601 W Ocean Drive 316-D, Key Colony, FL 33051
New Listing
$649,000
Property Type:
Residential
Bedrooms:
2
Baths:
3
Square Footage:
1,343
Status:
Active
Current Price:
$649,000
List Date:
5/29/2026
Last Modified:
5/29/2026
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, the guest bedroom, and the primary suite--plus bonus sunset views from the guest 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.
More Information MLS# 620070
Contract Information
Current Price: $649,000
Listing Date: 2026-05-29
Listing Board: Marathon/Lower Keys
List Price: $649,000
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
Species List: Yes
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
Control Depth: 2
Unit/Complex: Complex
Pool: Yes
Year Built: 1975
Lot Size: X
Living Apx SqFt: 1343
SqFt Source: Property Data Card
Total Bedrooms: 2
Full Baths: 2
Half Baths: 1
Total Baths: 3
Rentals Allowed: With Restrictions
Min Rental Days: 14
Status Change Info
Status: Active
Association Info
Mandatory Home Owners Asc: Yes
1st Right of Refusal: No
Maintenance Fee $: 6025
Assoc/Mnt Fee Per: Quarterly
Building Style
Above Flood: Unknown
Stories: 2 Stories
Pool Info
Heated: Yes
Financial Status
Bank Owned: No
Potential Short Sale: No
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: May - 29 - 2026
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