601 W Ocean Drive 302, Key Colony, FL 33051

New Listing

$625,000

Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,234 Status: Active

Current Price: $625,000 List Date: 10/24/2026 Last Modified: 10/24/2026

Overview

Description

Discover your slice of paradise at The Cay Condominiums in Key Colony Beach! This meticulously maintained 2 bedroom, 2 bath beautifully updated condo offers a tastefully decorated interior with an inviting coastal feel, perfect for a full-time residence, second home, or investment opportunity with a 14-day minimum rental period. Enjoy the best of Florida Keys living with direct access to the community's private beach, sparkling swimming pool, assigned parking, and ample guest parking. With building renovations nearing completion, The Cay offers an exciting opportunity to own in this desirable beachfront community. Located in the heart of Key Colony Beach, you'll enjoy an exceptional island lifestyle with a par-3 golf course, two children's parks, dog parks, bocce ball, horseshoes, scenic walking paths, local restaurants, and the beloved Sunset Park, known for its breathtaking sunsets. Whether you're looking to relax by the water, enjoy the outdoors, or generate rental income, this cond ... (Read more)

Listing Details MLS# 621779

Location, Tax & Legal

Street #: 601
Direction: W
Street Name: Ocean
Street Suffix: Drive
Key/Island: Key Colony
State/Province: FL
Zip Code: 33051
County: Monroe
Subdivision: Cay Condo (53.5)
Area: 17 - Vaca Cut - Both Sides Holiday Inn/Key Colony
Unit #: 302
City: KEY COLONY
Mile Marker: 53.5
Marathon Neighborhood: N/A
Side: Ocean
Alternate Key #: 1084301
Parcel #: 00078330002300
Zoning: R-3 - Multi Unit Res
Deed Restrictions: Unknown
Legal: The Cay Condominium Shelter Key Key Colony Beach Apartment 302 B
Taxes: 4754.14
Tax Year: 2025
Pub Sewer HkUp: Yes

Contract Information

Listing Board: Marathon/Lower Keys

General Property Description

Realtor.COM Type: Residential - Condo/Townhouse
Style: Condo
Waterfront: Yes
Unit/Complex: Complex
Pool: Yes
Year Built: 1975
Living Apx SqFt: 1234
SqFt Source: Property Data Card
Total Bedrooms: 2
Full Baths: 2
Total Baths: 2
Floor Number: Yes
Rentals Allowed: With Restrictions
Min Rental Days: 14
Control Depth: 0
Lot SqFt: 0
Acres: 0

Association Info

Mandatory Home Owners Asc: Yes
1st Right of Refusal: Yes
Association Fee $: 6025
Assoc/Mnt Fee Per: Quarterly

Building Style

Above Flood: Unknown

More Information

Pool Info

Heated: Yes
In Ground: Yes
Concrete: Yes
Decked: Yes

Remarks & Misc

Remarks – Consumer: Discover your slice of paradise at The Cay Condominiums in Key Colony Beach! This meticulously maintained 2 bedroom, 2 bath beautifully updated condo offers a tastefully decorated interior with an inviting coastal feel, perfect for a full-time residence, second home, or investment opportunity with a 14-day minimum rental period. Enjoy the best of Florida Keys living with direct access to the community's private beach, sparkling swimming pool, assigned parking, and ample guest parking. With building renovations nearing completion, The Cay offers an exciting opportunity to own in this desirable beachfront community. Located in the heart of Key Colony Beach, you'll enjoy an exceptional island lifestyle with a par-3 golf course, two children's parks, dog parks, bocce ball, horseshoes, scenic walking paths, local restaurants, and the beloved Sunset Park, known for its breathtaking sunsets. Whether you're looking to relax by the water, enjoy the outdoors, or generate rental income, this condo offers the perfect combination of comfort, convenience, and coastal living. Your Florida Keys lifestyle awaits!
Directions: US-1 to Sadowski Cswy follow down turn left on W. Ocean Dr. complex is on your left turn in and follow to the right the building is on the far west side about mid way down.

Fee Includes

Bldg Exterior Mnt: Yes
Building Insurance: Yes
Cable: Yes
Common Area Mnt: Yes
Sewer: Yes
Water: Yes

Dockage

None: Yes

Tax Exemptions

None: Yes

Appliances

Dishwasher: Yes
Dryer: Yes
Microwave: Yes
Oven: Yes
Range: Yes
Refrigerator: Yes
Stainless Steel Appliance(s): Yes
Washer: Yes

Pets

No Pets Allowed: Yes

Cooling

Ceiling Fans(s): Yes
Central Air: Yes

Heating

Central: Yes

Waterfront

Open Water: Yes

Waterview

Open Water View: Yes

Floor

Tile: Yes

Neighborhood Feature

Beach: Yes
Bike Paths: Yes
Clubhouse: Yes
Community Pool: Yes

Interior Features

Granite Counter Top: Yes
Smoke Alarms: Yes
Window Treatments: Yes

Property Condition

Updated/Remodeled: Yes

Windows/Doors

Aluminum Windows: Yes
Sliding Glass Doors: Yes

Vehicle Storage

Guest Parking: Yes
Open Parking: Yes
Off Street Parking: Yes

Construction

CBS: Yes
Concrete: Yes

Land Size

2 Less Than 5 Acres: Yes

Furnished

Negotiable: Yes

Terms

Cash: Yes
Conventional: Yes
FHA: Yes

Utilities

Buyer to Verify: Yes
FKAA: Yes
Municipal Sewer: Yes

Porch/Balcony

Open Porch/Balcony: Yes

Title

Negotiable: Yes

Exterior Features

Chickee Hut: Yes
Fruit Tree(s): Yes
Lighting: Yes
Rain Gutters: Yes
Sandy Beach: Yes
Storage: Yes

Pre-Wired

Cable: Yes

Accessibility Feat

Parking: Yes

Shutters

Accordion: Yes

Property Features

Fee Includes: Bldg Exterior Mnt; Building Insurance; Cable; Common Area Mnt; Sewer; Water Tax Exemptions: None Waterfront: Open Water Waterview: Open Water View Dockage: None Property Condition: Updated/Remodeled Vehicle Storage: Guest Parking; Off Street Parking; Open Parking Furnished: Negotiable Cooling: Ceiling Fans(s); Central Air Heating: Central Utilities: Buyer to Verify; FKAA; Municipal Sewer Interior Features: Granite Counter Top; Smoke Alarms; Window Treatments Pre-Wired: Cable Appliances: Dishwasher; Dryer; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer Exterior Features: Chickee Hut; Fruit Tree(s); Lighting; Rain Gutters; Sandy Beach; Storage Accessibility Feat: Parking Pool Info: In Ground; Concrete; Decked Construction: CBS; Concrete Shutters: Accordion Floor: Tile Pets: No Pets Allowed Neighborhood Feature: Beach; Bike Paths; Clubhouse; Community Pool Land Size: 2 Less Than 5 Acres Terms: Cash; Conventional; FHA Title: Negotiable

Listing Office: Coldwell Banker Schmitt Real Estate Co.

Last Updated: October - 24 - 2026

The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.

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