Single Family Residence
501 Bay Lane
501 Bay Lane, Key Biscayne FL 33149
$5,990,000
5 Beds · 4 Baths · 4,759 SqFt
See estimated monthly costThis listing is courtesy of One Sotheby's International Realty. Brigitte Nachtigall MLS@onesothebysrealty.com
Overview
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
Facts & features
Interior
- Living area (sq ft)
- 4,759
- Full bathrooms
- 4
- Half bathrooms
- 1
- Furnished
- Unfurnished
- First Floor Entry
- Built-in Features
- Walk-In Closet(s)
- Den/Library/Office
- Family Room
Building & exterior
- Year built
- 1995
- Lot size (sq ft)
- 10,000
- Garage spaces
- 2
- Covered spaces
- 2
- Garden
- Circular Driveway
- Covered
- Driveway
HOA (homeowners association)
- Pets allowed
- Yes
- Ok To Lease
Taxes
- Annual tax
- $24,587
- Tax year
- 2025
- Parcel number
- 24-42-32-005-0730
Assigned schools
- Elementary
- Keybiscayne
- Middle
- Ponce De Leon
- High
- Coral Gables
Listing
- MLS number
- A12074814
- Property type
- Single Family Residence
- Price per SqFt
- $1,259
- Subdivision
- TROPICAL ISLE HOMES SUB 3
- On market since
- Aug 24, 2026
- Days on market
- 0
Estimated monthly cost
$36,830 per month
- Principal & interest (30 yr)
- $30,289
- Property tax
- $2,049
- Insurance (estimated)
- $4,493
An estimate for comparison only — not a loan offer, a quote, or a commitment to lend. Actual taxes, insurance and financing terms will differ.
Location
Nearby schools
- Key Biscayne K-8 Center
- Key Biscayne Presbyterian School
- St Agnes Academy
- St Christophers - By-The-Sea Montessori School
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