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For sale
  • Price cut: $30K (3/19)
    $549,000

    601 W Ocean Dr APT 105D, Key Colony Beach, FL 33051

    2beds
    1,344sqft
    : 
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    Condominium, Residential - Condo/Townhouse, Townhouse
    Built in 1975
    -- sqft lot
    $530,300 Zestimate®
    $408/sqft
    $2,008/mo HOA

    What's special

    Positioned along the sandy shoreline of Key Colony Beach, this beautifully updated 2 Bedroom, 2.5 Bathroom second-floor residence at The Cay offers an exceptional blend of coastal comfort and resort-style living. Nestled within a charming beachfront community on the Atlantic Ocean, the property enjoys direct access to one of the few natural sandy beaches in the Middle Keys along with a relaxed, private atmosphere that defines the island lifestyle. Inside, the residence has been thoughtfully updated with a clean coastal aesthetic and modern finishes throughout. The kitchen features crisp white shaker cabinetry, sleek solid-surface countertops, stainless appliances, and stylish open shelving, creating a bright and functional space ideal for everyday living or entertaining. The open living and dining areas flow seamlessly to a private covered balcony where tropical landscaping and gentle ocean breezes create a peaceful outdoor retreat. Both bedrooms are generously sized and designed with comfort in mind. The spacious primary suite features its own en suite bath, while the guest bedroom enjoys the added luxury of a private balcony, providing a quiet retreat for visiting family and friends. A full guest bathroom along with an additional half bath adds convenience and flexibility to the floor plan. The Cay is a boutique oceanfront community known for its beautifully maintained grounds, inviting pool area, and direct beach access just steps from your door. Residents enjoy the convenience of nearby restaurants, marinas, golf, and all the amenities of Key Colony Beach while being centrally located in the heart of the Florida Keys. Whether you are seeking a full-time residence, vacation getaway, or income-producing investment, this turnkey coastal retreat offers the opportunity to experience the very best of oceanfront living in Key Colony Beach.
    98 days
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    235
    |
    7
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    Zillow last checked:

    Listing updated:

    Listed by:

    Lisa H Ferringo 305-797-1221,

    Coldwell Banker Schmitt Real Estate Co,

    John Salvatore 724-454-3103,

    Coldwell Banker Schmitt Real Estate Co

    Source: FLKMLS,MLS#: 618967MLS LogoOriginating MLS: Key West Association

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 3
      • Full bathrooms: 2
      • 1/2 bathrooms: 1
      Cooling
      • Central Air
      Appliances
      • Included: Washer, Stainless Steel Appliance(s), Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
      Features
      • Split Bedroom, Quartz Countertops
      • Flooring: Vinyl
      • Windows: Accordion
      Interior area
      • Total interior livable area: 1,344 sqft

      Property

      Parking
      • Parking features: Assigned, Guest
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Open Porch/Balcony
      • Exterior features: Sandy Beach
      • Has private pool: Yes
      • Pool features: In Ground, Concrete
      • Water view: None
      • On waterfront: Yes
      • Waterfront features: Oceanfront, Open Water, Waterfront, Sandy Beach, Dockage: None
      Lot
      • Features: 2 Less Than 5 Acres
      Details
      • Additional structures: Chickee Hut
      • Parcel number: 00078330000500
      • 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
      Condition
      • Updated/Remodeled
      • New construction: No
      • Year built: 1975

      Utilities & green energy

      • Sewer: Municipal Sewer, Public Sewer
      • Utilities for property: FKAA, Buyer to Verify

      Community & HOA

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

      Financial & listing details

      • Price per square foot: $408/sqft
      • Tax assessed value: $433,050
      • Annual tax amount: $4,642
      • Date on market: 3/7/2026
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        Estimated market value

        $530,300

        $504,000 - $557,000

        $5,878/mo

        Price history

        DateEventPrice
        3/19/2026Price change$549,000-5.2%$408/sqft
        Source: FLKMLS #618967 Report a problem
        3/7/2026Listed for sale$579,000+76%$431/sqft
        Source: FLKMLS #618967 Report a problem
        5/14/2018Sold$329,000-29.9%$245/sqft
        Source: FLKMLS #575365 Report a problem
        9/9/2011Listing removed$469,000$349/sqft
        Source: Key Colony Beach Realty, Inc. #538404 Report a problem
        2/24/2011Listed for sale$469,000+91.4%$349/sqft
        Source: Key Colony Beach Realty, Inc. #538404 Report a problem
        12/1/2010Sold$245,000-52.2%$182/sqft
        Source: Public Record Report a problem
        8/16/2005Sold$513,000+244.3%$382/sqft
        Source: Public Record Report a problem
        3/12/1997Sold$149,000$111/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$4,642 -0.8%$433,050 +9.5%
        2024$4,681 +4.9%$395,569 +10%
        2023$4,461 +22.9%$359,608 +10%
        2022$3,631 +4.4%$326,916 +8.9%
        2021$3,477 +11.6%$300,066 +9.5%
        2020$3,116 $274,064 +0.5%
        2019$3,116 +0.5%$272,719 +11.4%
        2018$3,101 +13.5%$244,907 -7.4%
        2017$2,732 -4%$264,445
        2016$2,846 -3.6%$264,445 -1.2%
        2015$2,952 $267,725

        Find assessor info on the county website

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          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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