$520,000
SOLD MAY 1, 2025

601 W Ocean Dr Unit 301A Key Colony Beach, FL 33051

2 Beds
2 Baths
1,234 Sq Ft
$1,787/mo HOA Fee

Recently Sold

$421 Per Sq Ft

7% Below List Price

147 Days on Market

Highlights

  • Ocean Front
  • Beach
  • Concrete Pool
  • Coral Shores High School Rated A
  • Sandy Beach
  • Fruit Trees

About This Home

As of May 2025

Welcome to the Cay Condos. This spacious condo offers two bedrooms, two full bathrooms, kitchen that is open to the open living and dining areas. Best of all enjoy the ease of access with the ground level location and walk directly out to the manicured grounds just steps from sandy beach or the swimming pool and the unit windows have been updating making it rental ready for when you are not using it. The Cay offers lush tropical grounds, over 250' of sandy oceanfront beach, heated swimming pool, common room, off street parking and walking distance to all that Key Colony Beach has to offer. Call today to see this well appointed condo on the friendliest walking community island in the Keys.

Last Agent to Sell the Property

Lynn Lucas

Berkshire Hathaway HomeServices Keys Real Estate License #653995 Listed on: 11/05/2024

Berkshire Hathaway HomeServices Keys Real Estate

Last Buyer's Agent

Lynn Lucas

Berkshire Hathaway HomeServices Keys Real Estate License #653995 Listed on: 11/05/2024

Berkshire Hathaway HomeServices Keys Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,778

Year Built

  • Built in 1975 | Remodeled

Lot Details

  • Ocean Front
  • Sandy Beach
  • Fenced
  • Sprinkler System
  • Fruit Trees

HOA Fees

  • $1,787 Monthly HOA Fees

Home Design

  • Pre-Cast Concrete Construction

Interior Spaces

  • 1,234 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Blinds
  • Sliding Doors
  • Storage
  • Tile Flooring

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • Guest Parking
  • Open Parking
  • Assigned Parking

Accessible Home Design

  • Accessible Parking

Outdoor Features

  • Concrete Pool
  • Patio
  • Tiki or Chickee Hut
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Minimum Rental Period: 14

Community Details

Overview

  • Association fees include cable, common area mnt, building insurance, bldg exterior mnt, water, sewer
  • Cay Condo Subdivision
  • The community has rules related to deed restrictions
  • Rental Restrictions

Amenities

  • Clubhouse

Recreation

  • Beach
  • Bike Trail

Pet Policy

  • No Pets Allowed

Security

  • Resident Manager or Management On Site
  • Complete Accordion Shutters
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,778

Year Built

Built in 1975 | Remodeled

Lot Details

0

HOA Fees

$1,787 per month

Listing Details

  • Property Type: Residential
  • Style: Condo
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Fee: 5360.00
  • Mandatory HOA: Yes
  • Control Depth: 2
  • Fee Includes: Cable, Other, Common Area Mnt, Building Insurance, Bldg Exterior Mnt, Water, Sewer
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Handicap Access: No
  • Key Island: Key Colony
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 53.50
  • Min Rental Days: 14.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Clubhouse, Bike Paths, Beach, Manager on Premises
  • Off Shore Island: No
  • Pets: No Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 4777.94
  • Title: Title Ins - Buyer
  • Vehicle Storage: Assigned Parking, Guest Parking, Open Parking
  • Year Built: 1975
  • Alternate Key Number: 1084298
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Pool Info: Concrete
  • Pool Info Heated: Yes
  • Porch Balcony: Patio
  • Association Maintenance Fee Per: Quarterly
  • Shutters: Accordion
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 1234.00
  • Financial Status Auction: No
  • Financial Status Standard Sale: Yes
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Unit Complex: Complex
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Window Treatments, Storage, Smoke Alarms, Split Bedroom
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Washer, Stainless Steel Appliance(s), Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile
  • Windows/Doors: Glass Doors, Aluminum Windows
  • Total Bedrooms: 2
  • Accessibility Features: Parking

