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
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:
tropicalislehomessub3
Listed Date:
Aug 24, 2026
Finished Sq Ft:
4,759
Total Sq Ft:
6,298
Year Built:
1995
See this Listing
Schools
Elementary School:
Keybiscayne
Middle School:
Ponce De Leon
High School:
Coral Gables
Interior
Appliances
Dishwasher, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Wall Oven, Washer
Bathrooms
4 Full Bathrooms, 1 Half Bathroom
Cooling
Electric
Flooring
Ceramic Floor, Tile
Heating
Electric
Interior Features
First Floor Entry, Built-in Features, Walk-In Closet(s), Den/Library/Office, Family Room
Exterior
Architectural Style
Attached, Two Story
Community Features
Pool, Exercise Room, Public Road
Construction Materials
CBS Construction
Covered Spaces
2
Direction Faces
North
Garage Spaces
2
Lot Features
Less Than 1/4 Acre Lot
Open Parking YN
1
Parking Features
Circular Driveway, Covered, Driveway
Patio And Porch Features
Open Porch, Patio
Roof
Curved/S-Tile Roof
View
Garden
Window Features
Complete Accordian Shutters, Blinds, Drapes
Financial
Tax Year
2025
Taxes
$24,587
Map
Community
- Address501 Bay Lane Key Biscayne FL
- SubdivisionTROPICAL ISLE HOMES SUB 3
- CityKey Biscayne
- CountyMiami-Dade County
- Zip Code33149
Subdivisions in Key Biscayne
- 155 SUNRISE CONDO
- 32 54 42 & 5 55 42,TORPICAL HOMES
- 325 FERNWOOD ROAD CONDO
- 544-548 FERNWOOD CONDO
- 596 Fernwood
- BAHAMA HOUSE SOUTH CONDO
- BAHAMA HOUSE SOUTH CONDO,KEY CASSA
- 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 CLUB CONDO PCAPE FLORIDA CLUB CO
- CAPE FLORIDA SUB SEC 1
- CAPE FLORIDA SUB SEC 3
- CAPE FLORIDA SUB SEC 3,Village Estate
- CASA DEL MAR CONDO
- CASA DEL MAR CONDO,CASA DEL MAR
- CASA DEL MAR CONDOCASA DEL MAR
- CAY POLYNESIA CONDO
- CAY POLYNESIA CONDO,Cay Polynesia
- CLUB TOWER ONE CONDO
- CLUB TOWER ONE CONDO,THE OCEAN CLUB
- CLUB TOWER THREE CONDO
- CLUB TOWER TWO CONDO
- COMMODORE CLUB EAST
- COMMODORE CLUB SOUTH COND
- COMMODORE CLUB SOUTH CONDCommodore Club South
- COMMODORE CLUB WEST CONDO
- COMMODORE CLUB WEST CONDO,COMMODORE CLUB
- COMMODORE CLUB WEST CONDO,COMMODORE CLUB WEST
- COMMODORE CLUB WEST CONDOCommodore Club West
- CRANDON TOWER CONDO
- G B RESORT CONDO HOTEL
- G B VILLAS
- GALEN BREAKERS CONDO
- GALEN BREAKERS CONDOMINIU,Galen Breakers
- GALEN DRIVE CONDO APTS
- GARDENS OF KEY BISCAYNEGARDENS OF KEY BISCA
- GDNS OF KEY BISC-ALHAMBRA
- GOVERNORS LODGE ASSOC CON
- GRAND BAY RESIDENCES COND
- GRAND BAY RESIDENCES COND,GRAND BAY
- GRAND BAY RESIDENCES CONDGrand Bay
- GRAND BAY RESIDENCES CONDGRAND BAY RESIDENCES
- GRAND BAY TOWER CONDO
- GRAND BAY TOWER CONDOGRAND BAY RESORT AND
- GRAPETREE TOWNHOUSE CONDO
- HOLIDAY COLONY
- HURRICANE COVE
- INDIES CONDO
- ISLAND BREAKERS CONDO
- ISLAND BREAKERS CONDOISLAND BREAKERS COND
- ISLAND HOUSE
- ISLAND HOUSE APT INC – CO
- KEY BISC AMBASSADOR CONDO
- KEY BISCAYNE COMMODORE CL
- KEY BISCAYNE COMMODORE CLCOMMODORE CLUB EAST
