“Scarface” Mansion Hits Market for $237M, Priciest in South Florida
Why It Matters
The transaction could set a new benchmark for ultra‑luxury real estate in South Florida, while the estate’s storied past adds a distinctive branding advantage for prospective buyers.
Key Takeaways
- •Historic waterfront estate listed for $237 million in South Florida.
- •Former Nixon White House site later built by alleged drug smuggler.
- •Scarface film location adds cinematic cachet to the property.
- •Owner John Deane, once blamed for 2008 crisis, bought in 2003.
- •Potential record‑breaking sale could reshape South Florida luxury market.
Summary
The 13,000‑square‑foot waterfront mansion at 485 West Mat Drive has hit the market for $237 million, making it the most expensive home currently listed in South Florida. Situated on 2.4 acres in Biscayne Bay, the property once formed part of President Richard Nixon’s Winter White House compound before being redeveloped in the early 1980s.
Built by Roberto Streetinger, who later claimed the purchase was funded by drug smuggling, the estate gained pop‑culture fame as a filming location for the 1983 movie Scarface. Its current owner, investor John Deane—named by Time Magazine as one of the architects of the 2008 financial crisis—acquired the property in 2003 after spotting its helipad during a helicopter lesson.
Deane’s controversial reputation and the home’s cinematic pedigree have attracted attention, especially after the Monteceto mansion, another Scarface site, sold for $40 million four years ago. The listing emphasizes not just square footage but the allure of history, scandal, and bragging rights.
If the asking price is met, the sale could shatter Miami‑Dade’s record‑high home prices, signaling a new ceiling for ultra‑luxury real estate and underscoring the market’s appetite for properties with unique provenance.
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