142 Reef Drive
Ocean City, NJ, 08226 $ 1,150,000
Bedrooms3 Baths3.0 Sq 1,700 Monthly Estimate*
$ 7,081
for $1,150,000 with 3 bedrooms and 3 full baths. This 1,700 square foot condo was built in 1986.
Welcome home to the absolute premier unit in the exclusive and highly desired Ocean Reef Club in Ocean City. Tucked away yet in the heart of town, 142 Reef Dr offers the rare balance of proximity and privacy. Comprising of 3 beds and 3 full baths, this waterfront home on the top floor features an astonishing 80 FEET OF BAY FRONTAGE with unobstructed views of the intracoastal waterway, 2 designated parking spaces, an abundance of guest parking spots, and 2 gracious balconies with stunning bay views and an electric shade awning. While the property is a stones throw away from the heart of Ocean City, including the beach, destinations like Asbury Ave, and the boardwalk, the landscape design and thoughtful exterior layout ensure the feeling of a calm waterfront oasis. This residence consists of 3 full baths completed with high end finishes, including Restoration Hardware vanities and honed marble tile which complement the homes elegant flow. Modern finishes and meticulous updates elevate every room with truly exquisite design, including stainless steel kitchen appliances, black granite countertops and backsplash, and custom soft close cabinetry in the center island kitchen that opens seamlessly to the large living room with soaring vaulted ceilings. The common areas of the home are underscored with hardwood flooring throughout, new carpeting, Pottery Barn window coverings, and fresh paint, along with custom shelving from Peace of Wood in the living area, a brand new ceiling fan/light, and Floss lighting in the dining area. The upper level provides a large loft/gym that serves as the perfect flex space for all of your needs, a laundry room, and a sensational primary bedroom with soaring ceilings, a massive walk in closet, and a luxurious bath. Two additional guest bedrooms, including a bedroom with a balcony, a walk in closets and en-suite bathroom, offer comfort and flexibility for family and guests. The home is also thoughtfully furnished with high end pieces, including furniture from Roche Bobois, Pottery Barn, Macys, and Le Corbusier, all of which are available for purchase separately, offering buyers the opportunity for a truly turnkey Ocean City bayfront residence. The HOA includes two sparkling pools (one heated), a jacuzzi, an outdoor shower, a clubhouse/event space, activities, tennis courts, pickleball courts, boat slips available, kayaking/canoeing, common area maintenance, bike storage, trash removal, snow removal, insurance, landscaping, and on site management, all within walking distance. The attention to detail in the construction is genuinely unrivaled and coupled with the low maintenance waterfront living, this residence lives more like a five star hotel than a traditional home. Available immediately for summer enjoyment. Dont miss this opportunity call today to schedule a showing and start living the dream!
See more
FeaturesGeneralLiving Area 1700
Sewer Public Sewer
Heating Heat Pump - Electric BackUp
Cooling Central A/C
Possession Immediate
Zoning RESIDENTIAL
HOA Fee 2417.00
Association Fee Includes Common Area Maintenance Lawn Care Front Lawn Care Rear Lawn Care Side Lawn Maintenance Management Parking Fee Recreation Facility Reserve Funds Road Maintenance Security Gate Snow Removal
Architectural Style Contemporary
Construction Materials Stucco
School District OCEAN CITY SCHOOLS
Exclusions Artwork
Year Built 1986
View Bay
Levels 2
Tax Year 2025
Ownership Condominium
Cool Fuel Electric
Municipality OCEAN CITY CITY
Accessibility None
Assoc Fee Paid Per Quarterly
County CAPE MAY
New Construction N
Property Type Residential
Association Amenities Common Grounds Community Center Meeting Room Pool - Outdoor Tennis Courts Water/Lake Privileges
HOA Y
Subdivision Name RIVIERA LAGOON
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Full Baths 3
Status ACTIVE
Directions Take a left off of Tennessee Avenue into the development go past the clubhouse and then there is a slow sign the unit is immediately on the right on the same side as the slow sign.
City OCEAN CITY
Disclosures Agent Related to Owner Agent has Financial Interest
Association Name OCEAN REEF CLUB
Senior Community Y/N N
MLS Area Ocean City City (20508)
Tax Annual Amount 4271.0
Structure Type Interior Row/Townhouse
Condo/Coop Association fee Y/N N
Bathrooms Full Main Level 3
Bathrooms Count Main Level 3.00
Price Per Sq Ft Total AG 676.47
Vacation Rental Y/N N
Standard Status Active
Year Built Source Assessor
Tax Lot 00015
Association Recreation Fee N
See more
InteriorHeating Fuel Electric
Hot Water Electric
Basement (Y/N) N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 1700
Central Air Y/N Y
Total Bedrooms 3
Below Grade Finished Area 0
Entry Level 1
Main Level Bedrooms 3
Below Grade Finished Area Unit Type Square Feet
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
Total Baths 3
See more
ExteriorPool Yes - Community
Water Source Public
Inclusions Furniture is negotiable
Type of Parking Driveway Off Street Parking Lot
Foundation Details Concrete Perimeter
Water View Y/N Y
Lot Dimensions 521 sq ft
Waterfront Y/N N
Land Assessed Value 178000.00
Navigable Water Y/N N
Water Oriented Y/N N
See more
* Excluded FeaturesList Byjuliettekousombos@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $7,081
- Monthly Property Taxes
- $356
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCondo listings in Ocean City, NJ
Average List Price $1,251,805
Percent of Sale Price 9%
About Ocean City, NJ 11,772 Population
-23% Since 2002
$ 66,936 Median Income
55.21 Median Age
19% Households with Children
Trends Information provided by ATTOM Data Solutions.
3536185 Elementary School
3534589 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 3/26/2026 | $1,150,000 | | Listed Price |