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Monday, December 25, 2023

Fisher Island: history, construction, who lives there and property prices

  Rajesh Kumar Rana       Monday, December 25, 2023

 

Fisher Island, Miami, Florida
Fisher Island, Miami, Florida


Fisher Island

Fisher Island in Miami is an exclusive private club-type community located in a secluded tropical oasis lapped by the warm waters of the Atlantic Ocean. Its luxurious architecture and spectacular man-made landscapes embody the highest quality of life and recreation in the United States.




Fisher Island construction and history


Fisher Island is a man-made island. It was created in 1906 during a complex of reclamation works and deepening of the bottom of Biscayne Bay during the laying of the first sea channel in Miami "Government Cut", which provided direct access to the ocean for ships from the port on Dodge Island. Until this period of time, the territory of the future island was covered with mangroves with coconut palms, and was the southern part of the long island ridge that separated the waters of Biscayne Bay of the Atlantic Ocean.


Fisher Island got its name after the second owner of land on the island, the famous businessman Carl G. Fisher (Carl Graham Fisher, 1874-1939). He was a founding member of the Miami Beach resort town, an automotive enthusiast, and a pioneer in the construction of major federal highways and residential real estate in South Florida.


Another landowner on the island of Fisher Island, William Kissam Vanderbilt II ( William Kissam Vanderbilt II, 1878-1944) was a member of the richest family in America at that time. In 1925, he traded his 250-foot yacht "Eagle" for one of the land owned by Karl Fischer. In 1936-1941, on this site of the island, according to the project of the famous New York architect Maurice Fatio (Maurice Fatio), a luxurious winter residence of William Vanderbilt was built, named by him in honor of his mother Alva Erskine Smith " Alva Base ".


In addition to a luxurious mansion, a mooring for a 264-foot diesel yacht, a seaplane hangar, a swimming pool, tennis courts and an 11-hole golf course were built. Another residential building was also built for family members, residential cottages for staff and sailors serving on a personal yacht, also called "Alva Base". Currently, the former winter residence of the Vanderbilt family is the main decoration of the tropical island and the community center of the community of residents.


After the death of William Vanderbilt in 1944, the land on Fisher Island was resold several times over the following decades. In 1987, the Fisher Island Club was established on Fisher Island, which currently independently maintains and renovates the existing luxury housing stock. Only owners of housing built on the island can become members of the Fisher Island Club. To do this, it is necessary to pay significant amounts of one-time and annual fees that provide members of the elite club with access to all ongoing events and services. You can get to the island only with a special pass on a passenger ferry, seaplane, helicopter or private boat.



The improvement and development of Fisher Island, which began in the 1980s, is now almost complete. The man-made island has an area of ​​less than one square kilometer (0.864 km2, or 216 acres) and a predominantly geometric coastline.




Despite this, its territory is a cozy and picturesque oasis with lush tropical vegetation and elegant landscape gardening, where you can often see wild birds.



In the central and northeastern part of the island territory there are 9-hole golf courses with artificial reservoirs and exquisite landscaping. In the southern part of the island there are 18 tennis courts equipped with an evening lighting system. Along the perimeter of the golf courses there are landscape alleys, along which low-rise residential buildings with outdoor pools and decorative green spaces are located in picturesque groups. The island has several luxury hotel complexes, an elementary school, a post office, a bank branch, a grocery store and gourmet restaurants. Fisher Island is one of the few places in the world where electric vehicles are the main mode of transportation.


Moorings for yachts and pleasure boats have been built in the southwestern and southern parts of the island, capable of accommodating private yachts over 200 feet in length. In the eastern part of Fisher Island, on the shores of the Atlantic Ocean, there is a comfortable resort recreation area with a cozy 700-meter beach. The sand for it was specially delivered from Bermuda. For the most comfortable living on the island, the necessary infrastructure facilities for public and economic purposes have been built, which are serviced by a staff of 500 people.



