501 Bay Lane
Key Biscayne, FL 33149
$5,990,000
$1,259/ft²
About this 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
Property details
Listing
- MLS #
- A12074814
- Status
- For sale
- Listed on
- Aug 24, 2026
- Days on market
- 3 days
- Listing data updated
- Aug 24, 2026
Interior
- Beds
- 5
- Baths
- 4.5
- Living area
- 4,759 ft²
- Price per ft²
- $1,259/ft²
Building & community
- Type
- Single-family home
- Year built
- 1995
- County
- Miami-Dade
Lot & exterior
- Lot size
- 10,000 ft²
Days on market, price per ft² and the monthly HOA amount are calculated by this site from the MLS data shown; the association fee is normalized to a monthly figure.
What's nearby
- Elementary school
- KEY BISCAYNE K-8 CENTER · 0.4 mi away
- Middle school
- KEY BISCAYNE K-8 CENTER · 0.4 mi away
- High school
- MAST ACADEMY · 3.2 mi away
- Transit
- CRANDON BD & MCINTYRE ST · 0.6 mi away
- Supermarket
- Winn-Dixie · 0.5 mi away
- Park
- Harbor Park · 0.1 mi away
- Pharmacy
- CVS Pharmacy · 0.6 mi away
Straight-line distances · Sources: NCES/FL DOE, GTFS Miami-Dade and Broward, OpenStreetMap
True monthly cost
- Mortgage (principal & interest)
- $30,289
- Property taxes (est.)
- $5,491
- Home insurance (est.)
- $4,493
- Flood insurance (est.)
- —
Estimated total$40,273*/mo
* Some cost lines aren't available yet for this listing; the total shown is incomplete.
Based on 20% down, a 6.5% rate and a 30-year loan, plus this home's estimated Florida carrying costs. All figures are illustrative estimates — not quotes, not financial or insurance advice.
Sources: flood zone — FEMA National Flood Hazard Layer; mortgage, taxes and insurance figures — this site's own estimates; HOA / CDD — as reported for this listing.
What will this home really cost you?
Location
Mortgage calculator
$30,289/moEstimated principal & interest. Taxes, insurance, and HOA are not included. This is an estimate, not a quote or financial advice.
This listing is courtesy of One Sotheby's International Realty.
Brigitte Nachtigall · 305-710-9664 · Brigitte@bnachtigall.com · 305-365-2811
Data deemed reliable, but is not guaranteed accurate by MIAMI REALTORS®.
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