Yacht Slip at Ocean Reef Sells for Record $4 Million

May 8, 2009 Filed Under: Real Estate
Yacht Slip at Ocean Reef Sells for Record $4 Million

A megayacht slip has sold for a record $4 million at Key Largo’s prestigious Ocean Reef Club, announced Russell Post, President of Russell Post Sotheby’s International Realty who represented both parties during the transaction. The $4 million slip, located on the T-Dock, can accommodate yachts up to 165 feet in length. The previous record sale at Ocean Reef for a similar size dock was $2 million. “In spite of the economy, the demand for megayacht...