Miami is known for many things, a love of the water, sunshine and boating of course is probably highest among those that would be on most people’s lists. If you’re a boating enthusiast, you basically have three options for where to keep your propeller. First and probably the cheapest, a trailer in your backyard which you tow out to the marina on any given weekend. Second, rent and or buy a boat dock at a marina. Third is to plonk down a whole mess of money and buy a waterfront lot with your own dock, where you can have your cake and eat it too.
However, none of the above even come close to the ultimate, your private yacht harbor. In all of our years down here in South Florida, we’ve come across only one of these and it’s on Key Biscayne. The property is the original piece of land where William Matheson had a coconut plantation and built a home for himself. The harbor is on a peninsula off the island and boasts 2,000 feet of frontage. It was originally listed at $55 million back in 2015, but public records show that it sold last month for the bargain basement price of $20 million.
Want to keep an eye on where and what happens to this parcel, the address is 775 South Mashta Drive.