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Homes for sale in Key Biscayne
Single Family Residence

501 Bay Lane

Key Biscayne, FL 33149
$5,990,000
Beds
5
Baths
4 + 1 half
Sq ft
4,759
Year built
1995
Price per sq ft
$1,259

Listing courtesy of Brigitte Nachtigall, One Sotheby's International Realty

About this home

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

Details

Property

Type
Single Family Residence
Style
Attached, Two Story
Building
Pool Only
Year built
1995
Lot size
10,000 sq ft
Building name
TROPICAL ISLE HOMES SUB 3
Subdivision
TROPICAL ISLE HOMES SUB 3
County
Miami-Dade County
Faces
North
View
Garden
Flood zone
AE

Interior

Appliances
Dishwasher, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Wall Oven, Washer
Flooring
Ceramic Floor, Tile
Cooling
Electric
Heating
Electric
Features
First Floor Entry, Built-in Features, Walk-In Closet(s), Den/Library/Office, Family Room
Furnished
Unfurnished

Exterior and parking

Patio and porch
Open Porch, Patio
Pool
In Ground
Parking
Circular Driveway, Covered, Driveway
Garage spaces
2
Construction
CBS Construction
Roof
Curved/S-Tile Roof

Community and fees

Annual taxes
$24,587
Terms
All Cash, Conventional

Neighborhood

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The data relating to real estate for sale or lease on this website comes in part from the Internet Data Exchange (IDX) program of MIAMI REALTORS® MLS. Listings are provided by participating brokers.

Information is deemed reliable but is not guaranteed and should be independently verified. It is subject to change and is provided for consumers’ personal, non-commercial use only, to identify properties they may be interested in. Listing last updated September 9, 2026.