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2 Beds
3 Baths
1,343 sqft

$585,000

601 W Ocean Drive 316-D, Key Colony FL, 33051

Price per sqft$435.59
Built in1975
Property size1,343 sqft
Property typeCondominium

Overview

Active

Listed Jul 21, 2026

Updated 4 weeks ago

Oceanfront Paradise Awaits at The Cay! 50K Price Reduction - Priced to Sell! 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.

$3,892/mo

Est. mortgage payment based on a $585,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
620070

Interior Features

Bedrooms
2
Bathrooms
3
Cooling
Yes
Basement
No

Other Property Details

Taxes
$5,484
Tax Frequency
Annually
Association Fee Frequency
Quarterly
Maintenance Expense
$6,025
View
Yes
Pool
Yes
Waterfront
Yes
55+/Senior Community
No
MLS provider logo

Listed by Amy Puto with Coldwell Banker Schmitt Real Estate Co.
Listing Contact: 305-766-1745 

The IDX display contains information sourced from the Florida Keys Board of REALTORS® as of 9/11/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2026 Florida Keys Board of REALTORS® all rights reserved.

Data last updated on 9/11/2026 at 2:05 AM UTC

 

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