Ocean Reef Towers Inc Homes for Sale

Ocean Reef Towers Inc is a residential community in Boca Raton, Florida. Active listings are currently priced from $1.2M–$1.4M.

Pure Equity Realty covers Ocean Reef Towers Inc and the Boca Raton area. We list for 1%, which includes photography, MLS syndication, and negotiation support. Buyers pay nothing for representation. For current market data, see Florida Realtors' market statistics.

Our MLS feed shows 2 Ocean Reef Towers Inc Boca Raton homes for sale as of October 2026. The median asking price is $1.28M. Asking prices run from $1.2M to $1.36M.

That is 127% above the Boca Raton median of $565,000. On a per-foot basis, homes here ask about $709 per square foot, compared with $354 across Boca Raton. So the median price buys roughly 1,800 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 84 days on the market. That is faster than the Boca Raton average of 111 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in Ocean Reef Towers Inc date from 1970, so they are about 56 years old.

All of these homes predate Florida's 2002 statewide building code. So roof age, window protection and the wind mitigation report matter a great deal for insurance.

In addition, most Florida insurers ask for a four-point inspection on homes 30 years or older. It covers the roof, electrical, plumbing and HVAC. Updated systems usually make coverage easier to place.

Condo buyers should also know Florida's 2022 condo safety law. It requires milestone structural inspections for buildings three stories or taller as they age. It also requires a structural integrity reserve study. Before you sign, request both reports and the current reserve balance.

Ocean Reef Towers Inc is a condo building. Also request the association budget, recent minutes and any special assessments before you sign.

Rentals in Ocean Reef Towers Inc have a median asking rent of $11,500 per month, across 1 active rental listing. For comparison, the Boca Raton median is $3,200, so rents here run 259% higher.

You can browse current Boca Raton rentals or ask us for a rent estimate on a specific Ocean Reef Towers Inc home.

Here is what the median Ocean Reef Towers Inc price means in Florida closing terms. At $1.28M, a 20% down payment comes to about $256,000, leaving a loan near $1.03M.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $3,590. Next, the intangible tax of 0.2% adds about $2,051. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the Ocean Reef Towers Inc median, that is about $8,974.

Finally, owner-occupants should file for the Florida homestead exemption by March 1. It removes up to $50,000 of assessed value. After that, Save Our Homes caps yearly assessment increases at 3% or inflation, whichever is lower. To see what these numbers mean for your budget, get pre-approved before you tour.

Recent Ocean Reef Towers Inc listings show assignments to J. C. Mitchell (elementary), Boca Raton Community (middle) and Boca Raton (high). However, boundaries can change each year, so confirm the assignment for a specific address with the School District of Palm Beach County.