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Iconic Mashta House Hits The Market For $60,000,000

September 11th, 2014 Written By Riley Smith

Mashta House, Key Biscayne

If you have ever driven past Key Biscayne on a boat then you have  no doubt noticed the spectacular piece of property located at 775 South Mashta Drive (aka The Mashta House). This man-made peninsula was built by W.J. Matheson in the early 1900’s and inspired by a house that he had seen while visiting the Nile.  The home was used for guests of Matheson who arrived on Key Biscayne by yacht including the Carnegies, Mellons and Vanderbilts.

Currently listed for $60,000,000 by Jorge Uribe, the property offers 11,600 square feet of land with spectacular 360 degree waterfront views. If this property sells anywhere near its asking price, it will break a record on Key Biscayne as well as Miami-Dade.  The highest sale price on record on Key Biscayne is $13,500,000 for 468 Bay Lane which closed in 2012.  The highest sale price on record in Miami-Dade is 3 Indian Creek Road which closed for $47,000,000, also in 2012. Check out the top 5 highest priced listings on Key Biscayne:

  1. 775 South Mashta Drive | List Price: $60,000,000 | Listed by Jorge Uribe of One Sothebys
  2. 7 Harbor Point | List Price: $23,000,000 | Listed by Barbara Lamar of One Sothebys
  3. 9 Harbor Point | List Price: $21,500,000 | Listed by Dennis Carvajal of One Sothebys
  4. 28 Harbor Point Drive | List Price: $19,750,000 | Listed by Audrey Ross of EWM Realty
  5. 350 Ocean Drive #PH02N  (Oceana)| List Price: $19,000,000 | Listed by Consultatio Realty

If you are looking for a Realtor who specializes in Key Biscayne real estate, please don’t hesitate to contact us. We study and analyze the market so that our clients make informed and confident decisions.  If you are interested in contacting us, please send us a message here.

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