501 Bay Lane Key Biscayne, FL $ 5,990,000
501 Bay Lane
$ 5,990,000
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501 Bay Lane

Key Biscayne, FL, 33149
$ 5,990,000
Bedrooms5 Baths4.1 Sq 4,759

Monthly Estimate*

$ 37,821

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Single Family Home for sale in Key Biscayne, FL

for $5,990,000 with 5 bedrooms and 4 full baths, 1 half bath. This 4,759 square foot home was built in 1995.

Prime location on one of Key Biscayne’s most exclusive residential streets, surrounded by some of the island’s most prestigious waterfront estates. An exceptional opportunity to own a substantial residence in the heart of Miami’s island paradise. Situated on a generous 10,000 SF lot, this light-filled home offers 4,759 SF of living space, five bedrooms, four full bathrooms and one half bathroom, providing wonderful space, privacy, and flexibility for today’s lifestyle. High ceilings and abundant natural light enhance the home’s generous proportions, while well-defined living, dining, and family areas create a comfortable and functional floor plan for both everyday living and entertaining. The interior spaces open to an expansive covered terrace, creating a natural connection to the outdoors and allowing for year-round enjoyment of South Florida living. Surrounded by lush, mature landscaping, the private backyard features a beautiful swimming pool and generous areas for outdoor dining, entertaining, and spending time with family and friends. Built in 1995 and complete with a garage, the residence can be enjoyed as it is today while offering endless possibilities to personalize and enhance over time. A rare opportunity to make this home your own while enjoying an exceptional address, privacy, and the extraordinary lifestyle that make Key Biscayne one of South Florida’s most desirable places to call home

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Single Family Active

Price

$ 5,990,000

Bedrooms

5

Full Bath

4

Half Bath

1

Property Type

Single Family

Taxes

$ 24,587

Style

Year Built

1995

Town/City

Key Biscayne

County/Region

Miami-Dade

MLS | Web ID

A12074814

Features
General
Sewer Public Sewer
Heating Electric
Cooling Electric
Possession Closing & Funding
Roof Spanish Tile
Appliances Built-In Oven Dryer Dishwasher Electric Range Electric Water Heater Microwave Refrigerator Washer
Garage Spaces 2
Patio/Porch Features Open Patio Porch
Architectural Style Two Story
Pool Features In Ground Pool Community
Restrictions OK To Lease
Construction Materials Block
Pets Allowed Cats OK Dogs OK Yes
Year Built 1995
View Garden
Stories Count 2
Levels Two
Property Subtype Single Family Residence
Tax Year 2025
Community Features Fitness Pool
County Miami-Dade
Property Type Residential
Subdivision Name TROPICAL ISLE HOMES SUB 3
Facing Direction North
Garage Y/N true
Total Rooms 0
Full Baths 4
Special Listing Conditions Listed As-Is
Status Active
High School Coral Gables
City Key Biscayne
Disclosures Flood Plain Disclosure
Senior Community Y/N false
Zoning Description 2000
MLS Area 42
Lot Size Units Square Feet
Lot Size Square Feet 10000
Listing Terms Cash Conventional
Elementary School Keybiscayne
Year Built Details Resale
Tax Annual Amount 24587
Middle/Junior High School Ponce De Leon
Lease Considered Y/N false
Standard Status Active
Occupancy Type Vacant
Property Sub Type Additional Single Family Residence
Legal Description 32 54 42 5-6 55 42 PB 50-83 TROPICAL ISLE HOMES SUB 3RD ADDN LOT 2 BLK 16 LOT SIZE 10000.00 SQ FT OR 16566-3945 1094 1
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Interior
Interior Amenities Bidet Built-in Features Bedroom on Main Level Bathtub Dining Area Separate/Formal Dining Room Dual Sinks First Floor Entry Separate Shower Tub Shower Upper Level Primary Walk-In Closet(s)
Flooring Ceramic Tile Tile
Furnished Y/N Unfurnished
Air Conditioning Y/N true
Heating Y/N true
Window Features Blinds Drapes
Half Baths 1
Total Bedrooms 5
Total Baths 5
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Exterior
Exterior Amenities Porch Patio Storm/Security Shutters
Parking Features Circular Driveway Covered Driveway Garage Door Opener
Lot Features < 1/4 Acre
Water Source Public
Lot Size Area 10000
Building Area Total 6298
Private Pool true
Waterfront Y/N false
Covered Spaces 2
Road Frontage Type City Street
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* Excluded Features
List By
One Sotheby's International Realty

Broker

MLS@onesothebysrealty.com

Contact

Affordability Calculator

$39,870
Per Month
95%
5%
0%
Monthly Principal & Interest
$37,821
Monthly Property Taxes
$2,049
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3062566 Elementary School
4268812 Middle School
Coral Gables High School High School
Pricing History
Date Price Price Change Description
8/24/2026 $5,990,000 Listed Price

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501 Bay Lane, Key Biscayne, FL, 33149 is a Single Family Home for sale at $5,990,000 with 4,759 sqft. 501 Bay Lane has 5 bedrooms, 4.1 baths, and was built in 1995. The property's zip code is 33149 which is in Key Biscayne, FL