601 W Ocean Drive 410, Key Colony, FL 33051

$549,000
Property Type: Residential Bedrooms: 2 Baths: 3 Square Footage: 1,343 Status: Active
Current Price: $549,000 List Date: 2/06/2026 Last Modified: 2/06/2026

Description

Escape to paradise in this spacious townhouse style condominium with stunning beach and ocean views, perfectly positioned at The Cay Condos in the heart of Key Colony Beach. Let the sights and sounds of the Atlantic set the tone for relaxed island living as gentle sea breezes and endless blue horizons become part of your everyday backdrop. Offering over 1,300 square feet of thoughtfully designed living space with two bedrooms, two and one half bathrooms, this residence provides ample room to entertain, unwind, and create unforgettable memories with family and friends. The open layout is ideal for gathering after a day on the water or enjoying quiet mornings with coffee overlooking the beach. The Cay is a well established, beachfront community featuring white sandy shoreline, newly refreshed pool completed last year, and on-site management. With a highly desirable 14 day minimum rental policy, this property presents excellent income potential and remains consistently rented throughout the season. The association is meticulously managed and well funded, plus has completed both the Milestone Inspection and SIRS Reserve Study, offering added confidence for long term ownership. Whether you are seeking a serene retirement retreat, a lock and leave vacation getaway, or a proven investment property, this beachside residence delivers the best of coastal living. Enjoy an unbeatable location close to dining, marinas, walking and biking paths, and all the amenities that make Key Colony Beach the true gem of the Florida Keys.

More Information MLS# 618507

Contract Information

Current Price: $549,000 Listing Date: 2026-02-06 Listing Board: Marathon/Lower Keys List Price: $549,000 As is Rght to Inspct: Yes Species List: No

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 Total Units: 50 Lot Sqft Source: Property Data Card Living Apx SqFt: 1343 SqFt Source: Property Data Card Total Bedrooms: 2 Full Baths: 2 Half Baths: 1 Total Baths: 3 Rentals Allowed: Yes Min Rental Days: 14

Status Change Info

Status: Active

Association Info

Mandatory Home Owners Asc: Yes 1st Right of Refusal: No Association Fee $: 5360 Assoc/Mnt Fee Per: Quarterly

Building Style

Above Flood: Yes Stories: 2 Stories

Pool Info

Heated: Yes

Financial Status

Standard Sale: Yes

Property Features

Fee Includes: Bldg Exterior Mnt; Building Insurance; Cable; Common Area Mnt; Exterminating; Sewer; Water Tax Exemptions: None Waterfront: Oceanfront Waterview: Ocean View Dockage: None Property Condition: Updated/Remodeled Building Style: Townhouse Vehicle Storage: Assigned Parking; Guest Parking Furnished: Furnished; Negotiable Cooling: Ceiling Fans(s); Central Air Utilities: Buyer to Verify; Cable Available; Community Swr Plant; FKAA Interior Features: Smoke Alarms; Window Treatments Pre-Wired: Cable Appliances: Dishwasher; Dryer; Microwave; Oven; Range; Refrigerator; Washer Exterior Features: Chickee Hut; Outdoor Shower; Sandy Beach Pool Info: In Ground; Concrete; Decked Construction: CBS Shutters: Accordion Floor: Carpet; Tile Roof: Other Roof Pets: No Pets Allowed Neighborhood Feature: Airstrip; Beach; Bike Paths; Manager on Premises; Tennis Courts Security: Patrolled Area Land Size: Less Than 1/4 Acre Title: Title Ins - Buyer
Listing Office: Ocean Sotheby's International Realty
Last Updated: February - 06 - 2026
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