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
For sale
$5,990,000
501 Bay Ln, Key Biscayne, FL 33149
5beds
4,759sqft
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
- 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#: A12074814
Originating 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
| Date | Event | Price |
|---|---|---|
| 8/24/2026 | Listed for sale | $5,990,000+76.2%$1,259/sqft |
Source: | ||
| 3/23/2018 | Listing removed | $3,400,000$714/sqft |
Source: Fortune International Realty #A2143286 Report a problem | ||
| 4/27/2017 | Listed for sale | $3,400,000-12.8%$714/sqft |
Source: Fortune International Realty #A2143286 Report a problem | ||
| 1/28/2016 | Price change | $3,900,000-11.2%$819/sqft |
Source: Fortune International Realty #A2143286 Report a problem | ||
| 10/7/2015 | Price change | $4,390,000-10.4%$922/sqft |
Source: Fortune International Realty #A2143286 Report a problem | ||
| 7/22/2015 | Listed for sale | $4,900,000+988.9%$1,030/sqft |
Source: Fortune International Realty #A2143286 Report a problem | ||
| 11/2/1994 | Sold | $450,000$95/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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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Neighborhood: 33149
Nearby schools
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.






