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Ocean Reef Real Estate Market Update: April 2, 2013

Real Estate Agent with Ocean Reef Club Real Estate


What’s New On the Market 


  • 24 Dispatch Creek Court:  $7,600,000

Magnificent family compound offers unprecedented privacy and 280 feet of water frontage that offers plenty of room for all one’s water toys. Panoramic views, exceptional layout, master sitting room, study with a full bath that can be a 6th bedroom, large outdoor lanai overlooking an infinity edge pool and private beach. Huge garage and tons of storage.

  • 17 Grayvik: $3,250,000

Grayvik Canal Front Cottage. Great canal front location on Grayvik Drive! This charming Chris Fergis designed home offers 3 bedrooms and two baths. Spacious covered outdoor living /dining areas with broad water views. Split floor plan, sky lights, a long spacious kitchen, the home exudes warmth and privacy. The exceptional large lot has tall mature trees and lush landscape, 83 feet of seawall with electric and water, fish cleaning stand and a deep 2 car, 2 cart garage. Take in the beautiful Southwestern afternoon exposure from the pool/patio.

  • 39 Thatch Palm Way: $2,650,000

Magnificent family compound offers unprecedented privacy and 280 feet of water frontage that offers plenty of room for all one’s water toys. Panoramic views, exceptional layout, master sitting room, study with a full bath that can be a 6th bedroom, Large outdoor lanai overlooking an infinity edge pool and private beach. Huge garage and tons of storage.

  • 539 Ocean Cay: $2,399,000

Completely remodeled ultra modern ocean front 3BR home on exclusive Ocean Cay. Enjoy Key Largo’s most prestigious ocean front gated community with protected deep water dockage perfect for yachtsmen. This luxury home has brand new upgrades: impact resistant windows throughout, new exterior white railings, with Keystone exterior porches and stairs. Chefs will enjoy the exclusive quartz and marble modern kitchen with stainless steel appliances, pendant lighting, mosaic tile backsplash, wine cooler, and great room overlooking the Atlantic ocean. The ocean front master suite features tongue and groove ceilings, ocean front bonus room, white cast iron tub, walk in custom organized closet, and double sinks. Exterior upgrades include new paint, a sandy beach, new landscaping, & mature royal palms. 100’ dock has power, water and instant access to the ocean with protection in the harbor.

  • 25 Harbour Green Drive: $2,259,000

Two-story canal front Harbour Green with a 4th bedroom and bath. Updated kitchen and bathrooms, tiled floors and all very well maintained. Dockage for a 50’ boat right out the back door. Entertainment deck with wet bar. Lots of storage (some with A/C) for all the equipment and toys.

  • 175 South Harbor Drive: $2,490,000

Project/will build. New Construction. Plans and Permit in hand. Very rare cleared lakefront lot in Hammock Course area.

  • 409 South Harbour Drive: $1,795,000

Beautiful Hammock Course home with vaulted ceilings, coral rock fireplace with built-in bookshelves. Large open great room with pocket sliders open to a fabulous screened in terrace overlooking the golf course. The front of the house offers a inviting pool with cascading spa adjacent to the guest suite. Master bedroom suite on the main level with his and her walk in closets. Two guest bedrooms with en suite baths on the second level. This home is light and bright, beautifully furnished with plenty of room. Newly renovated pool cabana and summer outdoor kitchen for grilling poolside.

  • 18 Exuma : $1,650,000

Recently remodeled Wheelhouse has been a vacation home favorite for many years being situated in the heart of the Villa Colony and just footsteps to Buccaneer Island. This three bedroom home sleeps eight, offers a hot tub under the stars, new grill, flat screen televisions throughout, and wonderful family style kitchen open to the oversized dining area.

  • 3 Torchwood Lane: $1,495,000

This property deserves your interest and inspection. It has so many attractive features to make your Ocean Reef life wonderful. Just as an example the Viking, gas kitchen and beautiful tile work throughout the baths and kitchen set the tone for this exquisite, comfortable, and manageable home. The southern view on the golf course from the delightful pool area will provide hours of fun and enjoyment. The cul-de-sac street adds to the tranquility. Close proximity to the new fitness center and spa facility makes it a short walk away.

  • Marina Village 3A: $1,495,000

Nicely appointed Marina Village condominium featuring wood laminate flooring, updated kitchen and bathrooms. Area pool right out your back door. 50’ live-aboard boat dock can be rented separately. Like owning two properties with one equity! Building features include elevators, metal roofs, impact resistant windows and slider doors, extra large cart storage rooms.

  • 450 Coral Lane: $1,395,000

This four bedroom, four and one half bath condominium style home provides all the benefits of condominium living. Located within walking distance of the Ocean Reef Club’s new Fitness Center and Spa this unique island-style design villa offers a spacious open floor plan with soaring ceilings. Features include two master bedroom suites, huge walk in closets, large kitchen with Euro-style cabinetry, separate dining area, laundry room, rear patio with a pool and waterfall spa and a two car garage. Decorator furnished this free standing condominium is turnkey!

