Oceanfront Paradise Awaits at The Cay!
Experience the ultimate Keys lifestyle in this pristine, never-before-rented 2-bedroom, 2.5-bathroom townhouse-style condominium. Boasting 1,343 square feet of beautifully updated living space, this residence features stunning, ocean views from the living room balcony plus bonus ocean and sunset views from the guest bedroom balcony. Inside, enjoy a flawlessly updated interior with luxury vinyl plank flooring downstairs, a renovated kitchen, stylish baths, and brand-new carpeting upstairs. It feels more like a home than a condo. Leave the windows open at night to the gentle sound of the ocean lapping against the beach--a soothing natural soundtrack perfect for relaxing and falling asleep.
Situated just one unit back from the open ocean, the property is surrounded by lush tropical landscaping and offers premium community amenities, including a sparkling pool, a community room overlooking the ocean, and a sandy beach complete with a tiki hut.
While this turnkey property offers excellent rental potential for savvy investors or part-time residents, The Cay's 14-day minimum rental restriction ensures a peaceful, exclusive atmosphere. It truly feels less like a busy high-turnover hotel and more like your private, quiet coastal sanctuary.
Perfectly situated in the heart of Key Colony Beach, this premier location immerses you in the highly desirable lifestyle of ''The Gem of the Florida Keys.'' This incorporated island city offers an unmatched, relaxed atmosphere complete with its own walking and bike paths, scenic waterfront park (Sunset Park), a par-3 golf course, tennis and pickleball courts, and a vibrant selection of waterfront dining and charter fleets just minutes away.
For sale
Price cut: $14K (8/6)
$635,000
601 W Ocean Dr APT 316-D, Key Colony Beach, FL 33051
2beds
1,343sqft
Condominium
Built in 1975
-- sqft lot
$-- Zestimate®
$473/sqft
$-- HOA
What's special
Renovated kitchenFlawlessly updated interiorSparkling poolBrand-new carpeting upstairsStylish baths
- 97 days
- 409
- 24
Zillow last checked:
Listing updated:
Listed by:
Amy Puto 305-766-1745,
Coldwell Banker Schmitt Real Estate Co.
Source: FLKMLS,MLS#: 620070
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Cooling
- Central Air, Ceiling Fans(s)
Appliances
- Included: Washer, Dryer, Dishwasher, Refrigerator, Range, Oven, Microwave, Stainless Steel Appliance(s)
Features
- Quartz Countertops
- Flooring: Tile, Vinyl, Carpet
- Windows: Skylight(s)
- Furnished: Yes
Interior area
- Total structure area: 1,343
- Total interior livable area: 1,343 sqft
Video & virtual tour
Property
Parking
- Parking features: Open
- Has uncovered spaces: Yes
Features
- Patio & porch: Open Porch/Balcony
- Exterior features: Chickee Hut, Sandy Beach
- Has private pool: Yes
- Pool features: In Ground, Concrete, Decked
- On waterfront: Yes
Details
- Parcel number: 00078330003500
- Zoning: R-3 - Multi Unit Res
Construction
Type & style
- Home type: Condo
- Architectural style: Townhouse
- Property subtype: Condominium
Materials
- CBS, Concrete
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1975
Utilities & green energy
- Utilities for property: Elect Separate Meter, Cable Available
Community & HOA
Community
- Features: Manager on Premises, Beach, Other, Bike Paths
- Security: Security Guard
- Subdivision: Cay Condo (53.5)
HOA
- Has HOA: Yes
- Services included: Cable TV, Sewer, Water, Maintenance Structure, Insurance, Common Area Mnt
Location
- Region: Key Colony Beach
Financial & listing details
- Price per square foot: $473/sqft
- Tax assessed value: $524,578
- Annual tax amount: $5,484
- Date on market: 7/21/2026
- Listing terms: No Seller Finance,Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/6/2026 | Price change | $635,000-2.2%$473/sqft |
Source: | ||
| 7/21/2026 | Listed for sale | $649,000$483/sqft |
Source: | ||
| 6/6/2026 | Contingent | $649,000$483/sqft |
Source: | ||
| 5/29/2026 | Listed for sale | $649,000$483/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,484 -0.9% | $524,578 +9.5% |
| 2024 | $5,537 +4.6% | $479,026 +10% |
| 2023 | $5,293 +23.4% | $435,478 +10% |
| 2022 | $4,289 +4.5% | $395,889 +9.2% |
| 2021 | $4,103 +12.4% | $362,509 +10% |
| 2020 | $3,651 | $329,554 -1.9% |
| 2019 | $3,651 +1.3% | $336,040 +16% |
| 2018 | $3,603 +14.5% | $289,601 -9% |
| 2017 | $3,147 -5.5% | $318,109 |
| 2016 | $3,332 +0.4% | $318,109 +18.8% |
| 2015 | $3,318 | $267,725 |
Find assessor info on the county website
Monthly payment
Est. payment






