501 Bay Lane, Key Biscayne, FL 33149

$5,990,000
Property Type: Residential Bedrooms: 5 Baths: 5 Square Footage: 6,298 Status: Active
Current Price: $5,990,000 List Date: 8/24/2026 Last Modified: 9/09/2026

Overview

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 outdoo ...

Listing Details MLS# A12074814

General Property Information

Property Sub Type
Single Family Residence
Bedrooms Total
5
Bathrooms Total
5
Bathrooms Full
4
Bathrooms Half
Yes
Building Area Main
6298
Living Area Main
4759
Adjusted Area Main
5099
Year Built
1995
Garage YN
Yes
Garage Spaces
2
Covered Spaces
2
Lot Size Area
10000
Lot Size Acres
0.23
Senior Community YN
Yes
Outdoor Living Spaces YN
Yes
Stories Total
2
Direction Faces
North
Pool Private YN
Yes
Furnished
Unfurnished

Property Features

Dining Area: Formal Dining Flooring: Ceramic Tile; Tile Leasing Permitted Details: Okay To Lease Parking Features: Circular Driveway; Covered; Driveway; Garage Door Opener Property Condition: Resale Appliances: Dishwasher; Dryer; Electric Range; Microwave; Oven; Refrigerator; Washer Water Heater Details: Electric Water Heater Construction Materials: CBS Cooling: Electric Heating: Electric Interior Features: Built-in Features; Walk-In Closet(s) Levels: Two Listing Terms: Cash; Conventional Pets Allowed YN: Yes Pool Features: In Ground Possession: Negotiable Road Frontage Type: Public Road Roof: Spanish Tile Sewer: Public Sewer Special Information: Flood Zone; Sold As-Is View: Garden Water Source: Public Window Features: Blinds; Drapes; Rods Showing Requirements: Appointment Only; Call Listing Agent Outdoor Living Spaces: Patio; Porch Porch Details: Porch - Open Room Types: Den; Family Room

Contract Information

Comp Sale YN
No
Original List Price
5990000
Occupant Type
Vacant

Location and Legal

Country
United States
County Or Parish
Miami-Dade
County Parish Name
Miami-Dade
Street Number
501
Street Name
Bay
Street Suffix
Lane
City Name
Key Biscayne
Municipal Code
24
State Or Province
FL
Postal Code
33149
Postal Code +4
1750
Postal Zip
33149
Subdivision Name
TROPICAL ISLE HOMES SUB 3
Area
2520
Elementary School
Key Biscayne K-8
Middle Or Junior School
Ponce De Leon
High School
Coral Gables
Parcel Number
2442320050730
Subdivision Number
5
Zoning
2000
Flood Zone
AE

Financial Information

Membership Fee Required YN
No
Tax Annual Amount
24587
Tax Year
2025
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

Status Change Information

Major Change Timestamp
2026-08-24T04:00:00Z
Major Change Type
New Listing
Status Change Date
2026-08-24

More Information

Entry Information

Entry Level
Yes

Leasing Permitted Details

Leasing Permitted YN
Yes

Storm Protection

Accordian Shutters
Complete

Price Calculations

Current Price To SqFt
1258.66

Section Details

Parcel Number MLX
0730

Originating Details

Originating System Key
556526062
Originating System ID
M00000151

Room Information

Room Name
Den
Family Room
IDX
Listing Office: One Sotheby's International Realty
Source MLS Verified
Last Updated: September - 09 - 2026
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