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For sale
  • $5,990,000

    501 Bay Ln, Key Biscayne, FL 33149

    5beds
    4,759sqft
    : 
    $43,776/mo
    Get pre-qualified
    Single Family Residence
    Built in 1995
    10,000 Square Feet Lot
    $5,585,900 Zestimate®
    $1,259/sqft
    $-- HOA

    What's special

    Beautiful swimming poolFive bedroomsAbundant natural lightPrivate backyardExpansive covered terraceHigh ceilingsLight-filled home
    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
    39 days
    580
    21

    Zillow last checked:

    Listing updated:

    Listed by:

    Brigitte Nachtigall MLS@onesothebysrealty.com,

    One Sotheby's International Realty,

    Jorge Boj 305-803-6956,

    One Sotheby's International Realty

    Source: MIAMI,MLS#: A12074814MLS LogoOriginating MLS: A-Miami Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 5
      • Full bathrooms: 4
      • 1/2 bathrooms: 1
      Rooms
      • Room types: Den/Library/Office, Family Room
      Heating
      • Electric
      Cooling
      • Electric
      Appliances
      • Included: Dishwasher, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Oven, Washer
      Features
      • Built-in Features, Walk-In Closet(s)
      • Flooring: Ceramic Tile, Tile
      • Windows: Complete Accordian Shutters, Blinds, Drapes
      Interior area
      • Total structure area: 6,298
      • Total interior livable area: 4,759 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: Circular Driveway, Covered, Driveway, Garage Door Opener
      • Garage spaces: 2
      • Has uncovered spaces: Yes
      Features
      • Stories: 2
      • Entry location: First Floor Entry
      • Patio & porch: Open Porch, Patio
      • Has private pool: Yes
      • Pool features: In Ground, Pool Only, Community
      • Has view: Yes
      • View description: Garden
      Lot
      • Size: 10,000 Square Feet
      • Features: Less Than 1/4 Acre Lot
      Details
      • Parcel number: 2442320050730
      • Zoning: 2000

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • CBS Construction
      • Roof: Curved/S-Tile Roof
      Condition
      • Year built: 1995

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Municipal Water

      Community & HOA

      Community
      • Features: Fitness Center, Pool, Exercise Room
      • Subdivision: Tropical Isle Homes Sub 3
      HOA
      • Has HOA: No
      Location
      • Region: Key Biscayne

      Financial & listing details

      • Price per square foot: $1,259/sqft
      • Tax assessed value: $3,533,572
      • Annual tax amount: $24,587
      • Date on market: 8/24/2026
      • Listing terms: All Cash,Conventional

        Estimated market value

        $5,585,900

        $5.31M - $5.87M

        Not available

        Price history

        DateEventPrice
        8/24/2026Listed for sale$5,990,000+76.2%$1,259/sqft
        Source: MIAMI #A12074814 Report a problem
        3/23/2018Listing removed$3,400,000$714/sqft
        Source: Fortune International Realty #A2143286 Report a problem
        4/27/2017Listed for sale$3,400,000-12.8%$714/sqft
        Source: Fortune International Realty #A2143286 Report a problem
        1/28/2016Price change$3,900,000-11.2%$819/sqft
        Source: Fortune International Realty #A2143286 Report a problem
        10/7/2015Price change$4,390,000-10.4%$922/sqft
        Source: Fortune International Realty #A2143286 Report a problem
        7/22/2015Listed for sale$4,900,000+988.9%$1,030/sqft
        Source: Fortune International Realty #A2143286 Report a problem
        11/2/1994Sold$450,000$95/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$24,587 +2.4%$1,508,836 +2.9%
        2024$24,006 +1.3%$1,466,313 +3%
        2023$23,694 +5.4%$1,423,605 +3%
        2022$22,473 -0.2%$1,382,141 +3%
        2021$22,523 +6.1%$1,341,885 +1.4%
        2020$21,231 +2.1%$1,323,358 +2.3%
        2019$20,792 +5.4%$1,293,606 +1.9%
        2018$19,729 $1,269,486 +2.1%
        2017$19,729 +1.3%$1,243,376 +2.1%
        2016$19,477 -1.5%$1,217,803 +0.7%
        2015$19,783 -1.5%$1,209,338 +0.8%
        2014$20,083 +3.2%$1,199,741 +1.5%
        2013$19,467 +0%$1,182,011 +1.7%
        2012$19,467 +2.4%$1,162,253 +3%
        2011$19,013 -5.5%$1,128,401 +1.5%
        2010$20,129 +8%$1,111,726 +2.7%
        2009$18,639 +4.1%$1,082,499 +5.6%
        2007$17,913 -6.7%$1,024,921
        2006$19,210 --
        2005$19,210 +1.2%--
        2004$18,978 +3.5%--
        2003$18,329 +3%--
        2002$17,799 --
        2001$17,799 --
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 33149

        Getting around

        26 / 100
        Car-Dependent
        45 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Keybiscayne
        • Middle: Ponce De Leon
        • High: Coral Gables

        Source: MIAMI. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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