485 W Matheson Dr, Key Biscayne, FL 33149 — MLS photo

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485 W Matheson Dr, Key Biscayne, FL 33149

Active · SingleFamilyResidence

$237,000,000

485 W Matheson Dr, Key Biscayne, FL 33149

Beds
5
Baths
9
Living area
11,528 sq ft
$ / sq ft
$20,559/sq ft
Year built
1981
Lot size
103,775 sq ft
HOA fee
—
Annual tax
—

About this property

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.

Property location

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485 W Matheson Dr, Key Biscayne, FL 33149

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Facts & features

Interior

Bedrooms
5
Bathrooms
9
Living area
11,528 sq ft

Exterior & Structure

Property type
SingleFamilyResidence
Year built
1981
Lot size
103,775 sq ft

Parking

Not provided in the MLS listing.

HOA, Community & Financials

County
Miami-Dade
MLS listing ID
A12005335
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$1,031,751

Cap rate
0.5%
Net yield
0.5%
Cash-on-cash return
-18.7%
Gross yield
3.4%
Mortgage payment
$1,123,501/mo
Down payment
$59,250,000
Loan amount
$177,750,000
Annual NOI
$1,101,000

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.