler, creates the perfect entertaining bar area. The primary suite is a private retreat featuring enlarged walk-in closets and a spa-inspired bath with dual vanities, a deep soaking tub, a separate water closet, and luxurious finishes throughout. Each guest bedroom offers en-suite accommodations for ultimate privacy. This condo is complete with Smart Home technology and high-speed internet pre-wiring. For added confidence, the laundry room houses a full-sized washer and dryer with continued storage space. Arrive to find 2 dedicated car and 1 cart spaces. Don't forget to check out the large storage area located in the garage for this unit. Residents of 121 Marina enjoy exceptional amenities, including: On-site property management, a Junior Olympic swimming pool with a lap lane, a fitness center, a steam room and sauna, and Beacon House. Secure, private, and impeccably maintained, 121 Marina offers effortless waterfront living in the heart of Ocean Reef.
For sale
$13,895,000
111 Beach Rd #208, Key Largo, FL 33037
4beds
3,364sqft
Est.:
Condominium
Built in 2018
-- sqft lot
$12,969,900 Zestimate®
$4,130/sqft
$5,465/mo HOA
What's special
Luxurious finishes throughoutBeautiful open floor planSmart home technologyWaterfront condominium residencesItalian cabinetry by miacucinaWaterfront viewsElegant stone countertops
- 12 hours |
- 157 |
- 3 |
Zillow last checked: 8 hours ago
Listing updated: 20 hours ago
Listed by:
Hope Fortis,
Ocean Reef Club Sotheby's International Realty
Source: CLS at Ocean Reef,MLS#: 4980
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Appliances
- Included: Washer, Dryer, Dishwasher, Freezer, Refrigerator, Microwave
- Laundry: Laundry Room
Features
- Windows: Impact Glass
- Furnished: Yes
Interior area
- Total structure area: 3,364
- Total interior livable area: 3,364 sqft
Property
Features
- Stories: 1
- Patio & porch: Terrace
- Exterior features: Dock
Details
- Parcel number: 00569471006208
- Special conditions: Traditional
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Condition
- New construction: No
- Year built: 2018
Community & HOA
Community
- Subdivision: 121 Marina at Ocean Reef
HOA
- Has HOA: Yes
- HOA fee: $5,465 monthly
Location
- Region: Key Largo
Financial & listing details
- Price per square foot: $4,130/sqft
- Tax assessed value: $9,969,501
- Annual tax amount: $62,271
- Date on market: 2/26/2026
Estimated market value
$12,969,900
$12.32M - $13.62M
$7,264/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/26/2026 | Listed for sale | $13,895,000+75.9%$4,130/sqft |
Source: | ||
| 6/1/2023 | Sold | $7,900,000-12.2%$2,348/sqft |
Source: | ||
| 4/25/2023 | Pending sale | $9,000,000$2,675/sqft |
Source: | ||
| 3/13/2023 | Price change | $9,000,000-5.3%$2,675/sqft |
Source: | ||
| 3/11/2023 | Price change | $9,500,000-9.5%$2,824/sqft |
Source: | ||
| 1/12/2023 | Listed for sale | $10,500,000+83.4%$3,121/sqft |
Source: | ||
| 9/14/2020 | Sold | $5,725,000-10.5%$1,702/sqft |
Source: Public Record Report a problem | ||
| 8/24/2020 | Pending sale | $6,400,000$1,902/sqft |
Source: Ocean Reef Club Sotheby's International Realty #1070 Report a problem | ||
| 11/23/2019 | Price change | $6,400,000+10.3%$1,902/sqft |
Source: Ocean Reef Club Sotheby's International Realty #1070 Report a problem | ||
| 10/1/2019 | Listed for sale | $5,800,000$1,724/sqft |
Source: Engel & V�lkers Miami Coral Gables #123456789 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $62,272 +18.8% | $8,532,117 +10% |
| 2024 | $52,408 +22.1% | $7,756,470 +22.8% |
| 2023 | $42,927 +1.7% | $6,314,449 |
| 2022 | $42,198 +18.8% | $6,314,449 +27.9% |
| 2021 | $35,520 +6.5% | $4,935,125 +7.4% |
| 2020 | $33,339 | $4,593,445 +4.4% |
| 2019 | $33,339 +4.2% | $4,400,499 +642.1% |
| 2018 | $32,008 | $593,000 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$83,287/mo
Principal & interest
$68327
Property taxes
$9495
HOA Fees
$5465
Climate risks
Neighborhood: 33037
Nearby schools
GreatSchools rating
- 8/10Key Largo SchoolGrades: PK-8Distance: 13 mi
- 4/10Coral Shores High SchoolGrades: 9-12Distance: 27.4 mi





