Property Details

Start of property details

Share this property:
485 W Matheson Dr
Key Biscayne, FL 33149
FOR
SALE
$237,000,000
Active
5
Beds
9
Baths
2
Garage
16,148
Sqft
1981
Yr. Built
MLS# A12005335
Cumulative Days on Market: 138 · Includes prior listings · Currently listed since 05/04/26 · Data provided by the MLS.

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.

Ask a Local Expert

Property Highlights

Property Type
Residential
Property Sub Type
Single Family Residence
Architectural Style
Attached, Multi Level
Bedrooms
5
Total Bathrooms
9
Living Area
11,528 Sqft
Price / Sqft
$20,559
Year Built
1981
Cumulative Days On Market
128

Location

Area
Tropical Isle Homes Resub
City/Township
Key Biscayne
Direction Faces
Southeast
Waterfront
Yes
View
Bay, Ocean, Direct Ocean, Pool
Subdivision
TROPICAL ISLE HOMES RESUB
County
Miami-Dade County
Zoning
2000

Lake/Waterfront Information

Waterfront Features
Ocean Access, Ocean Front

Property Details

Price
$237,000,000
Property Type
Residential
Property Sub Type
Single Family Residence

Building

Structure Type
House
Total Area
16,148 Sqft

Community

Community Features
Other

Interior Features

Bedrooms and Bathrooms

Total Bathrooms
9
Full Bathrooms
7
1/2 Bathrooms
2
Bedrooms
5

Area and Spaces

Living Area
11,528 Sqft

Appliances

Appliances
Dishwasher, Disposal, Dryer, Electric Water Heater, Other Equipment/Appliances, Gas Range, Refrigerator, Washer

Interior Features

Interior Features
Built-in Features, Closet Cabinetry, Elevator, Entrance Foyer, Split Bedroom, Walk-In Closet(s), Family Room, Other, Storage, Utility Room/Laundry
Flooring
Marble, Terrazzo, Vinyl
Laundry Features
Utility Room/Laundry
Window Features
Picture Window, Sliding
Security Features
Smoke Detector
Entry Location
Foyer

Heating and Cooling

Heating Features
Central, Electric

Building Details

Construction

Architectural Style
Attached, Multi Level
Year Built
1981

Materials

Construction Materials
CBS Construction
Roof
Concrete

Terms

Terms

Inclusions
Private Dock, Private Dock
Special Terms
All Cash, Conventional
Cumulative Days On Market
128

Taxes

Tax

Tax (Annual)
$716,882

Heating, Cooling & Utilities

Heating Included
Yes
Cooling Features
Central Air, Electric

Utilities

Sewer
Public Sewer
Water Source
Municipal Water

Lot

Lot Size Area Sq Ft
103,775
Lot Features
2 To Less Than 3 Acre Lot

Exterior Features

Exterior Features
Lighting, Open Balcony, Other
Patio And Porch Features
Deck, Open Balcony, Patio

Parking

Garage Capacity
2
Covered Spaces
2
Parking Features
Circular Driveway, Other

Pool Features

Has Pool
Yes
Pool Features
Free Form
Listed by Coldwell Banker Realty
Listing Data last updated 09/20/2026 03:40 am
Get a Link to this Property: Copy To Clipboard
QR Code link to this property

Phone:
Connect with:

Payment Calculator

per month. fixed. % interest.
$
%
$
%
Principal & Interest
+ Home Insurance
+ Property Tax
+ HOA Fees
per month
Total interest paid over s will be:
All estimates and provided for informational purposes only. Actual amounts may vary. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. Information, rates, programs and loan scenarios shown are for example only as of 20-Sep-2026 and are subject to change without notice. Interest rates provided by the St. Louis Federal Reserve Economic Data (FRED). All products are subject to credit and property approval. Not all products are available in all states or for all loan amounts. Other restrictions and limitations apply. Contact your preferred lender for the pricing associated with your specific transaction. Calculations are generated by Open Source mortgage calculation software tools using common mathematical formulas. All calculations should be independently verified.
Get Walk Score Content

Property History

2 days ago
Property information last updated
138 days ago
Status Active. This is the date the listing was placed on market.
Cumulative Days on Market: 138 days (includes prior listings) · Currently listed since May 4, 2026. Data provided by the MLS.

Similar Properties