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601 W Ocean Drive, Key Colony, FL - photo 1

$585,000

601 W Ocean Drive

Key Colony, FL 33051

Estimated payment $3,533/month

HOA not listed, not included · estimated tax · estimated insurance · 20% down, 6.5%, 30 yr

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2Beds
3Baths
1,343Sq Ft
$436Price/Sq Ft

Preferred partner

Kinsfolk Realty

Kinsfolk Signature Realty

Powered by Hometrino

(813) 602-0498

Highlights

Built in 1975

About This Home

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.

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Facts & features

Bedrooms & bathrooms

  • •Bedrooms:2
  • •Bathrooms:3 (2 full, 1 half)
  • •Full bathrooms:2
  • •Half bathrooms:1

Heating

  • •Has Heating:Yes

Interior area

  • •Total structure area:1,343 sqft
  • •Total interior livable area:1,343 sqft

Parking

  • •Parking features:N/A
  • •Garage spaces:0
  • •Has attached garage:No

Lot

  • •Size:N/A

Details

  • •Parcel number:N/A

Type & style

  • •Home type:Condo/Townhouse
  • •Property subtype:Residential

Materials

  • • N/A

Condition

  • •Year built:1975

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Price history

DateEventPrice
10/30/2026Listed for sale$585,000$436/sqft

Listing Agent

Amy Puto

Coldwell Banker Schmitt Real Estate Co.

Brokerage Phone: 305-743-5181

Source: Florida Keys MLS · MLS #620070

Data Powered by Home Junction, Inc.

Nearby

Dining

Causeway Pizza

0.1 mi

El Molcajete

0.2 mi

cabana jacks

0.3 mi

Parks

Oceanfront Park

1.7 mi

Curry Hammock State Park

1.9 mi

Beaches

Coca Plum Beach

1.2 mi

Campground Beach

2.7 mi

Public Beach

2.8 mi

Nearby amenity locations include data © OpenStreetMap contributors.