5-Bed Single Family Residence at TROPICAL ISLE HOMES RESUB in Key Biscayne

$237,000,000

Listing courtesy of Coldwell Banker Realty; Jill Eber. Information from the Southeast Florida Multiple Listing Service is deemed reliable but is not guaranteed accurate.

For Sale
bedrooms

5

bathrooms

7

Square Footage

11528

Type of Property

Single Family Residence, Residential

Details

Overview

Sub Type
Single Family Residence
Price Per Sqft
$20,559/sqft
Built In
1981
Taxes
$716,882/yr

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.

This single family residence home located at 485 W Matheson Dr, Key Biscayne FL 33149 is currently for sale and has been available on Brickellsold for 128 days. This property is listed at $237M. It has 5 beds, 7 bathrooms, and is 11528 square feet. It was built in 1981. 485 W Matheson Dr, Key Biscayne FL 33149 is in Key Biscayne county Miami-Dade County.

Interior

Bedrooms
5
Bathrooms
9
Bathrooms Full
7
Features
  • Flooring: Marble, Terrazzo, Vinyl
  • Common walls with other units/homes: Attached, Multi Level
Heating
Central, Electric
Cooling
Central Air, Electric
Appliances
Dishwasher, Disposal, Dryer, Electric Water Heater, Other Equipment/Appliances, Gas Range, Refrigerator, Washer
Total structure area
16,148
Total interior livable area
11,528 sqft

Property

Parking
  • Covered Spaces: 2
  • Parking Features: Circular Driveway,Other
  • Garage Spaces: 2
Parcel Number
24-42-32-007-0010
Features
  • Entry location: Built-in Features, Closet Cabinetry, Elevator, Entrance Foyer, Split Bedroom, Walk-In Closet(s), Family Room, Other, Storage, Utility Room/Laundry
  • Exterior Features: Lighting, Open Balcony, Other
  • Has View: Yes
  • View Description: Bay, Ocean, Direct Ocean, Pool

Construction

Property subtype
Single Family Residence, Residential
Materials
CBS Construction
Condition
  • Year Built: 1981

Community & HOA

Community
  • Security Features: Smoke Detector
  • Subdivision: TROPICAL ISLE HOMES RESUB
HOA
  • Amenities:
Region
Key Biscayne

Financial

Price Per Sqft
$20,559/sqft
Taxes
$716,882/yr
On Market Date
5/3/2026
Listing Terms
All Cash, Conventional

Metadata

Added
5/4/2026
Updated
9/9/2026
MLS#
A12005335
Days on Market
128
Listed By
Coldwell Banker Realty
Originating MLS
A-Miami Association of REALTORS

Neighborhood Insights

School and crime data are from public sources and are informational only.

Nearby Schools

Within 5 miles

  • Key Biscayne K-8 Center • 0.0 mi • K-12
  • Marjory Stoneman Douglas Biscayne Nature Center • 0.0 mi • K-12
  • Maritime & Science Technology Academy • 0.0 mi • K-12
  • Southside Preparatory Academy • 0.0 mi • K-12
  • Coconut Grove Elementary • 0.0 mi • K-12

Nearby Hospitals

Within 3 miles

No nearby hospitals found.

Crime Overview

Crime data unavailable for this area.

Map

Price History

EventPriceDate
Original list price$237,000,000May 4, 2026

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