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.

Jorge L. Navarro, Alan Dimond and Carlos Lago of Greenberg Traurig, along with John O’Sullivan and Jason Sternberg from Hogan Lovells, represented the developers in the approval process. The developer agreed to pay $2.5 million to the Fisher Island Club as part of the process. “We were able to demonstrate that the developer’s requests were compatible with existing development trends on the Island and in accordance with the current development restrictions,” Navarro said. “The approvals represent the last two projects to be developed on the Island and will complete development of this world-renowned Island community.” Navarro wasn’t sure when his client plans to launch sales or break ground on the project.

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.