Single Family Residence

485 W Matheson Dr

485 W Matheson Dr, Key Biscayne FL 33149

$237,000,000

For Sale

5 Beds · 7 Baths · 11,528 SqFt

See estimated monthly cost

This listing is courtesy of Coldwell Banker Realty. Jill Eber 305-915-2556

Overview

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.

Facts & features

Interior

Living area (sq ft)
11,528
Full bathrooms
7
Half bathrooms
2
Furnished
Unfurnished
  • Built-in Features
  • Closet Cabinetry
  • Elevator
  • Entrance Foyer
  • Split Bedroom
  • Walk-In Closet(s)
  • Family Room
  • Other
  • Storage
  • Utility Room/Laundry

Building & exterior

Year built
1981
Lot size (sq ft)
103,775
Garage spaces
2
Covered spaces
2
Waterfront
Yes
  • Bay
  • Ocean
  • Direct Ocean
  • Pool
  • Ocean Access
  • Ocean Front
  • Lighting
  • Open Balcony
  • Other
  • Circular Driveway

HOA (homeowners association)

Pets allowed
Yes
  • No Restrictions
  • Yes

Taxes

Annual tax
$716,882
Tax year
2025
Parcel number
24-42-32-007-0010

Listing

MLS number
A12005335
Property type
Single Family Residence
Price per SqFt
$20,559
Subdivision
TROPICAL ISLE HOMES RESUB
On market since
May 4, 2026
Days on market
114

Estimated monthly cost

$1,435,891 per month

Principal & interest (30 yr)
$1,198,401
Property tax
$59,740
Insurance (estimated)
$177,750

An estimate for comparison only — not a loan offer, a quote, or a commitment to lend. Actual taxes, insurance and financing terms will differ.

Location

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Nearby schools

  • Key Biscayne K-8 Center Public · PK-8 · 0.47 mi
  • Key Biscayne Presbyterian School Private · PK-KG · 0.70 mi
  • St Agnes Academy Private · PK-08 · 0.78 mi
  • St Christophers - By-The-Sea Montessori School Private · PK-06 · 0.83 mi

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