A presidential retreat. A cinematic icon. Nearly 900 feet of waterfront on Key Biscayne. And now, Miami-Dade County’s most expensive listing ever.
By David Nguah | Miami’s Real Estate | +1 (786) 200-3966 | April 23, 2026
If you follow ultra-luxury real estate — or if you’ve ever watched a certain 1983 Al Pacino film — you already know this house. The estate at 485 West Matheson Drive, Key Biscayne just hit the market at $237,000,000, making it the most expensive residential listing in Miami-Dade County history. If it sells anywhere near the asking price, it would shatter the current county record of $170 million set earlier this year when Mark Zuckerberg purchased a compound on Indian Creek.
But this property isn’t just about the price tag. It’s about legacy, location, and the kind of irreplaceable provenance that money alone can’t manufacture.
A Property With Presidential — and Cinematic — History
In 1969, President Richard Nixon acquired this waterfront compound and designated it his “Winter White House.” During his presidency, world leaders and dignitaries arrived by helicopter to the estate’s private landing pad — a massive concrete platform constructed specifically for presidential use and still standing today. The estate was the backdrop for some of the most consequential diplomatic moments of the Nixon era, hosting heads of state from around the globe.
Then, in the early 1980s, the property took on a second life in American pop culture. It was selected as the primary filming location for the 1983 film Scarface, appearing on screen as drug lord Frank Lopez’s compound — the setting where Tony Montana’s rise to power begins. Much of the home’s original design from that era has been preserved, including the iconic glass elevator featured prominently in the film. The estate was later featured in the hit television series Miami Vice, further cementing its status as one of the most recognizable private residences in entertainment history.
What $237 Million Gets You
The main residence spans approximately 13,000 square feet across three levels. The main living level features roughly 4,500 square feet of expansive marble floors and floor-to-ceiling glass with unobstructed bay views. At the center of the home, the iconic glass elevator from Scarface remains fully functional. This level includes a kitchen, guest suite, private office, and gym.
The private upper level houses three bedrooms and an open sitting area, with the primary suite occupying a prominent position complemented by a dedicated office and expansive walk-in closets. Below, a 7,000+ square-foot lower level offers a game room, music studio, staff accommodations, and extensive storage — a scale of flexibility rarely found in waterfront properties.
See All Photos, Floor Plans & Full Property Details for 485 W Matheson Drive →
The Marina and Helipad
The estate’s defining outdoor feature is its 20,000+ square-foot presidential helipad, which now functions as a world-class private marina capable of accommodating yachts up to approximately 200 feet, alongside additional slips for secondary vessels. The deed also includes over 34,000 square feet of submerged land, providing rare control over the adjacent waterway. The helipad platform has also been demonstrated as a venue for large-scale private events with capacity for 100+ vehicles.
The Grounds
Set across nearly two acres of meticulously designed grounds, the estate features mature tropical landscaping, a distinctive piano-shaped pool, and more than 500 integrated landscape lights that bring the property to life at night. With approximately 862 feet of direct Biscayne Bay frontage, the estate ranks among the most significant privately held waterfront positions in all of South Florida.
Listing Details
Address: 485 West Matheson Drive, Key Biscayne, FL
Price: $237,000,000
Listing Agents: Coldwell Banker
Owner: John Devaney, founder & CEO of United Capital Markets
Full Listing: View the Complete Listing for the Scarface Estate at 485 W Matheson Drive, Key Biscayne
How the Scarface Estate Stacks Up: Every $100M+ Home for Sale in the U.S. Right Now
At $237 million, the Scarface Estate enters a rarefied tier of American residential real estate. To put the listing in context, here is a look at every home currently on the market in the United States with an asking price above $100 million, sourced from Douglas Elliman’s property database.
