Mariner's Club Key Largo, Florida

A PDF below was updated February1st, 2012 and lists properties for sale in Mariner's Club. 

Mariner's Club Key Largo is an upscale Florida Keys Condominium and Townhome community located at the head of the Keys directly on the Atlantic Ocean.  A gated community with an exceptional deep water marina, there are 118 residences on 22 prime acres of land.  Mariner's Club is considered by many the premier ocean front luxury marina community in the Florida Keys.

Mariner's Club Key Largo Amenities

Mariner's Club beach entry Oasis swimming pool is the largest fresh water pool in the Florida Keys with 7,800 square feet of surface area.  A second pool and Grotto Hot Tub and Waterfall, next to the Club House, overlook the Atlantic and offer a second swimming venue.  Other amenities include a 43 slip protected deep water marina, 32 slip dry rack boat storage facility, tennis courts, fitness center, Club House, and a 2,000 square foot catering hall with commercial grade kitchen.  Adjacent to Mariner's Club is the historic Mandalay Restaruant and Bar, scheduled for a grand re-opening in early 2012. 

Buying a Property in Mariner's Club

All Buyers must apply for membership in Mariner's Club Key Largo, Inc.  The membership fee has been $45,000 since June of 2008.  This one time fee is returned to the member in whole when the property is sold and the new owner purchases a membership at the rate established by the Club at that time.  All 118 owners must also be a member of the Mariner's Club Homeowners Association, Inc.

Of the 118 residences, 67 units were built as townhouses.  The townhouses are two or three story residences and interior finishes vary based on choices made by the original or subsequent owners.  Buyers of a townhouse own the land it is located on as defined by the property lines.  There are a number of configurations available and many include a single car garage or an additional ground level apartment.

Three buildings with a total of 51 additional units are condominiums.  If you buy a unit in the Dolphin, Sailfish or Marlin Condominium buildings, you must also be a member of that association.  The condominiums, also referred to as Villas, are single level residences with upscale marble and granite finishes with stainless appliances.  There are two sizes, located on one of three floors.  All three condominiums are serviced with a common elevator and have ocean views.

Buyers will also be required at closing to make a capital contribution to the Homewners Association, and if applicable, to the Condominum Association in the amount of six (6) months  of assessments.

Boat Slips in Mariner's Club Marina and Rack Storage

Mariner's Club has one of the finest Florida Keys marinas with wet slips up to 60 feet long.  The Marina is owned by "The Club" and owners can rent slips by the month both in the Marina and dry rack.  Daily rentals for owners are also available.  Potential Buyers should contact the Club manager for current rates.

 Mariner's Club Fees

There are fees associated with Mariner's Club Key Largo, Inc. (The Club), Mariner's Club Homeowner's Association (The HOA), and if applicable, one of the three condominum assoiciations (Dolphin, Sailfish or Marlin).  HOA and Condo Association fees are billed quarterly, while The Club fees are billed monthly.  These fees are detailed on a monthly basis in PDF attachements at the bottom of this page.

Condominiums and Townhomes for Sale in Mariner's Club

Sales in Mariner's Club have been very brisk over the last three years and the community is undergoing a change in the type of owner.  A large percentage of the original owners, especially the condominium owners who bought at the peak of the real estate market in 2005 and 2006, were invesment driven.  Some units were sold three times before they were built.  Those who have purchased since have tended to be more "end user" oriented and less investment driven.

The top PDF attachment at the bottom of this page lists by building all the residences in Mariner's Club that are for sale through the local real estate Multiple Listings Service (MLS).  It also contains a history of all units that were sold since 2008, identifies distressed sales and includes cost per square foot calculations.

In 2011 there were 13 closings in Mariner's Club, and as of January 1st of 2012.  There have been 2 additional closings in January, 2012.  There are 8 units on the market as of February 1, 2012.  Those who do the math understand these listings represent the best real estate values in the Keys, even after adding the Club membership fee and capital contributions to the cost of the real estate.

Contact Us for additional information on any of these Florida Keys Condos or Townhouses. 

File Type	Attachment	Size
	Mariner's Club Properties for Sale as of February 1, 2012	907.35 KB
	2012 Mariner's Club Townhouse Fees (200, 400, 600, 700, 800 & 900 Buildings)	1.06 MB
	2012 Mariner's Club Dolphin Condominium Fees (100 Building)	1.18 MB
	2012 Mariner's Club Sailfish Condominium Fees (300 Building)	1.18 MB
	2012 Mariner's Club Marlin Condominium Fees (500 Building)	1.19 MB
	Mariner's Club Site Plan	268.79 KB
	Mariner's Club 3 Bedroom Condo Floor Plan	615.05 KB
	Mariner's Club 2 Bedroom Condo Floor Plan	573.6 KB
	Boat Slips Marina Plan	97.45 KB