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 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 23, 2026
Finished Sq Ft:
4,759
Total Sq Ft:
6,298
Lot Size:
435,600,000 sqft / 0.23 acres (approx)
Year Built:
1995
See this Listing
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
Map
Community
- Address501 Bay Lane Key Biscayne FL
- SubdivisionTROPICAL ISLE HOMES SUB 3
- CityKey Biscayne
- CountyMiami-Dade
- Zip Code33149
Subdivisions in Key Biscayne
- 155 SUNRISE CONDO
- 32 54 42 & 5 55 42
- 325 FERNWOOD ROAD CONDO
- 544-548 FERNWOOD CONDO
- 596 Fernwood
- BAHAMA HOUSE SOUTH CONDO
- BAHIA MAR CONDO OF KEY BI
- BISCAYNE KEY ESTATES
- BISCAYNE KEY ESTATES SUB
- BLUE PELICAN CONDO
- CAPE FLA CLUB CONDO CLUST
- CAPE FLA SUB SEC 2
- CAPE FLORIDA CLUB CONDO
- CAPE FLORIDA CLUB CONDO P
- CAPE FLORIDA SUB SEC 1
- CAPE FLORIDA SUB SEC 3
- CASA DEL MAR CONDO
- CAY POLYNESIA CONDO
- CLUB TOWER ONE CONDO
- CLUB TOWER THREE CONDO
- CLUB TOWER TWO CONDO
- Commodore Club East
- COMMODORE CLUB SOUTH COND
- COMMODORE CLUB WEST CONDO
- CRANDON TOWER CONDO
- G B RESORT CONDO HOTEL
- G B VILLAS
- GALEN BREAKERS CONDO
- GALEN BREAKERS CONDOMINIU
- GALEN DRIVE CONDO APTS
- GALEN DRIVE WEST CONDOMINIUM
- GARDENS OF KEY BISCAYNE
- GDNS OF KEY BISC – ALHAMB
- GDNS OF KEY BISC-ALHAMBRA
- GOVERNORS LODGE ASSOC CON
- GRAND BAY RESIDENCES COND
- GRAND BAY TOWER CONDO
- GRAND KEY ESTATES
- GRAPETREE TOWNHOUSE CONDO
- HOLIDAY COLONY
- HURRICANE COVE
- INDIES CONDO
- ISLAND BREAKERS CONDO
- ISLAND HOUSE
- ISLAND HOUSE APT INC – CO
- KEY BISC AMBASSADOR CONDO
- Key Biscayne
- KEY BISCAYNE COMMODORE CL
- KEY BISCAYNE COMMODORE CLUB
- KEY BISCAYNE VI CONDO
- KEY BISCAYNES COMMODORE C
- KEY COLONY
- KEY COLONY NO 1
- KEY COLONY NO 2 CONDO
- KEY COLONY NO 4 CONDO
- KEY ISLANDER CONDO
- Key Islander Condominium
- LAKE TOWER CONDO
- LAKE VILLA ONE CONDO
- LAKE VILLA THREE CONDO
- LAKE VILLA TWO CONDO
- LE PHARE KEY BISCAYNE CON
- MAR-AZUL CONDO
- MASHTA ISLAND
- MASHTA ISLAND A REPLAT OF
- MASHTA POINT SUB
- MATHESON ESTATES
- OCEAN LANE PLAZA CONDO
- OCEAN TOWER ONE CONDO
- OCEAN TOWER TWO CONDO
- OCEAN VILLAGE CONDO
- OCEANA KEY BISCAYNE CONDO
- RESORT VILLA ONE CONDO
- RESORT VILLA TWO CONDO
- SANDS OF KEY BISCAYNE CON
- SMUGGLERS COVE
- SOLIMAR CONDO OF KEY BISC
- SUNRISE CLUB CONDO
- SUNRISE MANOR CONDO
- THE EMERALD BAY
- THE EMERALDBAY @ KEY COLO
- THE EMERALDBAY @ KEY COLON
- THE PALMS OF KEY BISCAYNE
- THE PYRAMIDS @ KEY BISCAY
- TOWERS OF KEY BISCAYNE CO
- TROPICAL ISLE HOMES RESUB
- TROPICAL ISLE HOMES SUB
- TROPICAL ISLE HOMES SUB 1
- TROPICAL ISLE HOMES SUB 2N
- TROPICAL ISLE HOMES SUB 3
- TROPICAL ISLE HOMES SUB 4
- TROPICAL ISLES HOMES
Market Summary
Current real estate data for Single Family in Key Biscayne as of Nov 13, 2026
47
Single Family Listed
142
Avg DOM
2,682
Avg $ / SqFt
$14,182,574
Avg List Price
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 $2,682. The average listing price for Single Family in Key Biscayne is $14,182,574.
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