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For sale
  • $13,895,000

    111 Beach Rd #208, Key Largo, FL 33037

    4beds
    3,364sqft
    : 
    Condominium
    Built in 2018
    -- sqft lot
    $12,998,800 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
    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.
    39 days
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    479
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    10
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    Zillow last checked: 7 hours ago

    Listing updated: March 05, 2026 at 10:58am

    Listed by:

    Hope Fortis,

    Ocean Reef Club Sotheby's International Realty

    Source: CLS at Ocean Reef,MLS#: 4980MLS Logo

    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
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      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
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        Estimated market value

        $12,998,800

        $12.35M - $13.65M

        $7,264/mo

        Price history

        Price history
        DateEventPrice
        2/26/2026Listed for sale$13,895,000+75.9%$4,130/sqft
        Source: CLS at Ocean Reef #4980 Report a problem
        6/1/2023Sold$7,900,000-12.2%$2,348/sqft
        Source: CLS at Ocean Reef #2463 Report a problem
        4/25/2023Pending sale$9,000,000$2,675/sqft
        Source: CLS at Ocean Reef #2463 Report a problem
        3/13/2023Price change$9,000,000-5.3%$2,675/sqft
        Source: CLS at Ocean Reef #2463 Report a problem
        3/11/2023Price change$9,500,000-9.5%$2,824/sqft
        Source: CLS at Ocean Reef #2463 Report a problem
        1/12/2023Listed for sale$10,500,000+83.4%$3,121/sqft
        Source: CLS at Ocean Reef #2463 Report a problem
        9/14/2020Sold$5,725,000-10.5%$1,702/sqft
        Source: Public Record Report a problem
        8/24/2020Pending sale$6,400,000$1,902/sqft
        Source: Ocean Reef Club Sotheby's International Realty #1070 Report a problem
        11/23/2019Price change$6,400,000+10.3%$1,902/sqft
        Source: Ocean Reef Club Sotheby's International Realty #1070 Report a problem
        10/1/2019Listed 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
        YearProperty taxesTax 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
        $84,251/mo
        Principal & interest
        $69291
        Property taxes
        $9495
        HOA Fees
        $5465
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          Climate risks

          Neighborhood: 33037

          Getting around

          44 / 100
          Car-Dependent
          60 / 100
          Bikeable

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