# 601 W Ocean Drive, Key Colony, FL 33051

> **TL;DR:** 2bd/3ba condo, $549,000 ($409/sqft), built 1975, 1,343 sqft.
> Pool, Waterfront, View, A/C. Est. $7,739/mo. Listed 115 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $549,000 |
| Price/sqft | $409 |
| Bedrooms | 2 |
| Bathrooms | 2 full, 1 half |
| Square Feet | 1,343 |
| Year Built | 1975 |
| Stories | 2 |
| Property Type | Condo (Condominium) |
| Status | For Sale |
| Days on Market | 115 |

## Why This Home Stands Out

- **Pool** - Porch
- **Waterfront** - Direct water access
- **Views** - Ocean

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,379 |
| HOA | $5,360 |
| **Total** | **$7,739** |

## Key Amenities

- Pool
- Waterfront
- View
- A/C

## Property Highlights

- Built in 1975
- 2 stories
- Private pool
- Waterfront

## Description

### Agent Description
Escape to paradise in this spacious townhouse style condominium with stunning beach and ocean views, perfectly positioned at The Cay Condos in the heart of Key Colony Beach. Let the sights and sounds of the Atlantic set the tone for relaxed island living as gentle sea breezes and endless blue horizons become part of your everyday backdrop. Offering over 1,300 square feet of thoughtfully designed living space with two bedrooms, two and one half bathrooms, this residence provides ample room to entertain, unwind, and create unforgettable memories with family and friends. The open layout is ideal for gathering after a day on the water or enjoying quiet mornings with coffee overlooking the beach. The Cay is a well established, beachfront community featuring white sandy shoreline, newly refreshed pool completed last year, and on-site management. With a highly desirable 14 day minimum rental policy, this property presents excellent income potential and remains consistently rented throughout the season. The association is meticulously managed and well funded, plus has completed both the Milestone Inspection and SIRS Reserve Study, offering added confidence for long term ownership. Whether you are seeking a serene retirement retreat, a lock and leave vacation getaway, or a proven investment property, this beachside residence delivers the best of coastal living. Enjoy an unbeatable location close to dining, marinas, walking and biking paths, and all the amenities that make Key Colony Beach the true gem of the Florida Keys.

## Location

- **Address:** 601 W Ocean Drive, Key Colony, FL 33051
- **County:** Monroe
- **Neighborhood:** Cay Condo (53.5)
- **Coordinates:** 24.720372, -81.01836
- **Google Maps:** https://www.google.com/maps?q=24.720372,-81.01836

## Listing Agent

- **Name:** Karen D Raspe
- **Brokerage:** Ocean Sotheby's International
- **Phone:** 3053939010
- **Email:** karenraspe@bellsouth.net

## Primary Photo

![601 W Ocean Drive - Primary Photo](http://lh.rdcpix.com/ddadd2ca5a31467c7f699a9b5fc8b013l-f444399830r.jpg)

*50 total photos available on [listing page](https://www.propertysimple.com/listing/601-w-ocean-drive-key-colony-fl-33051-l618507)*

---

**MLS#:** 618507 | **Updated:** 2026-06-17
**Source:** listhub

*Copyright © 2026 Marathon and Lower Keys Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/601-w-ocean-drive-key-colony-fl-33051-l618507)

---

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