HOA Info
The Cay Condominium (also known as Cay Condo) is a 50-unit oceanfront condominium community located at 601 W Ocean Drive in Key Colony Beach, Florida 33051, at approximately mile marker 53.5 on US Highway 1 in the Middle Keys. Established in 1973, this intimate beachfront association consists of four residential buildings offering residents direct access to a private Atlantic Ocean beachfront.
HOA Fees and Financial Obligations HOA fees are approximately $5,360 per quarter (around $17,866 annually) based on recent real estate listings. Fees typically cover maintenance, cable TV, groundskeeping, building upkeep, insurance, and management. High fees reflect the premium oceanfront location, private beach access, and on-site oversight. Buyers should request the latest budget, reserves, and financial statements during due diligence.
Rules and Regulations As a condominium association, The Cay follows standard Florida condo rules including architectural review for modifications, rental policies (with 14-day minimum options noted in some descriptions and on-site rental management), and pet restrictions. The association maintains strict standards for landscaping and building appearance. Short-term rentals are permitted but managed through on-site processes with potential fees.
Community Amenities and Lifestyle Residents enjoy a private beach, heated swimming pool in a central courtyard, tiki hut, two oceanfront community decks, and a separate recreational/library room. The community emphasizes well-maintained landscaping and buildings in a quiet, secure setting ideal for relaxed Keys living with proximity to marinas, dining, and biking paths.
Notable Aspects The Cay stands out for its small scale (only 50 units), on-site management presence, and exclusive private beach access not shared with larger neighboring towers. It offers a boutique alternative to larger Key Colony complexes while providing resort-like features in a protected courtyard setting.
Management Company: The Cay Condominium Inc (self-managed association with on-site management) Phone: (305) 289-1581 Email: Details not publicly available Website: https://caycondominium.com/ Address: 601 W Ocean Drive, Key Colony Beach, FL 33051 (PO Box 510069)