Home in 501 Bay Lane, Key Biscayne, FL 33149 for sale with MLS# A12074814

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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501 Bay Lane, Key Biscayne, FL 33149

Price
Price:
$5,990,000.00
Original List Price:
$5,990,000.00
List Price per Sq Ft (Calculated, Approx.):
$1,258.66
Property Status and Type
Listing Type:
For Sale
Status:
Active
Listing Category:
Residential
Property Type:
Single Family House
Description of Last Important Update:
New Listing
Last Major Update on:
August 24, 2026 4:00 am
Other Special Conditions:
Sold As-is, Flood Zone
Rooms Distribution
Bedrooms:
5
Bathrooms Total:
5
Full Bath:
4
Half Bath:
1
Room Type:
Family Room, Den
Master Bedroom Bath:
Bidet, Master Bdrm - Upstairs, Separate Shower, Dual Sinks, Master Bdrm - Ground, Separate Tub, Combo Tub/shower
Dining Area:
Formal Dining
Measures
Living Area:
4,759 Sqft
Built-Up Area:
6,298 Sqft
Lot Size Acres:
0.23
Property Features
View from the Property:
Garden
Waterfront:
No
Private Pool
Swimming Pool Features:
In Ground
Furnished:
Unfurnished
Appliances:
Dryer, Dishwasher, Microwave, Refrigerator, Washer, Electric Range, Electric Water Heater, Oven
Interior:
Walk-In Closet(s), Built-in Features
Patio and Porch:
Patio, Porch, Porch - Open
Windows:
Blinds, Drapes, Rods
Air Conditioning
Air Conditioning System:
Electric
Heating
Heating System:
Electric
Property Entrance Faces:
North
Storm Protection Accordian Shutters:
Complete
Construction
Year Built:
1995
Roof:
Spanish Tile
Levels:
Two
Entry Level (floor):
1
Construction Materials:
CBS
Flooring:
Tile, Ceramic Tile
Number of stories:
2
Road Frontage Type:
Public Road
Flood Zone Code:
AE
Property Condition:
Resale
Taxes and Expenses
Tax Annual Amount:
$24,587.00
Tax Year:
2025
Parking
Garage
Garage Spaces:
2
Covered Spaces:
2
Parking Features:
Driveway, Garage Door Opener, Covered, Circular Driveway
Utilities
Sewer:
Public Sewer
Water Source:
Public
Community
Pets Allowed?
Amenities Provided by the Homeowner's Association (HOA):
Pool, Fitness Center
Subdivision Name:
TROPICAL ISLE HOMES SUB 3
Senior Community:
Yes
Leasing Permitted
Leasing Permitted Details:
Okay To Lease
Terms
Listing Terms Considered by Seller:
Cash, Conventional
Buyer Possession:
Negotiable
Zoning and Legal
Tax 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
Real Estate Folio Number (Parcel Number):
2442320050730
Zoning:
2000
Public Schools Assigned
Elementary School:
Lamarque Elementary
High School:
Coral Gables
Middle Or Junior School:
Ponce De Leon
Listing History
Active on the market since:
August 24, 2026
Listing Agreement executed on:
August 24, 2026
Listing Status Last Changed On:
August 24, 2026 4:00 am
Photos updated on:
August 24, 2026 5:46 pm
Last Modified:
August 24, 2026 6:49 pm
Additional Information
Courtesy of:
One Sotheby's International Realty
Attribution:
Not provided
Location
Street Name:
Bay
Street Number:
501
City:
Key Biscayne
State:
Florida
Zip Code:
33149
County:
Miami-Dade
Latitude:
N25° 41' 32.1''
Longitude:
W81° 49' 37.6''
Street Suffix:
Lane
Property Map

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Neighborhood Stats

Source: U.S. Census Bureau, ACS 5-Year Estimates

Median Household Income $171,982
Median Home Value $1,231,500
Median Rent $3,501/mo
Median Age 43
Population 14,628

Air Quality

Source: AirNow.gov · Miami

🌬️ Air Quality Index (AQI) 35 Good
☀️ O3 35 Good
🫁 PM2.5 35 Good
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Ver la Propiedad Ver la propiedad 501 Bay Lane, Key Biscayne, FL 33149
Association of REALTORS®
Disclaimer: IDX listing information is presented by Rebonus Brokerage LLC for consumer informational purposes only. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by the MLS or the real estate broker. This page presents structured listing information sourced directly from the MLS via the RESO Web API feed. Rebonus prioritizes maximum field coverage and data completeness, displaying the most granular MLS-provided attributes available.