Home in 520 S Mashta Drive, Key Biscayne, FL 33149 for sale with MLS# A12071221

Seize a rare opportunity to create a landmark waterfront estate on one of the largest residential lots in Key Biscayne's exclusive Mashta Island enclave. Spanning an extraordinary 22,140 square feet, this exceptional property offers 138 feet of pristine water frontage and sweeping open water views, providing an unparalleled setting for a world class residence.Plans by renowned architect, Pablo Corazzini of Vitalini Corazzini Architects, are available to the buyer, offering a thoughtfully conceived vision that takes full advantage of the property's remarkable scale, premier waterfront setting, and spectacular sunsets. The proposed design creates an extraordinary canvas for sophisticated indoor-outdoor living and entertaining, should the buyer choose to pursue the concept.With its exceptional lot size, expansive water frontage, and coveted Mashta Island address, this is a truly irreplaceable opportunity to create a legacy estate in one of South Florida's most prestigious waterfront communities.

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Days on the market

520 S Mashta Drive, Key Biscayne, FL 33149

Price
Price:
$19,900,000.00
Original List Price:
$19,900,000.00
List Price per Sq Ft (Calculated, Approx.):
$6,450.56
Property Status and Type
Listing Type:
For Sale
Status:
Active
Listing Category:
Residential
Property Type:
Single Family House
Description of Last Important Update:
New Listing
Last Major Update on:
August 12, 2026 4:00 am
Other Special Conditions:
Sold As-is
Rooms Distribution
Bedrooms:
5
Bathrooms Total:
4
Full Bath:
4
Room Type:
Family Room
Master Bedroom Bath:
Master Bdrm - Ground
Measures
Living Area:
3,085 Sqft
Built-Up Area:
4,177 Sqft
Lot Size Acres:
0.51
Property Features
View from the Property:
Bay, Direct Ocean
Waterfront:
Yes
Waterfront Features:
Ocean Access, Seawall, Bayfront
Frontage Length:
138
Private Pool
Swimming Pool Features:
In Ground
Appliances:
Other
Interior:
Bedroom Layout - Split
Air Conditioning
Air Conditioning System:
Central Air
Heating
Heating System:
Central
Boat and Dock Features:
Private Dock
Property Entrance Faces:
East
Other Equipment:
Other
Storm Protection Impact Glass:
Partial
Construction
Year Built:
1961
Roof:
Barrel, Spanish Tile
Levels:
One
Entry Level (floor):
1
Construction Materials:
Block
Flooring:
Tile
Number of stories:
1
Flood Zone Code:
AE
Property Condition:
Resale
Taxes and Expenses
Tax Annual Amount:
$201,741.00
Tax Year:
2026
Parking
Garage
Garage Spaces:
2
Covered Spaces:
2
Parking Features:
Driveway
Utilities
Sewer:
Public Sewer
Water Source:
Public
Community
Amenities Provided by the Homeowner's Association (HOA):
Other
Subdivision Name:
MASHTA ISLAND A REPLAT OF
Senior Community:
No
Community Dock
Leasing Permitted
Leasing Permitted Details:
Okay To Lease
Terms
Listing Terms Considered by Seller:
Cash, Conventional
Buyer Possession:
Negotiable
Zoning and Legal
Tax Legal Description:
5-6 55 42 MASHTA ISLAND A REPLAT OF TRS A & C SELY35FT LOT 16 & ALL LT 17 BLK BLK 3 LOT SIZE 135.000 X 164 OR 15816-1278 1292 1
Real Estate Folio Number (Parcel Number):
2452050090170
Zoning:
2001
Public Schools Assigned
Elementary School:
Palm Springs (miami-dade)
High School:
Coral Gables
Middle Or Junior School:
Ponce De Leon
Listing History
Active on the market since:
August 12, 2026
Listing Agreement executed on:
August 12, 2026
Listing Status Last Changed On:
August 12, 2026 4:00 am
Photos updated on:
August 19, 2026 3:44 pm
Last Modified:
August 19, 2026 3:49 pm
Additional Information
Courtesy of:
Coldwell Banker Realty
Attribution:
Not provided
Location
Street Name:
Mashta
Street Number:
520
City:
Key Biscayne
State:
Florida
Zip Code:
33149
County:
Miami-Dade
Latitude:
N25° 40' 59.8''
Longitude:
W81° 49' 38.2''
Street Suffix:
Drive
Street Direction Prefix:
S
Property Map

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Neighborhood Stats

Source: U.S. Census Bureau, ACS 5-Year Estimates

Median Household Income $171,982
Median Home Value $1,231,500
Median Rent $3,501/mo
Median Age 43
Population 14,628

Air Quality

Source: AirNow.gov · Miami

🌬️ Air Quality Index (AQI) 35 Good
☀️ O3 35 Good
🫁 PM2.5 35 Good
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Association of REALTORS®
Disclaimer: IDX listing information is presented by Rebonus Brokerage LLC for consumer informational purposes only. The information provided is 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. Data is deemed reliable but is not guaranteed by the MLS or the real estate broker. This page presents structured listing information sourced directly from the MLS via the RESO Web API feed. Rebonus prioritizes maximum field coverage and data completeness, displaying the most granular MLS-provided attributes available.