$539,000
$60K PRICE DROP

601 W Ocean Dr Unit 203A Key Colony Beach, FL 33051

Estimated payment $5,183/month

Total Views 5,180
2 Beds
2 Baths
1,234 Sq Ft
$437 Price per Sq Ft

Highlights

  • Ocean Front
  • Heated Pool
  • Tennis Courts
  • Coral Shores High School Rated A
  • Furnished
  • Walk-In Closet

About This Home

We're thrilled to share some exciting news, a fantastic price improvement just in time for your summer vacation! Nestled right between Key Largo and Key West, you'll discover a lovely condo association with a gorgeous beach and inviting turquoise waters--perfect for your getaway!This charming ground-level condo features two cozy bedrooms and two bathrooms, offering a wonderful spot that's close enough to the fun of Key West and Key Largo while still being a peaceful retreat where you can relax and unwind.

Listing Agent

Jeannine Cook

Rook Realty LLC License #3243817 Listed on: 04/04/2025

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,040

Year Built

  • Built in 1975

Lot Details

  • Ocean Front

HOA Fees

  • $1,786 Monthly HOA Fees

Property Views

  • Ocean
  • Garden
  • Pool

Interior Spaces

  • 1,234 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Ceiling Fan
  • Combination Kitchen and Dining Room
  • Tile Flooring

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Washer and Dryer

Parking

  • Guest Parking
  • Assigned Parking

Outdoor Features

  • Heated Pool
  • Patio

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 00078330001500

Community Details

Overview

  • Association fees include management, common areas, insurance, ground maintenance, parking, pool(s)
  • Cay Condominium Subdivision

Recreation

  • Tennis Courts
  • Community Pool

Security

  • Security Guard
  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,040

Year Built

Built in 1975

Lot Details

0

HOA Fees

$1,786 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Directions: Overseas Hwy (US1) to MM53.5 (Mile Marker 53.50) tun on Sadowski Causeway, drive to the end and The Cay Condo complex is on your right.
  • Year Built: 1975
  • Entry Level: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Kitchen/Dining Combo, Tub Shower, Walk-In Closet(s)
  • Furnished: Furnished
  • Appliances: Dryer, Dishwasher, Electric Range, Microwave, Refrigerator, Washer/Dryer, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Tile
  • Living Area: 1234.0
  • Dining Room Type: Laundry
  • Stories: 2

Exterior Features

  • Exterior Features: Patio
  • View: Garden, Ocean, Pool
  • Lot Features: < 1/4 Acre
  • Pool Features: Heated, None, Association, Community
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: Yes
  • Construction Type: Block
  • Patio And Porch Features: Patio
  • Property Condition: Resale

Garage/Parking

  • Garage Yn: No
  • Parking Features: Assigned, Guest

Utilities

  • Security: Security Guard
  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 1786.0
  • Community Features: Non-Gated, Property Manager On-Site, Pool, Tennis Court(s)
  • Senior Community: No
  • Amenities: Management, Pool, Tennis Court(s)
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: No

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Insurance, Maintenance Grounds, Parking, Pool(s)

Lot Info

  • Parcel #: 00078330001500
  • Lot Size: < 1/4 Acre
  • Lot Size Sq Ft: 134826.0
  • Zoning Description: Multi Un
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 5040.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,810 $544,706 -- $544,706
2023 $4,810 $570,772 $0 $570,772
2022 $3,909 $356,108 $0 $356,108
2021 $3,746 $326,975 $0 $326,975
2020 $3,347 $298,024 $0 $298,024
2019 $3,422 $305,906 $0 $305,906
2018 $3,145 $289,362 $0 $0
2017 $2,371 $252,732 $0 $0
2016 $2,406 $247,534 $0 $0
2015 $2,379 $245,813 $0 $0
2014 $1,759 $182,700 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2025 05/28/25 Price Changed $539,000 -6.3% $437 / Sq Ft
05/06/2025 05/06/25 Price Changed $575,000 -4.0% $466 / Sq Ft
04/12/2025 04/12/25 For Sale $599,000 +62.8% $485 / Sq Ft
05/09/2018 05/09/18 Sold $368,000 -10.2% $294 / Sq Ft
03/12/2018 03/12/18 Pending -- -- --
03/13/2017 03/13/17 For Sale $409,900 +32.2% $328 / Sq Ft
06/30/2014 06/30/14 Sold $310,000 -8.6% $251 / Sq Ft
05/12/2014 05/12/14 Pending -- -- --
03/20/2014 03/20/14 For Sale $339,000 -- $275 / Sq Ft
Source: BeachesMLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $368,000 None Listed On Document
Warranty Deed $368,000 None Listed On Document
Warranty Deed $310,000 Attorney
Warranty Deed $166,000 --
Deed $64,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $260,000 New Conventional
Closed $260,000 New Conventional
Previous Owner $324,000 Fannie Mae Freddie Mac
Previous Owner $50,000 Credit Line Revolving
Previous Owner $160,000 Credit Line Revolving
Previous Owner $50,000 Credit Line Revolving
Previous Owner $100,000 Unknown
Source: Public Records

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Source: BeachesMLS

MLS Number: R11078483

BeachesMLS

APN: 00078330-001500