How much is 485 W Matheson Drive?

485 W Matheson Drive is listed at $237,000,000, which is about $20,559 per square foot. The listing page shows comparable active listings and recent closed sales nearby so you can judge the asking price against what buyers have actually paid.

What are the property taxes on 485 W Matheson Drive?

The listing reports annual property taxes of $716,882 for 2025. Taxes are reassessed at the sale price after a purchase, so a new owner's bill can differ from the current owner's; use the mortgage calculator on this page for an estimate.

When was 485 W Matheson Drive built?

485 W Matheson Drive was built in 1981 and the listing describes its condition as resale. Age matters for insurance and financing in Florida: ask about the roof, the electrical panel and, for a condo built before the current code, the building's structural reserve study.

How long has 485 W Matheson Drive been on the market?

485 W Matheson Drive has been listed for 142 days. Days on market and price changes are the first signals of how much room there is to negotiate.

Is 485 W Matheson Drive waterfront?

Yes. The listing describes the water as ocean access bayfront ocean front. For a home with dockage, confirm the water depth at low tide, the seawall condition and whether the route to the inlet passes under any fixed bridges before you offer.

Which schools serve 485 W Matheson Drive?

The MLS lists Key Biscayne K-8 (elementary), Ponce De Leon (middle), Coral Gables (high). School assignments are set by the district and can change; verify them with the school board before you rely on them.

How do I see 485 W Matheson Drive?

Request a showing from this page or call BreakThru Realty and a licensed agent will arrange a private tour, in person or by video, and answer anything the listing leaves out.

485 W Matheson Drive, Key Biscayne, FL 33149

$237,000,000 · Active

5 beds
9 baths
11,528 sq ft
Single Family Residence
Built 1981
Lot 103,672.8 sq ft
MLS# A12005335
Tropical Isle Homes Resub

Photo 1 at 485 W Matheson Drive, Key Biscayne

Photo 2 at 485 W Matheson Drive, Key Biscayne

Photo 3 at 485 W Matheson Drive, Key Biscayne

Photo 4 at 485 W Matheson Drive, Key Biscayne

Photo 5 at 485 W Matheson Drive, Key Biscayne

Photo 6 at 485 W Matheson Drive, Key Biscayne

Photo 7 at 485 W Matheson Drive, Key Biscayne

Photo 8 at 485 W Matheson Drive, Key Biscayne

About this home

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.

Video Tour

Watch the video tour of 485 W Matheson Drive

Features

Built-in Features
Entrance Foyer
Elevator
Walk-In Closet(s)
Bedroom Layout - Split
Closet Cabinetry
Storage
Lighting
Other
Balcony
Ocean Access
Bayfront
Ocean Front
Free Form

Schools

Elementary: Key Biscayne K-8
Middle: Ponce De Leon
High: Coral Gables

Presented by

BreakThru Realty · (786) 914-1017

Courtesy of

Coldwell Banker Realty · Listing agent: Jill H Eber

Schedule a showing

Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to see 485 W Matheson Drive.

Questions About 485 W Matheson Drive

How much is 485 W Matheson Drive?: 485 W Matheson Drive is listed at $237,000,000, which is about $20,559 per square foot. The listing page shows comparable active listings and recent closed sales nearby so you can judge the asking price against what buyers have actually paid.
What are the property taxes on 485 W Matheson Drive?: The listing reports annual property taxes of $716,882 for 2025. Taxes are reassessed at the sale price after a purchase, so a new owner's bill can differ from the current owner's; use the mortgage calculator on this page for an estimate.
When was 485 W Matheson Drive built?: 485 W Matheson Drive was built in 1981 and the listing describes its condition as resale. Age matters for insurance and financing in Florida: ask about the roof, the electrical panel and, for a condo built before the current code, the building's structural reserve study.
How long has 485 W Matheson Drive been on the market?: 485 W Matheson Drive has been listed for 142 days. Days on market and price changes are the first signals of how much room there is to negotiate.
Is 485 W Matheson Drive waterfront?: Yes. The listing describes the water as ocean access bayfront ocean front. For a home with dockage, confirm the water depth at low tide, the seawall condition and whether the route to the inlet passes under any fixed bridges before you offer.
Which schools serve 485 W Matheson Drive?: The MLS lists Key Biscayne K-8 (elementary), Ponce De Leon (middle), Coral Gables (high). School assignments are set by the district and can change; verify them with the school board before you rely on them.
How do I see 485 W Matheson Drive?: Request a showing from this page or call BreakThru Realty and a licensed agent will arrange a private tour, in person or by video, and answer anything the listing leaves out.

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Nearby ZIP Codes

Other Key Biscayne neighborhoods include Cape Florida and Key Colony. Nearby ZIP codes include 33131 and 33129. This property also neighbors Brickell, Coconut Grove, and Miami. Compare it with the Key Biscayne housing market report.