The Real Deal Miami

Key Largo’s Ocean Reef Club closes $83M in real estate transactions

March 18, 2013 03:00PM

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Ocean Reef Club

Ocean Reef Club, a 2,500-acre private community in Key Largo, closed more than $80 million in real estate transactions in just under three months, the firm announced today.

From December 1 to February 20, 2013, Ocean Reef closed $83.4  million worth of condominiums, single-family homes, lots and boat docks — a record for the company — a statement from the developer today said.

“We are experiencing tremendous growth and activity across all categories and price points,” Paul Astbury, president of Ocean Reef Club, said in the statement. “Ocean Reef offers the best value proposition of South Florida private clubs by far, with unparalleled access to medical, cultural, educational, creative and athletic facilities.”

The 1,700-unit waterfront development features an oceanfront inn,  spa, salon, a 175-slip marina, two 18-hole golf courses, tennis courts and “nature centers.” The club is also equipped with a fully staffed medical center, gourmet grocery store, veterinary care, a pre-K through 8th grade school and a 4,456-foot lighted runway.

The development is located one hour outside Miami International Airport at 35 Ocean Reef Drive. —Christopher Cameron

  • Eric Briggs

    Wow now those are very STRONG sales numbers on
    Ocean Reef Real Estate . I wonder what the commission checks look like ??

    • Mia

      It’s club owned, Russell Post Property’s and a few other real estate company’s make that look like nothing. This is year one for the club owned operated real estate office. You put a few 10m to 17m homes and the numbers are not that big. I would think more members would want to deal with a independent real estate company.

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