Views
Address
501 Bay Lane, Key Biscayne, FL
Price
$ 5,990,000
Property Attributes
- MLS#A12074814
- TypeSingle Family
- Listing Status Active
- CountyMiami-Dade
- CityKey Biscayne
- Area52
- NeighborhoodTROPICAL ISLE HOMES SUB 3
- Zip33149
- Style
- Year Built1995
- Taxes$ 24587
- Price$ 5,990,000
- Bedrooms5
- Full Bathrooms4
- Half Bathrooms1
- Sqr Footage4759
Data Source:
Southeast Florida MLS (SEFMLS)
Property Description
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
| Elementary School | Middle School | High School |
|---|---|---|
| Keybiscayne Elementary School | Ponce De Leon Middle School | Coral Gables High School |
| Price History | |
|---|---|
| 8/24/2026 | Listed $5,990,000 |
General Features
| 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 |
| 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 | 52 |
| 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 |
| PostalCity | Key Biscayne |
| 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 |
| AttributionContact | MLS@onesothebysrealty.com |
Interior Features
| 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 |
Exterior Features
| 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 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 33149
Price
Taxes
Year Built
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Data Last Updated: September 12, 2026 12:27 PM UTC
Information is deemed to be reliable, but is not guaranteed. © 2026 MLS and FBS. Prepared by Florida Keys MLS, Inc. on September 12, 2026 12:19 PM UTC The information on this sheet has been made available by the MLS and may not be the listing of the provider. The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
