by Global Lifestyle Properties

Check Availability
$237,000,000
● House - For Sale

485 W Matheson Dr

Key Biscayne, FL 33149
bedrooms
5 Beds
bathrooms
7 Baths, 2 Half Baths
square feet
11,528 Ft²
$1,223,450
Est. Monthly

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.
Unit Size
11,528 Ft²
Days on Market
151 days
Land Size
2.38 acres
Price per sqft
$20,559
Property Type
House
Property Taxes
$59,740
HOA Dues
-
Year Built
1981

Listed By

Jill Eber
Coldwell Banker Realty
Judith Zeder
Coldwell Banker Realty

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Last updated: 22 days ago (Miami MLS #A12005335)

Price History

Date / Event Date Event Price
May 4, 2026 Listed by Coldwell Banker Realty $237,000,000
Listed by Coldwell Banker Realty
Mar 3, 2004 Sold
Sold

Property Highlights

Air Conditioning
Elevator
With View
Garage
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Circular Driveway, Other
Garage Spaces: 2
Interior Details
Half Bathrooms: 2
Full Bathrooms: 7
Interior Features: Built-in Features, Elevator, Entrance Foyer, Walk-In Closet(s), Other, Storage, Closet Cabinetry, Split Bedroom, Family Room, Utility Room/Laundry
Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Other, Gas Range, Refrigerator, Washer
Flooring Type: Marble, Terrazzo, Vinyl
Laundry Features: Utility Room/Laundry
Exterior Details
Square Footage: 11528
Security Features: Smoke Detector(s)
Architectural Style: Attached, Multi Level
Year Built: 1981
Waterfront Features: Ocean Access, Ocean Front
Building Name: TROPICAL ISLE HOMES RESUB
Building Area Total: 16148
Building Area Units: Square Feet
Window Features: Picture Window, Sliding
Construction Materials: CBS Construction
Patio and Porch Features: Deck, Patio, Open Balcony
Pool Features: Free Form
Lot Features: 2 To Less Than 3 Acre Lot
Lot Size Area: 103775
Lot Size Units: Square Feet
Lot Size Acres: 2.382
Lot Size Square Feet: 103775
Water Source: Municipal Water
Financial Details
Tax Annual Amount: $716,882
Utilities Details
Cooling Type: Central Air, Electric
Heating Type: Central, Electric
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 1981
  • Effective Year Built: 1981
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 7
  • Full Bathrooms: 6
  • Partial Bathrooms: 7
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 4
  • Building Style: 0
  • Exterior Walls Type: 7
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 8
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 78,103
  • Total Building Area: 10,801
  • Gross Building Area: 10,801
  • Building Area: 10,801
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 10,801
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TROPICAL ISLE HOMES RESUB 3RD ADDN
  • Land Acres: 0000001793
  • Standard Land Use Code: 1001
  • County Land Use Code: 0101
  • State Land Use Code: 001
  • Legal Description 1: 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 55 42 DESC BEG NW COR OF TR 11 PB 46-86 TH W125FT NW78.59FT NE190FT SE170FT SW104.76FT TO POB & BEG 227FTNE OF

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: KEY BISCAYNE
  • Census Tract: 004602

Zoning

  • Zoning: 2000

Geography

  • Assessors Map Reference: 272
  • District: 24
  • Subdivision Tract Number: 11
  • Parcel: 24-4232-007-0010
  • Block: 17,A
  • Lot: 1,2
  • Meridian: SEC 32 TWN 54S RNG 42E
  • Municipality: KEY BISCAYNE
  • Latitude: 25.6918
  • Longitude: -80.1742

    Address

  • Full Address: 485 W Matheson Dr
  • Address - House Number: 485
  • Street Direction: W
  • Address - Street Name: Matheson
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Key Biscayne
  • Carrier Code: C077
  • 4-Digit Zip Code: 1724
  • Zip Code: 33149

Valuation

    Tax

  • Total Area: 10,801
  • Tax Year: 2023
  • Tax Amount: $39,404,127
  • Tax Rate Code Area: 2400

    Market Valuation

  • Market Total Value: $25,111,965
  • Market Land Value: $22,043,182
  • Market Improvement Value: $3,068,783

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $24,377,705

    Sales

  • Current Sale Contract Date: Mar 01, 2004
  • Current Sale Recording Date: Mar 03, 2004
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2004R0144788
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Key Biscayne


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Nearby Rentals

Unit for rent at 200 Galen Drive, Key Biscayne, FL, 33149

$3,800 /mo

  • 1 Bed
  • 1 Bath
  • 690 ft²
200 Galen Drive #308, Key Biscayne, FL, 33149 Listing by Cliff Glansen


Frequently Asked Questions

When was property at 485 West Matheson Drive built and last sold?
The property at 485 West Matheson Drive was built in 1981 and last sold on Mar 1, 2004 for $15,000,000.
How much is this home worth?
The estimated value of the home located at 485 West Matheson Drive is $239,370,000.
What are some comparable homes to 485 West Matheson Drive?
There are currently no comparable homes to 485 West Matheson Drive.