Date
Details
Price
Change
Source
5/29/2026
Listed
$649,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property 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.
Full Property Details
Full Property Details for 601 W Ocean Dr #316-D
General
- Price: $649,000
- HOA FEE: $2,008/month
- HOA FEE FREQ.: Quarterly
- Taxes: $5,484 (2025)
- Status: Active
- Type: Townhouse
- Source: 927
- MLS ID: 620070
- Updated: 5/31/2026
- Added to Site: 3 day(s) ago
Interior
- Interior Features: Entrance Foyer, Drapes/Blinds Incl, Quartz Countertops, Sky Light(s), Split Bedroom
- Appliances: Stainless Steel Appliance(s), Dishwasher, Dryer, Microwave, Oven, Range, Refrigerator, Washer
- Flooring: Vinyl, Tile, Carpet
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 2
Additional Information
- Shared Amenities: Other Area Features, Manager on Premises, Bike Paths, Beach, Tennis Court(s), Pool
- Pool: Yes
- Pool Description: Concrete, Heated, In Ground, Decked
- Security/Safety: Patrolled Area
Exterior
- Exterior Features: Chickee Hut, Sandy Beach
- Deck/Patio: Open Porch/Balcony
- Porch/Patio/Deck: Open Porch/Balcony
Parking
- Parking Features: Open, Guest, Assigned
Location
- Area: 17 - Vaca Cut - Both Sides Holiday Inn/Key Colony
- County: Monroe
- Subdivision: Cay Condo (53.5)
- Driving Directions: US 1 to Sadowski Causeway. Right on W. Ocean Drive, The Cay is immediately on your left.
Community
- Association: Yes
- Assoc. Fees Include: Bldg Exterior Mnt, Building Insurance, Cable TV, Common Area Mnt, Sewer, Water
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fans(s)
Structural Information
- Architectural Style: Above Flood, Townhouse
- Construction Status: Updated/Remodeled
- Construction: CBS, Concrete
- Roof: Other
- Windows/Doors: Aluminum Windows, Impact Rstnce Doors, Sliding Glass Doors, Shutters
- Square Feet: 1,343
- Sq. Ft. Source: Property Data Card
- Year Built: 1975
- Property Condition: Updated/Remodeled
Unit Information
- Unit Type: Complex
Lot Features
- Property View: Open Water View, Ocean
- Lot Dimensions: x
- Zoning: R-3 - Multi Unit Res
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Desc.: Oceanfront, Open Water
Financial Considerations
- Assoc Fee Freq.: Quarterly
- Maint. Fee: $6,025
- Maint. Fee/Month: $6,025
- Tax Amount: $5,484.49
- Tax Year: 2025
Disclosures and Reports
- Legal Description: APT 316-D THE CAY CONDOMINIUM SHELTER KEY KEY COLONY BEACH
- Flood Zone: AE
- APN: 00078330-003500
Listed by Coldwell Banker Schmitt Real Estate Co., Amy Puto (305) 766-1745
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Listing agent
— 601 W Ocean Dr #316-D —
Amy Puto
Coldwell Banker Schmitt Real Estate Co.
NMLS#: 1598647Get Pre-Approved Today
Price & Sales History for 601 W Ocean Dr #316-D
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601 W Ocean Drive #316-D, Key Colony, FL 33051 (MLS# 620070) is a Townhouse property with 2 bedrooms, 2 full bathrooms and 1 partial bathroom. 601 W Ocean Drive #316-D is currently listed for $649,000 and was received on May 29, 2026. Want to learn more about 601 W Ocean Drive #316-D? Do you have questions about finding other Townhouse real estate for sale in Key Colony? You can browse all Key Colony real estate or contact a Coldwell Banker agent to request more information.