How much is 501 Bay Lane?

501 Bay Lane is listed at $5,990,000, which is about $1,259 per square foot. The listing page shows comparable active listings and recent closed sales nearby so you can judge the asking price against what buyers have actually paid.

What are the property taxes on 501 Bay Lane?

The listing reports annual property taxes of $24,587 for 2025. Taxes are reassessed at the sale price after a purchase, so a new owner's bill can differ from the current owner's; use the mortgage calculator on this page for an estimate.

When was 501 Bay Lane built?

501 Bay Lane was built in 1995 and the listing describes its condition as resale. Age matters for insurance and financing in Florida: ask about the roof, the electrical panel and, for a condo built before the current code, the building's structural reserve study.

How long has 501 Bay Lane been on the market?

501 Bay Lane has been listed for 30 days. Days on market and price changes are the first signals of how much room there is to negotiate.

Which schools serve 501 Bay Lane?

The MLS lists Key Biscayne K-8 (elementary), Ponce De Leon (middle), Coral Gables (high). School assignments are set by the district and can change; verify them with the school board before you rely on them.

How do I see 501 Bay Lane?

Request a showing from this page or call BreakThru Realty and a licensed agent will arrange a private tour, in person or by video, and answer anything the listing leaves out.

501 Bay Lane, Key Biscayne, FL 33149

$5,990,000 · Active

5 beds
5 baths
4,759 sq ft
Single Family Residence
Built 1995
Lot 10,018.8 sq ft
MLS# A12074814
Tropical Isle Homes Sub 3

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

Features

Built-in Features
Walk-In Closet(s)
In Ground

Schools

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

Presented by

BreakThru Realty · (786) 914-1017

Courtesy of

One Sotheby's International Realty · Listing agent: Brigitte Nachtigall

Schedule a showing

Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to see 501 Bay Lane.

Questions About 501 Bay Lane

How much is 501 Bay Lane?: 501 Bay Lane is listed at $5,990,000, which is about $1,259 per square foot. The listing page shows comparable active listings and recent closed sales nearby so you can judge the asking price against what buyers have actually paid.
What are the property taxes on 501 Bay Lane?: The listing reports annual property taxes of $24,587 for 2025. Taxes are reassessed at the sale price after a purchase, so a new owner's bill can differ from the current owner's; use the mortgage calculator on this page for an estimate.
When was 501 Bay Lane built?: 501 Bay Lane was built in 1995 and the listing describes its condition as resale. Age matters for insurance and financing in Florida: ask about the roof, the electrical panel and, for a condo built before the current code, the building's structural reserve study.
How long has 501 Bay Lane been on the market?: 501 Bay Lane has been listed for 30 days. Days on market and price changes are the first signals of how much room there is to negotiate.
Which schools serve 501 Bay Lane?: The MLS lists Key Biscayne K-8 (elementary), Ponce De Leon (middle), Coral Gables (high). School assignments are set by the district and can change; verify them with the school board before you rely on them.
How do I see 501 Bay Lane?: Request a showing from this page or call BreakThru Realty and a licensed agent will arrange a private tour, in person or by video, and answer anything the listing leaves out.

Explore

Recently Sold Nearby

669 S Mashta Drive, Key Biscayne, FL 33149 · Sold $5,200,000 · 4 bd · 4 ba · 3,382 sq ft
346 Gulf Road, Key Biscayne, FL 33149 · Sold $4,700,000 · 5 bd · 6 ba · 3,285 sq ft

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Nearby ZIP Codes

A comparable home, 669 S Mashta Drive, Key Biscayne, FL 33149, sold for $5,200,000 in August 2026. Other Key Biscayne neighborhoods include Commodore Club and Ocean Club. Nearby ZIP codes include 33131 and 33129. This property also neighbors Brickell, Coconut Grove, and Miami. Compare it with the Key Biscayne housing market report.