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+77 photosWaterfront home — 485 W Matheson Drive · Tropical Isle Homes Resub · Key Biscayne
$237,000,000
485 W Matheson Drive, Key Biscayne, FL 33149
Boat up to approx. 29' LOA — preliminary estimate, verify
Estimate only, not guaranteed. Verify before you buy or sell. Boat length is a preliminary estimate from the water frontage, not a stated dock length — verify the berth before relying on it. Saved Cape Florida Channel route.
Key Biscayne, FL, 33149
5 bd · 9 ba · 11,528 sqft
Listed by Coldwell Banker Realty
485 W Matheson Drive, Key Biscayne, FL 33149
Boat up to approx. 29' LOA — preliminary estimate, verify
Estimate only, not guaranteed. Verify before you buy or sell. Boat length is a preliminary estimate from the water frontage, not a stated dock length — verify the berth before relying on it. Saved Cape Florida Channel route.
Listed by Coldwell Banker Realty
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Estimated monthly payment
$1,491,159/mo
Know your costs before you buy
Work through three numbers: your estimated monthly payment, the cash needed at closing, and insurance & flood.
Estimated monthly payment $1,491,159/mo · principal, interest, taxes, insurance and HOA. Verify before you buy.
Cash to close includes the down payment, lender and title costs, taxes, insurance prepayments and escrow deposits. Editable estimate only.
Insurance and flood: AE · verify insurance quotes before buying.
About this home
Find similar homes485 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.
Ask Simon about boat size
Boat length limit: 29 ft est. — verify · Dock: 200 ft
min · est.
2.7 nm
low tide depth
Enter draft
bridges on the route
Run to the ocean
Map © Esri · saved route, planning only
Water depth on the way out
about 4 ft at low tide (estimate, canal not surveyed)
about 5.9 ft at low tide (estimate, canal not surveyed)
about 5.9 ft at low tide (estimate, canal not surveyed)
about 4 ft at low tide (estimate, canal not surveyed)
about 5.9 ft at low tide (estimate, canal not surveyed)
Charted route depths do not confirm private dock depth, current shoaling or safe passage; verify with your captain.
Today’s tide · Eastern time
Current tide prediction not provided — Ask Simon
Route bridges & sources
Bridges on the route
No bridges on this route
Depth sources
NOAA chart (updated weekly)Tides
Tides: NOAA tide predictions, nearest station
Estimate only, not guaranteed. Verify before you buy or sell.
Why we flagged this one
A transparent review of current MLS facts—not a paid placement.
194 days on market
Longer time on market usually means the seller is more open to negotiating on price and terms.
Price reductions and days on market come from this listing's MLS record. This is an initial market signal, not a formal appraisal or full comparable market analysis.
Property Details
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Your costs (est.)
≈ $1,491,159/mo
485 W Matheson Drive, Key Biscayne, FL 33149 · Key Biscayne
Location
485 W Matheson Drive, Key Biscayne, FL 33149
Dock & Draft Match™
200 ft dock stated in the listing; confirm berth position and canal/inlet limits on site; route to the Atlantic limited by the home canal, about 49 ft wide (est.). Length screen only; verify beam, draft, bridges and tides
Boat length ~29 ft · preliminary
What buyers ask about this home
What are the estimated monthly carrying costs at 485 W Matheson Drive, Key Biscayne, FL 33149?+
Property tax (after sale): $255,322/month est.; homeowners insurance: $6,095/month est.; HOA: $0/month. Fixed ownership costs before a mortgage: $261,417/month est. Principal and interest: $1,229,742/month; PMI: $0/month. Total for the payment scenario shown: $1,491,159/month est. Flood insurance is not included. Estimate only, not guaranteed. Verify before you buy or sell.
Will property taxes go up after I buy 485 W Matheson Drive, Key Biscayne, FL 33149?+
Usually yes. In Florida the assessed value resets to market value in the year after a sale, so the seller's current tax bill is rarely what a new owner pays. Budget roughly 1.8–2.0% of the purchase price annually until you file for homestead exemption and the Save Our Homes cap (or the 10% non-homestead cap) starts limiting increases.
Does 485 W Matheson Drive, Key Biscayne, FL 33149 need flood insurance, and what drives the premium?+
Most of Key Biscayne sits in a FEMA flood zone, and lenders require flood coverage in high-risk zones. Premiums are driven by elevation certificate, flood zone, roof age and shape, and whether the home has impact windows or accordion shutters. Ask for the current declarations page, the four-point inspection and wind mitigation report early — they set your real cost of ownership.
What should an inspection focus on for a home like 485 W Matheson Drive, Key Biscayne, FL 33149?+
In coastal South Florida, prioritize roof age and permit history, whether windows and doors are impact-rated, the seawall and dock condition on waterfront lots, drainage and elevation, plumbing type (cast iron and polybutylene are common in homes of this era), and any open or expired permits with the city. These items, not cosmetics, drive both price and insurability.
What extra costs come with the waterfront at 485 W Matheson Drive, Key Biscayne, FL 33149?+
Waterfront ownership adds seawall maintenance and eventual replacement, dock and lift servicing, higher flood and wind premiums, and salt-air upkeep on exterior finishes and equipment. Confirm bridge height and water depth at low tide if you plan to keep a boat.
Is there room to negotiate on 485 W Matheson Drive, Key Biscayne, FL 33149?+
This listing has been on the market 194 days. Leverage comes from days on market, price history, comparable closed sales and the seller's motivation — not from a fixed percentage. I pull the full history and the true comps before we write, so the offer is built on what the property is actually worth today. Call or text (954) 562-1798 for that analysis.
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Simon Gedz
Realtor® since 1995
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$237,000,000 · MLS A12005335
$237,000,000
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