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
- 101 CONDOMINIUM
- 150 SUNRISE DRIVE CONDO
- 155 SUNRISE CONDO
- 544-548 FERNWOOD CONDO
- BAHAMA HOUSE CONDO,Bahama House
- BAHAMA HOUSE SOUTH CONDO
- BAHAMA HOUSE SOUTH CONDO,KEY CASSA
- BAHIA MAR CONDO OF KEY BI
- Beach Haus Key Biscayne,Beach Haus
- BISC KEY ESTATES
- BISCAYNE KEY ESTATES
- BLUE PELICAN CONDO
- CAPE FLA CLUB CONDO CLUST
- CAPE FLA SUB SEC 2
- CAPE FLORIDA CLIB CONDO P
- CAPE FLORIDA CLUB CONDO P
- CAPE FLORIDA SUB SEC 1
- CAPE FLORIDA SUB SEC 3
- CAPE FLORIDA SUB SEC 3,Village Estate
- CASA DEL MAR
- CASA DEL MAR CONDO
- CAY POLYNESIA CONDO
- CLUB TOWER ONE CONDO
- CLUB TOWER THREE CONDO
- CLUB TOWER THREE CONDO,CLUB TOWER THREE CON
- CLUB TOWER TWO CONDO
- commodore club
- COMMODORE CLUB SOUTH COND
- COMMODORE CLUB SOUTH COND,COMMODORE
- COMMODORE CLUB SOUTH COND,COMMODORE CLUB SOUTH
- Commodore Club South Condo
- COMMODORE CLUB WEST CONDO
- COMMODORE CLUB WEST CONDO,COMMODORE CLUB
- CRANDON TOWER CONDO
- G B RESORT CONDO HOTEL
- G B Resort Condo Hotel,Ritz Carlton
- G B VILLAS
- GALEN 250 CONDO
- GALEN DRIVE CONDO APTS
- GALEN DRIVE WEST CONDOMIN
- GRAND BAY RESIDENCES COND
- GRAND BAY RESIDENCES COND,GRAND BAY
- GRAND BAY TOWER CONDO
- GRAND BAY TOWER CONDO,GRAND BAY
- GRAND BAY TOWER CONDO,GRAND BAY TOWER COND
- GRAPETREE TOWNHOUSE CONDO
- HOLIDAY COLONY
- INDIES CONDO
- ISLAND BREAKERS CONDO
- ISLAND HOUSE
- ISLAND HOUSE APT INC – CO
- KEY BISC AMBASSADOR CONDO
- KEY BISC AMBASSADOR CONDO,Key Biscayne Ambassa
- Key Biscayne Ambassador Co
- KEY BISCAYNE COMMODORE CL
- KEY BISCAYNE COMMODORE CL,Commodore
- KEY BISCAYNE ONE HUNDRED
- KEY BISCAYNE VI CONDO
- KEY BISCAYNE VI CONDO,KEY BISCAYNE VI COND
- KEY BISCAYNE VI CONDO,KEY BISCAYNE VICONDO
- KEY BISCAYNES COMMODORE C
- Key Cassa
- KEY COLONY
- KEY COLONY CONDO #4,KEY COLONY CONDO 4
- Key Colony Condo 01,KEY COLONY NO 1
- Key Colony I
- KEY COLONY NO 1
- KEY COLONY NO 1,KEY COLONY
- Key Colony No 1,Key Colony-Tidemark
- KEY COLONY NO 1,Tidemark
- KEY COLONY NO 1,TIDEMARK KEY COLONY
- Key Colony No 2
- KEY COLONY NO 2 CONDO
- KEY COLONY NO 2 CONDO,KEY COLONY NO 2 COND
- KEY COLONY NO 2 CONDO,Oceansoun
- KEY COLONY NO 4 CONDO
- KEY COLONY NO 4 CONDO,Key Colony
- KEY COLONY NO 4 CONDO,Key Colony Botanica
- KEY COLONY NO 4 CONDO,KEY COLONY NO 4 COND
- KEY ISLANDER CONDO
- Key Islander Condo,Key Islander condo
- LAKE TOWER CONDO
- LAKE VILLA ONE CONDO
