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485 W Matheson Dr, Key Biscayne FL 33149

MLS # A12005335
$237,000,000
$20,559 / sq ft
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5 Beds
8 Baths
11,528 Sq Ft
1981 Year Built
Pool Waterfront 2 Garage Spaces Bay, Ocean, Direct Ocean, Pool View Attached, Multi Level

Property Overview

Property Type Single Family Residence
Full Bathrooms 7
Half Bathrooms 2
Living Area 11,528 sq ft
Total Building Area 16,148 sq ft
Lot Size 103,775 sq ft
Year Built 1981
Year Built Details Resale
Price / Sq Ft $20,559
Parcel Number 24-42-32-007-0010
Zoning 2000

Building / Development

Building / Development TROPICAL ISLE HOMES RESUB
Subdivision TROPICAL ISLE HOMES RESUB
Neighborhood / Area Tropical Isle Homes Resub
New Construction No
Structure Type House
Architectural Style Attached, Multi Level

Interior

Interior Features

Built-in Features, Closet Cabinetry, Elevator, Entrance Foyer, Split Bedroom, Walk-In Closet(s), Family Room, Other, Storage, Utility Room/Laundry

Appliances

Dishwasher, Disposal, Dryer, Electric Water Heater, Other Equipment/Appliances, Gas Range, Refrigerator, Washer

Flooring

Marble, Terrazzo, Vinyl

Heating

Central, Electric

Cooling

Central Air, Electric

Laundry

Utility Room/Laundry

Rooms Total

0

Bedroom Features

At Least 1 Bedroom Ground Level, Primary Bedroom Upstairs, Sitting Area - Primary Bedroom

Primary Bathroom

Bidet, Combination Tub & Shower, Dual Sinks

Dining Features

Breakfast Area, Dining/Living Room

Living Room Features

Family Room, Other, Storage Room, Utility Room/Laundry

Furnished

Unfurnished

Entry Location

Foyer

Window Features

Picture Window, Sliding

Exterior & Property

Exterior Features

Lighting, Open Balcony, Other

Patio / Porch

Deck, Open Balcony, Patio

Pool

Free Form

Private Pool

No

Waterfront

Ocean Access, Ocean Front

View

Bay, Ocean, Direct Ocean, Pool

Lot Features

2 To Less Than 3 Acre Lot

Construction

CBS Construction

Roof

Concrete

Parking

Garage Spaces 2
Attached Garage Yes
Covered Spaces 2
Parking Features Circular Driveway, Other

Utilities & Systems

Water Source

Municipal Water

Sewer

Public Sewer

HOA & Community

Association

No

Community Features

Other

Restrictions

No Restrictions

Pets Allowed

Yes

Listing & Tax Information

MLS # A12005335
Status Active
Days on Market 128
On Market May 3, 2026
Original List Price $237,000,000
Price Change Date April 21, 2026
Listing Terms All Cash, Conventional
Possession Funding
Annual Taxes $716,882
Tax Year 2025
County Miami-Dade County
Brokerage Coldwell Banker Realty

Safety, Access & Disclosures

Security Features

Smoke Detector

Flood Zone

AE

About This Property

485 W Matheson Drive is one of America’s most iconic waterfront estates, representing a rare convergence of presidential history, cinematic legacy, and unparalleled waterfront scale. Set on approximately 2.38 acres with an extraordinary 862’ of direct Biscayne Bay frontage, the property captures sweeping, unobstructed views of the Miami skyline and open bay, offering a level of presence and exclusivity rarely found in South Florida. Once the “Winter White House” of, the estate also achieved cinematic fame as the Frank Lopez residence in Scarface, with original architectural elements still preserved, including the iconic glass elevator. Offers 5BR + gym (can be converted to 6th BR) 7+2BA, and approximately 13,500 SF (per owner) across three levels, featuring soaring 24’+ ceilings, marble floors, and walls of glass framing breathtaking bay views. Expansive living, dining, and kitchen areas open to large terraces, creating seamless indoor-outdoor living ideal for both everyday comfort and grand-scale entertaining. Resort-style grounds include a piano-shaped saltwater pool, cabana bath, lush tropical landscaping, and expansive lawn areas with artfully integrated lighting extending the estate’s experience well beyond sunset. A private marina, formerly a presidential helipad—features rare 3-phase power and dockage for yachts up to 200’, plus over 34,000 SF of submerged land, making this one of Miami’s most significant and irreplaceable waterfront holdings in the world.

Location & Neighborhood

485 W Matheson Dr, Key Biscayne FL 33149, Key Biscayne, FL 33149 Open in Maps

Listing Timeline

May 3, 2026 Listed $237,000,000
April 21, 2026 Price changed $237,000,000

This timeline reflects fields available on the current MLS record and is not a complete public-record ownership or price history.

This listing is courtesy of Coldwell Banker Realty .
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Listings supplied by participating MLS sources. Information deemed reliable but not guaranteed; availability and prices may change. Listing brokerage is identified on every property card.

Copyright Southeast Florida MLS a/k/a SEFMLS © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may be a violation of federal and state law.

Brokerage: VantaSure Realty LLC

ACHIEVE FINANCING

Example Financing Scenario

Change any example value below and click Calculate.

EXAMPLE ONLY
Asking Price $237,000,000 MLS
Credit Profile Good Example
Down Payment $47,400,000 20%
Interest Rate 6.25% Example
Loan Term 30 Years Example
Loan Amount $189,600,000 80.0% LTV
Example Monthly Housing Cost $1,167,816 Estimated all-in cost
EDITABLE EXAMPLE

Adjust Your Scenario

All fields are populated and editable.
EXAMPLE MONTHLY PAYMENT
$1,167,816 Estimated total monthly housing cost
Principal & Interest $1,167,400
Property Taxes $250
HOA / Condo $0
Home Insurance $167
Flood Insurance $0
PMI $0
Down Payment $47,400,000
Loan Amount $189,600,000
Loan-to-Value 80.0%
Closing Costs $3,555,000
Prepaid / Escrow Reserve $250
Example Cash to Close $50,955,250
Example only. The starting scenario uses the current MLS asking price, Good credit, 20% down, a 6.25% example interest rate, a 30-year loan term, $3,000 annual property taxes, $2,000 annual home insurance, $0 flood insurance, 0% PMI, 1.5% closing costs and a $250 prepaid / escrow reserve. Change any field and click Calculate. This is not a loan quote, approval, insurance quote, rate commitment or guarantee of actual costs.