Sold for $435,000

$435,000

601 W Ocean Dr APT 401A, Key Colony Beach, FL 33051

2beds

1,234sqft

Condominium, Residential - Condo/Townhouse

Built in 1975

-- sqft lot

$461,600 Zestimate^®

$353/sqft

$4,674 Estimated rent

Home value

$461,600

$406,000 - $522,000

$4,674/mo

Zestimate^® history

Owner options

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$4,674/mo

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$4,674/mo

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$7,983/mo

Est. payment

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$7,983/mo

Est. payment

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What's special

Beachfront tiki hutOceanfront livingPrivate sandy beachCommunity deckWelcoming retreatFirst-level livingBreathtaking sunsets

Discover the charm of oceanfront living at an exceptional value in The Cay Condos, located in the heart of Key Colony Beach. Known for its small-town feel and pristine beaches, this walkable, bikeable island offers a host of amenities, including a par-3 golf course, marina, tennis and pickleball courts, and a variety of local restaurants. This 2-bedroom, 2-bath unit provides a welcoming retreat within a vibrant beachfront community. Residents enjoy a picturesque oceanfront courtyard with a pool, a beachfront tiki hut, a private sandy beach, party room and a community deck perfect for savoring breathtaking sunsets. With first-level living for easy accessibility and a calendar full of community events, this is your chance to embrace the best of Florida Keys living at an affordable price.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 2

Cooling

Central Air, Ceiling Fans(s)

Appliances

Included: Washer, Microwave, Range, Refrigerator, Dishwasher, Dryer
Laundry: Laundry Room

Features

Entrance Foyer
Flooring: Tile, Carpet
Windows: Window Treatments
Furnished: Yes

Interior area

Total interior livable area: 1,234 sqft

Property

Parking

Parking features: Assigned, Off Street, Guest

Features

Patio & porch: Open Porch/Balcony
Exterior features: Sandy Beach
Has private pool: Yes
Pool features: In Ground, Decked, Concrete
Water view: None
On waterfront: Yes
Waterfront features: Oceanfront, Waterfront, Sandy Beach, Dockage: None

Lot

Features: 2 Less Than 5 Acres

Details

Additional structures: Chickee Hut
Parcel number: 00078330003700
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, Stucco, Concrete

Condition

Year built: 1975

Utilities & green energy

Sewer: Municipal Sewer, Public Sewer
Utilities for property: FKAA, Cable Available, Buyer to Verify, Cable Connected

Community & HOA

Community

Features: Manager on Premises, Bike Paths, Airport/Runway, Beach
Security: Patrolled Area
Subdivision: Cay Condo (53.5)

HOA

Has HOA: Yes
Services included: Cable TV, Maintenance Grounds, Building Insurance, Maintenance Structure, Water, Sewer
HOA fee: $5,360 quarterly

Location

Region: Key Colony Beach

Financial & listing details

Price per square foot: $353/sqft
Tax assessed value: $388,314
Annual tax amount: $4,777
Date on market: 12/8/2024

Price history

Date	Event	Price
4/30/2025	Pending sale	$459,000+5.5%$372/sqft
Source: FLKMLS #612602 Report a problem
4/29/2025	Sold	$435,000-5.2%$353/sqft
Source: FLKMLS #612602 Report a problem
3/24/2025	Contingent	$459,000$372/sqft
Source: FLKMLS #612602 Report a problem
2/24/2025	Price change	$459,000-4.2%$372/sqft
Source: Key West AOR #612602 Report a problem
2/1/2025	Price change	$479,000-4%$388/sqft
Source: Key West AOR #612602 Report a problem
12/8/2024	Listed for sale	$499,000+23120.1%$404/sqft
Source: FLKMLS #612602 Report a problem
1/20/2016	Sold	$2,149$2/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,231 -11.5%	$388,314 -4.2%
2024	$4,778 +4.9%	$405,339 +10%
2023	$4,555 +22.8%	$368,490 +10%
2022	$3,708 +4.4%	$334,991 +8.9%
2021	$3,552 +11.9%	$307,610 +9.9%
2020	$3,173	$280,000 +2.8%
2019	$3,173 +3.1%	$272,472 +11.5%
2018	$3,076 +12.8%	$244,462 -11.2%
2017	$2,728 -7.3%	$275,277
2016	$2,944 -2.7%	$275,277 +12%
2015	$3,025	$245,813