John Devaney Lists ‘Scarface’ Mansion for $237M in Record Breaking South Florida Ask

• John Devaney listed a Key Biscayne waterfront estate for $237 million
• Property would become the most expensive home for sale in South Florida
• Estate includes 862 feet of waterfront and ties to “Scarface” and Richard Nixon

What the $237M listing means for South Florida luxury

South Florida’s ultra-luxury market is hitting new highs as John Devaney lists his Key Biscayne compound for $237 million. If achieved, the sale would set a new benchmark for pricing in the region. The 2.4-acre estate sits on prime waterfront land, reinforcing the continued premium placed on large, trophy properties with direct water access.

What the property history and scale mean for value

The compound has a rich history and cultural appeal. It was once part of President Richard Nixon’s Winter White House and was featured in the film Scarface. The estate includes a 13,000 square foot mansion with five bedrooms, multiple bathrooms, and a private helipad. With 862 feet of waterfront, the property offers a level of scale rarely available in South Florida.

What this means for high-end buyers and investors

The listing reflects continued demand from ultra-wealthy buyers, including tech billionaires and global investors, who are actively acquiring trophy assets in South Florida. Recent deals, like the $170 million purchase by Mark Zuckerberg, show that record pricing is becoming more common in the region. For investors, these transactions highlight how scarcity, waterfront access, and brand value continue to drive pricing at the top end of the market.

What to watch as the property hits the market

The key question is whether the property can achieve or approach its $237 million asking price. If successful, it would reset pricing expectations across the luxury segment. Regardless of outcome, the listing signals that South Florida remains a global hub for ultra-luxury real estate, attracting capital from across the world.