The property of the week is 485 W Matheson Dr, Key Biscayne — one of America's most iconic waterfront estates, listed at $237 million (MLS #A11792875, active listing).
The residence
Built in 1981 and substantially renovated in 2007, the residence offers 11,528 square feet across three levels: five en-suite bedrooms, seven full bathrooms and two half baths. The master retreat spans an entire level, with four individual quarters, separate sitting areas and oversized balconies overlooking Biscayne Bay. A private elevator serves all floors; central air, an updated electrical system and a heated pool complete the infrastructure.
The land
Approximately 2.38 acres (103,775 square feet) with 325 feet of direct waterfront frontage on Biscayne Bay — one of the most exceptional parcels in South Florida. Private gates, lush tropical landscaping and sunrise views over the bay.
A storied address
According to the South Florida Business Journal, the estate served as President Richard Nixon's "Winter White House" and appeared in the film Scarface — the helipad built for the former president is still on the property.
Why this address matters
According to the listing, it is a rare convergence of legacy, location and opportunity — with potential for renovation, redevelopment or the creation of a modern compound on one of the most coveted waterfront addresses in the world. Properties of this scale rarely reach the market. And when they do, they don't need advertising: they need the right buyer.