Smugglers Cove, 481 S Mashta Dr

$23.9M13.1%
$19,900,000
5
Beds
61/2
Baths
5,940
SqFt
Status
OFF MARKETExpired
Parking
2
Size
5,940 SqFt (552 m2)
Price
$3,350/SqFt ($36,061/m2)
Type
House
Built
2017
MLS Number
A11779615
View
Canal,Water
On Site
524 Days
Updated
188 Days ago
Page Views
0
Offering approximately 8,500 square feet of construction, this spectacular waterfront estate on coveted Mashta Island is a rare expression of space, privacy, and coastal elegance. Fully remodeled and designed for effortless indoor-outdoor living, this three-level contemporary residence enjoys direct ocean access, panoramic views of Smugglers Cove and Biscayne Bay, and constant ocean breezes that create a true sense of serenity. Set on a 17,012-square-foot lot in one of Key Biscayne’s most exclusive and tranquil enclaves, the property is surrounded by water, light, and lush tropical landscaping, offering remarkable privacy and a peaceful island atmosphere. The residence features 8,544 square feet of total area, including garage and terraces, with expansive open living spaces, refined finishes, abundant natural light, and impeccable craftsmanship throughout. The flexible floor plan allows for effortless reconfiguration to accommodate additional rooms and customized living areas. World-class amenities include a private dock for boating enthusiasts, resort-style pool, summer kitchen, spectacular covered entertainment level, elevator, gym, garage, and extra parking, creating an exceptional setting for both grand entertaining and everyday enjoyment. This is more than a home...it is a private waterfront sanctuary, offering the rare opportunity to experience the very best of island living in one of Key Biscayne’s most prestigious locations.

Features

Bedrooms
  • Bedrooms: 5
Bathrooms
  • Bathrooms: 6
  • Half Bathrooms: 1
Exterior and Lot Features
  • Exterior Features: Balcony, OutdoorGrill, Porch, Patio
  • View: Canal,Water
Interior, Heating and Cooling
  • Interior Features: Bidet, BuiltInFeatures, BreakfastArea, ClosetCabinetry, DiningArea, SeparateFormalDiningRoom, DualSinks, EntranceFoyer, FirstFloorEntry, Pantry, SittingAreaInPrimary, SeparateShower, UpperLevelPrimary, WalkInClosets, Elevator
  • Equipment / Appliances: BuiltInOven, Dryer, Dishwasher, ElectricRange, ElectricWaterHeater, Disposal, IceMaker, Microwave, Refrigerator, Washer
  • Heating Description: Electric
  • Cooling Description: Electric
Building and Construction
  • Floor Description: CeramicTile, Hardwood, Wood
  • Windows/Treatment: Blinds
  • Year Built: 2017
  • Year Built Description: Resale
Waterfront and Water Access
  • Waterfront Frontage: Yes
School Information
  • Elementary School: Keybiscayne
  • Senior High School: Mast Academy
Other Property Info
  • Garage: 2
  • Listing Date: 2025-04-08T15:39:58.000-00:00
  • Directions: South
  • Pets Allowed: NoPetRestrictions, Yes
Taxes, Fees & More
  • Taxes: 84924
  • Parking Description: Attached, Covered, Driveway, Garage, PaverBlock, GarageDoorOpener

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Price History

Current
$19.9M
High
$23.9M
Low
$19.9M
Total Change
-13.1%
$24.4M$21.9M$19.4MApr 25Sep 25Nov 25Dec 25Jan 26Feb 26
Date
Event
Price
Change
Price Per
02/11/2026
Price Reduced
$19.9M
-4.78%
$3,350 ft2
$36,061 m2
01/05/2026
Price Reduced
$20.9M
-4.04%
$3,519 ft2
$37,873 m2
12/03/2025
Price Reduced
$21.8M
-3.07%
$3,667 ft2
$39,468 m2
11/03/2025
Price Reduced
$22.5M
-5.98%
$3,783 ft2
$40,718 m2
09/09/2025
Price Increased
$23.9M
4.37%
$4,024 ft2
$43,310 m2
04/08/2025
Listed
$22.9M
 
$3,855 ft2
$41,498 m2
02/11/2026
$19.9M
Event
Price Reduced
Change
-4.78%
Price Per
$3,350 ft2
$36,061 m2
01/05/2026
$20.9M
Event
Price Reduced
Change
-4.04%
Price Per
$3,519 ft2
$37,873 m2
12/03/2025
$21.8M
Event
Price Reduced
Change
-3.07%
Price Per
$3,667 ft2
$39,468 m2
11/03/2025
$22.5M
Event
Price Reduced
Change
-5.98%
Price Per
$3,783 ft2
$40,718 m2
09/09/2025
$23.9M
Event
Price Increased
Change
4.37%
Price Per
$4,024 ft2
$43,310 m2
04/08/2025
$22.9M
Event
Listed
Price Per
$3,855 ft2
$41,498 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Brigitte NachtigallOne Sotheby's International Realty • Buyer Agency Compensation .

Listing Location & Street View
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Scores

Walk Score®
Car-Dependent. Almost all errands require a car
15

100
Bike Score®
Somewhat Bikeable. Minimal bike infrastructure
35

100
Sound Score®
Bearable noise
84

100
Airport Score
Close to airports. Noticeable airport activity
0

100
Traffic Score
Congested area. Frequent traffic delays
22

100
Local Score
Limited local amenities nearby
0

100
Community Snapshot
5,940 - 10,875
SqFt Range
2013
Year Build
19
Total Units

Subdivision Amenities

Community Kitchen
Elevators
Fitness Center
Hobby Room
Laundry
Sauna