The Real Deal Miami

“Miami Vice” estate on Key Biscayne hits the market: $39M

Owners paid only $3.6M for the 38,000 sf lot in 2001

August 04, 2016 03:00PM

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400 South Mashta Drive
Jorge Uribe of ONE Sotheby's International Realty

Jorge Uribe of ONE Sotheby’s International Realty

A home featured in the 2006 movie remake of “Miami Vice” will hit the market on Thursday asking $39 million, or about $3,250 a foot.

The 12,000-square-foot tropical estate on Key Biscayne’s Mashta Point features views of Biscayne Bay, Siltsville and the Cape Florida Light House. Designed by architect Charles Pawley and built in 2003, the home features a 22,000-gallon koi pond, mahogany wood doors and windows, stone walls, a copper roof and a boat dock that can accommodate up to a 100-foot yacht.

The owners, Aurelio and Berta Fernandez, paid only $3.6 million for the 38,000-square-foot lot in 2001. The property offers 480 feet of waterfront, five bedrooms, a movie theater, library, outdoor kitchen and infinity pool, according to a press release.

The Fernandezes told the Wall Street Journal that they stayed in a hotel while the “Miami Vice” cast and crew, including Colin Farrell and Jamie Foxx, spent a week filming at their home, at 400 South Mashta Drive. They both grew up in South Florida, where they returned after Aurelio retired from his position at California-based Broadcom Corp.

The couple is relocating to Vero Beach, they told the Journal.

Jorge Uribe of ONE Sotheby’s International Realty is the listing agent. Uribe also represented the seller of 775 South Mashta Drive, an estate once belonging to the Mathesons, which was the second most expensive residential sale in Miami-Dade last year at $47 million. That property, which sits on two acres, is on the north end of Mashta Point.

A trust controlled by Fernandez sold another waterfront home in Key Biscayne for $5.5 million in March. That property, at 645 Sunset Circle, was once owned by a member of the Matheson family. Virtual Globetrotters, which tracks celebrity homes, shows Fernandez was an executive at Exar Corporation. – Katherine Kallergis