Exclusive Fisher Island real estate, which is home to a number of CEOs, athletes, billionaires, and stars from over 45 different countries that make up its 675 families, ranks as one of the highest per capita income zip codes in the US. It is to be expected that there are going to be some pricey homes in the area. However, even the residents who are accustomed to luxe homes and posh surroundings were impressed by the Palazzo del Sol penthouse that recently sold for a record-breaking $35 million.
Highest Island Sale Ever Recorded
The Palazzo del Sol, which is scheduled to be completed in early 2016, is a 47-unit tower and the first new construction in the area in over 7 years. The units are currently 47% under contract, and the buyers are from locations all over the world including Spain, London, Mexico, New York, Turkey, Venezuela, and Brazil. Penthouse 2 was purchased by a Russian buyer, who paid $3,602 for each square foot of the 9,715 square foot space. This is more than 2.5 times higher than previously recorded record sale, which was $13.5 million for a 6,170-square foot penthouse that had been built in 1992 and owned by Oprah Winfrey.
The $35 million penthouse #2 is one of three available in the space, and has many amenities, including:
• A private elevator
• 18-foot windows that provide panoramic views that include South Beach, the skyline of Miami, the Atlantic Ocean, and the Biscayne Bay
• An open floor plan
• Seven bedrooms
• Seven and a half bathrooms
• A theater
• An exercise room
• A bar and lounge
• Separate family and dining rooms
• Four terraces
• A zero-edge swimming pool
• Outdoor entertaining areas and a summer kitchen designed by Enea
The kitchen and bathrooms are Boffi, and include SubZero, Duravit, Dornbracht, and Gaggenau fixtures. Together, the combined indoor and outdoor spaces total 8,595 square feet.
The Palazzo del Sol itself is also designed to provide luxury and amenities that are meant to impress. These include a The Wright Fit fitness center, a hair and makeup salon, cinema style theater, professional fur storage, two lobbies, an aperitivo bar, private massage rooms, Kidville playroom, and integrated media meeting rooms.
Fisher Island itself has undergone $60 million in renovations to locations such as the Vanderbilt Mansion, the oceanfront Beach Club, and a wealth of additional amenities that include a championship P.B. Dye professional golf course, marinas, and a Spa Internazionale, which have all gone to attract even more of the international spotlight.
However, the addition of the Palazzo del Sol is adding to that international appeal and according to the leader of pre-construction sales for the development, Dora Puig, it is also “reasserting its position at the top of South Florida’s trophy real estate market”.
While the $35 million penthouse is in a class of its own, the rest of the units in the tower start at $5 million, which is none too shabby for the Fisher Island locale. With these prices, the island just might be making its comeback. See all condos on Fisher Island currently available for sale here: http://www.sunnyislesmiamirealestate.com/South-Beach/Fisher-Island/