Situated on a 2-acre, private peninsula with a deep-water cove jutting into Biscayne Bay, this single family home is the most expensive home to have ever been listed in Miami. The ~12,000 sq. ft. home has 6 bedrooms and 8 bathrooms. It features a elevator. an gazebo and sweeping views of Biscayne Bay and the Miami skyline.

If the home sells at close to the asking price, it will be the singularly most expensive listing ever sold in Miami. In 2011, a house on Indian Creek Island home sold for $47 million and there is a penthouse at Faena House on Miami Beach under contract for $50 million.

Of course, a home such as this has an interesting and enduring history. The property, known as Mashta Point, was the original location for, “Mashta House”, built in 1917 by W.J. Matheson. The Matheson family owned most of Key Biscayne, and their legacy endures to this day. Mathieson House wars the epicenter of the rich and famous of the day who wintered in South Florida. Politicians, movie stars and socialites all enjoyed fabulous parties hosted on the man-made peninsula. The deep-water cove provided anchorage and protection for their yachts and tenders.

The original home was torn down and the current owners, identified by tax records as a corporation associated with Fernando Caballero, built the current home in the early 1990’s. The current owners use the home as a vacation home, and it is also for rent at $50,000 per month.

The listing agents are Jorge Uribe and Tata Botero of ONE Sotheby’s International Realty.

Photo Courtesy Jason Spiewak