A piece of South Florida real estate with two starring credits—as Richard Nixon's "Winter White House" compound and the setting for the 1983 film Scarface—is testing just how high Miami's luxury market can go. Investor John Devaney has put his 2.38-acre Key Biscayne estate on the market for $237 million, a price that would eclipse March's $170 million record purchase by Mark Zuckerberg and Priscilla Chan, the Wall Street Journal reports. Devaney bought the bayfront property and its helipad-marina platform for roughly $30 million two decades ago after spotting the helipad during a flying lesson and knocking on the owner's door.
The roughly 13,000-square-foot house, built around 1981 and once seized from a convicted Medellín cartel smuggler, still features the glass elevator made famous as drug lord Frank Lopez's lift in Scarface, original marble floors, 24-foot ceilings, and boldly colored vintage bathrooms. Outside, the Nixon-era helipad doubles as a marina for yachts up to 200 feet, with 862 feet of waterfront and Miami skyline views. Devaney, who moved in full time after the financial crisis and said he has been the "keep it original police," is betting the property's mix of presidential history, movie lore, and trophy-scale land will lure one of the ultrarich now pouring money into Miami real estate. Nixon sold the original house in 1976 for $320,000 after paying $125,000 for it in 1969, per the New York Times.
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