  • 12 North Bridge Lane: $1,475,000

All one level home with spacious open floor plan offering high ceilings, 3 bedrooms, 3.5 baths plus a den/office,great room, gourmet kitchen with gas range, center island plus breakfast area. Oversized garage and porte-cochere at front entry. Large covered patio overlooking pool in a private setting.

  • 32 Bay Ridge Road: $1,295,000

Popular 3/3 interior home on a lot and a half. Remodeled in 2006. Rental income average $50K to $60K a year.

  • 3 Diana Road: $1,275,000

Highly desirable sophisticated Villa Colony cottage with exceptional interior renovations! Outstanding new kitchen and bathrooms rooms, wood flooring, and well furnished. The front porch allows for morning sun and the back covered porch doubles for dining and afternoon relaxation. With three bedrooms, two bathrooms, and a large family room, this home is in a great location on a cul-de-sac street with a park. Beautifully landscaped yard. This cottage is ready for you to enjoy, or use as a fabulous rental property. Many extras and a true “Must See!

  • Cay Harbor 5B: $895,000

Long canal views.

  • Cay Harbor 2C: $875,000

Fabulous ground floor condominium with a excellent long view down the canal to the Ocean! Recently renovated this two bedroom,two bath condominium has an extended living room with new kitchen , granite counter tops and built in bar. Walking distance to all amenties. 40 foot boat slip on new sea wall! Turn key!

  • Cay Harbor 6C: $825,000

Beautifully renovated and maintained Cay Harbor 2 bedroom, 2 bath second floor condominium. Offering a great ocean view looking out the channel. Renovation includes granite counter tops, all new appliances, heating and air, plumbing. One of the most desirable Cay Harbor locations.

  • Angelfish Cay 8B: $235,000

Second floor condo with granite counters, tile throughout, extended living room to include what was the porch beautiful view of water and community pool.

Price Changes

  • 12 Ocean Reef Drive: From $979,000 to $799,000
  • 60 Tarpon Lane: From $4,350,000 to $3,950,000
  • 28 Dilly Tree: From $1,550,000 to $1,495,000
  • 104 Andros Road: From $4,250,000 to $3,900,000
  • 588 Ocean Cay: From $2,899,000 to $2,799,000
  • 570 Coral Lane:  From $2,300,000 to $1,945,000
  • 44 South Bridge Lane:  From $2,899,000 to $2,699,000
  • 15 Halfway:  From $1,700,000 to $1,600,000
  • 12 South Road:  From $3,750,000 to $3,625,000
  • 14 Channel Cay: From $5,480,000 to $4,975,000
  • 23 Sunset Cay Road:  From $7,250,000 to $6,350,000
  • 22 Perky:  From $1,150,000 to $1,100,000
  • Golf Village 5B:  From $175,000 to $147,000
  • Angelfish Cay 68A:  From $459,000 to $425,000
  • Cay Harbor 8D:  From $750,000 to $650,000
  • Pumpkin Cay 49B:  From $845,000 to $765,000
  • Golf Village 5A:  From $225,000 to $195,000
  • Pumpkin Cay 65B:  From $1,595,000 to $1,390,000
  • Harbour House 35:  From $2,295,000 to $1,950,000
  • Cay Harbor 7E:  From $850,000 to $765,000
  • Harbour Green 49:  From $2,600,000 to $1,999,000
  • Moorings 36A:  From $990,000 to $995,000
  • Fairway Lakes 54B:  From $449,000 to $395,000
  • Golf Village 5A:  From $225,000 to $199,000
  • Pumpkin Cay 65A:  From $3,495,000 to $3,200,000
  • 10 Harbour Green:  From $1,950,000 to $1,895,000
  • 35 Villa Court:  From $725,000 to $675,000
  • Fairway Lakes 13A:  From $525,000 to $399,000
  • Yachtman’s Inn 204:  From $187,000 to $165,000
  • Fisherman’s Cove 17A:  From $675 to $659,000
  • Dock FS-36:  From $1,200,000 to $1,175,000




  • 105 Andros 
  • 1 Card Sound Road
  • 26 Dilly Tree Park
  • 45 Card Sound Road
  • 21 Thatch Palm Way
  • Fairway Lakes 52A
  • Landings 8A
  • Pumpkin Cay 32B
  • Harbour House 18
  • 44 Villa Court
  • Fairway Lakes 50B
  • Angelfish Cay 11A
  • Pumpkin Cay 71B
  • Angelfish Cay 72A
  • Dock FS-32


Your Ocean Reef Real Estate Connection

Office: 305 -367-2336 Mobile: 917-603-3252


If you are interested in determining the value of your home in Ocean Reef or would like to discover the benefits of membership in one of the world’s finest private clubs, please call or email me — Mary Lee

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