PRICED TO SELL!!!A rare opportunity at The Cay. This desirable corner unit is competitively priced for today's market.This bright and spacious 2 bedroom, 2.5 bath townhouse style condo offers water views from the primary bedroom and living room, along with a relaxing view of the pool from both the balcony and living area. As a corner unit, it provides extra privacy, more natural light, and only one shared wall.The Cay is a well kept oceanfront community featuring a heated pool, beachfront tiki hut, oceanfront clubhouse, and private sandy beach. The unit is fully furnished and turnkey, ready to move in or start generating rental income right away. Rentals are permitted with a 14 day minimum, making this a smart investment or ideal second home.Located in the heart of Key Colony Beach, you're just a short walk or bike ride to local restaurants, the golf course, tennis and pickleball courts, and Sunset Park. Perfect for catching the island's famous evening skies.This is Keys living made simple: Comfort, Location and Value all in one.
Sold for $400,000
$400,000
601 W Ocean Dr APT 209D, Key Colony Beach, FL 33051
2beds
1,344sqft
Condominium, Residential - Condo/Townhouse
Built in 1975
-- sqft lot
$497,500 Zestimate®
$298/sqft
$5,663 Estimated rent
Home value
$497,500
$433,000 - $567,000
$5,663/mo
Zestimate® history
Owner options
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$5,663/mo
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$5,663/mo
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$7,804/mo
Est. payment
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$7,804/mo
Est. payment
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List your homeWhat's special
Beachfront tiki hutHeated poolPrivate sandy beachOceanfront clubhouseWater views
Zillow last checked:
Listing updated:
Listed by:
Jesus Parra 786-282-9281,
Coldwell Banker Schmitt Real Estate Co.
Bought with:
Jesus Parra, 3589805
Coldwell Banker Schmitt Real Estate Co.
Source: FLKMLS,MLS#: 615588
Originating MLS: Marathon/Lower Keys
Originating MLS: Marathon/Lower KeysFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Cooling
- Central Air, Ceiling Fans(s)
Appliances
- Included: Washer, Freezer, Microwave, Refrigerator, Dishwasher, Dryer
Features
- Split Bedroom, Storage, Entrance Foyer
- Flooring: Tile, Carpet
- Doors: Sliding Glass Doors
- Windows: Aluminum Frames, Accordion
- Furnished: Yes
Interior area
- Total interior livable area: 1,344 sqft
Property
Parking
- Parking features: Assigned, Guest
Accessibility
- Accessibility features: No
Features
- Levels: Two
- Stories: 2
- Patio & porch: Open Porch/Balcony
- Exterior features: Sandy Beach
- Has private pool: Yes
- Pool features: Heated, In Ground, Concrete
- Fencing: Fenced
- Has view: Yes
- View description: Ocean
- Has water view: Yes
- Water view: Ocean
- Waterfront features: Oceanfront, Waterfront, Sandy Beach, Dockage: None
Lot
- Features: 2 Less Than 5 Acres
Details
- Additional structures: Chickee Hut
- Parcel number: 00078330002100
- Zoning: R-3
- Zoning description: Multi Unit Res
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium, Residential - Condo/Townhouse
Materials
- CBS
- Roof: Other
Condition
- Year built: 1975
Utilities & green energy
- Electric: Elect Separate Meter
- Sewer: Municipal Sewer, Public Sewer
- Utilities for property: FKAA, Buyer to Verify, Cable Connected
Community & neighborhood
Security
- Security features: Patrolled Area
Community
- Community features: Tennis Court(s), Bike Paths, Beach
Location
- Region: Key Colony Beach
- Subdivision: Cay Condo (53.5)
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $5,360 quarterly
- Services included: Cable TV, Maintenance Grounds, Building Insurance, Maintenance Structure, Water, Sewer
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 9/30/2025 | Sold | $400,000-11.1%$298/sqft |
Source:  FLKMLS #615588 Report a problem | ||
| 9/29/2025 | Pending sale | $450,000$335/sqft |
Source: FLKMLS #615588 Report a problem | ||
| 8/29/2025 | Listed for sale | $450,000$335/sqft |
Source:  Key West AOR #615588 Report a problem | ||
| 8/23/2025 | Contingent | $450,000$335/sqft |
Source: FLKMLS #615588 Report a problem | ||
| 8/18/2025 | Price change | $450,000-7.2%$335/sqft |
Source: Key West AOR #615588 Report a problem | ||
| 6/26/2025 | Listed for sale | $485,000-3%$361/sqft |
Source: FLKMLS #615588 Report a problem | ||
| 10/3/2023 | Sold | $500,000+122.2%$372/sqft |
Source: Public Record Report a problem | ||
| 11/21/2000 | Sold | $225,000+21.6%$167/sqft |
Source: Public Record Report a problem | ||
| 5/5/1998 | Sold | $185,000$138/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,785 -13.8% | $448,565 -13.6% |
| 2024 | $5,548 +97.6% | $518,883 +85.3% |
| 2023 | $2,808 +3.9% | $280,033 +3% |
| 2022 | $2,702 +0.2% | $271,877 +3% |
| 2021 | $2,698 +4.4% | $263,959 +1.4% |
| 2020 | $2,585 | $260,315 +2.3% |
| 2019 | $2,585 +2.3% | $254,463 +1.9% |
| 2018 | $2,526 +5.4% | $249,719 +2.1% |
| 2017 | $2,397 +4.3% | $244,583 +2.1% |
| 2016 | $2,297 -1.4% | $239,553 +0.7% |
| 2015 | $2,331 | $237,888 |
Find assessor info on the county website
Neighborhood: 33051
Nearby schools
GreatSchools rating
- 5/10Stanley Switlik Elementary SchoolGrades: PK-5Distance: 4.8 mi
- 5/10Marathon SchoolGrades: 6-12Distance: 3.9 mi
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Estimated market value
$497,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$497,500
- Florida
- Monroe County
- Key Colony Beach
- 33051
- 601 W Ocean Dr Apartment 209D
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