- LAKE VILLA ONE CONDO,The Ocean Club
- LAKE VILLA THREE CONDO
- LAKE VILLA TWO CONDO
- Le Phare Condo,Le phare
- LE PHARE KEY BISCAYNE CON
- LE PHARE KEY BISCAYNE CON,Le Phare
- LE PHARE KEY BISCAYNE CON,LE PHARE KEY BISCAYN
- MAR-AZUL CONDO
- MASHTA ISLAND
- MASHTA ISLAND A REPLAT OF
- MATHESON ESTATES
- MATHESON ESTATES,MATHESON STATES
- NORTH SUNRISE INC CONDO
- OCEAN LANE PLAZA CONDO
- Ocean Tower 2,Ocean Club
- OCEAN TOWER ONE CONDO
- OCEAN TOWER ONE CONDO
- OCEAN TOWER ONE CONDO,Ocean Club
- OCEAN TOWER ONE CONDO,OCEAN TOWER ONE COND
- OCEAN TOWER TWO CONDO
- OCEAN TOWER TWO CONDO,OCEAN TOWER TWO COND
- OCEAN VILLAGE CONDO
- OCEAN VILLAGE CONDO,OCEAN VILLAGE
- OCEAN VILLAGE CONDO,Ocean Village Condo
- Oceana Key Biscayne
- OCEANA KEY BISCAYNE CONDO
- OCEANA KEY BISCAYNE CONDO,OCEANA
- OCEANA KEY BISCAYNE CONDO,OCEANA KEY BISCAYNE
- Oceansound Phase II
- RESORT VILLA ONE CONDO
- RESORT VILLA ONE CONDO,Resort Villa One
- RESORT VILLA ONE CONDO,RESORT VILLA ONE CON
- RESORT VILLA TWO CONDO
- SANDS OF KEY BISCAYNE CON
- SANDS OF KEY BISCAYNE CON,SANDS OF KEY BISCAYN
- SANDS OF KEY BISCAYNE,SANDS OF KEY BISCAYN
- SMUGGLERS COVE
- SOLIMAR CONDO OF KEY BISC
- SOLIMAR CONDO OF KEY BISC,SOLIMAR CONDO
- SUNRISE CLUB CONDO
- SUNRISE CLUB CONDO,100 SUNRISE
- SUNRISE MANOR CONDO
- THE EMERALD BAY
- THE EMERALD BAY Key Colony
- THE EMERALDBAY
- THE EMERALDBAY @ KEY COLO
- THE EMERALDBAY @ KEY COLO,KEY COLONY
- THE EMERALDBAY @ KEY COLO,THE EMERALD BAY
- THE EMERALDBAY @ KEY COLON
- THE EMERALDBAY KEY COLONY
- The Ocean Club
- THE PALMS OF KEY BISCAYNE
- THE PYRAMIDS @ KEY BISCAY
- TIDEMARK KEY COLONY NO 1,Key Colony
- Tidemark,Key Colony
- 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 CON
- TROPICAL ISLE HOMES SUB
- TROPICAL ISLE HOMES SUB 1
- TROPICAL ISLE HOMES SUB 2N
- TROPICAL ISLE HOMES SUB 3
- TROPICAL ISLE HOMES SUB 3,TROPICAL ISLE HOMES
- TROPICAL ISLE HOMES SUB 4
- VILLAHARBOUR APTS CONDO
Market Summary
Current real estate data for Single Family in Key Biscayne as of Oct 18, 2026
44
Single Family Listed
157
Avg DOM
2,544
Avg $ / SqFt
$13,630,114
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 $2,544. The average listing price for Single Family in Key Biscayne is $13,630,114. To schedule a showing of MLS#a12074814 at 501 Bay Lane in Key Biscayne, FL, contact your CENTURY 21 Carioti agent at 2392986550.
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