Single Family Residence
485 W Matheson Dr
485 W Matheson Dr, Key Biscayne FL 33149
$237,000,000
5 Beds · 7 Baths · 11,528 SqFt
See estimated monthly costThis 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
Nearby schools
- Key Biscayne K-8 Center
- Key Biscayne Presbyterian School
- St Agnes Academy
- St Christophers - By-The-Sea Montessori School
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