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A12074814, Home in Key Biscayne for Sale

501 Bay Lane, Key Biscayne, FL, 33149
SALE
$5,990,000
Est. Mortgage: $26,935/mo Get pre-qualified
12 of 37 for Sale
5Beds
4.5 Baths
4,759 ft2 (442 m2)
Lot Size 10,000 ft2 (929 m2)
Listed on: Aug 24, 2026
Days on Market: 27
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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

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A12074814 Condo # for Sale in Key Biscayne, Key Biscayne
  • Listed on:

    Aug 24, 2026
  • Days on Market:

    27
  • Taxes:

    $24,587 per year
  • Tax Year:

    2025
  • Year Built:

    1995
  • Occupancy:

    n/a
  • Parking:

    • Garage Spaces

      2
    • Open Parking

      Yes
    • Covered Spaces

      2
    • Parking Features

      Circular Driveway, Covered, Driveway
  • Interior:

    • Flooring

      Ceramic Floor, Tile
    • Appliances

      Dishwasher, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Wall Oven, Washer
    • Cooling

      Electric
    • Heating

      Electric
    • Furnished

      Unfurnished
    • Interior Features

      First Floor Entry, Built-in Features, Walk-In Closet(s), Den/Library/Office, Family Room
    • Other Equipment

      Automatic Garage Door Opener
    • Window Features

      Complete Accordian Shutters, Blinds, Drapes
  • Exterior:

    • View

      Garden
    • Architectural Style

      Attached, Two Story
    • Construction Materials

      CBS Construction
    • Patio And Porch Features

      Open Porch, Patio
    • Direction Faces

      North
    • Pool Features

      In Ground
    • Roof

      Curved/S-Tile Roof
  • Community:

    • Subdivision Name

      TROPICAL ISLE HOMES SUB 3
    • Typeof Association

      None
    • Community Features

      Pool, Exercise Room, Public Road
    • Elementary School

      Keybiscayne
    • Middle Or Junior School

      Ponce De Leon
    • High School

      Coral Gables
  • LOT:

    • Lot Features

      Less Than 1/4 Acre Lot
    • Lot Size Square Feet

      10,000
    • Lot Size Units

      Square Feet

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
Any questions about Key Biscayne?
Contact our Key Biscayne Real Estate Specialist today.
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