481 S Mashta Dr

$21,780,000
Price
5
Beds
5,940 Sq. Ft.
$3,667 / Sq. Ft.
5,940
Sq. Ft.
$3,667
per Sq. Ft.

Description

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 +...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.

Property Details for 481 South Mashta Drive

Subdivision
SMUGGLERS COVE
Style
WF/Pool/Ocean Access
Waterfront
Yes
Waterfront Description
Canal Front, Canal Width 1-80 Feet, Ocean Access
View
Canal, Water View
Furnished
Unfurnished
Area
52
Auction
No
LISTING UPDATED: 12/17/2025 02:35 PM

Property Details for 481 South Mashta Drive

StatusActive
MLS #A11779615
Days on Market258
Taxes$84,924 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeSingle Family / Single
Year Built1989
Lot Size0.39 AC / 17,012 SF
CountyMiami-Dade County

Location

Listing Courtesy of One Sotheby's International Realty
Add your commute

Building Information for 481 South Mashta Drive

Stories3Year Built1989Building Size-Lot Size0.39 AC / 17,012 SF

Payment Calculator

$114,700 per month

30 year fixed, 6.28% Interest

Principal and Interest

$107,623

Property Taxes

$7,077

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 481 South Mashta Drive

Location Information
Schools
  • Elementary School: Keybiscayne
  • Senior High School: Mast Academy
Location Information
  • Parcel Number Free Text: 24-52-05-017-0110
  • Parcel Number MLX: 0110
  • MLS Area: 52
  • Municipal Code: 24
  • Township Range: 52
  • Section: 5
  • Subdivision Number: 17
  • Subdivision Complex Bldg: SMUGGLERS COVE
  • Zoning Information: 2001
General Information
Parking
  • Num Garage Spaces: 2
  • Garage Description: Attached
  • Parking Description: Covered Parking, Driveway, Pavers
General Information
  • Front Exposure: South
  • Housing Older Persons Act: Unverified
  • Property Sq Ft: 17012
  • Lot Description: 1/4 To Less Than 1/2 Acre Lot
  • Waterfront Frontage: 0
  • Water Access: Dock Available, Private Dock, Unrestricted Salt Water Access
  • Boat Access: Private Dock
  • Boat Services: Private Dock
  • Pool: Yes
  • Pool Description: Below Ground Pool
  • Pool Dimensions: 0
  • Design: Attached
  • Design Description: Three Or More Stories
  • Construction: CBS Construction
  • Construction Type: CBS Construction
  • Roof Description: Barrel Roof
  • Flooring: Ceramic Floor, Wood Floors
  • Floor Description: Ceramic Floor, Wood Floors
Room Information
Room Information
  • Rooms Description: Den/Library/Office, Family Room, Utility/Laundry In Garage
  • Bedroom Description: Primary Bedroom Upstairs, Sitting Area - Primary Bedroom
  • Master Bathroom Description: Bidet, Dual Sinks, Separate Tub & Shower
  • Master Bath Features: Bidet, Dual Sinks, Separate Tub & Shower
  • Dining Description: Breakfast Area, Formal Dining
Additional Property Information
Utilities
  • Heating Description: Electric Heat
  • Cooling Description: Electric Cooling
  • Sprinkler Description: Auto Sprinkler
  • Water Description: Municipal Water
  • Sewer Description: Municipal Sewer
  • Cable Available: Yes
Additional Property Information
  • Pets Allowed: Yes
  • Pets Allowed: Yes
  • Pet Restrictions: None
  • Guest Accommodations: No
  • Room Count: 0
  • Furnished: Unfurnished
  • Interior Features: First Floor Entry, Built-Ins, Closet Cabinetry, Elevator, Foyer Entry, Other Interior Features, Pantry, Walk-In Closets
  • Equipment Appliances: Automatic Garage Door Opener, Dishwasher, Disposal, Dryer, Electric Water Heater, Elevator, Icemaker, Microwave, Electric Range, Refrigerator, Wall Oven, Washer
  • Windows Treatment: Blinds/Shades
  • Exterior Features: Built-In Grill, Open Balcony, Open Porch, Patio
  • Subdivision Information: Public Road, Voluntary Hoa
Financial Information
Financial Information
  • Type of Association: Voluntary
  • Flood Zone: AE
  • Tax Year: 2024
  • Tax Information: Tax Reflects Homestead Exemption
  • Special Information: As Is, Flood Zone

