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 slips has not waned. There are only a few marinas like the one at Ocean Reef that can accommodate a vessel of this size while also offering the privacy and security of a private club,” said Post.
A yachtsman’s paradise, the exclusive Ocean Reef Club offers a 175-slip marina with 24-hour security and all of the amenities of a world-class yachting facility. Ideally located near the Gulf Stream and North America’s only living coral reef, the Club’s surrounding waters offers superior deep-sea, reef, flats and back-country fishing in addition to great diving, snorkeling, sea kayaking, and windsurfing as well as easy access to the Bahamas and Caribbean islands.
Post specializes in high-end residential real estate at Ocean Reef Club where sales to captains of industry top $20 million for oceanfront compounds in the private community offering amenities like a private air strip, two championship golf courses, medical center, academy, chapel, cultural center and five restaurants. Post has other slips for sale, including one that can accommodate yachts up to 110 feet in length.
Russell Post Sotheby’s International Realty is located at 35 Ocean Reef Drive, Suite 120, Key Largo, Florida. For more information visit the Web site at www.russellpostproperties.com or www.sothebysrealty.com.