601 W Ocean Drive 414D, Key Colony, FL 33051

$595,000
Property Type: Residential Bedrooms: 2 Baths: 3 Square Footage: 1,343 Status: Active
Current Price: $595,000 List Date: 7/21/2025 Last Modified: 12/17/2025

Description

Beautiful open water views and ocean breezes set the tone for this spacious 2-bedroom, 2.5-bath townhome-style condo. Just two units in from the beach, the setting offers an enviable blend of proximity and privacy. The kitchen is nicely sized with ample cabinet and countertop space, while the generous living and dining areas open to a private balcony with a stunning oceanfront backdrop—perfect for taking in the salty air and shifting water colors. Upstairs, the oversized primary suite includes an updated en-suite bath, while the guest bedroom features its own private balcony and access to a full hall bath. A convenient half bath is located on the main level. The community is centered around a delightful tropically landscaped courtyard with a large pool and features a private sandy beach, oceanfront clubhouse with an expansive deck, and a calendar of relaxed social events. With full-time onsite management and 14-day rentals permitted, this residence offers comfort, flexibility, and island living—with views and breezes that are hard to match.

Open Houses

Sunday, December 21, 11:00 am - 1:00 pm

More Information MLS# 615235

Contract Information

Listing Board: Marathon/Lower Keys As is Rght to Inspct: Yes Species List: No Current Price: $595,000 Listing Date: 2025-05-29 List Price: $595,000

Location, Tax & Legal

Unit #: 414D City: KEY COLONY Off Shore Island: No Mile Marker: 53.5 Marathon Neighborhood: N/A Side: Ocean Flood Zone: AE,AE,AE,AE,VE Alternate Key #: 1084573 Handicap Access: No Parcel #: 00078330-005000 Zoning: R-3 - Multi Unit Res Deed Restrictions: Unknown Legal: APT 414 D THE CAY CONDOMINIUM SHELTER KEY KEY COLONY BEACH APARTMENT OR567-189 OR569-81 OR2668-2166 OR2867-1061/62 OR298 Taxes: 6143.49 Tax Year: 2024 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: Multi-family Waterfront: Yes Control Depth: 0 Lot Size: 0 Lot SqFt: 0 Unit/Complex: Unit Pool: Yes Total Units: 50 SqFt Source: Property Data Card Rentals Allowed: Yes 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: Beautiful open water views and ocean breezes set the tone for this spacious 2-bedroom, 2.5-bath townhome-style condo. Just two units in from the beach, the setting offers an enviable blend of proximity and privacy. The kitchen is nicely sized with ample cabinet and countertop space, while the generous living and dining areas open to a private balcony with a stunning oceanfront backdrop—perfect for taking in the salty air and shifting water colors. Upstairs, the oversized primary suite includes an updated en-suite bath, while the guest bedroom features its own private balcony and access to a full hall bath. A convenient half bath is located on the main level. The community is centered around a delightful tropically landscaped courtyard with a large pool and features a private sandy beach, oceanfront clubhouse with an expansive deck, and a calendar of relaxed social events. With full-time onsite management and 14-day rentals permitted, this residence offers comfort, flexibility, and island living—with views and breezes that are hard to match. Directions: Overseas Hwy/MM 53.5, turn at Sadowski Causeway; to W. Ocean Dr, turn right; The Cay will be immediately on left. Unit located on left side of complex, 3rd unit in from waterfront.

Association Info

Mandatory Home Owners Asc: Yes 1st Right of Refusal: No Association Fee $: 5360 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 Disposal: 1 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 Open Water: 1

Waterview

Ocean View: 1 Open Water View: 1

Floor

Carpet: 1 Tile: 1

Neighborhood Feature

Beach: 1 Manager on Premises: 1

Interior Features

Entrance Foyer: 1 Granite Counter Top: 1 Split Bedroom: 1 Storage: 1 Window Treatments: 1

Building Style

Above Flood: Unknown Stories: 2 Stories

Windows/Doors

Aluminum Windows: 1 Double Hung Windows: 1 Single Hung Windows: 1 Sliding Glass Doors: 1

Vehicle Storage

Guest Parking: 1 Assigned Parking: 1

Security

Patrolled Area: 1

Construction

CBS: 1

Land Size

2 Less Than 5 Acres: 1

Furnished

Furnished: 1

Terms

Cash: 1 Conventional: 1 FHA: 1 VA: 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 Tennis Court(s): 1

Pool Info

In Ground: 1 Heated: Yes Decked: 1

Pre-Wired

Cable: 1

Financial Status

Standard Sale: Yes

Accessibility Feat

None: 1

Shutters

Accordion: 1

Status Change Info

Contingent: None 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 Vehicle Storage: Assigned Parking; Guest Parking Furnished: Furnished Cooling: Ceiling Fans(s); Central Air Utilities: Buyer to Verify; Elect Separate Meter; FKAA; Municipal Sewer Interior Features: Entrance Foyer; Granite Counter Top; Split Bedroom; Storage; Window Treatments Pre-Wired: Cable Appliances: Dishwasher; Disposal; Dryer; Microwave; Range; Refrigerator; Washer Exterior Features: Chickee Hut; Sandy Beach; Tennis Court(s) Accessibility Feat: None Pool Info: In Ground; Decked Construction: CBS Shutters: Accordion Floor: Carpet; Tile Pets: No Pets Allowed Neighborhood Feature: Beach; Manager on Premises Security: Patrolled Area Land Size: 2 Less Than 5 Acres Terms: Cash; Conventional; FHA; VA Title: Title Ins - Buyer
Listing Office: Berkshire Hathaway HomeServices Keys Real Estate
Last Updated: December - 17 - 2025
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.