Back to Search
1 / 25
25 photos
+20
601 W Ocean Drive 316-D
Key Colony, FL, 33051
Active$649,000
601 W Ocean Drive 316-D
Key Colony, FL, 33051
Active$649,000
2
Bedrooms
3
Bathrooms
1,343 sqft
Living Area
1975
Year Built
Key Colony, FL, 33051
Active$649,000
Key Colony, FL, 33051
Active$649,000
2
Bedrooms
3
Bathrooms
1,343 sqft
Living Area
1975
Year Built
53
Days on Market
Data sources: SFWMD AHED waterway polygons · FHWA National Bridge Inventory 2024 · Not provided by the MLS or listing broker.
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 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.
See the property and tour the dock. A licensed waterfront specialist will arrange your private showing.
Select a date
Key Colony, FL, 33051
Displayed by Blue Mar Real Estate Group Inc., Licensed Florida Real Estate Broker (DBPR CQ1018554) · [email protected]
Listing courtesy of Coldwell Banker Schmitt Real Estate Co. via Florida Keys MLS
Last updated: 7/21/2026
© 2026 Florida Keys Board of REALTORS®, Inc. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) program of the Florida Keys Board of REALTORS®. Information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.
IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Nearest Bridge Clearances
Florida Keys, critical for tall/large vessels
Estimate your monthly payment for this waterfront property
$129,800 down
Estimated payments only. Actual rates and terms may vary.
$640,000200 Harborview Drive 101
Key Largo, FL
Courtesy of Realty ONE Group Destination (ISL) via Florida Keys MLS
$739,000500 Burton Drive 4206
Key Largo, FL
Courtesy of American Caribbean Real Estate, Christie's International Real Estate via Florida Keys MLS
$520,000135 Coco Plum Drive APT 3B
Marathon, FL
Courtesy of Seafarer Realty LLC via Florida Keys MLS
$489,000601 W Ocean Drive 312D
Key Colony, FL
Courtesy of Florida Keys Real Estate Group via Florida Keys MLS
$729,00088540 Overseas Highway 605
Plantation Key, FL
Courtesy of S.J. Kingma & Associates via Florida Keys MLS
$699,000500 Burton Drive 2409
Key Largo, FL
Courtesy of Coldwell Banker Schmitt Key Largo via Florida Keys MLS