TROPICAL ISLE HOMES RESUB
485 W Matheson Dr, Key Biscayne FL 33149
5 beds · 7.5 baths · 11,528 ft²
$237,000,000
Est. Payment $1,261,414/mo
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
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).
| 5/4/2026 | Listed 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
GreatSchools Summary Ratings
Public + private K-12 schools within 5 miles of this listing.
South Olive Elementary SchoolPK,KG,1,2,3,4,5 · public · 0.3 mi
Forest Hill High Adult EducationUG · public · 0.6 mi
Forest Hill Community High School9,10,11,12 · public · 0.6 mi
Palmetto Elementary SchoolPK,KG,1,2,3,4,5 · public · 0.6 mi
Renaissance Charter School At SummitKG,1,2,3,4,5,6,7,8 · charter · 1.3 mi
St Juliana SchoolPK,KG,1,2,3,4,5,6,7,8 · private · 1.3 mi
Cornerstone AcademyKG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 1.5 mi
Meadow Park Elementary SchoolPK,KG,1,2,3,4,5 · public · 1.5 mi
Unity For KidsKG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 1.6 mi
The Elles School4,5,6,7,8,9,10,12 · private · 1.6 mi
Estimated Monthly Payment
$1,459,064/mo
Principal & Interest
$1,261,414
Property Tax
$197,500
Insurance
$150
HOA
$0
Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.
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