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$1,150,000 Just Listed
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Property Description
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 stone's 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 home's 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, Macy's, 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. Don't miss this opportunity - call today to schedule a showing and start living the dream!
Full Property Details
Full Property Details for 142 Reef Dr
General
- Price: $1,150,000
- HOA FEE: $806/month
- HOA FEE FREQ.: Quarterly
- Taxes: $4,271 (2025)
- Status: Active
- Type: Condo
- Source: BrightMLSPhilly
- MLS ID: NJCM2007000
- Updated: Today (3/26/2026)
- Added to Site: Today
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
- Main Floor Baths: 3
- Main - Full Baths: 3
Bedrooms
- Total Bedrooms: 3
- Bedrooms Main & Up: 3
Additional Information
- Shared Amenities: Common Grounds, Community Center, Meeting Room, Pool - Outdoor, Tennis Courts, Water/Lake Privileges
- Shared Pool: Yes
- Pool: Yes
Parking
- Total Spaces: 2
- Parking Type: Driveway, Off Street, Parking Lot
Location
- Area: Ocean City City (20508)
- Municipality: OCEAN CITY CITY
- County: CAPE MAY
- Subdivision: RIVIERA LAGOON
- Driving 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.
School Information
- School District: Ocean City Schools
Community
- Association: Yes
- Assoc. Name: OCEAN REEF CLUB
- Assoc. Fees Include: 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
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Heat Pump - Electric BackUp
- Heating Fuel: Electric
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Contemporary
- Structure Type: Interior Row/Townhouse
- Construction: Stucco
- Foundation: Concrete Perimeter
- Entry Floor Number: 1
- Stories Description: Main
- Square Feet: 1,700
- Sq. Ft. Source: Assessor
- Living Area: 1,700 Sq. Ft.
- Finished Above Grnd: 1,700 Sq. Ft.
- Year Built: 1986
- Year Built Source: Assessor
Lot Features
- Property View: Bay
- Lot Dimensions: 521 sq ft
- Zoning: RESIDENTIAL
Water Features
- Water View: Yes
Financial Considerations
- Price Per Sq. Ft.: $676.47
- Association Fee: $2,417
- Assoc Fee Freq.: Quarterly
- Assessment Year: 2025
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $368,200
- Tax Amount: $4,271
- Tax Year: 2025
- Tax Total Finished Sq. Ft.: 1700
Disclosures and Reports
- Ownership: Condominium
- Exclusions: Artwork
- Inclusions: Furniture is negotiable
- Lot Number: 15
Listed by RE/MAX Affiliates, Juliette Skyler Kousombos
Get Pre-Approved Today
Schools
Schools serving 142 Reef Dr
School District:Ocean City School District
| Name | Grades | Distance |
|---|---|---|
Ocean City Intermediate School 1901 Bay Avenue, Ocean City, NJ 08226 | 4-8 | 0.7 mi |
Ocean City High School 501 Atlantic Avenue, Ocean City, NJ 08226 | 9-12 | 2.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 142 Reef Dr
Date
Details
Price
Change
Source
3/26/2026
Listed
$1,150,000
187.5%
MLS
11/16/2013
Sold
$400,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 142 Reef Dr
Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,131
9%
$368,200
—
2022
$3,789
2%
$368,200
—
2021
$3,700
35%
$368,200
—
2021
$2,747
-22%
$368,200
—
2018
$3,527
2%
$368,200
—
2017
$3,472
4%
$368,200
—
2016
$3,340
1%
$368,200
—
2015
$3,295
-7%
$368,200
—
2019
$3,560
15%
$368,200
—
2013
$3,100
—
$368,200
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 142 Reef Dr
142 Reef Drive, Ocean City, NJ 08226 (MLS# NJCM2007000) is a Condo property with 3 bedrooms and 3 full bathrooms. 142 Reef Drive is currently listed for $1,150,000 and was received on March 26, 2026. Want to learn more about 142 Reef Drive? Do you have questions about finding other Condo real estate for sale in Ocean City? You can browse all Ocean City real estate or contact a Coldwell Banker agent to request more information.

