Your Florida Keys Escape Awaits at The Cay in Key Colony Beach!
Discover the charm of coastal living in The Cay, a sought-after oceanfront condominium community in the heart of Key Colony Beach. This spacious 2-bedroom, 2.5-bath townhome-style residence offers an incredible opportunity to embrace the Florida Keys lifestyle, surrounded by lush tropical landscaping, resort-style amenities, and a beautiful private beach just steps away.
The inviting two-story floor plan features comfortable living and dining spaces, a convenient main-level half bath, and two generously sized upstairs bedrooms with two full bathrooms. Two private balconies overlook the tropical courtyard and sparkling swimming pool, providing peaceful settings to enjoy your morning coffee, unwind with a good book, or simply soak in the island breezes. Offering the opportunity to add your own personal touches, this residence is the perfect canvas to create your ideal coastal retreat.
Step outside and experience what makes The Cay so special! Enjoy a private white-sand beach, heated swimming pool, oceanfront clubhouse, and beautifully maintained tropical grounds. Whether you're relaxing poolside, enjoying the ocean breeze along the shoreline, or gathering with friends, every day feels like a vacation.
Beyond the community, discover the best of Key Colony Beach, with waterfront restaurants, a par-3 golf course, tennis and pickleball courts, and the breathtaking sunsets of Sunset Park all nearby.
With 14-day minimum rentals permitted and HOA fees that include building insurance and water, this property offers the flexibility to enjoy your own island getaway while exploring vacation rental income potential.
Your opportunity to own a piece of paradise in one of the Florida Keys' most desirable beachfront communities awaits!
For sale
$529,900
601 W Ocean Dr APT 311D, Key Colony Beach, FL 33051
2beds
1,343sqft
Condominium
Built in 1975
-- sqft lot
$-- Zestimate®
$395/sqft
$2,008/mo HOA
What's special
Inviting two-story floor planHeated swimming poolOceanfront clubhousePrivate white-sand beachLush tropical landscapingBeautifully maintained tropical groundsConvenient main-level half bath
- 16 hours
- 72
- 2
Zillow last checked:
Listing updated:
Listed by:
Nate Bartlett,
Berkshire Hathaway HomeServices Keys Real Estate
Source: FLKMLS,MLS#: 621940
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Heating
- Has Heating (Unspecified Type)
Cooling
- Central Air, Ceiling Fans(s)
Appliances
- Included: Washer, Dryer, Dishwasher, Refrigerator, Oven, Microwave
Features
- Split Bedroom, Pantry, Storage, Walk-in Closet(s)
- Flooring: Tile, Carpet
- Furnished: Yes
Interior area
- Total structure area: 1,343
- Total interior livable area: 1,343 sqft
Property
Accessibility
- Accessibility features: Parking
Features
- Patio & porch: Open Porch/Balcony, Patio
- Exterior features: Chickee Hut, Fruit Tree(s), Rain Gutters, Lighting, Outdoor Shower, Sandy Beach, Storage
- Has private pool: Yes
- Pool features: In Ground, Concrete, Decked
- Fencing: Fenced,Privacy
- On waterfront: Yes
Details
- Parcel number: 00078330003000
- Zoning: R-3 - Multi Unit Res
- Other equipment: Irrigation Equipment
Construction
Type & style
- Home type: Condo
- Architectural style: Townhouse
- Property subtype: Condominium
Materials
- CBS, Concrete
Condition
- Year built: 1975
Utilities & green energy
- Utilities for property: Water Separate Meter, Elect Separate Meter
Community & HOA
Community
- Features: Community Boat Ramp, Manager on Premises, Beach, Bike Paths
- Security: Security Guard
- Subdivision: Cay Condo (53.5)
HOA
- Has HOA: Yes
- Services included: Maintenance Structure, Insurance, Common Area Mnt, Security
- HOA fee: $6,025 quarterly
Location
- Region: Key Colony Beach
Financial & listing details
- Price per square foot: $395/sqft
- Tax assessed value: $462,173
- Annual tax amount: $4,910
- Date on market: 11/4/2026
- Listing terms: Cash,Conventional,Other
Estimated market value
Not available
Estimated sales range
Not available
$5,197/mo
Price history
| Date | Event | Price |
|---|---|---|
| 11/5/2026 | Listed for sale | $529,900-2.8%$395/sqft |
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| 9/28/2026 | Listing removed | $545,000$406/sqft |
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| 7/7/2026 | Price change | $545,000-0.9%$406/sqft |
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| 6/8/2026 | Price change | $550,000-4.2%$410/sqft |
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| 4/14/2026 | Price change | $574,000-0.9%$427/sqft |
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| 1/26/2026 | Price change | $579,000-1%$431/sqft |
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| 12/25/2025 | Price change | $585,000-2.3%$436/sqft |
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| 12/8/2025 | Listed for sale | $599,000+9.5%$446/sqft |
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| 11/8/2024 | Sold | $547,000-0.4%$407/sqft |
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| 9/21/2024 | Contingent | $549,000$409/sqft |
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| 7/18/2024 | Listed for sale | $549,000+45.8%$409/sqft |
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| 6/14/2021 | Sold | $376,500+2.4%$280/sqft |
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| 3/23/2021 | Pending sale | $367,500$274/sqft |
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| 3/23/2021 | Contingent | $367,500$274/sqft |
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| 3/21/2021 | Price change | $367,500-5.7%$274/sqft |
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| 3/17/2021 | Price change | $389,900+6.1%$290/sqft |
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| 10/9/2020 | Price change | $367,500-7.9%$274/sqft |
Source: The Keyes Company #A10870147 Report a problem | ||
| 6/3/2020 | Listed for sale | $399,000$297/sqft |
Source: The Keyes Company #A10869463 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,910 -0.9% | $462,173 +9.5% |
| 2024 | $4,954 +4.8% | $422,217 +10% |
| 2023 | $4,726 +23.1% | $383,834 +10% |
| 2022 | $3,841 +2.6% | $348,940 +7.3% |
| 2021 | $3,743 +12.1% | $325,213 +10% |
| 2020 | $3,340 | $295,648 +8.4% |
| 2019 | $3,340 +8.6% | $272,744 +11.6% |
| 2018 | $3,076 +12.8% | $244,337 -12.5% |
| 2017 | $2,727 -8.5% | $279,213 |
| 2016 | $2,980 -3.6% | $279,213 +4.3% |
| 2015 | $3,092 | $267,725 |
Find assessor info on the county website
Monthly payment
Est. payment