In March 2016, the construction of a 10-storey elite club-type condominium " Palazzo Del Sol " for 43 luxury apartments was completed. Luxurious and comfortable housing has in its composition from 3 to 7 bedrooms and a living area from 340 m2 to 900 m2. In 2019, it is planned to open another similar 10-storey condominium " Palazzo Della Luna ", with a capacity for 47 luxury apartments with "six-star" service in several languages. For discerning residents and their guests, beauty salons, aperitif and lounge bars, children's clubs, entertainment and health centers with swimming pools, as well as modern cinemas and conference rooms are at their disposal.








Who lives on Fisher Island?


Fisher Island currently has 722 luxury residential residences with approximately 500 permanent residents. Approximately half of the population of Fisher Island are US citizens, and the other half came from 45 countries around the world. In 2015, Fisher Island led the nation in terms of per capita income of $2.5 million, according to Bloomberg LP, the largest US financial news agency. This figure is $ 1 million higher than the city of Atherton, which occupies the second place in this ranking. It is located in California, about 20 minutes drive from the headquarters of the Google companies. Facebook and Tesla.


The owners of luxury housing on Fisher Island are well-known international financiers, heads of major corporations, as well as representatives of the creative and sports elite of more than 50 nationalities:


  • Mel Gibson (Mel Columcille Gerard Gibson), popular American actor and director, Knight of the Order of Australia.
  • Julia Roberts (Julia Roberts), the famous American actress, Oscar winner.
  • Mel Brooks, Melvin James Kaminsky ( Melvin James Kaminsky ), famous American actor and film director.
  • Robert Herjavec, Canadian entrepreneur of Croatian origin, star of the American TV show "Shark Tank".
  • Andre Agassi (Andre Kirk Agassi), an outstanding American tennis player of Armenian origin, Olympic champion, winner of eight Grand Slam tournaments.
  • Boris Becker (Boris Franz Becker), outstanding German tennis player, Olympic champion in 1992, six-time Grand Slam winner.
  • Caroline Wozniacki, Polish-born Danish tennis player, world number one in women's singles.
  • Pavel Bure, an outstanding Soviet and Russian hockey player, "Russian Rocket" of the National Hockey League of the USA and Canada.
  • Harold Ford Sr., the first African American to represent Tennessee in the US Congress.
  • Mike Fratello (Mike Fratello), famous American sportscaster.
  • Barbara Becker (Barbara Becker), model, designer and actress.
  • Karolina Kurkova, Czech supermodel.
  • Susana Gimenez (Susana Giménez), host of a popular Argentinean talk show.




The most famous inhabitant of the island was Oprah Gail Winfrey, the famous American TV presenter, actress and producer. In 2008, she sold her luxury home in Fisher Island.







Property prices on Fisher Island


The most common type of residential real estate on Fisher Island in Miami is high-end apartments and apartments located in high-end multi-unit condominiums.



Since 2015, 8 luxury residential properties have been sold on Fisher Island. The cost of each unit of luxury housing exceeded $10 million. In 2017, one Russian buyer paid $31.26 million for a comfortable apartment in the Palazzo Del Sol residential complex on Fisher Island.


Authoritative American real estate appraiser Jonathan Miller In an interview with the well-known American edition of the Wall Street Journal


The most luxurious and expensive penthouse apartment worth 40 million US dollars is put up for sale in the elite complex " Palazzo Della Luna " under construction. This amount is a record price of housing on Fisher Island. The penthouse has an extended composition of premises with a total area of ​​947 m2, 7 bedrooms and 8 bathrooms, a separate garage for 2 cars with a Tesla electric car charger. On several residential levels of a luxury apartment there are open terraces with a total area of ​​680 m2, with a swimming pool and a summer kitchen. The apartment has a circular panoramic view of the central districts of Miami, Biscayne Bay and the Atlantic Ocean.




According to Altos Research, Fisher Island currently has a median selling price of $ 4.27 million, ranking # 1 in Florida home value and # 24 in the US. The average time to sell luxury housing for a single family is about a year, or 364 days. 24 exclusive residential properties have been prepared for sale on Fisher Island. According to Miami real estate experts, these prices could rise significantly in the foreseeable future.




See also:

• How is life on the island of billionaires in Miami



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