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
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 condo offers the perfect combination of comfort, convenience, and coastal living. Your Florida Keys lifestyle awaits!
More Information MLS# 621779
Contract Information
Current Price: $625,000
Listing Date: 2026-10-23
Listing Board: Marathon/Lower Keys
List Price: $625,000
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
General Property Description
Realtor.COM Type: Residential - Condo/Townhouse
Style: Condo
Waterfront: Yes
Unit/Complex: Complex
Pool: Yes
Year Built: 1975
Lot Size: X
Living Apx SqFt: 1234
SqFt Source: Property Data Card
Total Bedrooms: 2
Full Baths: 2
Total Baths: 2
Floor Number: 1
Rentals Allowed: With Restrictions
Min Rental Days: 14
Status Change Info
Status: Active
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
Pool Info
Heated: 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.