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601 W Ocean Drive 407C, Key Colony, FL 33051

$625,000
Property Type: Residential Bedrooms: 2 Baths: 3 Square Footage: 1,475 Status: Active
Current Price: $625,000 List Date: 11/20/2025 Last Modified: 12/17/2025

Description

Spacious and thoughtfully updated, this two-story condo offers the largest floorplan in the community, its wider layout creating a natural sense of ease from the moment you step inside. The interiors pair clean, modern finishes with a light, coastal palette—an elevated take on beachside living that feels sophisticated yet relaxed. The result is a cohesive, move-in-ready atmosphere that immediately feels like home. The main level opens to an expanded terrace, where courtyard and pool views set a calm backdrop for everyday living. The flow between the living, dining, and kitchen areas feels welcoming—equally suited for quiet mornings or relaxed evenings with friends. Upstairs, both bedrooms offer their own retreat-like feel. Wake to courtyard views in the primary suite or step onto the guest bedroom's private terrace for a peaceful start to the day. With each bedroom featuring its own bath, the upper level provides comfort, privacy, and room to unwind. Set within an oceanfront community with a white sand beach, oceanside deck, and community room—and centrally located in Key Colony Beach with its walkable streets and relaxed island energy—this condo invites you to experience an effortless Keys lifestyle in a beautifully maintained setting.

Open Houses

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

More Information MLS# 617388

Contract Information

Listing Board: Marathon/Lower Keys As is Rght to Inspct: Yes Current Price: $625,000 Listing Date: 2025-11-20 List Price: $625,000

Location, Tax & Legal

Unit #: 407C City: KEY COLONY Off Shore Island: No Mile Marker: 53.5 Marathon Neighborhood: Marathon East - Gulf (Airport to Vaca) Side: Ocean Flood Zone: AE,AE Alternate Key #: 1084506 Parcel #: 00078330-004300 Zoning: R-3 - Multi Unit Res Deed Restrictions: Unknown Legal: APARTMENT 407C THE CAY CONDOMINIUM SHELTER KEY KEY COLONY BEACH OR534-114 OR663-632/33 OR768-1411 OR1354-809 OR2074-1289 Taxes: 4836.61 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: Residential - Condo/Townhouse Waterfront: Yes Control Depth: 0 Lot SqFt: 0 Unit/Complex: Complex 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: 1475 Total Bedrooms: 2 Full Baths: 2 Half Baths: 1 Total Baths: 3

Remarks & Misc

Remarks – Consumer: Spacious and thoughtfully updated, this two-story condo offers the largest floorplan in the community, its wider layout creating a natural sense of ease from the moment you step inside. The interiors pair clean, modern finishes with a light, coastal palette—an elevated take on beachside living that feels sophisticated yet relaxed. The result is a cohesive, move-in-ready atmosphere that immediately feels like home. The main level opens to an expanded terrace, where courtyard and pool views set a calm backdrop for everyday living. The flow between the living, dining, and kitchen areas feels welcoming—equally suited for quiet mornings or relaxed evenings with friends. Upstairs, both bedrooms offer their own retreat-like feel. Wake to courtyard views in the primary suite or step onto the guest bedroom's private terrace for a peaceful start to the day. With each bedroom featuring its own bath, the upper level provides comfort, privacy, and room to unwind. Set within an oceanfront community with a white sand beach, oceanside deck, and community room—and centrally located in Key Colony Beach with its walkable streets and relaxed island energy—this condo invites you to experience an effortless Keys lifestyle in a beautifully maintained setting. 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/east side of complex.

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 Dryer: 1 Microwave: 1 Range: 1 Refrigerator: 1 Stainless Steel Appliance(s): 1 Washer: 1 Wine Cooler: 1

Pets

No Pets Allowed: 1

Cooling

Central Air: 1

Waterfront

Oceanfront: 1

Waterview

No Waterview: 1

Floor

Carpet: 1 Tile: 1

Neighborhood Feature

Airstrip: 1 Beach: 1 Bike Paths: 1 Clubhouse: 1 Manager on Premises: 1 Tennis Courts: 1

Interior Features

Entrance Foyer: 1 Granite Counter Top: 1 Window Treatments: 1

Property Condition

Updated/Remodeled: 1

Building Style

Above Flood: Unknown

Windows/Doors

Impact Rstnce Doors: 1 Impact Rstnce Window: 1

Vehicle Storage

Guest Parking: 1 Assigned Parking: 1 Off Street 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

Porch/Balcony

Open Porch/Balcony: 1

Title

Negotiable: 1

Exterior Features

Chickee Hut: 1 Sandy Beach: 1

Pool Info

In Ground: 1

Financial Status

Standard Sale: Yes

Accessibility Feat

None: 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 Waterview: No Waterview Dockage: None Property Condition: Updated/Remodeled Vehicle Storage: Assigned Parking; Guest Parking; Off Street Parking Furnished: Furnished Cooling: Central Air Utilities: Buyer to Verify Interior Features: Entrance Foyer; Granite Counter Top; Window Treatments Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Stainless Steel Appliance(s); Washer; Wine Cooler Exterior Features: Chickee Hut; Sandy Beach Accessibility Feat: None Pool Info: In Ground Construction: CBS Floor: Carpet; Tile Pets: No Pets Allowed Neighborhood Feature: Airstrip; Beach; Bike Paths; Clubhouse; Manager on Premises; Tennis Courts Security: Patrolled Area Land Size: 2 Less Than 5 Acres Terms: Cash; Conventional; FHA; VA Title: Negotiable
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.