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$649,000
Key Colony, FL 33051
MLS# 620070
2 beds | 3 baths | 1343 sqft
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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, the guest bedroom, and the primary suite--plus bonus sunset views from the guest 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
Maps
Contract Information
Listing Board: Marathon/Lower Keys
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
Species List: Yes
Current Price: $649,000
Listing Date: 2026-05-29
List Price: $649,000
Location, Tax & Legal
Unit #: 316-D
City: KEY COLONY
Off Shore Island: No
Mile Marker: 53.5
Marathon Neighborhood: N/A
Senior Community YN: No
Side: Ocean
Flood Zone: AE
Alternate Key #: 1084425
Parcel #: 00078330-003500
Zoning: R-3 - Multi Unit Res
Deed Restrictions: Yes
Legal: APT 316-D THE CAY CONDOMINIUM SHELTER KEY KEY COLONY BEACH
Taxes: 5484.49
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: 2
Lot Size: X
Lot SqFt: 0
Unit/Complex: Complex
Pool: Yes
Total Units: 0
SqFt Source: Property Data Card
Rentals Allowed: With Restrictions
Min Rental Days: 14
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: 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, the guest bedroom, and the primary suite--plus bonus sunset views from the guest 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.
Directions: US 1 to Sadowski Causeway. Right on W. Ocean Drive, The Cay is immediately on your left.
Association Info
Mandatory Home Owners Asc: Yes
1st Right of Refusal: No
Association Fee $: 0
Maintenance Fee $: 6025
Assoc/Mnt Fee Per: Quarterly
Fee Includes
Bldg Exterior Mnt: 1
Building Insurance: 1
Cable: 1
Common Area Mnt: 1
Sewer: 1
Water: 1
Dockage
None: 1
Tax Exemptions
None: 1
Appliances
Dishwasher: 1
Dryer: 1
Microwave: 1
Oven: 1
Range: 1
Refrigerator: 1
Stainless Steel Appliance(s): 1
Washer: 1
Pets
No Pets Allowed: 1
Cooling
Ceiling Fans(s): 1
Central Air: 1
Waterfront
Oceanfront: 1
Open Water: 1
Waterview
Ocean View: 1
Open Water View: 1
Floor
Carpet: 1
Tile: 1
Vinyl: 1
Neighborhood Feature
Beach: 1
Bike Paths: 1
Community Pool: 1
Manager on Premises: 1
Tennis Courts: 1
Other Area Features: 1
Interior Features
Drapes/Blinds Incl: 1
Entrance Foyer: 1
Quartz Countertops: 1
Sky Light(s): 1
Split Bedroom: 1
Property Condition
Updated/Remodeled: 1
Building Style
Above Flood: Unknown
Stories: 2 Stories
Townhouse: 1
Windows/Doors
Aluminum Windows: 1
Impact Rstnce Doors: 1
Sliding Glass Doors: 1
Vehicle Storage
Guest Parking: 1
Open Parking: 1
Assigned Parking: 1
Security
Patrolled Area: 1
Construction
CBS: 1
Concrete: 1
Land Size
2 Less Than 5 Acres: 1
Furnished
Furnished: 1
Terms
Cash: 1
Conventional: 1
No Seller Finance: 1
Utilities
Buyer to Verify: 1
Cable Available: 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
Roof
Other Roof: 1
Financial Status
Bank Owned: No
Potential Short Sale: No
Shutters
Accordion: 1
Status Change Info
Status: Active
Property Features
Fee Includes: Bldg Exterior Mnt; Building Insurance; Cable; Common Area Mnt; Sewer; Water
Tax Exemptions: None
Waterfront: Oceanfront; Open Water
Waterview: Ocean View; Open Water View
Dockage: None
Property Condition: Updated/Remodeled
Building Style: Townhouse
Vehicle Storage: Assigned Parking; Guest Parking; Open Parking
Furnished: Furnished
Cooling: Ceiling Fans(s); Central Air
Utilities: Buyer to Verify; Cable Available; Elect Separate Meter; FKAA; Municipal Sewer
Interior Features: Drapes/Blinds Incl; Entrance Foyer; Quartz Countertops; Sky Light(s); Split Bedroom
Appliances: Dishwasher; Dryer; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer
Exterior Features: Chickee Hut; Sandy Beach
Pool Info: In Ground; Concrete; Decked
Construction: CBS; Concrete
Shutters: Accordion
Floor: Carpet; Tile; Vinyl
Roof: Other Roof
Pets: No Pets Allowed
Neighborhood Feature: Beach; Bike Paths; Community Pool; Manager on Premises; Tennis Courts; Other Area Features
Security: Patrolled Area
Land Size: 2 Less Than 5 Acres
Terms: Cash; Conventional; No Seller Finance
Title: Title Ins - Buyer
Listing Office: Coldwell Banker Schmitt Real Estate Co.
Last Updated: May - 29 - 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.