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ActiveBeachesMLS
ActiveMLS® A12005335
$237,000,000

485 W Matheson Drive, Key Biscayne, FL 33149

Beds
5
Baths
9
Sqft
11,528
Est. payment$1,703,742/mo
Home type
Single Family Residence
Year built
1981
Lot size
—
Price / sqft
$20,559
HOA
—
Community
TROPICAL ISLE HOMES RESUB

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.

Listing activity

Days on market
—
Listed
—
MLS listing updated
Sep 9, 2026
Feed last checked
6 minutes ago

Listed by Jill H Eber · Coldwell Banker Realty

Map

Map location is based on MLS-supplied coordinates. Verify the location before relying on it.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms
5
Bathrooms
9
Property

Not reported by the listing source.

Construction

Type & style

Home type
Single Family Residence
Year built
1981
Utilities & green energy

Not reported by the listing source.

Community & HOA

Community

Subdivision
TROPICAL ISLE HOMES RESUB
Lease details

Not reported by the listing source.

Location

Area details

City
Key Biscayne
County
Miami-Dade
ZIP code
33149
Manufactured home details

Not reported by the listing source.

Financial & listing details

Listing

MLS number
A12005335
Additional MLS details

Reported by the listing source

Bathrooms Total Integer
9
County Or Parish
Miami-Dade
List Price
237000000
Living Area
11528
Mls Status
Active
Postal Code
33149
Property Sub Type
Single Family Residence
Property Type
Residential
Standard Status
Active
State Or Province
FL
Subdivision Name
TROPICAL ISLE HOMES RESUB
Bedrooms Total
5

Market value

Automated estimate—No licensed valuation source connected
Estimated sales range—Ask Karim for a local market analysis
Estimated rent—No licensed rental valuation source connected

Price history

DateEventPrice
Sep 9, 2026Price updatedBeachesMLS$237,000,000$20,559/sqft

Public tax history

—

Payment calculator

Estimated monthly payment$1,703,742/moIllustrative estimate, not a loan offer.
Principal & interest
$1,229,742
Property taxes
$355,500
Insurance
$118,500
Association dues
—

Live national rate context is displayed below through Mortgage News Daily’s official widget. The calculator rate remains a separate assumption until licensed machine-readable access is connected. This is not a loan offer.

Neighborhood

Area

TROPICAL ISLE HOMES RESUB

Key Biscayne · Miami-Dade County · 33149

Climate risk

—

No licensed climate-risk source is connected.

Nearby schools

Not reported by the listing source.

School names and districts are MLS-reported when available. Verify attendance boundaries with the school district. Ratings require a licensed ratings provider.

Nearby homes

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BeachesMLS

BeachesMLS · Listing courtesy of Coldwell Banker Realty. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright ©2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers’ personal, non-commercial use and may be used only to identify prospective properties they may be interested in purchasing or leasing. Terms of use · Equal Housing Opportunity.