T
Seller's Agent in 2025
Tracy Chacksfield
Berkshire Hathaway HomeServices Keys Real Estate
(312) 350-4601
43 in this area
71 Total Sales
601 W Ocean Dr Unit 401A Key Colony Beach, FL 33051
2
Beds
2
Baths
1,234
Sq Ft
$1,787/mo
HOA Fee
Highlights
- Airstrip
- Ocean Front
- Sandy Beach
- Coral Shores High School Rated A
- Beach
- Concrete Pool
About This Home
As of April 2025Discover the charm of oceanfront living at an exceptional value in The Cay Condos, located in the heart of Key Colony Beach. Known for its small-town feel and pristine beaches, this walkable, bikeable island offers a host of amenities, including a par-3 golf course, marina, tennis and pickleball courts, and a variety of local restaurants. This 2-bedroom, 2-bath unit provides a welcoming retreat within a vibrant beachfront community. Residents enjoy a picturesque oceanfront courtyard with a pool, a beachfront tiki hut, a private sandy beach, party room and a community deck perfect for savoring breathtaking sunsets. With first-level living for easy accessibility and a calendar full of community events, this is your chance to embrace the best of Florida Keys living at an affordable price.
Last Agent to Sell the Property
Berkshire Hathaway HomeServices Keys Real Estate License #SL3510758 Listed on: 11/30/2024
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,778
Year Built
- Built in 1975
Lot Details
- Ocean Front
- Sandy Beach
HOA Fees
- $1,787 Monthly HOA Fees
Home Design
- Entry on the 1st floor
- Pre-Cast Concrete Construction
- Stucco
Interior Spaces
- 1,234 Sq Ft Home
- Furnished
- Ceiling Fan
- Window Treatments
- Entrance Foyer
- Monitored
Kitchen
- Range
- Microwave
- Dishwasher
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Parking
- Guest Parking
- Off-Street Parking
- Assigned Parking
Pool
- Concrete Pool
- In Ground Pool
- Pool Deck
Outdoor Features
- Airstrip
- Balcony
- Tiki or Chickee Hut
Utilities
- Central Air
- Public Hookup Available For Sewer
- Cable TV Available
Listing and Financial Details
- Minimum Rental Period: 14
- Assessor Parcel Number 00078330-003700
Community Details
Overview
- Association fees include cable, common area mnt, building insurance, bldg exterior mnt, water, sewer
- Cay Condo Subdivision
Recreation
- Beach
- Bike Trail
Pet Policy
- No Pets Allowed
Security
- Resident Manager or Management On Site
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 30, 2024
Closed on
Apr 28, 2025
Sold by
Wolfe Richard E and Wolfe Molly P
Bought by
Paradise Key Colony Llc
Seller's Agent
Tracy Chacksfield
Berkshire Hathaway HomeServices Keys Real Estate
Buyer's Agent
Tierce Scheel
Coldwell Banker Schmitt Real Estate Co.
List Price
$499,000
Sold Price
$435,000
Premium/Discount to List
-$64,000
-12.83%
Views
80
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,597
Avg. Annual Appreciation
11.96%
Original Mortgage
$300,000
Outstanding Balance
$299,204
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$155,393
Purchase Details
Closed on
Jan 18, 2016
Sold by
Weil Barbara W
Bought by
Wolfe Family Trust
Purchase Details
Closed on
Feb 1, 1976
Bought by
Wolfe Family Trust 1/10/2014
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $435,000 | None Listed On Document | |
| Warranty Deed | $435,000 | None Listed On Document | |
| Warranty Deed | $2,149 | Attorney | |
| Deed | $50,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $300,000 | New Conventional | |
| Closed | $300,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/29/2025 04/29/25 | Sold | $435,000 | -5.2% | $353 / Sq Ft |
| 04/29/2025 04/29/25 | Pending | -- | -- | -- |
| 02/24/2025 02/24/25 | Price Changed | $459,000 | -4.2% | $372 / Sq Ft |
| 01/31/2025 01/31/25 | Price Changed | $479,000 | -4.0% | $388 / Sq Ft |
| 11/30/2024 11/30/24 | For Sale | $499,000 | -- | $404 / Sq Ft |
Source: Marathon and Lower Keys Association of REALTORS®
Tax History Compared to Growth
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 | $3,025 | $275,277 | $0 | $0 |
| 2015 | $2,772 | $245,813 | $0 | $0 |
| 2014 | $2,769 | $245,813 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Tracy Chacksfield
-
Tierce Scheel
Buyer's Agent in 2025
Tierce Scheel
Coldwell Banker Schmitt Real Estate Co.
(660) 619-3616
4 in this area
8 Total Sales
Map
Source: Marathon and Lower Keys Association of REALTORS®
MLS Number: 612602
APN: 00078330-003700
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