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111 Reef Ln, Key Biscayne FL 33149

House For Sale
$11,500,000

BTC: 179.68750000

ETH: 6,586.48339061

142 days
7 bds
5 ba
5,008 sqft

Overview

Introducing a rare opportunity to own Villa 11, the largest and most coveted of only 12 exclusive villas at Oceana Key Biscayne. Situated on the largest lot in the community at 13,500 SF, this exceptional 7-bed, 5.5-bath residence offers unmatched privacy and space, with access to world-class amenities, including 500 FT of private beach, resort-style pools, on-site restaurant, fitness center, tennis court, and 24/7 security. Designed with a refined modern aesthetic, the villa is filled with natural light and features seamless indoor/outdoor living through expansive glass walls and lush landscaped surroundings, complemented by a private heated pool. Additional highlights include a gourmet chef’s kitchen, an expansive primary suite with dual walk-in closets and a private terrace, a library, maid’s quarters, and 4 parking spaces. Villa 11 offers unparalleled privacy while enjoying full access to Oceana’s world-class amenities.

Location

Details

Type:
Residential
Parking:
Attached Carport / Covered / Driveway
Year Built:
2014
Lot:
13500 Square Feet
Heating:
Central
Price/sqft:
$2,296
Cooling:
Central Air
HOA:
$9,740

Valuation

Our model vs. what's actually selling nearby.
Estimate
$2,750,000
$1.3M – $7.5M
Confidence Low
List vs. estimate
$8.8M above estimate
List $11,500,000 · +318.2%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$2,296
+19.2% vs. city median $1,925
Based on
6 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $1.1M
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$69,529
2025
HOA
$9,740/mo
Pool
In Ground
View
Pool
Pets
Restrictions Or Possible Restrictions
All facts and features
  • Flooring

    • Marble

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Dryer

    • Electric Range

    • Refrigerator

    • Wall Oven

    • Washer

    Other interior features

    • First Floor Entry

    • Built-in Features

    • Cooking Island

    • Entrance Foyer

    • Volume Ceilings

    • Walk-In Closet(s)

    • Den/Library/Office

    • Family Room

    • Maid/In-Law Quarters

    • Utility Room/Laundry

    Bedrooms and bathrooms

    • Bedrooms: 7

    • Bathrooms: 1

    • Full bathrooms: 5

  • Parking

    • Attached Carport

    • Covered

    • Driveway

    Lot

    • Lot: 13500 Square Feet

    Other Property Information

    • Parcel Number: 24-42-32-029-1530

    • Zoning: 5000

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Other financial information

    • HOA: $9,740

    • HOA Frequency: Monthly

    • Annual tax amount: $69,529

  • Source details

    • MLS ID: A11928646

    Other facts

    • Construction Materials: CBS Construction

    • Laundry Features: Utility Room/Laundry

    • Lot Features: 1/4 To Less Than 1/2 Acre Lot

    • Patio And Porch Features: Awning(s) / Patio

    • Pool Features: In Ground

    • Direction Faces: East

    • Architectural Style: Detached / Two Story

    • Living Area: 5008

    • Water Source: Municipal Water

    • Subdivision Name: OCEANA KEY BISCAYNE CONDO

Private inquiry
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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Compass Florida, LLC