121 Marina at Ocean Reef is among the community's most sought-after waterfront condominium residences, offering 750 feet of marina frontage. This expansive 4-bedroom, 4 full and 1 half bath home spans 3,650 air-conditioned square feet of refined coastal living. Designed with an open floor plan and soaring 9-foot ceilings, the residence features generous living spaces and a seamless indoor-outdoor flow. The outdoor terrace, over 650 square feet, is ideal for entertaining, complete with a gas BBQ, roll-down sunshades, and beautiful waterfront views. The chef's kitchen is thoughtfully appointed with MiaCucina Italian cabinetry, elegant stone countertops, and premium Sub-Zero and Wolf appliances. A built-in espresso and cappuccino station, along with a Sub-Zero wine cooler, enhances the home's inviting bar and entertaining area. The primary suite offers a private retreat with oversized walk-in closets, custom built-in cabinetry, and a spa-inspired bath featuring dual vanities, a deep-soaking tub, a separate water closet, and luxurious finishes throughout. Each guest bedroom includes its own en-suite bath, ensuring comfort and privacy. Additional features include Smart Home technology, high-speed internet pre-wiring, a full laundry room with ample storage, two dedicated car spaces, and two golf cart spaces. A large private storage area is also located in the garage. Residents of 121 Marina enjoy exceptional amenities, including on-site property management, a Junior Olympic swimming pool with a lap lane, fitness center, steam room, sauna, and Beacon House, where you can host private parties. Secure, private, and impeccably maintained, 121 Marina offers effortless waterfront living in the heart of Ocean Reef.
For sale
$14,650,000
121 Beach Rd Unit 306, Key Largo, FL 33037
4beds
3,650sqft
Est.:
Condominium
Built in 2018
-- sqft lot
$13,681,300 Zestimate®
$4,014/sqft
$5,465/mo HOA
What's special
Luxurious finishes throughoutCustom built-in cabinetryOpen floor planGas bbqSmart home technologyMiacucina italian cabinetrySpa-inspired bath
- 19 days |
- 558 |
- 9 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: March 19, 2026 at 05:39am
Listed by:
Mary Lee,
Ocean Reef Club Sotheby's International Realty
Source: CLS at Ocean Reef,MLS#: 4996
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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
- Private Elevator, Central Vacuum
- Windows: Impact Glass
Interior area
- Total structure area: 3,650
- Total interior livable area: 3,650 sqft
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Property
Accessibility
- Accessibility features: Wheel Chair Accessible
Features
- Stories: 1
- Exterior features: Dock, Outdoor Kitchen
Details
- Parcel number: 00569471006306
- 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: $4,014/sqft
- Tax assessed value: $9,940,769
- Annual tax amount: $64,566
- Date on market: 3/18/2026
Estimated market value
$13,681,300
$13.00M - $14.37M
$7,476/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/18/2026 | Listed for sale | $14,650,000+157%$4,014/sqft |
Source: | ||
| 5/31/2019 | Sold | $5,700,000$1,562/sqft |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $67,256 +40% | $9,940,769 +50.2% |
| 2024 | $48,053 +14.2% | $6,617,283 +10% |
| 2023 | $42,090 +6.9% | $6,015,712 +10% |
| 2022 | $39,390 +10.1% | $5,468,829 +10% |
| 2021 | $35,780 +6.7% | $4,971,663 +7.6% |
| 2020 | $33,546 | $4,622,324 -2.1% |
| 2019 | $33,546 -2.2% | $4,721,471 +696.2% |
| 2018 | $34,313 | $593,000 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$88,532/mo
Principal & interest
$73056
Property taxes
$10011
HOA Fees
$5465
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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
Local experts in 33037
- Florida
- Monroe County
- Key Largo
- 33037
- 121 Beach Rd Unit 306





