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$237,000,000

  • For Sale
  • Active
  • Single Family
  • 5 Beds
  • 7 Full Baths
  • 2 Partial Baths
  • 11,528 Sq. Ft.
  • Updated 5 days ago
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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.

Full Property Details for 485 W Matheson Dr

General

  • Price: $237,000,000
  • Taxes: $716,882 (2025)
  • Status: Active
  • Type: Single Family
  • Source: Greater_Miami
  • MLS ID: A12005335
  • Updated: 5/20/2026
  • Added to Site: 21 day(s) ago

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
  • Furnishings: Unfurnished
  • Flooring: Marble, Terrazzo, Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 9
  • Full Bathrooms: 7
  • Half Bathrooms: 2
  • Primary Bathroom: Bidet, Combination Tub & Shower, Dual Sinks

Bedrooms

  • Total Bedrooms: 5
  • Bedroom Features: At Least 1 Bedroom Ground Level, Primary Bedroom Upstairs, Sitting Area - Primary Bedroom

Other Rooms

  • Living Room: Family Room, Other, Storage Sq. Ft.
  • Dining Room: Breakfast Area, Dining/Living Room
  • Laundry: Utility Room/Laundry

Additional Information

  • Pool: Yes
  • Pool Description: Free Form
  • Security/Safety: Smoke Detector
  • Equipment: Elevator, Intercom

Exterior

  • Exterior Features: Lighting, Open Balcony, Other
  • Deck/Patio: Deck, Open Balcony, Patio

Parking

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

Location

  • Area: Tropical Isle Homes Resub
  • County: Miami-Dade County
  • Subdivision: TROPICAL ISLE HOMES RESUB
  • Building Name: TROPICAL ISLE HOMES RESUB
  • Direction Faces: Southeast

Community

  • Community Name: Tropical Isle Homes Resub
  • Pets Allowed: Yes

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Central Air, Electric
  • Heating Type: Central, Electric

Utilities

  • Sewer: Public Sewer
  • Water: Municipal Water

Structural Information

  • Architectural Style: Attached, Multi Level
  • Structure Type: House
  • Detached/Attached: Detached
  • Construction: CBS Construction
  • Roof: Concrete
  • Windows: Picture Window, Sliding
  • Entry Location: Foyer
  • Building Size: 16148
  • Square Feet: 11,528
  • Sq. Ft. Source: Building Plan/Survey
  • Living Area: 11,528 Sq. Ft.
  • Year Built: 1981

Lot Features

  • Property View: Bay, Ocean, Direct Ocean, Pool
  • Lot Size (Sq. Ft.): 103,775
  • Frontage: Bay
  • Frontage Feet: 862
  • Lot Features: 2 To Less Than 3 Acre Lot
  • Zoning: 2000

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Front Desc.: Ocean Access, Ocean Front

Financial Considerations

  • Price Per Sq. Ft.: $20,558.64
  • Tax Amount: $716,882
  • Tax Year: 2025
  • Terms: All Cash, Conventional

Disclosures and Reports

  • 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
  • Restrictions: No Restrictions
  • Inclusions: Private Dock, Private Dock
  • Property ID: 24-42-32-007-0010
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 485 W Matheson Dr —

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NMLS#: 1598647

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Schools serving 485 W Matheson Dr

School District:Dade County School District
NameGradesDistance
Key Biscayne K-8 Center
150 West McIntyre Street, Key Biscayne, FL 33149
PK-50.5 mi
Ponce De Leon Middle School
5801 Augusto Street, Coral Gables, FL 33146
6-86.3 mi
Coral Gables Senior High School
450 Bird Road, Coral Gables, FL 33146
9-126.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 485 W Matheson Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/04/2026
Listed
$237,000,000
1480%
MLS
3/03/2004
Sold
$15,000,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 485 W Matheson Dr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$488,678
15%
$33,849,963
24%
2024
$424,191
8%
$27,286,315
9%
2023
$394,041
18%
$25,111,965
25%
2021
$332,651
-8%
$20,146,864
-14%
2022
$361,416
9%
$23,386,705
16%
2021
$332,651
-1%
$20,172,463
—
2019
$334,369
3%
$20,198,061
—
2018
$323,890
-5%
$20,223,661
-4%
2017
$341,814
-1%
$21,159,478
3%
2016
$343,872
8%
$20,486,522
10%
2015
$318,827
9%
$18,624,111
10%
2014
$292,798
7%
$16,931,010
7%
2013
$273,092
—
$15,858,530
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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485 W Matheson Dr, Key Biscayne, FL 33149 (MLS# A12005335) is a Single Family property with 5 bedrooms, 7 full bathrooms and 2 partial bathrooms. 485 W Matheson Dr is currently listed for $237,000,000 and was received on May 04, 2026. This property is listed by The Jills Zeder Group from our Miami Beach Lincoln Building Office.Want to learn more about 485 W Matheson Dr? Do you have questions about finding other Single Family real estate for sale in Key Biscayne? You can browse all Key Biscayne real estate or contact a Coldwell Banker agent to request more information.

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