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.
For sale
Price cut: $30K (3/19)
$549,000
601 W Ocean Dr APT 105D, Key Colony Beach, FL 33051
2beds
1,344sqft
Condominium, Residential - Condo/Townhouse, Townhouse
Built in 1975
-- sqft lot
$530,300 Zestimate®
$408/sqft
$2,008/mo HOA
What's special
- 98 days |
- 235 |
- 7 |
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#: 618967
Originating 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
Video & virtual tour
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
Estimated market value
$530,300
$504,000 - $557,000
$5,878/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/19/2026 | Price change | $549,000-5.2%$408/sqft |
Source: | ||
| 3/7/2026 | Listed for sale | $579,000+76%$431/sqft |
Source: | ||
| 5/14/2018 | Sold | $329,000-29.9%$245/sqft |
Source: | ||
| 9/9/2011 | Listing removed | $469,000$349/sqft |
Source: Key Colony Beach Realty, Inc. #538404 Report a problem | ||
| 2/24/2011 | Listed for sale | $469,000+91.4%$349/sqft |
Source: Key Colony Beach Realty, Inc. #538404 Report a problem | ||
| 12/1/2010 | Sold | $245,000-52.2%$182/sqft |
Source: Public Record Report a problem | ||
| 8/16/2005 | Sold | $513,000+244.3%$382/sqft |
Source: Public Record Report a problem | ||
| 3/12/1997 | Sold | $149,000$111/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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 | $267,725 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
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
Nearby schools
GreatSchools rating
- 4/10Stanley Switlik Elementary SchoolGrades: PK-5Distance: 4.8 mi
- 5/10Marathon SchoolGrades: 6-12Distance: 3.9 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Florida
- Monroe County
- Key Colony Beach
- 33051
- 601 W Ocean Dr Apartment 105D
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