South Florida and Fisher Island real estate expert Sandra Fiorenza updates Haute Residence on the latest about the market on the exclusive island off Miami Beach in this quick Q&A.
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Haute Residence: How has the luxury real estate market in Fisher Island been performing over the last year?
Sandra Fiorenza: A total of 65 condos closed on Fisher Island in the last 360 days and currently, there are 20 pending sales. The highest sales was a 10,120 square feet PH apartment in Palazzo Del Sol that sold for $20,000,000 as well as the 6,200 square feet PH in Villa Del Mare for $20,000,000 respectively. I brought a buyer for a 7000 square foot apartment in Palazzo de la Luna on the 9th floor that closed for $16,000,000.
At the beginning of the pandemic, sales slowed because Fisher Island didn’t allow any visitors or brokers to come to the Island. But once those restrictions were slightly lifted, interest and sales in Fisher Island picked up, and currently, Fisher Island has the lowest inventory ever.
What social spots are available on the island so residents don't need to go to the mainland?
Buyers like low-density apartment living with an amazing lifestyle. Fisher Island has five restaurants, a fabulous spa, a state-of-the-art fitness facility with a large variety of classes, a beauty salon. 18 tennis courts, a nine-hole golf course, a delicatessen supermarket, two marinas, and a small medical facility. Residents basically do not need to leave the Island. There are so many possibilities to mingle with friends and fellow residents in all outlets of the Island. Also, the Island has its own post office and fire department.
For more information, please contact Sandra Fiorenza at 305-281-4727 or firstname.lastname@example.org
Sandra Fiorenza is the exclusive agent representing the Miami Beach, FL real estate market as a member of the Haute Residence Real Estate Network. View all of her listings here.