5-Bed Single Family Residence at TROPICAL ISLE HOMES SUB 3 in Key Biscayne

$5,990,000

Brickellsold Estimate* (fallback: list price)$5,990,000 (list price)

Listing courtesy of One Sotheby's International Realty; Brigitte Nachtigall. Information from the Southeast Florida Multiple Listing Service is deemed reliable but is not guaranteed accurate.

For Sale
bedrooms

5

bathrooms

4

Square Footage

4759

Type of Property

Single Family Residence, Residential

Details

Overview

Sub Type
Single Family Residence
Price Per Sqft
$1,259/sqft
Built In
1995
Taxes
$24,587/yr

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

This single family residence home located at 501 Bay Lane, Key Biscayne FL 33149 is currently for sale and it is a new listing on Brickellsold listed today. This property is listed at $6M. It has 5 beds, 4 bathrooms, and is 4759 square feet. It was built in 1995. 501 Bay Lane, Key Biscayne FL 33149 is in Key Biscayne county Miami-Dade County.

Interior

Bedrooms
5
Bathrooms
5
Bathrooms Full
4
Features
  • Flooring: Ceramic Floor, Tile
  • Common walls with other units/homes: Attached, Two Story
Heating
Electric
Cooling
Electric
Appliances
Dishwasher, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Wall Oven, Washer
Total structure area
6,298
Total interior livable area
4,759 sqft

Property

Parking
  • Covered Spaces: 2
  • Parking Features: Circular Driveway,Covered,Driveway
  • Garage Spaces: 2
Parcel Number
24-42-32-005-0730
Features
  • Entry location: First Floor Entry, Built-in Features, Walk-In Closet(s), Den/Library/Office, Family Room
  • Exterior Features:
  • Has View: Yes
  • View Description: Garden

Construction

Property subtype
Single Family Residence, Residential
Materials
CBS Construction
Condition
  • Year Built: 1995

Community & HOA

Community
  • Security Features:
  • Subdivision: TROPICAL ISLE HOMES SUB 3
HOA
  • Amenities:
Region
Key Biscayne

Financial

Price Per Sqft
$1,259/sqft
Taxes
$24,587/yr
On Market Date
8/23/2026
Listing Terms
All Cash, Conventional

Metadata

Added
8/24/2026
Updated
8/24/2026
MLS#
A12074814
Listed By
One Sotheby's International Realty
Originating MLS
A-Miami Association of REALTORS

Map

Price History

EventPriceDate
Original list price$5,990,000Aug 24, 2026

BrickellSold Intelligence

Unlock the complete property report

See a fair-value range, recent comparable-sales analysis, building performance, estimated ownership costs, rental returns and current market leverage.

Create a free account

Explore real estate near Key Biscayne

Compare this single family residence with current Key Biscayne, FL inventory, nearby properties, local market context, and practical Miami buyer guidance. Listing prices and availability are refreshed from the MLS.