$435,000
SOLD APR 29, 2025

601 W Ocean Dr Unit 401A Key Colony Beach, FL 33051

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

Recently Sold

$353 Per Sq Ft

13% Below List Price

150 Days on Market

Highlights

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

About This Home

As of April 2025

Discover 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

Tracy Chacksfield

Berkshire Hathaway HomeServices Keys Real Estate License #SL3510758 Listed on: 11/30/2024

Berkshire Hathaway HomeServices Keys Real Estate

Last Buyer's Agent

Tierce Scheel

Coldwell Banker Schmitt Real Estate Co. License #SL3504409

Coldwell Banker Schmitt Real Estate Co.

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

  • 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

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,778

Year Built

Built in 1975

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
  • Fee Includes: Cable, Common Area Mnt, Building Insurance, Bldg Exterior Mnt, Water, Sewer
  • 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: Manager on Premises, Bike Paths, Airstrip, Beach
  • Off Shore Island: No
  • Pets: No Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 4777.94
  • Title: Title Ins - Buyer
  • Vehicle Storage: Assigned Parking, Off Street Parking, Guest Parking
  • Year Built: 1975
  • Alternate Key Number: 1084441
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Pool Info: In Ground, Decked, Concrete
  • Porch Balcony: Open Porch/Balcony
  • Association Maintenance Fee Per: Quarterly
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 1234.00
  • Pre Wired: Cable
  • Financial Status Standard Sale: Yes
  • Sewer Hook Up: Yes
  • Unit Complex: Complex
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Interior Amenities: Entrance Foyer, Window Treatments
  • Floor Number: 1.00
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Washer, Microwave, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile, Carpet
  • Specialty Rooms: Laundry Room
  • Total Bedrooms: 2

Exterior Features

  • Dockage: None
  • Waterfront: Oceanfront
  • Waterfront: Yes
  • Construction: CBS, Stucco, Concrete
  • Exterior Features: Chickee Hut, Sandy Beach
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Security: Patrolled Area
  • Utilities: FKAA, Cable Available, Buyer to Verify, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,AE,AE,AE,VE
  • Parcel Number: 00078330-003700
  • Land Size: 2 Less Than 5 Acres

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Furnished

Tax Info

  • Tax Year: 2024

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

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
154.16%
Original Mortgage
$300,000
Outstanding Balance
$299,736
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$205,280

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
Source: Public Records

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Range of Values:

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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 $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

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 $3,025 $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

  • T

    Seller's Agent in 2025

    Tracy Chacksfield

    Berkshire Hathaway HomeServices Keys Real Estate

    (312) 350-4601

    67 Total Sales

    Tracy Chacksfield
    Section Image
  • Tierce Scheel

    Buyer's Agent in 2025

    Tierce Scheel

    Coldwell Banker Schmitt Real Estate Co.

    (660) 619-3616

    6 Total Sales

    Tierce Scheel
    Section Image
See All Agents

Map

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 612602

APN: 00078330-003700

Florida Monroe County Key Colony Beach 33051

601 W Ocean Dr Unit 401A, Key Colony Beach, FL

This home is located at 601 W Ocean Dr Unit 401A, Key Colony Beach, FL 33051 and is currently priced at $435,000, approximately $352 per square foot. This property was built in 1975. 601 W Ocean Dr Unit 401A 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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