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$489,000
601 W Ocean Drive 312D
Key Colony, FL 33051
MLS# 620619
2 beds  |  3 baths  |  1343 sqft


The Pool
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The Pool The Cay Beach The Private Beach The Grounds The Balcony The Grounds Stairway living area living living balcony dining dining area kitchen kitchen kitchen 2nd Floor bath 2nd Floor 2nd Floor Primary Bedroom Primary Bathroom 2nd Bedroom guest bath 2nd Bathroom The Beach and Grounds The Grounds and Pool Ariel View Ariel View Ariel View Floor Plan The Cay 312D

Property Description
Discover breathtaking views from this stunning 2-story beach condo in The Cay, your private oceanfront community on Key Colony Beach. Nestled in a beautifully manicured, lushly landscaped courtyard, this well-maintained unit offers the perfect blend of luxury and low maintenance island living. Step inside to find a spacious living area with a convenient half bath on the first floor. Upstairs, enjoy two full bathrooms, including a private master bath in the large master bedroom. The generously sized second bedroom features its own balcony and accordion hurricane shutters. Natural light floods the interior, creating an open, inviting space ideal for relaxing or entertaining guests. Outside, an amazing terrace overlooks the sparkling pool, tropical gardens, and the Atlantic ocean beyond. Dine al fresco on your private balcony while taking in the stunning grounds of The Cay. This extraordinary property provides private white sandy beach access right outside your door, plus a refreshing pool for ultimate relaxation. With a 14-day minimum rental period, this condo has excellent investment potential in one of the Florida Keys' most desirable locations. Bonus Key Colony Beach lifestyle - Enjoy your own stretch of pristine white sandy beach and the convenience of walking to restaurants, the marina, the par 3 golf course, and Sunset Park. This is coastal living at its finest - schedule your private showing today before it's gone!

