TROPICAL ISLE HOMES RESUB

485 W Matheson Dr, Key Biscayne FL 33149

5 beds · 7.5 baths · 11,528 ft²

For Sale · Active Listing

$237,000,000

Est. Payment $1,261,414/mo

MLS Sheet Video

5

Bedrooms

7.5

Bathrooms

11,528

Sq. Ft.

1981

Year Built

2

Garage

2

Days on Market

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.

Facts

MLS#
A12005335
Subdivision
TROPICAL ISLE HOMES RESUB
Property Type
Residential
Property Sub Type
Single Family Residence
Year Built
1981
Lot Size
103,775 ft²
Sq. Ft.
11,528 ft²
Sq. Mt.
1,071 m²
Price per sq. ft.
$20,559/ft²
Price per sq. mt.
$221,289/m²
Stories
Garage
2 spaces
Pool
Days on Market
2 days
Listed
May 4, 2026
Last Updated
May 6, 2026
Price/Lot Sq.Ft.
$2,284/ft²

Market insights for Key Biscayne

Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.

Sellers market

May 2026

100/100
Buyers marketSellers market

55

Median days to sold

+4.5%

1-year price forecast (est.)

Price & tax history

From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).

5/4/2026Listed for sale$237,000,000

History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).

Location

485 W Matheson Dr, Key Biscayne FL 33149Directions

GreatSchools Summary Ratings

Public + private K-12 schools within 5 miles of this listing.

GreatSchoolsData provided by GreatSchools.org © 2026. All rights reserved.

Estimated Monthly Payment

$1,459,064/mo

Principal & Interest

$1,261,414

Property Tax

$197,500

Insurance

$150

HOA

$0

20% ($47,400,000)
7.00%
30 years
1.00% (FL avg ~1.0%)
$0/mo
$150/mo

Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.

Rangely Adames

Rangely Adames

Sales Associate | Sunland Group

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