Former site of Mashta House, an extravagant home built around 1917 will list for $60 Million

A Key Biscayne, Fla. home on a 2-acre peninsula with a private harbor will list for $60 million.

If it sells for its asking price, the property could set a record for the priciest residential sale in the Miami area, said Jorge E. Uribe of ONE Sotheby’s International Realty, who shares the listing with Tata Botero, also of ONE Sotheby’s International Realty. The current record was set by the $47 million sale of an Indian Creek Island house in 2012, Mr. Uribe said. A penthouse at Faena House in Miami Beach priced at $50 million is in contract, but hasn’t yet closed.

Known as Mashta Point, the hook-shaped property juts into Biscayne Bay. The property is the former site of Mashta House, an extravagant home built around 1917 by plantation owner W.J. Matheson, who once owned much of Key Biscayne, Mr. Uribe said. Mr. Matheson also created Mashta Point’s man-made cove and deep-water harbor, he said.

Mashta House was later torn down, Mr. Uribe said. The current roughly 12,000-square-foot house was built by his clients in the early 1990s, he said. It has six bedrooms, eight full bathrooms and an elevator. Outside, there is a pool, gazebo and dock.

Source: WSJ

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