Details
Maps
Contract Information
Listing Board: Marathon/Lower Keys
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
Current Price: $489,000
Listing Date: 2026-07-13
List Price: $489,000
Location, Tax & Legal
Unit #: 312D
City: KEY COLONY
Mile Marker: 53.5
Marathon Neighborhood: N/A
Side: Ocean
Flood Zone: AE, VE
Alternate Key #: 1084387
Handicap Access: No
Parcel #: 00078330-003100
Zoning: R-3 - Multi Unit Res
Deed Restrictions: Yes
Legal: APARTMENT 312-D THE CAY CONDOMINIUM SHELTER KEY KEY COLONY BEACH
Taxes: 4836.19
Tax Year: 2025
Pub Sewer HkUp: Yes
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
Waterfront: Yes
Control Depth: 0
Lot Size: X
Lot SqFt: 0
Unit/Complex: Complex
Pool: Yes
Lot Sqft Source: Property Data Card
SqFt Source: Property Data Card
Rentals Allowed: With Restrictions
Min Rental Days: 14
Floor Number: 2
Style: Condo
Year Built: 1975
Living Apx SqFt: 1343
Total Bedrooms: 2
Full Baths: 2
Half Baths: 1
Total Baths: 3
Remarks & Misc
Remarks – Consumer: Discover breathtaking views from this stunning 2-story beach condo in The Cay, your private oceanfront community on Key Colony Beach. Nestled in a beautifully manicured, lushly landscaped courtyard, this well-maintained unit offers the perfect blend of luxury and low maintenance island living. Step inside to find a spacious living area with a convenient half bath on the first floor. Upstairs, enjoy two full bathrooms, including a private master bath in the large master bedroom. The generously sized second bedroom features its own balcony and accordion hurricane shutters. Natural light floods the interior, creating an open, inviting space ideal for relaxing or entertaining guests. Outside, an amazing terrace overlooks the sparkling pool, tropical gardens, and the Atlantic ocean beyond. Dine al fresco on your private balcony while taking in the stunning grounds of The Cay. This extraordinary property provides private white sandy beach access right outside your door, plus a refreshing pool for ultimate relaxation. With a 14-day minimum rental period, this condo has excellent investment potential in one of the Florida Keys' most desirable locations. Bonus Key Colony Beach lifestyle - Enjoy your own stretch of pristine white sandy beach and the convenience of walking to restaurants, the marina, the par 3 golf course, and Sunset Park. This is coastal living at its finest - schedule your private showing today before it's gone!
Directions: US1 to Key Colony Beach at Sadowski Causeway (Mile Marker 53). Follow the road to W Ocean Drive. Enter into the Cay entrance.
Association Info
Mandatory Home Owners Asc: Yes
1st Right of Refusal: No
Assoc Approval Req: Yes
Association Fee $: 6025
Assoc/Mnt Fee Per: Quarterly
Fee Includes
Bldg Exterior Mnt: 1
Building Insurance: 1
Cable: 1
Common Area Mnt: 1
Water: 1
Dockage
None: 1
Tax Exemptions
None: 1
Appliances
Dryer: 1
Microwave: 1
Range: 1
Refrigerator: 1
Washer: 1
Pets
No Pets Allowed: 1
Cooling
Ceiling Fans(s): 1
Central Air: 1
Waterfront
Oceanfront: 1
Waterview
Ocean View: 1
Floor
Carpet: 1
Tile: 1
Neighborhood Feature
Beach: 1
Bike Paths: 1
Community Pool: 1
Tennis Courts: 1
Interior Features
Cathedral Ceilings: 1
Storage: 1
Window Treatments: 1
Property Condition
Updated/Remodeled: 1
Building Style
Above Flood: Unknown
Stories: 2 Stories
Windows/Doors
Aluminum Windows: 1
Other Windows/Doors: 1
Sliding Glass Doors: 1
Vehicle Storage
Open Parking: 1
Security
Patrolled Area: 1
Construction
CBS: 1
Concrete: 1
Land Size
2 Less Than 5 Acres: 1
Furnished
Negotiable: 1
Terms
Cash: 1
Conventional: 1
No Seller Finance: 1
Utilities
Buyer to Verify: 1
Elect Separate Meter: 1
FKAA: 1
Municipal Sewer: 1
Porch/Balcony
Open Porch/Balcony: 1
Title
Title Ins - Buyer: 1
Exterior Features
Chickee Hut: 1
Sandy Beach: 1
Pool Info
In Ground: 1
Heated: Yes
Concrete: 1
Decked: 1
Pre-Wired
Cable: 1
Roof
Other Roof: 1
Financial Status
Auction: No
Bank Owned: No
Potential Short Sale: No
Standard Sale: Yes
Shutters
Accordion: 1
Status Change Info
Status: Active
Property Features
Fee Includes: Bldg Exterior Mnt; Building Insurance; Cable; Common Area Mnt; Water
Tax Exemptions: None
Waterfront: Oceanfront
Waterview: Ocean View
Dockage: None
Property Condition: Updated/Remodeled
Vehicle Storage: Open Parking
Furnished: Negotiable
Cooling: Ceiling Fans(s); Central Air
Utilities: Buyer to Verify; Elect Separate Meter; FKAA; Municipal Sewer
Interior Features: Cathedral Ceilings; Storage; Window Treatments
Pre-Wired: Cable
Appliances: Dryer; Microwave; Range; Refrigerator; Washer
Exterior Features: Chickee Hut; Sandy Beach
Pool Info: In Ground; Concrete; Decked
Construction: CBS; Concrete
Shutters: Accordion
Floor: Carpet; Tile
Roof: Other Roof
Pets: No Pets Allowed
Neighborhood Feature: Beach; Bike Paths; Community Pool; Tennis Courts
Security: Patrolled Area
Land Size: 2 Less Than 5 Acres
Terms: Cash; Conventional; No Seller Finance
Title: Title Ins - Buyer

Listing Office: Florida Keys Real Estate Group

Last Updated: July - 13 - 2026

The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.