Exterior Features

  • Dockage: None
  • Waterfront: Oceanfront, Open Water
  • Waterfront: Yes
  • Construction: CBS, Concrete
  • Exterior Features: Chickee Hut, Sprinkler System, Sandy Beach, Rain Gutters, Fruit Tree(s), Fencing
  • Roof: Other Roof
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Utilities: FKAA, Municipal Sewer
  • Heating: Central

Lot Info

  • Deed Restrictions: Yes
  • Flood Zone: AE,AE,AE,AE,VE
  • Land Size: 1 Less Than 2 Acres

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Furnished

Tax Info

  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2024
Closed on
May 1, 2025
Sold by
Tracy Michael Colfax and Tracy April Lee
Bought by
Beatty Kenneth Michael and Hunlock Katherine Jeanne
Seller's Agent
Lynn Lucas
Berkshire Hathaway HomeServices Keys Real Estate
Buyer's Agent
Lynn Lucas
Berkshire Hathaway HomeServices Keys Real Estate
List Price
$559,000
Sold Price
$520,000
Premium/Discount to List
-$39,000
-6.98%
Views
19
Current Estimated Value
$539,745

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,745
Avg. Annual Appreciation
10.03%

Purchase Details

Closed on
Jun 21, 2016
Sold by
Lee Tracy April and Estate Of S Coleaf Tracy
Bought by
Lee Tracy Michael Colfax and Lee Tracy April

Purchase Details

Closed on
Nov 8, 2015
Bought by
Tracy April Lee

Purchase Details

Closed on
Apr 9, 1996
Sold by
Williams Gay J and Horan Lee H
Bought by
Tracy S C and Tracy Norma J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,200
Interest Rate
7.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 15, 1993
Sold by
Williams Gay H and Hirschey Dorothy R
Bought by
Williams Gary H

Purchase Details

Closed on
Feb 1, 1974
Bought by
Tracy April Lee
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $520,000 None Listed On Document
Warranty Deed $520,000 None Listed On Document
Personal Reps Deed -- None Available
Deed -- --
Warranty Deed $136,500 --
Personal Reps Deed -- --
Deed $51,900 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $194,500 Unknown
Previous Owner $228,000 New Conventional
Previous Owner $109,200 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2025 05/01/25 Sold $520,000 -7.0% $421 / Sq Ft
04/01/2025 04/01/25 Pending -- -- --
11/05/2024 11/05/24 For Sale $559,000 -- $453 / Sq Ft
Source: Marathon and Lower Keys Association of REALTORS®

Tax History Compared to Growth

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 $4,555 $512,246 -- $512,246
2023 $4,555 $536,745 $0 $536,745
2022 $3,708 $334,991 $0 $334,991
2021 $3,552 $307,610 $0 $307,610
2020 $3,173 $280,000 $0 $280,000
2019 $3,076 $272,472 $0 $272,472
2018 $2,728 $244,462 $0 $0
2017 $2,944 $275,277 $0 $0
2016 $3,054 $275,277 $0 $0
2015 $1,617 $166,717 $0 $0
2014 $1,637 $165,394 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lynn Lucas

    Seller's Agent in 2025

    Lynn Lucas

    Berkshire Hathaway HomeServices Keys Real Estate

    (305) 393-0559

    17 in this area

    166 Total Sales

    Lynn Lucas
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Map

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 612187

APN: 00078330-002200

Florida Monroe County Key Colony Beach 33051

601 W Ocean Dr Unit 301A, Key Colony Beach, FL

This home is located at 601 W Ocean Dr Unit 301A, Key Colony Beach, FL 33051 and is currently priced at $520,000, approximately $421 per square foot. This property was built in 1975. 601 W Ocean Dr Unit 301A is a home located in Monroe County with nearby schools including Stanley Switlik Elementary School, Marathon Middle High School, and Coral Shores High School.

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