Property History for 481 South Mashta Drive

DateEvent & SourcePriceAppreciation
Dec 3, 2025

Price Change

MiamiRE #A11779615

$21,780,000
Nov 3, 2025

Price Change

MiamiRE #A11779615

$22,470,000
Sep 9, 2025

Price Change

MiamiRE #A11779615

$23,900,000
Apr 8, 2025

Listed (Active)

MiamiRE #A11779615

$22,900,000
Jul 9, 2024

Cancelled

MiamiRE #A11600128

Jun 3, 2024

Cancelled

MiamiRE #A11516945

Jun 3, 2024

Listed (Active)

MiamiRE #A11600128

$20,800,000
Mar 4, 2024

Listed (Active)

MiamiRE #A11516945

$21,900,000
Sep 22, 2021

Expired

MiamiRE #A10858684

Apr 29, 2021

Price Change

MiamiRE #A10858684

$12,700,000
Apr 24, 2020

Listed (Active)

MiamiRE #A10858684

$11,500,000
Dec 11, 2015

Sold (Public Record)

Public Record #562405922

$29,700

-100.0% / yr

Apr 20, 2015

Sold

MiamiRE #A1974133

$7,633,000
Apr 15, 2015

Pending

MiamiRE #A1974133

Apr 10, 2015

Sold (Public Record)

Public Record #506396988

$7,633,000
Jul 8, 2014

Listed (Active)

MiamiRE #A1974133

$9,500,000
DateEvent & SourcePrice
12/03/2025

Price Change

MiamiRE #A11779615

$21,780,000
11/03/2025

Price Change

MiamiRE #A11779615

$22,470,000
09/09/2025

Price Change

MiamiRE #A11779615

$23,900,000
04/08/2025

Listed (Active)

MiamiRE #A11779615

$22,900,000
07/09/2024

Cancelled

MiamiRE #A11600128

06/03/2024

Cancelled

MiamiRE #A11516945

06/03/2024

Listed (Active)

MiamiRE #A11600128

$20,800,000
03/04/2024

Listed (Active)

MiamiRE #A11516945

$21,900,000
09/22/2021

Expired

MiamiRE #A10858684

04/29/2021

Price Change

MiamiRE #A10858684

$12,700,000
04/24/2020

Listed (Active)

MiamiRE #A10858684

$11,500,000
12/11/2015

Sold (Public Record)

Public Record #562405922

$29,700

-100.0% / yr

04/20/2015

Sold

MiamiRE #A1974133

$7,633,000
04/15/2015

Pending

MiamiRE #A1974133

04/10/2015

Sold (Public Record)

Public Record #506396988

$7,633,000
07/08/2014

Listed (Active)

MiamiRE #A1974133

$9,500,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 481 South Mashta Drive

Taxable ValueLand-Additions-Total-
Tax Record2024$86,086 ($7,174 / month)
Home Facts
Beds5Total Finished SqFt5,940 SqFtAbove Grade Finished SqFt5,940 SqFtStories3Lot Size17,012 SqFtStyleSingle Family ResidenceYear Built1989Year Renovated2017Zoning2001CountyMIAMI-DADEAPN24-5205-017-0110

Schools near 481 South Mashta Drive

This home is within Miami-Dade County Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - PK to 8
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Key Biscayne K-8 Center
PublicPK to 8

Ponce De Leon Middle School
Public6 to 8

Robert Morgan Voc-Tech Institute
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

481 South Mashta Drive is a single family home for sale in Key Biscayne, FL 33149. This property was listed for sale on April 8, 2025 by One Sotheby's International Realty, it's currently listed at $21,780,000. It has been on the market for a total of 258 days and was last sold on December 11, 2015. This listing's school district is Miami-Dade County Public Schools. Nearby schools include Air Base K-8 Center for International Education, Key Biscayne K-8 Center and Ponce De Leon Middle School. 481 South Mashta Drive is a 5-bed, 7-bath, 5,940 sqft single family home built in 1989.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of One Sotheby's International Realty

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.