How do I schedule a tour of 501 Bay Lane, Key Biscayne, FL 33149?

Use the Tour button on this listing to request a showing of 501 Bay Lane, Key Biscayne, FL 33149. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity Realty agent will confirm your visit, often the same day.

Is 501 Bay Lane, Key Biscayne, FL 33149 still available?

501 Bay Lane, Key Biscayne, FL 33149 is currently listed as Active. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.

How much is the monthly payment for 501 Bay Lane, Key Biscayne, FL 33149?

With 20% down ($1,198,000) on the $5,990,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 501 Bay Lane, Key Biscayne, FL 33149 is about $31,480/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.

How do I get pre-approved to buy 501 Bay Lane, Key Biscayne, FL 33149?

Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 501 Bay Lane, Key Biscayne, FL 33149. Contact Pure Equity Realty and we'll connect you with a trusted local lender to review your financing options, no obligation.

What schools serve 501 Bay Lane, Key Biscayne, FL 33149?

501 Bay Lane, Key Biscayne, FL 33149 is zoned for Key Biscayne K-8 (elementary), Ponce De Leon (middle), Coral Gables (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.

Can I negotiate the price of 501 Bay Lane, Key Biscayne, FL 33149?

Often, yes. The right offer on 501 Bay Lane, Key Biscayne, FL 33149 depends on how it's priced against comparable single family sales in Key Biscayne, how long it's been listed, and how motivated the seller is. Pure Equity Realty will run the comps and help you craft a competitive, well-supported offer.

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$5,990,000

501 Bay Lane

Key Biscayne, FL 33149

TROPICAL ISLE HOMES SUB 3

Explore the area: Key Biscayne homes for sale · Miami Dade County real estate

Bedrooms

Bathrooms

4,759

Living Sq Ft

1995

Year Built

Estimated monthly payment

$31,480 /mo

Principal and interest only, based on $1,198,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.

Customize this estimate

Listing Snapshot

Price: $5,990,000
Days on Site: 0 Days
Bedrooms: 5
Total Baths: 5
Full Baths: 4
Partial Baths: 1
Living Area: 4,759 sqft
Total Sq Ft: 6,298 sqft
Lot Size: 0.23 Acres
Year Built: 1995
Property Type: Single Family
MLS #: A12074814
Property Tax: $24,587 (2025)
Subdivision: TROPICAL ISLE HOMES SUB 3
County: Miami Dade
Status: Active
Special Conditions: Listed As Is

About This Property

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

General Features

Property Type: Single Family
Status: Active
Year Built: 1995
Property Condition: Resale
Number of Stories: 2
Levels: Two
Garage Spaces: 2
Parking: Circular Driveway / Covered / Driveway / Garage / Garage Door Opener
Direction Faces: North
Lot Size (Acres): 0.23
Living Sq Ft: 4,759
Total Sq Ft: 6,298
Sewer: Public Sewer
Water Source: Public
Zoning: 2000

Interior Features

Appliances: Dryer / Dishwasher / Electric Range / Electric Water Heater / Microwave / Oven / Refrigerator / Washer
Cooling: Electric
Heating: Electric
Flooring: Ceramic Tile / Tile
Interior Features: Bidet / Built In Features / Bathtub / Dining Area / Separate Formal Dining Room / Dual Sinks / Main Level Primary / Soaking Tub / Separate Shower / Tub Shower / Upper Level Primary / Walk In Closets
Windows: Blinds / Drapes / Rods
Total Rooms: 2
Furnished: Unfurnished

Exterior Features

Construction: Block
Roof: Spanish Tile
Exterior Features: Outdoor Living Area
Private Pool: Yes
Pool Features: In Ground / Association
Patio & Porch: Patio / Porch
View: Garden

Community & HOA

Association Amenities: Fitness Center / Pool
Pets Allowed: Yes
55+ Community: Yes
Financing Terms: Cash / Conventional
MLS Area: 2520

Schools

Elementary School: Key Biscayne K-8
Middle School: Ponce De Leon
High School: Coral Gables

About the Community

Tropical Isle Homes

View Community Details →

Homes for Sale: 12
Under Contract: 2
Median List Price: $6,445,000
Median $/Sq Ft: $1,770
Avg Days on Market: 116

View all 12 homes for sale in Tropical Isle Homes →

Frequently Asked Questions

How do I schedule a tour of 501 Bay Lane, Key Biscayne, FL 33149?: Use the Tour button on this listing to request a showing of 501 Bay Lane, Key Biscayne, FL 33149. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity Realty agent will confirm your visit, often the same day.
Is 501 Bay Lane, Key Biscayne, FL 33149 still available?: 501 Bay Lane, Key Biscayne, FL 33149 is currently listed as Active. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
How much is the monthly payment for 501 Bay Lane, Key Biscayne, FL 33149?: With 20% down ($1,198,000) on the $5,990,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 501 Bay Lane, Key Biscayne, FL 33149 is about $31,480/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
How do I get pre-approved to buy 501 Bay Lane, Key Biscayne, FL 33149?: Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 501 Bay Lane, Key Biscayne, FL 33149. Contact Pure Equity Realty and we'll connect you with a trusted local lender to review your financing options, no obligation.
What schools serve 501 Bay Lane, Key Biscayne, FL 33149?: 501 Bay Lane, Key Biscayne, FL 33149 is zoned for Key Biscayne K-8 (elementary), Ponce De Leon (middle), Coral Gables (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
Can I negotiate the price of 501 Bay Lane, Key Biscayne, FL 33149?: Often, yes. The right offer on 501 Bay Lane, Key Biscayne, FL 33149 depends on how it's priced against comparable single family sales in Key Biscayne, how long it's been listed, and how motivated the seller is. Pure Equity Realty will run the comps and help you craft a competitive, well-supported offer.

Listing courtesy of One Sotheby's International Realty

Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity Realty. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated August 30, 2026.

$5,990,000