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501 Bay Lane, Key Biscayne, FL 33149

New Listing

$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: 8/24/2026

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 ... (Read more)

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
Estimated Monthly Assoc Recurring Fee: 0

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
Okay To Lease: 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

Office/Member Information

DXORIGMLSID: SEF

Amenities

Fitness Center: Yes
Pool: Yes

Dining Area

Formal Dining: Yes

Flooring

Ceramic Tile: Yes
Tile: Yes

Parking Features

Circular Driveway: Yes
Covered: Yes
Driveway: Yes
Garage Door Opener: Yes

Property Condition

Resale: Yes

Possession

Negotiable: Yes

Sewer

Public Sewer: Yes

Special Information

Flood Zone: Yes
Sold As-Is: Yes

View

Garden: Yes

Heating

Electric: Yes

Window Features

Blinds: Yes
Drapes: Yes
Rods: Yes

Appliances

Dishwasher: Yes
Dryer: Yes
Electric Range: Yes
Microwave: Yes
Oven: Yes
Refrigerator: Yes
Washer: Yes

Construction Materials

CBS: Yes

Interior Features

Built-in Features: Yes
Walk-In Closet(s): Yes

Levels

Two: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Pool Features

In Ground: Yes

Road Frontage Type

Public Road: Yes

Roof

Spanish Tile: Yes

Water Source

Public: Yes

Water Heater Details

Electric Water Heater: Yes

Cooling

Electric: Yes

Showing Requirements

Appointment Only: Yes
Call Listing Agent: Yes

Master Bedroom/Bath

Bidet: Yes
Combo Tub/Shower: Yes
Dual Sinks: Yes
Master Bdrm - Ground: Yes
Master Bdrm - Upstairs: Yes
Separate Shower: Yes
Separate Tub: Yes

Pets Allowed YN

Yes: Yes

Pool Size Details

Pool Size (WxL): No

Outdoor Living Spaces

Patio: Yes
Porch: Yes

Porch Details

Porch - Open: Yes

Room Types

Den: Yes
Family Room: Yes

Room Information

Room Name
Den
Family Room

Listing Office: One Sotheby's International Realty

Last Updated: August - 24 - 2026

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501 Bay Lane, Key Biscayne, FL 33149 (MLS# A12074814)