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$237,000,000
485 W Matheson Drive
Key Biscayne, FL 33149
MLS# A12005335
5 beds  |  9 baths  |  16148 sqft


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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.

Details
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2026-05-04
Status: Active
Original List Price: 237000000
List Price: $237,000,000
Current Price: $237,000,000
Occupant Type: Call Listing Agent
Location and Legal
Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 485
Street Direction Prefix: W
Street Name: Matheson
Street Suffix: Drive
City Name: Key Biscayne
Municipal Code: 24
State Or Province: FL
Postal Code: 33149
Postal Code +4: 1724
Postal Zip: 33149
Subdivision Name: TROPICAL ISLE HOMES RESUB
Area: 2520
Elementary School: Key Biscayne K-8
Middle Or Junior School: Ponce De Leon
High School: Coral Gables
Parcel Number: 2442320070010
Subdivision Number: 7
Zoning: 2000
Flood Zone: AE
General Property Information
Property Sub Type: Single Family Residence
Bedrooms Total: 5
Bathrooms Total: 9
Bathrooms Full: 7
Bathrooms Half: 2
Building Area Main: 16148
Living Area Main: 11528
Adjusted Area Main: 13599
Year Built: 1981
Garage YN: 1
Attached Garage YN: 1
Garage Spaces: 2
Covered Spaces: 2
Lot Size Area: 103775
Lot Size Acres: 2.38
Lot Size Dimensions: 103775
Senior Community YN: No
Waterfront YN: 1
Water Frontage Feet: 862
Outdoor Living Spaces YN: Yes
Direction Faces: Southeast
Pool Private YN: Yes
Furnished: Unfurnished
Financial Information
Membership Fee Required YN: No
Tax Annual Amount: 716882
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
Boat and Dock Information
Dock: Yes
Price Calculations
Current Price To SqFt: 20558.63
Section Details
Parcel Number MLX: 0010
Status Change Information
Major Change Timestamp: 2026-05-04T04:00:00Z
Major Change Type: New Listing
Status Change Date: 2026-05-04
Originating Details
Originating System Key: 457520302
Originating System ID: M00000151
Property Features
Dining Area: Breakfast Area; Dining/Living Room
Exterior Features: Lighting; Other
Flooring: Marble; Terrazzo; Vinyl
Parking Features: Circular Driveway; Attached; Attached Garage; Garage
Property Condition: Resale
Appliances: Dishwasher; Disposal; Dryer; Gas Range; Refrigerator; Washer; Other
Water Heater Details: Electric Water Heater
Architectural Style: Split Level
Boat and Dock Features: Private Dock
Construction Materials: CBS
Cooling: Central Air; Electric
Heating: Central; Electric
Interior Features: Bedroom Layout - Split; Built-in Features; Closet Cabinetry; Elevator; Entrance Foyer; Storage; Walk-In Closet(s)
Listing Terms: Cash; Conventional
Other Equipment: Intercom; Other
Pets Allowed YN: Yes
Pets Allowed: No Restrictions
Pool Features: Free Form
Possession: Negotiable
Restrictions: No Restrictions
Roof: Concrete
Security Features: Smoke Detector(s)
Sewer: Public Sewer
Special Information: Property Survey Available
Tax Information: City/County
Utilities: Cable Available
View: Pool
Water Access: Ocean Access
Water Source: Public
Water View: Bay; Direct Ocean; Ocean
Waterfront Features: Bayfront; Ocean Front
Window Features: Sliding; Other
Showing Requirements: Appointment Only; Call Listing Agent
Outdoor Living Spaces: Balcony; Deck; Patio
Balcony Details: Balcony - Open
Room Types: Family Room; Laundry; Other
Acreage Description: 2 To Less Than 3 Acre Lot
Room Information
Room Name
Family Room
Other
Laundry

IDX
Listing Office: Coldwell Banker Realty

Last Updated: August - 26 - 2026

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.


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