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MLS #A12074814 image #0
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
Current real estate data for Single Family in Key Biscayne as of Nov 06, 2026
43
Single Family Listed
145
Avg DOM
2,753
Avg $ / SqFt
$14,519,209
Avg List Price
Listing Provided Courtesy of One Sotheby’s International Realty at 305-365-2811

Property Details

Price:
$5,990,000
MLS #:
A12074814
Status:
Active
Beds:
5
Baths:
4.5
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
TROPICAL ISLE HOMES SUB 3
Neighborhood:
2520
Listed Date:
Aug 24, 2026
Finished Sq Ft:
4,759
Total Sq Ft:
6,298
Lot Size:
435,600,000 sqft / 0.23 acres (approx)
Year Built:
1995
PoolCommunity 55 PlusTropical Isle Homes Sub 3Key Biscayne K-8Ponce De LeonCoral GablesGardenPets Allowed

Schools

Elementary School:
Key Biscayne K-8
Middle School:
Ponce De Leon
High School:
Coral Gables

Interior

Appliances
Electric Water Heater, Dishwasher, Dryer, Electric Range, Microwave, Oven, Refrigerator, Washer
Bathrooms
4 Full Bathrooms, 1 Half Bathroom
Cooling
Electric
Flooring
Ceramic Tile, Tile
Heating
Electric
Interior Features
Built-in Features, Walk-In Closet(s)
Levels
Two

Exterior

Association Amenities
Pool, Fitness Center
Community
55+
Construction Materials
CBS
Covered Spaces
2
Direction Faces
North
Garage Spaces
2
Parking Features
Circular Driveway, Covered, Driveway, Garage Door Opener
Patio And Porch Features
Porch – Open, Porch, Patio
Roof
Spanish Tile
Senior Community YN
1
View
Garden
Window Features
Blinds, Drapes, Rods

Financial

Tax Year
2025
Taxes
$24,587

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Community

Property Summary

    Located in the TROPICAL ISLE HOMES SUB 3 subdivision, 501 Bay Lane Key Biscayne FL is a Single Family for sale in Key Biscayne, FL, 33149. It is listed for $5,990,000 and features 5 beds, 5 baths, and has approximately 4,759 square feet of living space, and was originally constructed in 1995. The current price per square foot is $1,259. The average price per square foot for Single Family listings in Key Biscayne is $2,753. The average listing price for Single Family in Key Biscayne is $14,519,209. To schedule a showing of MLS#a12074814 at 501 Bay Lane in Key Biscayne, FL, contact your Trust House Realty agent at 9543362003.

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