Premier Brokers International
501 Bay Lane, Key Biscayne, FL 33149
ActiveBeachesMLS
ActiveMLS® A12074814
$5,990,000

501 Bay Lane, Key Biscayne, FL 33149

Beds
5
Baths
5
Sqft
4,759
Est. payment$43,061/mo
Home type
Single Family Residence
Year built
1995
Lot size
—
Price / sqft
$1,259
HOA
—
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
—
Listed
—
MLS listing updated
Sep 9, 2026
Feed last checked
10 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
Property

Not reported by the listing source.

Construction

Type & style

Home type
Single Family Residence
Year built
1995
Utilities & green energy

Not reported by the listing source.

Community & HOA

Community

Subdivision
TROPICAL ISLE HOMES SUB 3
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
Additional MLS details

Reported by the listing source

Bathrooms Total Integer
5
County Or Parish
Miami-Dade
List Price
5990000
Living Area
4759
Mls Status
Active
Postal Code
33149
Property Sub Type
Single Family Residence
Property Type
Residential
Standard Status
Active
State Or Province
FL
Subdivision Name
TROPICAL ISLE HOMES SUB 3
Bedrooms Total
5

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
Sep 9, 2026Price updatedBeachesMLS$5,990,000$1,259/sqft

Public tax history

—

Payment calculator

Estimated monthly payment$43,061/moIllustrative estimate, not a loan offer.
Principal & interest
$31,081
Property taxes
$8,985
Insurance
$2,995
Association dues
—

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

Not reported by the listing source.

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
BeachesMLS

BeachesMLS · 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.