485 W Matheson Dr, Key Biscayne, FL, 33149 | $237,000,000

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.

Features

  • Bedrooms: 5
  • Baths: 7 full / 1 half
  • Style: Tri-Level
  • Year Built: 1981
  • Garage: 2-car Attached,Circular Driveway,Garage,Other
  • Heating: Central,Electric
  • Cooling: Central Air,Electric
  • Approx Sq. Feet: 11,528
  • Est. Taxes: $716,882
  • Lot Desc: 2-3 Acres
  • View: Bay,Ocean,Pool
  • Water Front: Yes
  • Pets Allowed: Yes
  • Pet Policy: No Pet Restrictions,Yes
  • Appliances: Dryer,Dishwasher,Electric Water Heater,Disposal,Gas Range,Other,Refrigerator,Washer
  • MLS#: A12005335
  • Days on Market: 2 days
  • Website: https://www.raveis.com
    /eprop/A12005335/485wmathesondr_keybiscayne_fl?source=qrflyer
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Listing courtesy of COLDWELL BANKER REALTY   Phone: 305-672-6300

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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485 W Matheson Dr, Key Biscayne, FL, 33149

$237,000,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $189,600,000 $189,600,000 $189,600,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.875% 6.125% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.312% 6.235% 6.164%
Monthly Tax Payment $59,740 $59,740 $59,740
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $1,121,556 $1,152,030 $1,599,953
Total Monthly Payment $1,181,421 $1,211,895 $1,659,818

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.