- KEY BISCAYNE VI CONDO
- KEY BISCAYNE VI CONDOKEY BISCAYNE VI COND
- KEY BISCAYNES COMMODORE C
- KEY COLONY
- KEY COLONY NO 1
- KEY COLONY NO 1,key colony
- KEY COLONY NO 1Key Colony
- KEY COLONY NO 1Tidemark
- KEY COLONY NO 2 CONDO
- KEY COLONY NO 2 CONDO,KEY COLONY NO 2 COND
- KEY COLONY NO 2 CONDOKey Colony
- KEY COLONY NO 2 CONDOKEY COLONY NO 2 COND
- KEY COLONY NO 2 CONDOKEY COLONY OCEANSOUN
- KEY COLONY NO 4 CONDO
- KEY COLONY NO 4 CONDO,KEY COLONY NO 4 COND
- KEY COLONY NO 4 CONDOKEY COLONY CONDO #4
- KEY COLONY NO 4 CONDOKEY COLONY NO 4 CO
- KEY ISLANDER CONDO
- Key Islander CondominiumKey Islander Condomi
- LAKE TOWER CONDO
- LAKE TOWER CONDOLake Tower
- LAKE TOWER CONDOThe Ocean Club
- LAKE VILLA ONE CONDO,The Ocean Club
- LAKE VILLA THREE CONDO
- LAKE VILLA TWO CONDO
- LAKE VILLA TWO CONDOThe Ocean Club
- LE PHARE KEY BISCAYNE CON
- MAR-AZUL CONDO
- MASHTA ISLAND
- MASHTA ISLAND A REPLAT OF
- MASHTA POINT SUB
- MATHESON ESTATES,MATHESON STATES
- OCEAN LANE PLAZA CONDO
- OCEAN LANE PLAZA CONDO,OCEAN LANE PLAZA CON
- OCEAN TOWER ONE CONDO
- OCEAN TOWER ONE CONDOOCEAN TOWER ONE COND
- OCEAN TOWER TWO CONDO
- OCEAN TOWER TWO CONDO,THE OCEAN CLUB
- OCEAN TOWER TWO CONDOTHE OCEAN CLUB
- OCEAN VILLAGE CONDO
- OCEANA KEY BISCAYNE CONDO
- OCEANA KEY BISCAYNE CONDO,OCEANA KEY BISCAYNE
- OCEANA KEY BISCAYNE CONDOOCEANA KB
- OCEANA KEY BISCAYNE CONDOOCEANA KEY BISCAYNE
- RESORT VILLA ONE CONDO,RESORT VILLA ONE CON
- RESORT VILLA ONE CONDORESORT VILLA ONE
- RESORT VILLA TWO CONDO
- RESORT VILLA TWO CONDOTHE OCEAN CLUB
- SANDS OF KEY BISCAYNE CON
- SANDS OF KEY BISCAYNE CON,SANDS OF KEY BISCAYN
- SMUGGLERS COVE
- SOLIMAR CONDO OF KEY BISC
- SUNRISE CLUB CONDO
- SUNRISE CLUB CONDO,100 SUNRISE
- SUNRISE MANOR CONDO
- THE EMERALD BAY
- THE EMERALDBAY @ KEY COLO
- THE EMERALDBAY @ KEY COLO,KEY COLONY
- THE EMERALDBAY @ KEY COLOKEY COLONY
- THE EMERALDBAY @ KEY COLON,KEY COLONY
- THE EMERALDBAY @ KEY COLOTHE EMERALD BAY
- THE EMERALDBAY @ KEY COLOTHE EMERALDBAY @ KEY
- THE PALMS OF KEY BISCAYNE
- THE PALMS OF KEY BISCAYNE,The palms of keybis.
- THE PALMS OF KEY BISCAYNEPalms of Key Biscayn
- THE PYRAMIDS @ KEY BISCAY
- TOWERS OF KEY BISCAYNE CO
- TOWERS OF KEY BISCAYNE CO,The Towers of Key Bi
- TOWERS OF KEY BISCAYNE CO,TOWERS OF KEY BISCAY
- TOWERS OF KEY BISCAYNE COTowers Key Biscayne
- TOWERS OF KEY BISCAYNE COTOWERS OF KEY BISCAY
- 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 ISLE HOMES SUB 4,KEY COLONY
- TROPICAL ISLES HOMESTROPICAL ISLE HOMES
Market Summary
Current real estate data for Single Family in Key Biscayne as of Nov 08, 2026
42
Single Family Listed
162
Avg DOM
2,654
Avg $ / SqFt
$14,770,881
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 $2,654. The average listing price for Single Family in Key Biscayne is $14,770,881. To schedule a showing of MLS#a12074814 at 501 Bay Lane in Key Biscayne, FL, contact your Julien Drieu agent at 7862380927.
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