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520 S Mashta Dr, Key Biscayne, FL, 33149

$20,000,000

5 Bedrooms
4 Full Baths
3,085 SqFt
$6,483/SqFt
House

Location

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway
Garage2 spaces
Year Built1961
HeatingCentral
CoolingCentral Air
WaterfrontBay Front, Seawall
ViewBay, Ocean
MLS #A11684094
StatusActive

About 520 S Mashta Dr

Seize the rare chance to create your dream estate on one of the largest lots in Key Biscayne's prestigious Mashta Island community. This 23,263-square-foot property features 138 feet of pristine water frontage, offering breathtaking open-water views—an ideal backdrop for a grand residence. Collaborate with the renowned Corazzini & Associates, known for their award-winning designs that merge elegance with functionality. Enjoy spectacular sunsets visible throughout your home, perfect for relaxation and entertaining. Included are fully approved plans and permits for a stunning 8-bedroom, 8.5-bath, 10,000-square-foot estate, ensuring a seamless start to your vision. Don’t miss this once-in-a-lifetime opportunity to establish a legacy in one of South Florida's most prestigious enclaves.

Property Details

Property Features

Property Information:

  • Architectural Style: One Story
  • Year Built: 1961
  • Stories: 1
  • Living Area: 3,085 SqFt

Listing Office:

  • Office Name: Douglas Elliman
  • Office Phone: (305) 695-6300
  • Listing Agent: Jonathan Matos

Interior Features

Interior Information:

  • Appliances: Other
  • Flooring Type: Tile
  • Interior: Bedroom on Main Level, First Floor Entry, Split Bedrooms

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Waterfront: Bay Front, Seawall
  • View: Bay, Ocean
  • Exterior: Security/High Impact Doors

Parking Information:

  • Garage Space: 2 spaces
  • Parking: Driveway

Virtual/3D Tour

  • Virtual Tour: 520 S Mashta Dr
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Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $20,000,000
  • Price Per SqFt: $6,483/SqFt

Tax Information:

  • Annual Amount: $146,690
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Key Biscayne, FL.

Med. Sold Price

$1.5M

Med. Price/SqFt

$909

Avg. Days On Market

69

# of Sold Homes

18

520 S Mashta Dr vs Key Biscayne

49 DAYS ON ROCKET

-20 Days

$20,000,000

+$18.4M More

$6,483/SqFt

+$5.5K More

KEY TAKEAWAY

This property is $18.4M more than the Median Sold Price and $5.5K/SqFt more than other homes in Key Biscayne, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11684094

Listing Office:

  • Office Name: Douglas Elliman
  • Office Phone: (305) 695-6300
  • Listing Agent: Jonathan Matos

IDX © 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 5:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$146,690$8,981,814
2018$143,888$8,983,609
2017$167,074$10,534,307

History based on county public records data.

Payment Calculator

$99.8K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$60K

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4399832
8
/10
  • Key Biscayne K-8 Center

  • 150 W McIntyre St

  • 0.62 miles

  • Public District Grades PK-5

school-card-donut-4399833
10
/10
  • Coconut Grove Elementary School

  • 3351 Matilda St

  • 5.40 miles

  • Public District Grades PK-5

school-card-donut-4399834
7
/10
  • Southside Elementary School

  • 45 SW 13th St

  • 5.58 miles

  • Public Magnet Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $134,750. The majority of Key Biscayne, FL residents have income between $100k-200k annually. Most families are married, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 520 S Mashta Dr

What is the listing price of this property?

The listing price of 520 S Mashta Dr property is $20,000,000.

What type of property is this?

The property 520 S Mashta Dr is a house located in Key Biscayne, Florida, 33149.

Is this property for sale now?

Active Listing: 520 S Mashta Dr is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $146,690 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 520 S Mashta Dr has 5 bedrooms and 4 bathrooms.

What is the square footage of this property?

The property 520 S Mashta Dr is 3,085 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 520 S Mashta Dr is 1961.
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Rocket HomesFloridaMiami-Dade CountyKey Biscayne33149520 S Mashta Dr

This home is located at 520 S Mashta Dr in Key Biscayne, FL and zip code 33149. This 3,085 square foot home was built in 1961. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since October 29, 2024 and is currently priced at $20,000,000.

Over 1 listings were sold over their listed price in November 2024 in Key Biscayne, FL. In the same period over 14 listings were sold below the listed price and 3 listings were sold for the listed price. In November 2024 in Key Biscayne, FL there were 6.9% more homes for sale than in October 2024. While the average time on the market in November 2024 was 69 days, the median list price was $1,525,000.

From Rocket Homes Real Estate and based on county public records data.

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