Date
Details
Price
Change
Source
8/24/2026
Listed
$5,990,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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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
Full Property Details
Full Property Details for 501 Bay Ln
General
- Price: $5,990,000
- Taxes: $24,587 (2025)
- Status: Active
- Type: Single Family
- Source: Greater_Miami
- MLS ID: A12074814
- Updated: Today (8/24/2026)
- Added to Site: Today
Interior
- Interior Features: First Floor Entry, Built-in Features, Walk-In Closet(s), Den/Library/Office, Family Room
- Appliances: Dishwasher, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Wall Oven, Washer
- Furnishings: Unfurnished
- Flooring: Ceramic Floor, Tile
Rooms
Bathrooms
- Total Bathrooms: 5
- Full Bathrooms: 4
- Half Bathrooms: 1
- Primary Bathroom: Bidet, Combination Tub & Shower, Dual Sinks, Separate Tub & Shower
Bedrooms
- Total Bedrooms: 5
- Bedroom Features: At Least 1 Bedroom Ground Level, Primary Bath Shower, Primary Bath Tub, Primary Bedroom Upstairs
Other Rooms
- Living Room: Den/Library/Office, Family Sq. Ft.
- Dining Room: Formal Dining
Additional Information
- Shared Pool: Yes
- Pool: Yes
- Pool Description: In Ground
- Equipment: Automatic Garage Door Opener
Exterior
- Deck/Patio: Open Porch, Patio
Parking
- Garage: Yes
- Garage Spaces: 2
- Covered Spaces: 2
- Parking Features: Circular Driveway, Covered, Driveway
Location
- Area: Tropical Isle Homes Sub 3
- County: Miami-Dade County
- Subdivision: TROPICAL ISLE HOMES SUB 3
- Building Name: TROPICAL ISLE HOMES SUB 3
- Direction Faces: North
School Information
- Elementary School: Keybiscayne
- Middle School: Ponce De Leon
- High School: Coral Gables
Community
- Community Name: Tropical Isle Homes Sub 3
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Electric
- Heating Type: Electric
Utilities
- Sewer: Public Sewer
- Water: Municipal Water
Structural Information
- Architectural Style: Attached, Two Story
- Structure Type: Pool Only, House
- Detached/Attached: Detached
- Construction: CBS Construction
- Roof: Curved/S-Tile Roof
- Windows: Complete Accordian Shutters, Blinds, Drapes
- Building Size: 6298
- Square Feet: 4,759
- Living Area: 4,759 Sq. Ft.
- Year Built: 1995
Lot Features
- Property View: Garden
- Lot Size (Sq. Ft.): 10,000
- Lot Features: Less Than 1/4 Acre Lot
- Zoning: 2000
Financial Considerations
- Price Per Sq. Ft.: $1,258.67
- Tax Amount: $24,587
- Tax Year: 2025
- Terms: All Cash, Conventional
Disclosures and Reports
- Legal Description: 32 54 42 5-6 55 42 PB 50-83 TROPICAL ISLE HOMES SUB 3RD ADDN LOT 2 BLK 16 LOT SIZE 10000.00 SQ FT OR 16566-3945 1094 1
- Restrictions: Ok To Lease
- Property ID: 24-42-32-005-0730
Listed by One Sotheby's International Realty
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Listing agents
— 501 Bay Ln —
One Sotheby's International Realty
One Sotheby's International Realty
MLS@onesothebysrealty.com
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 501 Bay Ln
School District:Dade County School District
| Name | Grades | Distance |
|---|---|---|
Key Biscayne K-8 Center 150 West McIntyre Street, Key Biscayne, FL 33149 | PK-5 | 0.4 mi |
Ponce De Leon Middle School 5801 Augusto Street, Coral Gables, FL 33146 | 6-8 | 6.4 mi |
Coral Gables Senior High School 450 Bird Road, Coral Gables, FL 33146 | 9-12 | 6.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 501 Bay Ln
Tax History
Tax History for 501 Bay Ln
Year
Property Taxes
Change
Tax Assessment
Change
2025
$24,587
2%
$1,508,836
3%
2024
$24,006
1%
$1,466,313
3%
2023
$23,694
5%
$1,423,605
6%
2021
$22,523
—
$1,341,885
-3%
2022
$22,473
—
$1,382,141
4%
2021
$22,523
8%
$1,323,358
2%
2019
$20,792
5%
$1,293,606
2%
2018
$19,729
1%
$1,269,486
2%
2017
$19,477
—
$1,243,376
2%
2016
$19,493
-1%
$1,217,803
1%
2015
$19,783
-1%
$1,209,338
1%
2014
$20,083
2%
$1,199,741
1%
2013
$19,693
—
$1,182,011
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 501 Bay Ln
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- Single Family
- Active
- Updated 2 days ago
- 5Beds
- 5Total Baths
- 3,271Sq. Ft.
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- Single Family
- Active
- Updated 1 day ago
- 4Beds
- 2Total Baths
- 1,719Sq. Ft.
Listed by Lais Papaleo (786) 209-4881
- Condo
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- 2Total Baths
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- Condo
- Active
- Updated 4 days ago
- 3Beds
- 2Total Baths
- 1,093Sq. Ft.
Listed by Robert Hedquist (305) 333-7009
- Single Family
- Active
- Updated 5 hours ago
- 4Beds
- 2Total Baths
- 2,358Sq. Ft.
Listed by Andreina Zambrano (786) 925-5170
- Condo
- Active
- Updated 3 days ago
- 1Bed
- 2Total Baths
- 1,135Sq. Ft.
Listed by Pat and Pat Power Team (305) 361-7287
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- Single Family
- Closed
- Updated 12 days ago
- 4Beds
- 4Total Baths
- 3,382Sq. Ft.
Co-Listed by Maureen Jauregui
- Single Family
- Closed
- 7Beds
- 8Total Baths
- 5,528Sq. Ft.
Listed by Catalina Uribe
501 Bay Lane, Key Biscayne, FL 33149 (MLS# A12074814) is a Single Family property with 5 bedrooms, 4 full bathrooms and 1 partial bathroom. 501 Bay Lane is currently listed for $5,990,000 and was received on August 24, 2026. Want to learn more about 501 Bay Lane? Do you have questions about finding other Single Family real estate for sale in Key Biscayne? You can browse all Key Biscayne real estate or contact a Coldwell Banker agent to request more information.