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Off market
  • $1,008,200

    116 Reef Dr, Ocean City, NJ 08226

    3beds
    2baths
    1,388sqft
    Condo
    Built in 1985
    -- sqft lot
    $1,008,200 Zestimate®
    $726/sqft
    $3,279 Estimated rent

    Home value

    $1,008,200

    $928,000 - $1.10M

    $3,279/mo

    Zestimate® history
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    $6,424/mo

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    What's special

    3 Bedroom 2 Bath first fl condo that sits on open bay with incredible views of intracoastal waterway and sunsets. Boat slip is included in price. Condo fees pd Quarterly $1340 for condo and $125 for boat slip Boat slip is Beach Thorofare 15-C3.05 assessed for $25,400. Unit is being sold furnished. Ocean Reef offers tennis courts, and 2 swimming pools. You can't find a better view. Currently not rented for 2016 summer season and is available for immediate occupancy. Complex is well maintained and very desirable living. New central air in 2012 and conversion to gas heat in 2006 when new furnace and hot water heater were put in. Assigned parking spots #231 and 232 Boat slip #789. Dock closest to the unit at the end. Slip is farthest out in the bay on left as you walk out the dock.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    Interior area
    • Total interior livable area: 1,388 sqft

    Property

    Details
    • Parcel number: 08033500000000150000C102

    Construction

    Type & style
    • Home type: Condo
    Condition
    • Year built: 1985

    Community & HOA

    Location
    • Region: Ocean City

    Financial & listing details

    • Price per square foot: $726/sqft
    • Tax assessed value: $410,300
    • Annual tax amount: $4,604

    Price history

    DateEventPrice
    4/1/2016Sold$50,000+53.8%$36/sqft
    Source: Agent Provided Report a problem
    10/29/2004Sold$32,500-92.3%$23/sqft
    Source: Public Record Report a problem
    4/25/2001Sold$420,000$303/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,604 $410,300
    2024$4,604 +4.8%$410,300
    2023$4,394 +6.6%$410,300
    2022$4,124 +2.8%$410,300
    2021$4,013 +1.1%$410,300
    2020$3,968 +1%$410,300
    2019$3,929 $410,300
    2018$3,929 +5.6%$410,300
    2017$3,721 +1.3%$410,300
    2016$3,672 +1.5%$410,300
    2015$3,619 +4.8%$410,300
    2014$3,455 -23.4%$410,300 -31.6%
    2012$4,509 +2.6%$599,600
    2011$4,395 +3.8%$599,600
    2010$4,233 +4.4%$599,600
    2009$4,053 +10.5%$599,600
    2008$3,667 +3.1%$599,600 +63.5%
    2007$3,557 $366,700
    2006-- $366,700
    2005-- $366,700
    2004$3,557 $366,700
    2003-- $366,700 +98.2%
    2002-- $185,000
    2001-- $185,000
    Find assessor info on the county website

    Neighborhood: 08226

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,008,200
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    Estimated market value
    $1,008,200