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For sale
    • $549,000

    601 W Ocean Dr APT 410, Key Colony Beach, FL 33051

    2beds
    1,343sqft
    : 
    Condominium, Residential - Condo/Townhouse, Townhouse
    Built in 1975
    -- sqft lot
    $532,700 Zestimate®
    $409/sqft
    $1,787/mo HOA

    What's special

    Spacious townhouse style condominiumTwo bedroomsBeachfront communityNewly refreshed poolOpen layoutWhite sandy shoreline
    Escape to paradise in this spacious townhouse style condominium with stunning beach and ocean views, perfectly positioned at The Cay Condos in the heart of Key Colony Beach. Let the sights and sounds of the Atlantic set the tone for relaxed island living as gentle sea breezes and endless blue horizons become part of your everyday backdrop. Offering over 1,300 square feet of thoughtfully designed living space with two bedrooms, two and one half bathrooms, this residence provides ample room to entertain, unwind, and create unforgettable memories with family and friends. The open layout is ideal for gathering after a day on the water or enjoying quiet mornings with coffee overlooking the beach. The Cay is a well established, beachfront community featuring white sandy shoreline, newly refreshed pool completed last year, and on-site management. With a highly desirable 14 day minimum rental policy, this property presents excellent income potential and remains consistently rented throughout the season. The association is meticulously managed and well funded, plus has completed both the Milestone Inspection and SIRS Reserve Study, offering added confidence for long term ownership. Whether you are seeking a serene retirement retreat, a lock and leave vacation getaway, or a proven investment property, this beachside residence delivers the best of coastal living. Enjoy an unbeatable location close to dining, marinas, walking and biking paths, and all the amenities that make Key Colony Beach the true gem of the Florida Keys.
    85 days
    |
    291
    |
    13
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Karen D Raspe 305-393-9010,

    Ocean Sotheby's International Relaty,

    Ally Kelley 727-459-0493,

    Ocean Sotheby's International Relaty

    Source: FLKMLS,MLS#: 618507MLS LogoOriginating MLS: Marathon/Lower Keys

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      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, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
      Features
      • Flooring: Tile, Carpet
      • Doors: Sliding Glass Doors
      • Windows: Window Treatments, Single Hung Windows, Accordion
      Interior area
      • Total interior livable area: 1,343 sqft
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      Property

      Parking
      • Parking features: Assigned, Guest
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Open Porch/Balcony
      • Exterior features: Sandy Beach, Outdoor Shower
      • Has private pool: Yes
      • Pool features: Heated, In Ground, Decked, Concrete
      • Has view: Yes
      • View description: Ocean
      • Has water view: Yes
      • Water view: Ocean
      • Waterfront features: Oceanfront, Waterfront, Sandy Beach, Dockage: None
      Lot
      • Features: Less Than 1/4 Acre
      Details
      • Additional structures: Chickee Hut
      • Parcel number: 00078330004600
      • Zoning: R-3
      • Zoning description: Multi Unit Res
      • Special conditions: Standard

      Construction

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

      Utilities & green energy

      • Sewer: Community Swr Plant, Public Sewer
      • Utilities for property: FKAA, Cable Available, Buyer to Verify, Cable Connected

      Community & HOA

      Community
      • Features: Tennis Court(s), Bike Paths, Airport/Runway, Beach, Manager on Premises
      • Security: Smoke Detector(s), Patrolled Area
      • Subdivision: Cay Condo (53.5)
      HOA
      • Has HOA: Yes
      • Services included: Cable TV, Maintenance Grounds, Building Insurance, Maintenance Structure, Water, Pest Control, Sewer
      • HOA fee: $5,360 quarterly
      Location
      • Region: Key Colony Beach

      Financial & listing details

      • Price per square foot: $409/sqft
      • Tax assessed value: $476,027
      • Annual tax amount: $4,683
      • Date on market: 2/6/2026
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        Estimated market value

        $532,700

        $506,000 - $559,000

        $5,916/mo

        Price history

        DateEventPrice
        2/6/2026Listed for sale$549,000-15.4%$409/sqft
        Source: FLKMLS #618507 Report a problem
        7/11/2025Listing removed$649,000$483/sqft
        Source: MLKAR #614491 Report a problem
        4/5/2025Listed for sale$649,000-4.4%$483/sqft
        Source: Key West AOR #614491 Report a problem
        8/16/2024Listing removed$679,000$506/sqft
        Source: Key West AOR #608378 Report a problem
        1/27/2024Listed for sale$679,000+294.8%$506/sqft
        Source: FLKMLS #608378 Report a problem
        12/13/1999Sold$172,000$128/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$4,878 -0.8%$450,568 +10%
        2024$4,916 +6.9%$409,607 +10%
        2023$4,600 +23%$372,370 +10%
        2022$3,741 +4.4%$338,518 +9%
        2021$3,583 +11.9%$310,702 +9.8%
        2020$3,202 $283,012 +3.8%
        2019$3,202 +4.1%$272,744 +11.6%
        2018$3,076 +12.8%$244,337 -12.5%
        2017$2,727 -8.5%$279,213
        2016$2,980 -3.6%$279,213 +4.3%
        2015$3,092 $267,725

        Find assessor info on the county website

        Monthly payment

        Est. payment
        $4,830/mo
        Principal & interest
        $2668
        HOA Fees
        $1787
        Property taxes
        $375
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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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