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119 Tarpon Ct #119, Ocean City, NJ, 08226

3beds
2baths
1,388sqft
$999,000
$720price/sqft
$6,222/moest. monthly cost
$248,880/yrincome needed

About This Home

Top-Floor Corner Unit with Endless Bay Views! Experience spectacular panoramic bay views from this beautifully updated, top-floor corner unit in Ocean Reef. This 3-bedroom, 2-bath condominium is a true nature lover's retreat, offering a front-row seat to ibises, egrets, herons, and other coastal wildlife. Keep your binoculars nearby and enjoy breathtaking sunsets from the comfort of your living room or while relaxing on the deck. The bright, open floor plan is designed to showcase the stunning views and features an updated kitchen with a built-in buffet that extends into the dining area, creating additional storage and serving space. Renovated bathrooms, abundant natural light, and a spacious living and dining area make this home ideal for both everyday living and entertaining. The generous primary suite offers a walk-in closet, updated en-suite bath, separate linen closet and its own private deck—an inviting place to enjoy the afternoon shade with a good book. Additional highlights include two assigned parking spaces, attic & exterior storage space and a premier location within one of Ocean City's most sought-after waterfront communities. Ocean Reef offers beautifully maintained grounds and exceptional resort-style amenities, including two swimming pools, tennis and pickleball courts, a clubhouse, lush landscaping, and professional on-site property management. Whether you're searching for a year-round residence or the perfect shore getaway, this exceptional home combines comfort, privacy, and unforgettable waterfront views. From spectacular bird watching to vibrant sunsets over the bay, every day feels like a vacation. This property is being offered fully furnished, allowing you to step right in and immediately begin enjoying the coastal lifestyle.

Getting Around

3
WalkingCar-Dependent
0
TransitVery Limited Transit
39
BikeSomewhat Bikeable

Schools

6/10
8/10
Ocean City High SchoolGrades 9-122.3 mi
7/10
Ocean City Primary SchoolGrades PK-32.2 mi

Construction

Condition

  • Year built: 1986

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Range,Oven,Microwave,Refrigerator,Washer,Dryer,Dishwasher,Disposal,Electric Water Heater

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Cathedral Ceiling(s),Pantry,Storage
  • Window features: Shades
  • Flooring: Tile
  • Fireplace: Yes
  • Common walls with other units/homes: No One Above,End Unit

Heating & Cooling

  • Heating features: Natural Gas,Forced Air,Fireplace(s)
  • Cooling features: Central Air,Ceiling Fan(s)

Interior Area

  • Total interior livable area: 1,388 sqft

Property

Details

  • Parcel number: 15
  • Attached to another structure: Yes

Features

  • Levels: One
  • Entry location: Top Floor
  • Pool features: Community
  • Spa features: Community
  • Has view: Yes
  • View description: Water
  • Has water view: Yes
  • Water view: Water View,Water

Lot

  • Features: Corner Lot

Parking

  • Total spaces: 2
  • Parking features: 2 Car,Assigned

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Coastal Flooding
    Coastal FloodingVery High
  • Strong Wind
    Strong WindVery High
  • Hurricane
    HurricaneRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Strong Wind
Hurricane
Inland Flooding
Winter Weather
Heat Wave
Lightning
Tsunami

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $5,051$60,612
Home Insurance *$204$2,448
Property Taxes $774$9,288
Electricity $193$2,318
Total$6,222$74,664
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$213,325/yr
40% on housing$186,660/yr
45% on housing$165,920/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.0%
8.0%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: -1.6%
-1.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$720This listing

vs Other Active Listings

Avg $/sqft

ZIP 08226$1,067
Cape May County$616

vs Homes Sold Last Month

Median $/sqft

ZIP 08226$905
Cape May County$460

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-01Listed for sale$999,000
2023-10-30Listing removed--
2021-10-29Sold$769,500
2021-10-05Pending sale$769,500
2021-06-13Listed for sale$769,500

For Sale by Agent

AgentAmy Lombardo
BrokerageCOMPASS RE - Sic

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