
MIAMI REALTORS® MLS485 W Matheson Drive, Key Biscayne, FL 33149
- Beds
- 5
- Baths
- 9
- Sqft
- 11,528
- Home type
- Single Family Residence
- Year built
- 1981
- Lot size
- 103,673 sqft
- Price / sqft
- $20,559
- HOA
- $0/mo
- Community
- TROPICAL ISLE HOMES RESUB
Property description
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.
Listing activity
- Days on market
- 172
- Listed
- May 4, 2026
- MLS listing updated
- Sep 9, 2026
- Feed last checked
- 3 minutes ago
Listed by Jill H Eber · Coldwell Banker Realty
Map
Map location is based on MLS-supplied coordinates. Verify the location before relying on it.
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms
- 5
- Bathrooms
- 9
- Bathrooms (decimal)
- 8
- Full bathrooms
- 7
- Half bathrooms
- 2
Rooms & features
- Rooms
- 3
- Interior features
- Bedroom Layout - Split, Built-in Features, Closet Cabinetry, Elevator, Entrance Foyer, Storage, Walk-In Closet(s)
- Flooring
- Marble, Terrazzo, Vinyl
- Appliances
- Electric Water Heater, Dishwasher, Disposal, Dryer, Gas Range, Refrigerator, Washer, Other
- Furnished
- Unfurnished
- Window features
- Sliding, Other
- Other equipment
- Intercom, Other
Heating & cooling
- Heating
- Central, Electric
- Cooling
- Central Air, Electric
Property
Parking
- Garage spaces
- 2
- Garage
- Yes
- Covered spaces
- 2
- Parking features
- Attached, Attached Garage, Circular Driveway, Garage
- Attached garage
- Yes
Exterior
- Building area
- 16,148 sqft
- Patio & porch
- Patio, Deck
- Exterior features
- Balcony, Lighting, Other
- Pool
- Yes
- Pool features
- Free Form
- View
- Ocean, Direct Ocean, Bay, Pool
- Waterfront
- Ocean Access, Bay, Ocean
- Waterfront property
- Yes
Lot
- Lot size
- 103,673 sqft
- Lot size (acres)
- 2.38 acres
- Lot dimensions
- 103775
- Zoning
- 2000
Construction
Type & style
- Home type
- Single Family Residence
- Architectural style
- Split Level
- Year built
- 1981
- New construction
- No
Materials
- Construction
- CBS
- Roof
- Concrete
- Property condition
- Resale
- Faces
- Southeast
Utilities & green energy
Utilities
- Sewer
- Public Sewer
- Water
- Public
- Utilities
- Cable Available
Community & HOA
Community
- Subdivision
- TROPICAL ISLE HOMES RESUB
- MLS area
- 2520
- Security
- Smoke Detector(s)
- Pets allowed
- No Restrictions, Yes
- 55+ community
- No
Association
- Has association
- No
- Estimated monthly dues
- $0
- Amenities
- Other
Lease details
Not reported by the listing source.
Location
Area details
- City
- Key Biscayne
- County
- Miami-Dade
- ZIP code
- 33149
Manufactured home details
Not reported by the listing source.
Financial & listing details
Listing
- MLS number
- A12005335
- Possession
- Negotiable
- Original list price
- $237,000,000
- Parcel number
- 2442320070010
- Annual property tax
- $716,882
- Tax year
- 2025
- Tax 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
Additional MLS details
Reported by the listing source
- Association Amenities
- Other
- Association
- No
- Bathrooms Total Decimal
- 8
- Bathrooms Total Integer
- 9
- Building Area Total
- 16148
- Construction Materials
- CBS
- County Or Parish
- Miami-Dade
- Days On Market
- 172
- Direction Faces
- Southeast
- Elementary School
- Key Biscayne K-8
- High School
- Coral Gables
- List Price
- 237000000
- Listing Contract Date
- 2026-05-04
- Living Area
- 11528
- Lot Size Acres
- 2.38
- Lot Size Area
- 103775
- Lot Size Dimensions
- 103775
- MLSArea Major
- 2520
- Middle Or Junior School
- Ponce De Leon
- Mls Status
- Active
- On Market Date
- 2026-05-04
- Patio And Porch Features
- Patio, Deck
- Photos Count
- 82
- Postal Code
- 33149
- Property Sub Type
- Single Family Residence
- Property Type
- Residential
- Rooms Total
- 3
- Security Features
- Smoke Detector(s)
- Senior Community
- No
- Standard Status
- Active
- State Or Province
- FL
- Status Change Timestamp
- 2026-05-04T04:00:00Z
- Subdivision Name
- TROPICAL ISLE HOMES RESUB
- Water Source
- Public
- Waterfront Features
- Ocean Access, Bay, Ocean
- Tax Annual Amount
- 716882
- Bathrooms Full
- 7
- Pool Private
- Yes
- Bedrooms Total
- 5
- Bathrooms Half
- 2
Market value
Price history
| Date | Event | Price |
|---|---|---|
| May 4, 2026 | ListedMIAMI REALTORS® MLS | $237,000,000$20,559/sqft |
Public tax history
| Year | Property taxes | Assessment |
|---|---|---|
| 2025 | $716,882 | — |
Payment calculator
- Principal & interest
- $1,229,742
- Property taxes
- $59,740
- Insurance
- $118,500
- Association dues
- $0
Live national rate context is displayed below through Mortgage News Daily’s official widget. The calculator rate remains a separate assumption until licensed machine-readable access is connected. This is not a loan offer.
Neighborhood
Area
TROPICAL ISLE HOMES RESUBKey Biscayne · Miami-Dade County · 33149
Climate risk
—No licensed climate-risk source is connected.
Nearby schools
Nearby homes
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MIAMI REALTORS® MLS
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MIAMI REALTORS® MLS
MIAMI REALTORS® MLS
MIAMI REALTORS® MLS
MIAMI REALTORS® MLS
MIAMI REALTORS® MLS
MIAMI REALTORS® MLS
Property photos coming from MLS
MIAMI REALTORS® MLS
MIAMI REALTORS® MLS
MIAMI REALTORS® MLS
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MIAMI REALTORS® MLS