$635,000
 $3,409 est/mo Sourced by Back At You

601 W Ocean Drive 316-d,KEY COLONY, FL 33051

KEY COLONY, FL 33051

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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 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.

Details

MLS #620070
Listing TypeFor Sale
StyleCondominium
Sub-TypeResale
StatusActive
Year1975
Days On Site87
Listing Provided ByColdwell Banker Schmitt Real Estate Co. | Amy Puto

Features

Bed(s)2
Bath(s) 3 Total
SQ Feet1,343
PoolYes
ZoningR-3 - Multi Unit Res
Water FrontYes
Property ViewOpen Water View, Ocean

Taxes

Property5484

Area Information

StateFL
CountyMonroe
CityKEY COLONY
Zip Code33051
Area17 Vaca Cut Both Sides Holiday Inn | Key Colony
Community NameCay Condo (53.5)
Listing VS Median (in Cay Condo (53.5))
Price:
$635,000
low | high
Med:
$479,000
74.566929133858% of Average
sqft:
1,343
low | high
Med:
1,234
58.116157855547% of Average
$ / sqft:
$473
low | high
Med:
$388
67.903878303705% of Average
On site:
87
low | high
Med:
499
17.434869739479% of Average
Sourced by Back At You

Market Activity 33051

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The data relating to real estate for sale on this web site come s in part from the Internet Data Exchange program of the Marathon and Lower Keys Association of REALTORS®, Inc. MLS. Real Estate listings held by brokerage firms other than Key Colony Beach Realty, Inc. are marked with the MLS logo and detailed information about them includes the name of the listing broker’s office.

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Learn More About This Property

StateFL
CountyMonroe
CityKEY COLONY
Zip Code33051
Area17 Vaca Cut Both Sides Holiday Inn | Key Colony
Community NameCay Condo (53.5)
Listing VS Median (in Cay Condo (53.5))
Price:
$635,000
low | high
Med:
$479,000
74.566929133858% of Average
sqft:
1,343
low | high
Med:
1,234
58.116157855547% of Average
$ / sqft:
$473
low | high
Med:
$388
67.903878303705% of Average
On site:
87
low | high
Med:
499
17.434869739479% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $476K - $793K
sqft: 1,000 - 1,500
Listing Updated: August 6, 2026 at 9:11:13 AM PDT