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501 Bay LaneKey Biscayne, FL 33149

For Sale

$5,990,000

Smart Buyer Rebate $59,900

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

Listed by Brigitte Nachtigall

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License #0542022

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One Sotheby's International Realty

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MLS@onesothebysrealty.com

Listed by Jorge Boj

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License #3016066

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One Sotheby's International Realty

Last updated September 09, 2026

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Source: MIAMIRE #A12074814

Listing Facts

  • TypeSingle-family
  • NeighborhoodVillage of Key Biscayne
  • Bedrooms5
  • Bathrooms4.5
  • Days on Prevu22
  • Taxes$24,587/year
  • Size4,759 sqft
  • Price per sqft$1,259

Amenities

  • Dishwasher
  • Private Outdoor Space
  • Washer/Dryer
  • Pets Allowed
  • Parking
  • Swimming Pool
  • Fitness Center

Location

Mortgage Calculator

Listing History

08/24/2026
Listed by One Sotheby's International Realty
$5,990,000
  1. 08/24/2026$5,990,000
    Listed by One Sotheby's International Realty

Property Details for 501 Bay Lane

Association

Amenities

  • Community Features: Pool, Fitness Center
  • Pets Allowed: Cats OK, Dogs OK, Yes

Exterior

Construction

  • Roof: Spanish Tile
  • Stories: 2
  • Window Features: Blinds, Drapes
  • Year Built: 1995
  • Year Built Details: Resale
  • Architectural Style: Two Story
  • Construction Materials: Block

Features

  • Direction Faces: North
  • Patio And Porch Features: Patio, Porch
  • Pool Features: In Ground, Community, Private
  • Pool Private: Yes
  • Road Frontage Type: City Street
  • View: Garden

Measurements

  • Building Area Total: 6,298
  • Lot Size Area: 10,000
  • Lot Size Square Feet: 10,000
  • Lot Size Units: Square Feet

Financial

Taxes

  • Parcel Number: 24-42-32-005-0730
  • Tax Annual Amount: $24,587.00
  • Tax Year: 2025

Interior

Features

  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer, Oven
  • Flooring: Ceramic Tile, Tile
  • Interior Features: Bidet, Built-in Features, Walk-In Closet(s), Master Downstairs

Measurements

  • Living Area: 4,759

Rooms

  • Bathrooms Full: 4
  • Bathrooms Half: 1
  • Bathrooms Total Integer: 5
  • Bedrooms Total: 5

Other

Location

  • Subdivision Name: TROPICAL ISLE HOMES SUB 3

Parking

Parking

  • Covered Spaces: 2
  • Garage Spaces: 2
  • Garage: Yes
  • Parking Features: Circular Driveway, Covered, Driveway, Garage Door Opener

Schools

Elementary School

  • Elementary School: Keybiscayne

High School

  • High School: Coral Gables

Middle or Junior School

  • Middle Or Junior School: Ponce De Leon

Utilities

Equipment

  • Cooling: Electric
  • Has Cooling: Yes
  • Heating: Electric
  • Has Heating: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Frequently Asked Questions

How many bedrooms and bathrooms does this single-family home have?

There are 5 bedrooms and 4.5 bathrooms in this single-family home at 501 Bay Lane.

What schools are nearby to 501 Bay Lane?

Nearby schools include the Keybiscayne Elementary School, Ponce De Leon Middle School, and Coral Gables High School.

Does this single-family home have parking?

Yes, there are 2 parking spaces available for 501 Bay Lane.

What are the annual taxes for 501 Bay Lane?

Annual taxes for this single-family home are estimated at $24,587.

How does 501 Bay Lane compare to other single-family homes in Village of Key Biscayne?

This single-family home is listed 42% above the average price for single-family homes in Village of Key Biscayne and has been on the market for 65 less days than the typical home in this area.

What is the square footage on this single-family home?

According to the MLS, this listing is 4,759 sqft.

501 Bay Lane is a 5-bedroom, 4.5-bath single-family home for sale in Key Biscayne FL 33149. Listed on Prevu for 22 days at $5,990,000. This home features 4,759 square feet of living space, located in Village of Key Biscayne. The median listing price for single-family homes in this area is $2,287,500. Nearby schools include Keybiscayne Elementary School, Ponce De Leon Middle School, and Coral Gables High School. The home offers private outdoor space, dishwasher, pets allowed, fitness center, parking, swimming pool, and washer/dryer. Browse more single-family home listings in Key Biscayne.

Based on information from Miami Association of REALTORS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.