key largo

Florida Marina Slip Sells For $4 Million

Part of the expense of a yacht isn't just the initial output it's also the upkeep and the all important slip. But finding the right slip can get pretty expensive especially for megayachts. Recently a megayacht slip sold for a record $4 million at Key Largo's Ocean Reef Club. The $4 million slip on the T-Dock can accommodate yachts up to 165 feet in length. The new sale price is double the previous record sale at Ocean Reef for $2 million. Considering how in the tank Florida real estate has been recently that's a pretty amazing figure.

Ocean Reef Club's 175-slip marina has 24-hour security and is located near the Gulf Stream and North America's only living coral reef. The posh club has a variety of condos and home for sale for prices that sail up to over $20 million. The private community offers amenities like a private air strip, two championship golf courses, medical center, academy, chapel, cultural center and five restaurants. More slips as well as homes are listed through Russell Post Properties.

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Tags: florida, key largo, KeyLargo, marina, ocean reef club, OceanReefClub

Steve Florio's Key Largo Home, Estate of the Day

by Deidre Woollard (RSS feed) —

You may not have ever heard of Steve Florio but if you've ever picked up a Conde Nast title then you may have seen his influence. Florio was the former CEO of Condé Nast Publications which includes Vogue, Architectural Digest and the New Yorker among many others, until he stepped down in 2004. He died in December 2007 at the age of 58. The Wall Street Journal's Private Properties column reports that his widow, Mariann has put their vacation home on the market. The home, in Key Largo, Florida, is a six-bedroom Mediterranean-style house located in Ocean Reef, a private club and community. The home includes an expansive screened-in pool and spa area as well as a long dock with room for a 70-foot yacht. The Florios bought in 2001 for $4.8 million and it is now listed at $8.9 million.

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Gallery: Steve Florio's Key Largo Home

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Tags: conde nast, estate of the day, EstateOfTheDay, florida, key largo, KeyLargo, steven florio, StevenFlorio

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Most Expensive Zip Codes, 33037, Estate of the Day

by Deidre Woollard (RSS feed) —

Filed under: Estates

For the next couple of weeks we will be checking out some homes in the most expensive zip codes in the United States, up today, 33037. This zip code lands us in Key Largo, Florida, an island paradise in the upper Florida Keys archipelago . This getaway famous for tourism diving and sport-fishing has been celebrated both in a Humphrey Bogart movie and a 1980s pop song by Bertie Higgins. This tropical vacation spot has a median price of $2,740,000 with an appreciation rate of 385% since 1990.

Today's estate isn't the most expensive one for sale in the area but it exemplifies the more luxurious side of Key Largo real estate. The property has both a five-bedroom main house and a guest house. The two-acre retreat on the water has tropical landscaping, a dock and a pool and spa. There is a large gourmet kitchen a double-height great room and plenty of windows and veranda space. One particularly nice detail is the loft which has a spiral staircase leading to a roof sun deck. This home is listed at $5,395,000.

Gallery: Most Expensive Zip Codes, 33037, Key Largo, FL