OCNJ Local Home of the Week: Price Improvement on a Move-In-Ready Ocean Reef Townhome
5 Spinnaker Court, Unit 59 · Ocean Reef · Ocean City, NJ
Good news for anyone who’s had their eye on this one: the fully renovated and furnished two-bedroom, two-bath townhome at 5 Spinnaker Court in Ocean Reef has a new price of $719,000. It’s one of the most polished homes in one of Ocean City’s most popular bayside communities, ready for its next owner to unpack a beach bag and settle in.
Top-to-Bottom Updates
This isn’t a townhome with a to-do list waiting for you—the work is already done. New Andersen doors and windows bring in natural light while helping keep the home efficient year-round. Fresh LVT flooring runs throughout, and the updated kitchen features new appliances, cabinetry, and countertops. The baths have also been redone with updated cabinetry and counters, and new custom window treatments complete the space.
The main level centers on an inviting living room with a fireplace, a nice touch for cool shoulder-season evenings at the shore. The updated kitchen sits on this level too, along with a newly added full bathroom downstairs, which is a real convenience for guests and beach days alike.
Upstairs, you’ll find both bedrooms plus a laundry area with built-ins, a new washer and dryer, and a tankless water heater for endless hot showers after the beach.
Outside and Behind the Scenes
The exterior has had just as much attention. The home has new roofs, new decks, and a freshly painted exterior. Two private decks give you room to enjoy morning coffee or an evening by the bay breeze. Gas heat and central air keep things comfortable in every season, and two assigned parking spaces plus extra storage handle the practical stuff: cars, bikes, beach chairs, and boards.
Best of all, the home is being sold fully furnished, so a new owner can start enjoying Ocean City right away.
Come See It in Person
At its new price, this Ocean Reef townhome is a turnkey opportunity—whether you’re seeking a summer getaway, a year-round home, or a place for the whole family to gather by the shore. To schedule a showing, contact:
Pete Madden, Broker/Owner Goldcoast Sotheby’s International Realty 200 34th Street, Ocean City, NJ 08226 Mobile: (609) 513-4781 Office: (609) 399-2500 Email: pete@petemadden.com
Quick Facts
| Address | 5 Spinnaker Court, Unit 59, Ocean City, NJ 08226 |
| Community | Ocean Reef |
| Price | $719,000 (improved from $799,900) |
| Bedrooms / Bathrooms | 2 / 2 full |
| Style | Townhome |
| Heating / Cooling | Gas heat, central air, ceiling fans |
| Parking | Two assigned spaces |
| Outdoor Space | Two private decks |
| Furnishings | Sold fully furnished |
Why Ocean Reef?
Ocean Reef is a tucked-away bayside community just off Tennessee Avenue, centered around its own marina. It combines a resort-like feel with a quiet residential setting, while the beach, Boardwalk and downtown shops along Asbury Avenue are only a few minutes away. Residents have access to two pools, a clubhouse, tennis and pickleball courts, landscaped grounds and on-site property management—leaving owners with less upkeep and more time to enjoy Ocean City.
Ocean Reef Q&A
What is Ocean Reef? Ocean Reef is a condominium and townhome community on the bay side of Ocean City. It covers roughly 22 acres and has nearly 200 homes, built in the mid-1980s. It’s one of the largest and most varied condo communities on the island’s bay side.
Where exactly is it? The community sits off Tennessee Avenue in the 18th-to-34th-Streets area, near the border of the Riviera section, and close to the Ocean City Golf Course and municipal airport. You get bay views and a quieter setting while staying close to everything in town.
How far is the beach? The beach is generally less than a mile away, about a five-minute drive or a pleasant bike ride. The Boardwalk and downtown Asbury Avenue are a drive too.
What amenities does Ocean Reef offer? Residents have two pools (heated), a Jacuzzi, a clubhouse, a tennis court, refinished pickleball courts, landscaped grounds and on-site property management.
Can I keep a boat there? Yes, Ocean Reef has its own marina with private boat slips for residents. Slips are typically sold or transferred separately from the homes, so ask your agent about availability. A municipal boat ramp nearby makes it easy to reach Great Egg Harbor Bay and the ocean.
What types of homes are in Ocean Reef? The community has a wide range, from one-bedroom flats of about 920 square feet to two-bedroom townhomes and larger three-bedroom, multi-level homes. Some sit directly on the water, while others, like this one, are set within the community’s interior courts. Fun fact: most of the street names are game fish (Marlin, Wahoo, Bass) or sailing terms (Spinnaker, Genoa).
What about parking? Homes generally come with assigned parking. This home has two assigned spaces.
Are pets allowed? Pet rules are set by the condo association and come with restrictions. Buyers with pets should confirm the current rules with the listing agent before making an offer.
Is Ocean Reef good for year-round living or just summer? Both. Many owners use their homes as summer getaways, while others live there year-round and enjoy the quieter off-season. Features like gas heat, central air and a fireplace make homes like this one comfortable in every season.
Why do buyers like Ocean Reef? Buyers like the low-maintenance lifestyle, the resort-style amenities, the boating access and the location, which is close to the beach without the summer crowds of the Boardwalk blocks. For many, it’s an easier, more relaxed way to own at the shore.
