Former Matheson Estate, Known as the Mashta House, Sold for $47 Million

Former Matheson Estate, Known as the Mashta House, Sold for $47 Million

Jan 21, 2016 January 21, 2016

One of the iconic properties in South Florida, known as the Mashta House, has sold for $47 million recently. That price ties for second place on the list of most expensive residential properties sold in Miami-Dade County history.

The former Matheson estate on Key Biscayne sits on a two-acre property, located at 775 South Mashta Drive, Key Biscayne.

The Mashta House has a strange history. Matheson lived in Coconut Grove most of the year, but brought guests over in yachts to experience the keys. At that time, it had to be accessed by boat, since the Rickenbacker Causeway was not created until 1947. The home was damaged in the 1930’s due to a storm, and was abandoned.

The property fell out of the family’s hands and was split up by developers. Where the Mashta House once set, a small two-acre lot, was sold for $1.3 million in 1989. Colombian businessman, Fernando Caballero, was the purchaser.

In the early 1990’s, Caballero built a six-bedroom, eight-bathroom mansion on the site. In 2015, he listed that 11,600 square-foot home for $60 million. It was scooped up by an anonymous buyer and purchased for $13 million less, at $47 million.

 

Source: miamiherald.com

Photo credit: miamiherald.com

Contact Sep Niakan
Founder, Condoblackbook.com & Owner/Broker, HB Roswell Realty
(305) 697-7667
contact@condoblackbook.com
Request Info
By sending you agree to CondoBlackBook's Terms of Use

