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
Property Details
Price:
$5,990,000
MLS #:
A12074814
Status:
Active
Beds:
5
Baths:
4.5
Address:
501 Bay Lane
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
TROPICAL ISLE HOMES SUB 3
Neighborhood:
tropicalislehomessub3
City:
Key Biscayne
Listed Date:
Aug 24, 2026
State:
FL
Finished Sq Ft:
4,759
Total Sq Ft:
6,298
ZIP:
33149
Year Built:
1995
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Schools
Elementary School:
Keybiscayne
Middle School:
Ponce De Leon
High School:
Coral Gables
Interior
Appliances
Dishwasher, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Wall Oven, Washer
Bathrooms
4 Full Bathrooms, 1 Half Bathroom
Cooling
Electric
Flooring
Ceramic Floor, Tile
Heating
Electric
Exterior
Architectural Style
Attached, Two Story
Community Features
Pool, Exercise Room, Public Road
Construction Materials
C B S Construction
Parking Features
Circular Driveway, Covered, Driveway
Roof
Curved/ S- Tile Roof
Financial
Tax Year
2025
Taxes
$24,587
Map
Community
- Address501 Bay Lane Key Biscayne FL
- SubdivisionTROPICAL ISLE HOMES SUB 3
- CityKey Biscayne
- CountyMiami-Dade County
- Zip Code33149
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501 Bay Lane
Key Biscayne, FL
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