| Address & Price | Bds/Baths/SF | Key Features |
|---|---|---|
| 1960 S Ocean Blvd Manalapan, FL $285M |
8 bd / 16 ba 50,000+ sf |
Ocean-to-Intracoastal on ~4 acres, 700+ ft frontage, car museum, movie theater, bowling alley, 3,700 SF pool |
| 100 Bay Rd Port Royal, Naples, FL $271M |
— | Gordon Pointe peninsula on 9+ acres, 722 ft beach, three residences, 231 ft deep-water yacht basin |
| 485 W Matheson Dr Key Biscayne, FL $237M |
5 bd / 9 ba ~13,000 sf |
THE SCARFACE ESTATE — Nixon’s Winter White House, 862 ft Bay frontage, 20,000+ SF helipad/marina, glass elevator |
| 1491 N Ocean Blvd Palm Beach, FL $205M |
8 bd / 11 ba 14,496 sf |
4+ acre Palm Beach estate, 230 ft ocean frontage, guest cottage, beachfront cabana, 65 ft pool |
| 911 N Ocean Blvd Palm Beach, FL $185M |
12 bd / 20 ba 17,572 sf |
Oceanfront on 2.25 acres, 250+ ft frontage, main residence + guesthouse, gardens, tennis court |
| 600-620 Arvida Pkwy Coral Gables, FL $175M |
10 bd / 18 ba 21,145+ sf |
Modern tropical on 2+ acres in Gables Estates, 335 ft waterfront, speakeasy, wine cellar, 8-car garage |
| 1370 S Ocean Blvd Manalapan, FL $135M |
9 bd / 16 ba 29,485 sf |
Lowest price per SF at $4,579 — strong value for Manalapan oceanfront |
| 3149 Brickell Ave Miami, FL $110M |
7 bd / 5 ba 5,705 sf |
Ultra-prime Brickell waterfront, $19,281/SF — highest price-per-foot, land value play |
| 790 S County Rd Palm Beach, FL $105M |
7 bd / 13 ba 14,302 sf |
Legacy Palm Beach address with significant lot size and privacy |
| 3100 N Bay Rd Miami Beach, FL $100M |
7 bd / 10 ba 10,250 sf |
North Bay Road waterfront — one of Miami Beach’s most coveted corridors |
Source: Douglas Elliman property database via Elli AI, April 2026. Listings subject to change. Contact David Nguah at +1 (786) 200-3966 or info@miamisrealestate.com for the latest availability and private showings.
What This Listing Means for the Miami Luxury Market
The Scarface mansion listing in Miami signals a broader trend that anyone watching Miami real estate should pay attention to. South Florida now dominates the ultra-luxury tier in the United States — eight of the ten $100M+ listings in the country are located in Florida, with the majority concentrated between Miami-Dade and Palm Beach counties.
The current Miami-Dade record of $170 million was set just months ago with Mark Zuckerberg’s Indian Creek purchase. If the Scarface Estate sells at or near its asking price, it won’t just set a new county record — it will establish Key Biscayne as a player in a pricing tier previously reserved for Indian Creek, Star Island, and Palm Beach’s oceanfront corridor.
For buyers and investors, the takeaway is clear: Miami’s ultra-luxury market continues to appreciate, driven by international capital, favorable tax policy, and a supply of trophy-caliber properties that simply doesn’t exist anywhere else in the country.
Image has been digitally enhanced with AI for illustrative purposes.
Explore Miami’s Most Exclusive Neighborhoods
The Scarface Estate sits in the same ultra-premium tier as Miami’s most coveted addresses. If you’re exploring the top of the market, these neighborhoods represent the pinnacle of South Florida luxury living:
Indian Creek Island — Known as “Billionaire Bunker,” this private island is home to some of the world’s wealthiest residents, including recent record-setting sales.
North Bay Road — One of Miami Beach’s most prestigious waterfront corridors, featuring sprawling estates with open bay views.
Star, Palm & Hibiscus Islands — Iconic Venetian island estates with some of the most recognizable addresses in Miami Beach.
La Gorce Island — A guard-gated private island in Miami Beach offering waterfront mansions with exceptional privacy.
Sunset Islands — Four exclusive residential islands west of Miami Beach, prized for their quiet streets and bay-front living.
For ultra-luxury condominiums, explore Faena House, Apogee South Beach, and Continuum South Beach — three of the most sought-after buildings on the beach.
For a comprehensive look at gated communities and secure residences, visit our guide to Miami’s Most Secure Condos and Neighborhoods.
Interested in Miami’s Ultra-Luxury Market?
Whether you’re exploring properties in this price range, curious about what’s available off-market, or looking to understand how Miami’s luxury market can work for your portfolio — I’m here to help.
As a Miami-based realtor specializing in luxury and waterfront properties, I can provide private access to listings, market intelligence, and the white-glove service that transactions at this level demand.
Start here: Explore the Full Listing for the Scarface Estate at 485 West Matheson Drive, Key Biscayne
info@miamisrealestate.com | +1 (786) 200-3966 | Miami’s Real Estate
Final Thoughts
The Scarface mansion in Miami is more than a house — it is a piece of American history, from the halls of presidential diplomacy to the silver screen. Properties with this kind of dual provenance simply do not come to market. Whether it ultimately trades at $237 million or sets a new negotiation benchmark, this listing is a defining moment for Miami real estate in 2026.
Stay tuned for updates on this listing — view the current listing for 485 W Matheson Drive, Key Biscayne here and the broader Miami luxury market. And if you’re in the market for something extraordinary, reach out — the best properties often move before they ever appear on a public listing.
