485 W Matheson Dr

Key Biscayne, FL
$ 237,000,000 Beds 5 Baths 8 Sq 11,528 Virtual Tour
Monthly Estimate* How much can I afford?

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.

Active

  • Price
  • $ 237,000,000
  • City
  • Key Biscayne
  • Bedrooms
  • 5
  • Full Bathrooms
  • 7
  • County
  • Miami-Dade
  • Half Bathrooms
  • 2
  • Area
  • 52
  • Lot Size
  • Zip
  • 33149
  • Sqr Footage
  • 11,528
  • Year Built
  • 1981
  • Taxes
  • $ 716882
  • Style
  • MLS#
  • A12005335
Listed By: This listing is courtesy of Coldwell Banker Realty
Data Source: Southeast Florida MLS (SEFMLS)

Features

General

Sewer Public Sewer
Heating Central,Electric
Cooling Central Air,Electric
Utilities Cable Available
Possession Closing & Funding
Roof Concrete
Appliances Dryer,Dishwasher,Electric Water Heater,Disposal,Gas Range,Other,Refrigerator,Washer
Garage Spaces 2
Patio/Porch Features Balcony,Deck,Open,Patio
Architectural Style Tri-Level
Pool Features Free Form,Other,Pool
Security Features Smoke Detector(s)
Restrictions No Restrictions
Construction Materials Block
Pets Allowed No,Yes
Year Built 1981
View Bay,Ocean,Pool
Levels Multi/Split
Property Subtype Single Family Residence
Tax Year 2025
Waterfront Features Bayfront,Ocean Access,Ocean Front
Community Features Other
County Miami-Dade
Property Type Residential
Attached Garage true
Subdivision Name TROPICAL ISLE HOMES RESUB
Facing Direction Southeast
Garage Y/N true
Full Baths 7
Status Active
City Key Biscayne
Senior Community Y/N false
Zoning Description 2000
MLS Area 52
Lot Size Units Square Feet
Lot Size Square Feet 103775
Listing Terms Cash,Conventional
Year Built Details Resale
Tax Annual Amount 716882
Lease Considered Y/N false
Virtual Tour https://vimeo.com/1189064799
Standard Status Active
Occupancy Type Call Agent
Property Sub Type Additional Single Family Residence
PostalCity Key Biscayne
Legal Description 32 54 42 & 5 6 55 42 TROPICAL ISLE HOMES RESUB 3RD ADDN PB 52-27 LOT 1 & S1/2 OF LOT 2 BLK 17 & A TRACT OF SUBMERGED LAND LYG IN BISC BAY 6
AttributionContact 305-915-2556

Interior Features

Interior Amenities Bidet,Built-in Features,Bedroom on Main Level,Breakfast Area,Closet Cabinetry,Dual Sinks,Entrance Foyer,Living/Dining Room,Sitting Area in Primary,Split Bedrooms,Tub Shower,Upper Level Primary,Walk-In Closet(s),Elevator
Flooring Marble,Terrazzo,Vinyl
Furnished Y/N Unfurnished
Air Conditioning Y/N true
Heating Y/N true
Window Features Sliding
Half Baths 2
Total Bedrooms 5
LivingAreaSource Plans
Total Baths 9

Exterior Features

Exterior Amenities Balcony,Deck,Lighting,Other,Patio
Parking Features Attached,Circular Driveway,Garage,Other
Lot Features 2-3 Acres
Water Source Public
Lot Size Area 103775
Building Area Total 16148
Frontage Length 862
Private Pool true
Waterfront Y/N true
Covered Spaces 2
Other Equipment Intercom

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Miami Beach, FL office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

5/4/2026 Listed $237,000,000

Property vs Zip Code Average in 33149

Price
AVG $9.24M
$237M
Taxes
AVG $76,969
$716,882
Year Built
AVG 1986
1981

Areas That We Cover

485 W Matheson Dr Key Biscayne, FL is a Single Family Home for sale at $237000000 with 11528 sqft and a lot size of Acre(s). 485 W Matheson Dr Key Biscayne has 5 bedrooms, 7 baths and was built in 1981. The property's zip code is 33149 which is in Key Biscayne, FL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Firas Adris

305-384-6502

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