Your Miami Condo Awaits

Recent Posts

Family Friendly Condos: The Top 3 Buildings in Edgewater, Miami
Real Estate News Family Friendly Condos: The Top 3 Buildings in Edgewater, Miami
The decision to buy a new home is one of the most exciting ones you'll ever make. And when you're moving with a family, you've got the kiddos to consider. At the top of the list when looking for a family friendly home is, what's the neighborhood like? Are there many family friendly activities and parks? And what amenities does the condo building have? Do the condos have a children's room or teen room? Kiddie pools? How about some spaces dedicated for parents? Talking about Edgewater, this residential neighborhood has been climbing popularity charts in recent years, and fast, especially with young families. Edgewater has emerged as one of the most desirable residential destinations in Miami, with new luxury construction and branded condo developers eyeing this bayfront area, which comes dotted with cafés, restaurants, convenience stores, and parks. So, which are the most family friendly condos in Edgewater? Condo BlackBook has created the following point system to rank the most family...
The Insider’s List - CondoBlackBook’s Monthly Curated Digest
Opinions and Advice The Insider’s List - CondoBlackBook’s Monthly Curated Digest
As editors, real estate experts, Miamians, and lovers of so many things, we here at CondoBlackBook.com come across many a great read and post. So great, that we thought it’d be nice to share some of our top picks each month - videos, snippets, news pieces and articles, you name it, all things lifestyle, design, wellness, food, travel, business and just plain interesting stuff in our monthly CondoBlackBook.com Curated List. So here are our picks to round out September -- take a peek, indulge, and get inspired! Spooky Good 27 Sarcophagi Found in Ancient Necropolis Source: Vice | Ph. Ministry of Tourism and Antiquities Just in time for all the archeological aficionados and Halloween lovers out there, Cairo unearthed a true treat. Researchers have found 27 untouched, 2,500-year-old Sarcophagi, raising hopes of many more. Flo Grown - Florida Love Southbound Source: New York Times Florida Attracts More Northerners. Since the beginning of the pandemic, home sales in parts of the...
Classic Miami Condos Perfect for Tennis Players
Real Estate News Classic Miami Condos Perfect for Tennis Players
Miami's love affair with tennis dates way back to the 1980s when the Miami Open first started being hosted at Crandon Park in Key Biscayne. Celebrated as the largest tennis tournament outside the four Grand Slams, the Open series has given fans the chance to watch the court legends of Andre Agassi, Chris Evert, Steffi Graff, Pete Sampras, Roger Federer, Monica Seles, Novak Djokovic, Rafael Nadal, Andy Murray, Venus Williams, Serena Williams, Vika Azarenka, and many more over the decades to the Magic City. Charmed by our gorgeous beaches, great art, international culture, world-class entertainment options, fabulous food and restaurants, and fantastic year-round weather (especially good for tennis practice in the winters), some of these tennis pros decided to stick around and call Miami home. Our current list of tennis star residents includes Novak Djokovic (Eighty Seven Park), Caroline Wozniacki (Palazzo del Sol), Anna Kournikova (Bay Point Estate), Mary Joe Fernández (Pinecrest) and...
October 2020: ‘Scare Up’ Some Fall Fun with These Miami Events
Lifestyle October 2020: ‘Scare Up’ Some Fall Fun with These Miami Events
It’s that time of year again, when orange skies fill the air and pumpkin spice lattes fill your coffee mug. Fall in Miami is truly beautiful - the weather is cooler, the sunsets are stunning and the pace of our lives starts to wind down a bit. October in Miami is great time to experience the outdoors and get in some nature walks to recharge the senses without breaking much of a sweat - not to mention have some fun! So, for things to do in Miami this month, we’ve got a mixed goodie bag of online and on-ground events to help you have some Halloween fun. (We highly recommend double checking the availability of the on-ground events before heading out.) There’s also a virtual run, online jazz series, boat show, and carnival to keep you in the highest of fall spirits. Look below for the complete list of virtual and on-ground events to spice up your October in the Magic City: Halloween Specials Drive-Through Pumpkin Patch: October 3-31 Miami-Dade County Fair & Expo Center, University...
Our Top 10 Sailing & Boating Clubs - From Coconut Grove to Miami Beach
Lifestyle Our Top 10 Sailing & Boating Clubs - From Coconut Grove to Miami Beach
Nothing embodies the Miami lifestyle better than a day of sailing on the beautiful blue waters of Biscayne Bay, the Atlantic Ocean, or the Intracoastal Waterway. Boating is a way of life in South Florida. For those who want to board a boat and join the fun, here is a list of our 10 favorite sailing and boating clubs in Miami.  1) Biscayne Bay Yacht Club 2540 S Bayshore Dr, Coconut Grove  The Biscayne Bay Yacht Club (BBYC) is Miami’s oldest boat club, dating back to 1887, when it leased the Florida Cape Lighthouse as its headquarters.  The club purchased its current clubhouse in 1932 and has been involved in practically every important sailing race in South Florida to date.  Today, the club continues to be among the most popular sailing clubs in Miami, with regattas throughout the year, sailing lessons, and all kinds of sailing events. The BBYC has also become popular among windsurfers and is now known as the international hub for this popular sport, turning out Olympic-caliber...
These Two New Miami Towers Could Become Edgewater’s Latest Developments
Real Estate News These Two New Miami Towers Could Become Edgewater’s Latest Developments
Edgewater is expanding. Again! With two new residential towers planned - one condo and one multifamily - the Miami waterfront neighborhood is once again proving it’s continuing to be Miami’s most desirable neighborhood. Both projects are currently awaiting a vote from the City of Miami’s Urban Development Review Board. Developers have been attracted to Edgewater for residential projects, given its family-friendly vibe. The Bayfront neighborhood further benefits from close proximity to the shops and restaurants of Midtown, high-end shopping at the Design District, the eclectic art scene of Wynwood, and general vivacity of Downtown. It is also minutes from a Metromover station that takes people through to Downtown and Brickell. New Edgewater Condo Grupo T&C: 36-story, LEED-certified Condo Tower designed by Kobi Karp Sitting just behind Quantum on the Bay and 1800 Club, Lima-based developer Grupo T&C is proposing a 322-unit, 36-story tower at 1825 and 1837 NE Fourth Avenue. The...