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.
For sale
$237,000,000
485 W Matheson Dr, Key Biscayne, FL 33149
5beds
11,528sqft
Single Family Residence
Built in 1981
2.38 Acres Lot
$-- Zestimate®
$20,559/sqft
$-- HOA
What's special
Resort-style groundsPrivate marinaPiano-shaped saltwater poolLarge terracesLush tropical landscapingMarble floorsIconic glass elevator
- 65 days |
- 11,144 |
- 708 |
Zillow last checked:
Listing updated:
Listed by:
Jill Eber 305-915-2556,
Coldwell Banker Realty,
Judith Zeder 305-613-5550,
Coldwell Banker Realty
Source: MIAMI,MLS#: A12005335
Originating MLS: A-Miami Association of REALTORS
Originating MLS: A-Miami Association of REALTORSLoading...
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 9
- Full bathrooms: 7
- 1/2 bathrooms: 2
Rooms
- Room types: Family Room
Heating
- Central, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Other, Gas Range, Refrigerator, Washer
- Laundry: Laundry Room
Features
- Built-in Features, Closet Cabinetry, Elevator, Entrance Foyer, Split Bedroom, Walk-In Closet(s), Other, Storage
- Flooring: Marble, Terrazzo, Vinyl
- Windows: Picture Window, Sliding
Interior area
- Total structure area: 16,148
- Total interior livable area: 11,528 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Circular Driveway, Other
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Features
- Levels: Multi Level
- Entry location: Foyer
- Patio & porch: Deck, Patio
- Exterior features: Lighting, Balcony, Other
- Has private pool: Yes
- Pool features: Free Form
- Has view: Yes
- View description: Bay, Ocean, Pool
- Has water view: Yes
- Water view: Bay,Ocean
- Waterfront features: Ocean Access, Ocean Front, WF/Pool/Ocean Access, Bay
- Frontage type: Bay/Harbor
- Frontage length: 862
Lot
- Size: 2.38 Acres
- Features: 2 To Less Than 3 Acre Lot
Details
- Parcel number: 2442320070010
- Zoning: 2000
- Other equipment: Other, Intercom
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Multi Level
- Property subtype: Single Family Residence
Materials
- CBS Construction
- Roof: Concrete
Condition
- Year built: 1981
Utilities & green energy
- Sewer: Public Sewer
- Water: Municipal Water
Community & HOA
Community
- Features: Other, Other Subdiv/Park Info
- Security: Smoke Detector
- Subdivision: Tropical Isle Homes Resub
HOA
- Has HOA: No
Location
- Region: Key Biscayne
Financial & listing details
- Price per square foot: $20,559/sqft
- Tax assessed value: $33,849,963
- Annual tax amount: $716,882
- Date on market: 5/4/2026
- Listing terms: All Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/4/2026 | Listed for sale | $237,000,000+515.6%$20,559/sqft |
Source:  MIAMI #A12005335 Report a problem | ||
| 11/30/2007 | Listing removed | $38,500,000$3,340/sqft |
Source: Obeo #M1169497 Report a problem | ||
| 11/14/2007 | Listed for sale | $38,500,000+156.7%$3,340/sqft |
Source: Obeo #M1169497 Report a problem | ||
| 3/3/2004 | Sold | $15,000,000$1,301/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $488,678 +15.2% | $29,497,022 +10% |
| 2024 | $424,191 +7.7% | $26,815,476 +10% |
| 2023 | $394,041 +9% | $24,377,704 +10% |
| 2022 | $361,416 +8.6% | $22,161,550 +10% |
| 2021 | $332,651 -0.1% | $20,146,864 -0.1% |
| 2020 | $333,116 -0.4% | $20,172,464 -0.1% |
| 2019 | $334,369 +3.2% | $20,198,060 -0.1% |
| 2018 | $323,890 | $20,223,660 -4.4% |
| 2017 | $323,890 -5.2% | $21,159,478 +3.3% |
| 2016 | $341,814 +7.2% | $20,486,522 +10% |
| 2015 | $318,827 +8.9% | $18,624,112 +10% |
| 2014 | $292,798 +42.2% | $16,931,010 +6.8% |
| 2013 | $205,950 0% | $15,858,530 +33.4% |
| 2012 | $205,950 +6.2% | $11,889,216 +6.9% |
| 2011 | $193,951 -0.9% | $11,117,654 +6.6% |
| 2010 | $195,638 -15.8% | $10,426,245 -19.9% |
| 2009 | $232,358 +19.2% | $13,010,970 +16.7% |
| 2007 | $194,867 +18.9% | $11,149,526 |
| 2006 | $163,939 | -- |
| 2005 | $163,939 +114.4% | -- |
| 2004 | $76,449 +3.5% | -- |
| 2003 | $73,897 +2.9% | -- |
| 2002 | $71,828 | -- |
| 2001 | $71,828 | -- |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 33149
Nearby schools
GreatSchools rating
- 8/10Key Biscayne K-8 CenterGrades: PK-8Distance: 0.5 mi
- 5/10Coral Gables Senior High SchoolGrades: PK,9-12Distance: 6.2 mi
- 6/10Ponce De Leon Middle SchoolGrades: 6-8Distance: 6.3 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Florida
- Miami-Dade County
- Key Biscayne
- 33149
- 485 W Matheson Dr
Nearby cities
Nearby zip codes
Other Key Biscayne Topics
