501 Bay Lane, Key Biscayne, FL 33149

$5,990,000 — Active

Property Features

Map Map It

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

Property Details

  • Listing ID: A12074814
  • Status: Active
  • Listing Date: 2026-08-24
  • Property Type: Single Family Residence
  • Subdivision: TROPICAL ISLE HOMES SUB 3
  • County: Miami-Dade
  • MLS Area: 2520
  • Bedrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Living Area Sq Ft: 4,759
  • Year Built: 1995

Financial

  • List Price: $5,990,000
  • HOA Fee: None
  • Taxes: $24,587/yr

Features & Amenities

  • View: Garden
  • 55+ Community (HOPA): Yes
  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Parking: Circular Driveway, Covered, Driveway, Garage Door Opener
  • Cooling: Electric
  • Heating: Electric
  • Flooring: Ceramic Tile, Tile
  • Construction: CBS
  • Roof: Spanish Tile
  • Interior Features: Built-in Features, Walk-In Closet(s)
  • Community Amenities: Fitness Center, Pool

Courtesy of One Sotheby's International Realty
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© 2026 Starfish Real Estate. Listings updated Nov 11, 2026 5:00 am. Listing data is derived from the Broker Reciprocity Program of the Realtor Association of Indian River County (RAIRC) and BeachsMLS. Properties listed by brokers other than Starfish Real Estate are identified with the applicable MLS logo and include the listing broker's name. Not all properties available through either MLS may be displayed. All MLS data is the copyrighted property of the respective MLS and its participants. Data is deemed reliable but is not guaranteed accurate and should be independently verified prior to entering into any transaction.