Premier Brokers International
501 Bay Lane, Key Biscayne, FL 33149
ActiveMLS listing sourceMIAMI REALTORS® MLS
ActiveMLS® A12074814
$5,990,000

501 Bay Lane, Key Biscayne, FL 33149

Beds
5
Baths
5
Sqft
4,759
Est. payment$36,125/mo
Home type
Single Family Residence
Year built
1995
Lot size
10,019 sqft
Price / sqft
$1,259
HOA
$0/mo
Community
TROPICAL ISLE HOMES SUB 3

Property 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 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

Listing activity

Days on market
61
Listed
Aug 24, 2026
MLS listing updated
Sep 9, 2026
Feed last checked
3 minutes ago

Listed by Brigitte Nachtigall · One Sotheby's International Realty

Map

Map location is based on MLS-supplied coordinates. Verify the location before relying on it.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms
5
Bathrooms
5
Bathrooms (decimal)
4.5
Full bathrooms
4
Half bathrooms
1

Rooms & features

Rooms
2
Interior features
Built-in Features, Walk-In Closet(s)
Flooring
Ceramic Tile, Tile
Appliances
Electric Water Heater, Dishwasher, Dryer, Electric Range, Microwave, Oven, Refrigerator, Washer
Furnished
Unfurnished
Window features
Blinds, Drapes, Rods

Heating & cooling

Heating
Electric
Cooling
Electric
Property

Parking

Garage spaces
2
Garage
Yes
Covered spaces
2
Parking features
Circular Driveway, Covered, Driveway, Garage Door Opener
Attached garage
No

Exterior

Stories
2
Building area
6,298 sqft
Entry level
1
Patio & porch
Porch - Open, Porch, Patio
Pool
Yes
Pool features
In Ground
View
Garden
Waterfront property
No

Lot

Lot size
10,019 sqft
Lot size (acres)
0.23 acres
Zoning
2000
Road frontage
Public Road
Construction

Type & style

Home type
Single Family Residence
Year built
1995
New construction
No

Materials

Construction
CBS
Roof
Spanish Tile
Property condition
Resale
Levels
Two
Faces
North
Utilities & green energy

Utilities

Sewer
Public Sewer
Water
Public
Community & HOA

Community

Subdivision
TROPICAL ISLE HOMES SUB 3
MLS area
2520
Pets allowed
Yes
55+ community
Yes

Association

Has association
No
Estimated monthly dues
$0
Amenities
Pool, Fitness Center
Lease details

Not reported by the listing source.

Location

Area details

City
Key Biscayne
County
Miami-Dade
ZIP code
33149
Manufactured home details

Not reported by the listing source.

Financial & listing details

Listing

MLS number
A12074814
Possession
Negotiable
Original list price
$5,990,000
Parcel number
2442320050730
Annual property tax
$24,587
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
Additional MLS details

Reported by the listing source

Association Amenities
Pool, Fitness Center
Association
No
Bathrooms Total Decimal
4.5
Bathrooms Total Integer
5
Building Area Total
6298
Construction Materials
CBS
County Or Parish
Miami-Dade
Days On Market
61
Direction Faces
North
Elementary School
Key Biscayne K-8
High School
Coral Gables
List Price
5990000
Listing Contract Date
2026-08-24
Living Area
4759
Lot Size Acres
0.23
Lot Size Area
10000
MLSArea Major
2520
Middle Or Junior School
Ponce De Leon
Mls Status
Active
On Market Date
2026-08-24
Patio And Porch Features
Porch - Open, Porch, Patio
Photos Count
41
Postal Code
33149
Property Sub Type
Single Family Residence
Property Type
Residential
Road Frontage Type
Public Road
Rooms Total
2
Senior Community
Yes
Standard Status
Active
State Or Province
FL
Status Change Timestamp
2026-08-24T04:00:00Z
Stories Total
2
Subdivision Name
TROPICAL ISLE HOMES SUB 3
Water Source
Public
Tax Annual Amount
24587
Bathrooms Full
4
Pool Private
Yes
Bedrooms Total
5
Waterfront
No
Bathrooms Half
1
General Property Information: Senior Community
Yes

Market value

Automated estimate—No licensed valuation source connected
Estimated sales range—Ask Karim for a local market analysis
Estimated rent—No licensed rental valuation source connected

Price history

DateEventPrice
Aug 24, 2026ListedMIAMI REALTORS® MLS$5,990,000$1,259/sqft

Public tax history

YearProperty taxesAssessment
2025$24,587—

Payment calculator

Estimated monthly payment$36,125/moIllustrative estimate, not a loan offer.
Principal & interest
$31,081
Property taxes
$2,049
Insurance
$2,995
Association dues
$0

Live national rate context is displayed below through Mortgage News Daily’s official widget. The calculator rate remains a separate assumption until licensed machine-readable access is connected. This is not a loan offer.

Neighborhood

Area

TROPICAL ISLE HOMES SUB 3

Key Biscayne · Miami-Dade County · 33149

Climate risk

—

No licensed climate-risk source is connected.

Nearby schools

Key Biscayne K-8Elementary
—
Ponce De LeonMiddle
—
Coral GablesHigh
—
School names and districts are MLS-reported when available. Verify attendance boundaries with the school district. Ratings require a licensed ratings provider.

Nearby homes

12 homes

Similar homes

12 homes
MLS listing source

MIAMI REALTORS® MLS · Listing courtesy of One Sotheby's International Realty. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright ©2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers’ personal, non-commercial use and may be used only to identify prospective properties they may be interested in purchasing or leasing. Terms of use · Equal Housing Opportunity.