305-609-4190
485 W Matheson Dr, Key Biscayne FL 33149
Active Single Family Residence Waterfront

485 W Matheson Dr, Key Biscayne FL 33149

Key Biscayne, FL, 33149

$237,000,000

Est. $1,198,401/mo (20% down)

5
Beds
8
Baths
11,528
Sq Ft
1981
Year Built
—
Lot Sq Ft
2
Garage

Photo Gallery (82 photos)

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.

Property Details

MLS #

A12005335

Status

Active

Property Type

Residential

Sub Type

Single Family Residence

Year Built

1981

Days on Market

128

Pool

No

Waterfront

Yes

Price / Sq Ft

$20,559

HOA Fee

None

Est. Insurance

$79,000/mo

Tax Year

2025

Tax Amount

$716,882

Garage

2 Car

Lot Size

—

MLS Area

Tropical Isle Homes Resub

Subdivision

TROPICAL ISLE HOMES RESUB

Mortgage Calculator

Flood Zone & Insurance

Flood zone data not available for this listing. Check FEMA directly

Investment Analysis

$1,659,000
Est. Monthly Rent
1.3%
Cap Rate
6.6%
Cash-on-Cash
$3,145,424
Net Operating Income

ROI Projections (4% Annual Appreciation)

142%
5-Year ROI
Value: $288,346,738
306%
10-Year ROI
Value: $350,817,896
500%
15-Year ROI
Value: $426,823,611

Estimates based on area averages. Actual returns may vary. Consult a financial advisor.

Market Trends

Similar Homes

Properties near Key Biscayne in a similar price range

WhatsApp Call Text
Call Text Email