481 S Mashta Dr Key Biscayne, FL 33149
Estimated payment $125,506/month
Highlights
- Property has ocean access
- Private Dock
- Sitting Area In Primary Bedroom
- Key Biscayne K-8 Center Rated A-
- In Ground Pool
- 17,012 Sq Ft lot
About This Home
Discover perfection on coveted Mashta Island...this fully remodeled waterfront estate offers seamless, direct ocean access and mesmerizing views of Smugglers Cove and Biscayne Bay. Designed for ultimate indoor-outdoor living, this 3-level modern and elegant masterpiece features 8,544 SF total of actual area which includes garage and terraces and sits on a 17,012 SF lot with sun-filled contemporary spaces, top finishes, natural light throughout and exceptional craftsmanship. Featuring 5 bedrooms + office which can easily be converted to a 6th bedroom, 6.5 baths, elevator, garage, gym + extra parking, private dock ideal for boaters, summer kitchen, resort-style pool, and a spectacular covered entertainment level... this home is your own private waterfront resort in paradise.
Listing Agent
One Sotheby's International Realty License #0542022 Listed on: 04/08/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $84,924
Year Built
- Built in 1989
Lot Details
- 0.39 Acre Lot
- Home fronts a canal
- South Facing Home
- Property is zoned 2001
Parking
- 2 Car Attached Garage
- Automatic Garage Door Opener
- Driveway
- Paver Block
- Open Parking
Home Design
- Barrel Roof Shape
- Concrete Block And Stucco Construction
Interior Spaces
- 5,940 Sq Ft Home
- Built-In Features
- Blinds
- Entrance Foyer
- Family Room
- Formal Dining Room
- Den
- Utility Room in Garage
- Canal Views
Kitchen
- Breakfast Area or Nook
- Built-In Oven
- Electric Range
- Microwave
- Ice Maker
- Dishwasher
- Disposal
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Sitting Area In Primary Bedroom
- Primary Bedroom Upstairs
- Closet Cabinetry
- Walk-In Closet
- Bidet
- Dual Sinks
- Separate Shower in Primary Bathroom
Laundry
- Laundry in Garage
- Dryer
- Washer
Accessible Home Design
- Accessible Elevator Installed
Outdoor Features
- In Ground Pool
- Property has ocean access
- Canal Width 1-80 Feet
- Private Dock
- Balcony
- Patio
- Outdoor Grill
- Porch
Schools
- Keybiscayne Elementary School
- Mast Academy High School
Utilities
- Cooling Available
- Heating Available
- Electric Water Heater
Community Details
- Property has a Home Owners Association
- Voluntary home owners association
- Smugglers Cove Subdivision
Listing and Financial Details
- Assessor Parcel Number 24-52-05-017-0110
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $26,574 | $8,641,454 | -- | -- |
| 2024 | $84,924 | $5,433,777 | -- | -- |
| 2023 | $84,924 | $5,275,512 | $0 | $0 |
| 2022 | $81,871 | $5,121,857 | $0 | $0 |
| 2021 | $82,240 | $4,972,677 | $4,167,940 | $804,737 |
| 2020 | $81,618 | $4,982,692 | $4,167,940 | $814,752 |
| 2019 | $81,987 | $4,992,702 | $4,167,940 | $824,762 |
| 2018 | $83,847 | $5,274,903 | $4,440,132 | $834,771 |
| 2017 | $84,120 | $5,246,483 | $0 | $0 |
| 2016 | $95,013 | $5,784,876 | $0 | $0 |
| 2015 | $52,279 | $3,132,156 | $0 | $0 |
| 2014 | -- | $3,107,298 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/03/2025 11/03/25 | Price Changed | $22,470,000 | -6.0% | $3,783 / Sq Ft | |
| 09/09/2025 09/09/25 | Price Changed | $23,900,000 | +4.4% | $4,024 / Sq Ft | |
| 04/08/2025 04/08/25 | For Sale | $22,900,000 | +200.0% | $3,855 / Sq Ft | |
| 04/20/2015 04/20/15 | Sold | $7,633,000 | -14.2% | $1,083 / Sq Ft | View Prior Sale |
| 04/15/2015 04/15/15 | Pending | -- | -- | -- | |
| 11/07/2014 11/07/14 | Price Changed | $8,900,000 | -6.3% | $1,263 / Sq Ft | |
| 07/08/2014 07/08/14 | For Sale | $9,500,000 | -- | $1,348 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Quit Claim Deed | -- | None Listed On Document | |
| Warranty Deed | $29,700 | Attorney | |
| Warranty Deed | $7,633,000 | None Available | |
| Warranty Deed | $2,700,000 | -- | |
| Warranty Deed | $2,150,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $5,000,000 | New Conventional |
Source: MIAMI REALTORS® MLS
MLS Number: A11779615
APN: 24-5205-017-0110
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