601 W Ocean Drive 316-D, Key Colony, FL 33051 (MLS# 620070)

601 W Ocean Drive 316-D, Key Colony, FL 33051

$649,000

Virtual Tour

https://idx.paradym.com/idx/4970722

Property Type: Residential Bedrooms: 2 Baths: 3 Square Footage: 1,343 Status: Active

Current Price: $649,000 List Date: 7/21/2026 Last Modified: 7/21/2026

Overview

Description

Oceanfront Paradise Awaits at The Cay! Experience the ultimate Keys lifestyle in this pristine, never-before-rented 2-bedroom, 2.5-bathroom townhouse-style condominium. Boasting 1,343 square feet of beautifully updated living space, this residence features stunning, ocean views from the living room balcony plus bonus ocean and sunset views from the guest bedroom balcony. Inside, enjoy a flawlessly updated interior with luxury vinyl plank flooring downstairs, a renovated kitchen, stylish baths, and brand-new carpeting upstairs. It feels more like a home than a condo. Leave the windows open at night to the gentle sound of the ocean lapping against the beach--a soothing natural soundtrack perfect for relaxing and falling asleep. Situated just one unit back from the open ocean, the property is surrounded by lush tropical landscaping and offers premium community amenities, including a sparkling pool, a community room overlooking the ocean, and a sandy beach complete with a tiki hu ... (Read more)

Listing Details MLS# 620070

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 #: 316-D
City: KEY COLONY
Off Shore Island: No
Mile Marker: 53.5
Marathon Neighborhood: N/A
Senior Community YN: No
Side: Ocean
Flood Zone: AE
Alternate Key #: 1084425
Parcel #: 00078330-003500
Zoning: R-3 - Multi Unit Res
Deed Restrictions: Yes
Legal: APT 316-D THE CAY CONDOMINIUM SHELTER KEY KEY COLONY BEACH
Taxes: 5484.49
Tax Year: 2025
Pub Sewer HkUp: Yes

Contract Information

Listing Board: Marathon/Lower Keys
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
Species List: Yes

General Property Description

Realtor.COM Type: Residential - Condo/Townhouse
Style: Condo
Waterfront: Yes
Control Depth: 2
Unit/Complex: Complex
Pool: Yes
Year Built: 1975
Living Apx SqFt: 1343
SqFt Source: Property Data Card
Total Bedrooms: 2
Full Baths: 2
Half Baths: Yes
Total Baths: 3
Rentals Allowed: With Restrictions
Min Rental Days: 14
Lot SqFt: 0
Total Units: 0

Association Info

Mandatory Home Owners Asc: Yes
1st Right of Refusal: No
Maintenance Fee $: 6025
Assoc/Mnt Fee Per: Quarterly
Association Fee $: 0

Building Style

Above Flood: Unknown
Stories: 2 Stories
Townhouse: Yes

More Information

Pool Info

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

Financial Status

Bank Owned: No
Potential Short Sale: No

Remarks & Misc

Remarks – Consumer: Oceanfront Paradise Awaits at The Cay! Experience the ultimate Keys lifestyle in this pristine, never-before-rented 2-bedroom, 2.5-bathroom townhouse-style condominium. Boasting 1,343 square feet of beautifully updated living space, this residence features stunning, ocean views from the living room balcony plus bonus ocean and sunset views from the guest bedroom balcony. Inside, enjoy a flawlessly updated interior with luxury vinyl plank flooring downstairs, a renovated kitchen, stylish baths, and brand-new carpeting upstairs. It feels more like a home than a condo. Leave the windows open at night to the gentle sound of the ocean lapping against the beach--a soothing natural soundtrack perfect for relaxing and falling asleep. Situated just one unit back from the open ocean, the property is surrounded by lush tropical landscaping and offers premium community amenities, including a sparkling pool, a community room overlooking the ocean, and a sandy beach complete with a tiki hut. While this turnkey property offers excellent rental potential for savvy investors or part-time residents, The Cay's 14-day minimum rental restriction ensures a peaceful, exclusive atmosphere. It truly feels less like a busy high-turnover hotel and more like your private, quiet coastal sanctuary. Perfectly situated in the heart of Key Colony Beach, this premier location immerses you in the highly desirable lifestyle of ''The Gem of the Florida Keys.'' This incorporated island city offers an unmatched, relaxed atmosphere complete with its own walking and bike paths, scenic waterfront park (Sunset Park), a par-3 golf course, tennis and pickleball courts, and a vibrant selection of waterfront dining and charter fleets just minutes away.
Directions: US 1 to Sadowski Causeway. Right on W. Ocean Drive, The Cay is immediately on your left.

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

Waterfront

Oceanfront: Yes
Open Water: Yes

Waterview

Ocean View: Yes
Open Water View: Yes

Floor

Carpet: Yes
Tile: Yes
Vinyl: Yes

Neighborhood Feature

Beach: Yes
Bike Paths: Yes
Community Pool: Yes
Manager on Premises: Yes
Tennis Courts: Yes
Other Area Features: Yes

Interior Features

Drapes/Blinds Incl: Yes
Entrance Foyer: Yes
Quartz Countertops: Yes
Sky Light(s): Yes
Split Bedroom: Yes

Property Condition

Updated/Remodeled: Yes

Windows/Doors

Aluminum Windows: Yes
Impact Rstnce Doors: Yes
Sliding Glass Doors: Yes

Vehicle Storage

Guest Parking: Yes
Open Parking: Yes
Assigned Parking: Yes

Security

Patrolled Area: Yes

Construction

CBS: Yes
Concrete: Yes

Land Size

2 Less Than 5 Acres: Yes

Furnished

Furnished: Yes

Terms

Cash: Yes
Conventional: Yes
No Seller Finance: Yes

Utilities

Buyer to Verify: Yes
Cable Available: Yes
Elect Separate Meter: Yes
FKAA: Yes
Municipal Sewer: Yes

Porch/Balcony

Open Porch/Balcony: Yes

Title

Title Ins - Buyer: Yes

Exterior Features

Chickee Hut: Yes
Sandy Beach: Yes

Roof

Other Roof: Yes

Shutters

Accordion: Yes

Property Features

Fee Includes: Bldg Exterior Mnt; Building Insurance; Cable; Common Area Mnt; Sewer; Water Tax Exemptions: None Waterfront: Oceanfront; Open Water Waterview: Ocean View; Open Water View Dockage: None Property Condition: Updated/Remodeled Building Style: Townhouse Vehicle Storage: Assigned Parking; Guest Parking; Open Parking Furnished: Furnished Cooling: Ceiling Fans(s); Central Air Utilities: Buyer to Verify; Cable Available; Elect Separate Meter; FKAA; Municipal Sewer Interior Features: Drapes/Blinds Incl; Entrance Foyer; Quartz Countertops; Sky Light(s); Split Bedroom Appliances: Dishwasher; Dryer; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer Exterior Features: Chickee Hut; Sandy Beach Pool Info: In Ground; Concrete; Decked Construction: CBS; Concrete Shutters: Accordion Floor: Carpet; Tile; Vinyl Roof: Other Roof Pets: No Pets Allowed Neighborhood Feature: Beach; Bike Paths; Community Pool; Manager on Premises; Tennis Courts; Other Area Features Security: Patrolled Area Land Size: 2 Less Than 5 Acres Terms: Cash; Conventional; No Seller Finance Title: Title Ins - Buyer

Listing Office: Coldwell Banker Schmitt Real Estate Co.

Last Updated: July - 21 - 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.