The Miami-Dade County Commission approved plans for a new condo and single-family home community on Fisher Island, one of the wealthiest ZIP codes in the United States.
Par 7 LLC and Fisher Island Holdings, both managed by Heinrich von Hanau, were approved for a 57-unit condo and 12 single-family homes, all of them designed by architect Kobi Karp.
Developer von Hanau and Karp also teamed on the new Palazzo Del Sol and Palazzo Della Luna luxury condos on the island.
A 57-unit condo has been proposed at 68 Fisher Island Drive on Fisher Island
The 10-story condo would rise on the 6.5-acre site at 6
Fisher Island Drive, just east of the marine terminal where
the ferry docks. It would total 265,629 square feet and have
169 parking spaces. Units would range from 3,717 to 4,777
square feet. Amenities would include a pool, spa, fitness
center and restaurant.
The homes would be built on 8.2 acres at 68 Fisher Island Drive. The lots would range from 12,200 to 23,300 square feet. There aren’t many single-family homes on Fisher Island, which has 802 homes overall, so these larger units should be especially valuable.
While home sales slowed in the months after the Covid-19 pandemic started, there has been a surge in $3 million-plus home sales in Miami-Dade in recent months. Wealthy buyers are taking advantage of low interest rates and seeking more spacious homes.