$237,000,000
485 W Matheson Drive
Key Biscayne, FL 33149
TROPICAL ISLE HOMES RESUB
Explore the area: Key Biscayne homes for sale · Miami Dade County real estate
Price Check
How this price compares
- List price
- $237,000,000
- Price per sq ft
- $20,559
- Original price
- Unchanged
- Days on market
- 142
This 5-bedroom single-family home in ZIP 33149 is listed at $237,000,000, or $20,559 per square foot. It has been on the market for 142 days.
Estimated monthly payment
$1,245,537 /mo
Principal and interest only, based on $47,400,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $237,000,000
- Days on Site
- 142 Days
- Bedrooms
- 5
- Total Baths
- 9
- Full Baths
- 7
- Partial Baths
- 2
- Living Area
- 11,528 sqft
- Total Sq Ft
- 16,148 sqft
- Lot Size
- 2.38 Acres
- Year Built
- 1981
- Property Type
- Single Family
- MLS #
- A12005335
- Property Tax
- $716,882 (2025)
- Subdivision
- TROPICAL ISLE HOMES RESUB
- County
- Miami Dade
- Status
- Active
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.
Virtual TourGeneral Features
- Property Type
- Single Family
- Status
- Active
- Year Built
- 1981
- Property Condition
- Resale
- Levels
- Multi Split
- Garage Spaces
- 2
- Attached Garage
- Yes
- Parking
- Attached / Circular Driveway / Garage
- Direction Faces
- Southeast
- Lot Size (Acres)
- 2.38
- Living Sq Ft
- 11,528
- Total Sq Ft
- 16,148
- Sewer
- Public Sewer
- Water Source
- Public
- Zoning
- 2000
Interior Features
- Appliances
- Dryer / Dishwasher / Electric Water Heater / Disposal / Gas Range / Refrigerator / Washer
- Cooling
- Central Air / Electric
- Heating
- Central / Electric
- Flooring
- Marble / Terrazzo / Vinyl
- Interior Features
- Bidet / Built In Features / Breakfast Area / Closet Cabinetry / Dual Sinks / Entrance Foyer / Elevator / Living Dining Room / Main Level Primary / Sitting Area In Primary / Split Bedrooms / Storage / Tub Shower / Upper Level Primary / Walk In Closets
- Windows
- Other / Sliding
- Furnished
- Unfurnished
Exterior Features
- Construction
- Block
- Roof
- Concrete
- Exterior Features
- Balcony / Lighting / Outdoor Living Area / Other
- Architectural Style
- Split Level
- Private Pool
- Yes
- Pool Features
- Free Form / Other
- Patio & Porch
- Deck / Open / Patio / Balcony
- Lot Features
- Two To Three Acres
- Waterfront
- Yes
- Waterfront Features
- Bayfront / Ocean Access / Ocean Front
- Frontage
- Waterfront
- Frontage Length
- 862.00 ft
- View
- Bay / Ocean / Pool
Community & HOA
- Association Amenities
- Other
- Security
- Smoke Detectors
- Utilities
- Cable Available
- Pets Allowed
- No Pet Restrictions / Yes
- Financing Terms
- Cash / Conventional
- Restrictions
- No Restrictions
- MLS Area
- 2520
Schools
- Elementary School
- Key Biscayne K-8
- Middle School
- Ponce De Leon
- High School
- Coral Gables
About the Area
Browse Key Biscayne homes for sale across every neighborhood and price point in Miami-Dade. Available homes span single-family, townhome, and condo segments throughout the city. Key Biscayne includes gated golf communities, 55+ active adult neighborhoods, waterfront estates, and newer master-planned subdivisions. HOA fees vary by community type, from modest maintenance fees in non-gated subdivisions to higher dues in full-amenity country clubs. The city sits within Miami-Dade, offering access to South Florida beaches, major employment centers, and healthcare hubs. For current Miami-Dade market data, see Florida Realtors' monthly statistics. Browse the latest Key Biscayne listings below. Then connect with a Pure Equity agent to schedule a private showing.
- Homes for Sale
- 186
- Median List Price
- $2,490,000
- Median $/Sq Ft
- $1,151
- Avg Days on Market
- 130
Frequently Asked Questions
- How do I schedule a tour of 485 W Matheson Drive, Key Biscayne, FL 33149?
- Use the Tour button on this listing to request a showing of 485 W Matheson Drive, Key Biscayne, FL 33149. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 485 W Matheson Drive, Key Biscayne, FL 33149 still available?
- 485 W Matheson Drive, Key Biscayne, FL 33149 is currently listed as Active, and has been on the market 142 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 485 W Matheson Drive, Key Biscayne, FL 33149?
- With 20% down ($47,400,000) on the $237,000,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 485 W Matheson Drive, Key Biscayne, FL 33149 is about $1,245,537/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 485 W Matheson Drive, Key Biscayne, FL 33149?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 485 W Matheson Drive, Key Biscayne, FL 33149. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- What schools serve 485 W Matheson Drive, Key Biscayne, FL 33149?
- 485 W Matheson Drive, Key Biscayne, FL 33149 is zoned for Key Biscayne K-8 (elementary), Ponce De Leon (middle), Coral Gables (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
- Can I negotiate the price of 485 W Matheson Drive, Key Biscayne, FL 33149?
- Often, yes. The right offer on 485 W Matheson Drive, Key Biscayne, FL 33149 depends on how it's priced against comparable single family sales in Key Biscayne, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of Coldwell Banker Realty
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated June 23, 2026.
$237,000,000
Interested in This Property?
Contact us to schedule a showing or ask a question.
Own a home near this one? See what it would sell for today
Listed by Jill H Eber, Coldwell Banker Realty
Map & Location
Featured Communities
Cities in Miami-Dade County
Zip Codes in Miami-Dade County
Property Types
Recent Sales
Recently sold homes in ZIP 33149
These are the last 6 recorded closings in ZIP 33149, with the price each home actually sold for rather than what it was listed at. They closed at a median of $1,110 per square foot. The most recent closed on September 30, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$1,660,000
Sold · September 30, 2026
613 Ocean Drive 5D
2 bed · 2 bath · 1,496 sqft · $1,110/sqft
$110,000 under the asking price
Sold$2,800,000
Sold · September 28, 2026
738 Fernwood Road
3 bed · 2 bath · 1,312 sqft · $2,134/sqft
$75,000 under the asking price
Sold$1,115,000
Sold · September 25, 2026
181 Crandon Boulevard 308
3 bed · 2 bath · 1,720 sqft · $648/sqft
$35,000 under the asking price
Sold$1,600,000
Sold · September 25, 2026
425 Grapetree Drive 211
2 bed · 3 bath · 1,404 sqft · $1,140/sqft
$145,000 under the asking price
Sold$650,000
Sold · September 25, 2026
300 Galen Drive 306
2 bed · 2 bath · 1,068 sqft · $609/sqft
$70,000 under the asking price
Sold$1,700,000
Sold · September 24, 2026
155 Ocean Lane Drive 300
3 bed · 2 bath · 1,930 sqft · $881/sqft
$400,000 under the asking price
See every recorded sale in ZIP 33149 or find out what your ZIP 33149 home is worth.