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
Single-familyProperty Type
1995Year Built
10,000 sq ftLot Size
$1,259Price/Sq.Ft.
2 car garageParking
Listed by Brigitte Nachtigall• One Sotheby's International Realty
•305-710-9664 (agent)
•Brigitte@bnachtigall.com (agent)
•305-365-2811 (broker)
•MLS@onesothebysrealty.com (broker)
Listed by Jorge Boj• One Sotheby's International Realty
These districts are designed to protect the character of Single Family and Two-Family homes and to regulate Development within the district as relates to neighboring properties and adjacent streets.
Permitted uses
Include but are not limited to:
Housing-Single unit
Oct 5, 2022 • Final
Master plumbing
Abandon an existing septic tank.
Plumbing
Aug 14, 2020 • Final
Sub-permit plumbing
Install an underground gas tank and run a gas line for a generator.
Gas
Generator
Plumbing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
9/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
10/10 Heat Factor
7 days above 102° expected this year, 25 days in 30 years
10/10 Wind Factor
99% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Key Biscayne, FL • 33149
Average low and high temperatures (°F)
73
63
75
66
77
70
79
74
84
79
86
80
86
81
88
81
87
80
83
78
80
73
77
69
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
90/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in the zip code. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.7 hrs
6.9 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 501 Bay Ln
$5,724,803
$265K under list price of $5.99M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $3.5M to $8.2M.