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Under contract
    • $649,000

    601 W Ocean Dr APT 316-D, Key Colony Beach, FL 33051

    2beds
    1,343sqft
    : 
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    Condominium, Residential - Condo/Townhouse, Townhouse
    Built in 1975
    -- sqft lot
    $-- Zestimate®
    $483/sqft
    $2,008/mo HOA

    What's special

    Renovated kitchenFlawlessly updated interiorSparkling poolBrand-new carpeting upstairsStylish baths
    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.
    52 days
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    32
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    1
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    Zillow last checked:

    Listing updated:

    Listed by:

    Amy Puto 305-766-1745,

    Coldwell Banker Schmitt Real Estate Co.

    Source: FLKMLS,MLS#: 620070MLS LogoOriginating MLS: Marathon/Lower Keys

      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, Stainless Steel Appliance(s), Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
      Features
      • Quartz Countertops, Entrance Foyer, Split Bedroom
      • Flooring: Tile, Carpet, Vinyl
      • Doors: Sliding Glass Doors, Impact Rstnce Doors
      • Windows: Drapes/Blinds Incl, Skylight(s), Aluminum Frames, Accordion
      • Furnished: Yes
      Interior area
      • Total interior livable area: 1,343 sqft
      Video & virtual tour

      Property

      Parking
      • Parking features: Assigned, Guest, Open
      • Has uncovered spaces: Yes
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Open Porch/Balcony
      • Exterior features: Sandy Beach
      • Has private pool: Yes
      • Pool features: Heated, In Ground, Decked, Concrete
      • Has view: Yes
      • View description: Ocean, Water
      • Has water view: Yes
      • Water view: Ocean,Water
      • Waterfront features: Oceanfront, Open Water, Waterfront, Sandy Beach, Dockage: None
      Lot
      • Features: 2 Less Than 5 Acres
      Details
      • Additional structures: Chickee Hut
      • Parcel number: 00078330003500
      • Zoning: R-3
      • Zoning description: Multi Unit Res

      Construction

      Type & style
      • Home type: Condo
      • Architectural style: Townhouse
      • Property subtype: Condominium, Residential - Condo/Townhouse, Townhouse
      Materials
      • CBS, Concrete
      • Roof: Other
      Condition
      • Updated/Remodeled
      • New construction: No
      • Year built: 1975

      Utilities & green energy

      • Electric: Elect Separate Meter
      • Sewer: Municipal Sewer, Public Sewer
      • Utilities for property: FKAA, Cable Available, Buyer to Verify

      Community & HOA

      Community
      • Features: Pool, Bike Paths, Other, Beach, Manager on Premises, Tennis Court(s)
      • Security: Patrolled Area
      • Subdivision: Cay Condo (53.5)
      HOA
      • Has HOA: Yes
      • Services included: Cable TV, Maintenance Grounds, Building Insurance, Maintenance Structure, Water, Sewer
      • Second HOA fee: $6,025 quarterly
      Location
      • Region: Key Colony Beach

      Financial & listing details

      • Price per square foot: $483/sqft
      • Tax assessed value: $524,578
      • Annual tax amount: $5,484
      • Date on market: 5/29/2026
      • Listing terms: No Seller Finance,Cash,Conventional

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        6/6/2026Contingent$649,000$483/sqft
        Source: FLKMLS #620070 Report a problem
        5/29/2026Listed for sale$649,000$483/sqft
        Source: FLKMLS #620070 Report a problem

        Public tax history

        YearProperty taxesTax 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

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 33051

        Getting around

        13 / 100
        Car-Dependent
        29 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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