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485 W Matheson Drive, Key Biscayne, FL 33149
ActiveMLS listing sourceMIAMI REALTORS® MLS
ActiveMLS® A12005335
$237,000,000

485 W Matheson Drive, Key Biscayne, FL 33149

Beds
5
Baths
9
Sqft
11,528
Est. payment$1,407,982/mo
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

Automated estimate—No licensed valuation source connected
Estimated sales range—Ask Karim for a local market analysis
Estimated rent—No licensed rental valuation source connected

Price history

DateEventPrice
May 4, 2026ListedMIAMI REALTORS® MLS$237,000,000$20,559/sqft

Public tax history

YearProperty taxesAssessment
2025$716,882—

Payment calculator

Estimated monthly payment$1,407,982/moIllustrative estimate, not a loan offer.
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 RESUB

Key Biscayne · Miami-Dade County · 33149

Climate risk

—

No licensed climate-risk source is connected.

Nearby schools

Key Biscayne K-8Elementary
—
Ponce De LeonMiddle
—
Coral GablesHigh
—
School names and districts are MLS-reported when available. Verify attendance boundaries with the school district. Ratings require a licensed ratings provider.

Nearby homes

12 homes

Similar homes

1 homes
MLS listing source

MIAMI REALTORS® MLS · Listing courtesy of Coldwell Banker Realty. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright ©2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers’ personal, non-commercial use and may be used only to identify prospective properties they may be interested in purchasing or leasing. Terms of use · Equal Housing Opportunity.