A penthouse at a the recently announced Six Fisher Island condo project on Fisher Island is asking a record-breaking $90 million. This will break the countywide price per square foot record currently held by a $60 million Miami Beach condo purchased at the Faena House by billionaire and Citadel hedge fund manager Ken Griffin back in 2015.
Related Group, the luxury developer behind the Fisher Island condo, was first asking for a starting price of $60 million for the penthouse. The developer then increased the price to $90 million for the penthouse after crunching the numbers and determining a price that would meet the demand for luxury living on Fisher Island. Fisher Island is known world-wide as one of the most expenisve zip codes in the United States.
The 90 million asking price will transform the South Florida real estate industry and will bring increased attention to Fisher Island. The penthouse is expected to attract a range of buyers worldwide, including investors and luxury home-buyers looking for one of the most luxurious addresses in South Florida.
In September, Jorge Pérez’s Related Group, billionaire Teddy Sagi BH Group, and Chicago-based Wanxiang America RE Group paid $122.6 million for the 6.5-acre site on the exclusive island.
The Miami-based real estate firm Related Group announced that it will begin construction by the third quarter of 2023. It’s estimated that the development will feature a spa and fitness center, a pet spa, a children’s club, and other amenities.
The 15,000-square-foot Fisher Island Penthouse will come with a private roof deck with a pool and grill area for residents to relax and enjoy the spectacular views of the Atlantic Ocean and Miami Beach’s Goverment Cut.
According to the Wall Street Journal, the developer has met up with 20 families interested in the penthouse and other units. These prospective buyers mostly pay cash upfront.
Fisher Island is one of the most secluded and exclusive neighborhoods in the US, just off Miami Beach’s coast. It is accessible only by boat, ferry or helicopter and features a golf course, a private beach, and a private marina for residents to take advantage of.
With its record-breaking price tag, ultra-luxurious amenities, and spectacular views, the penthouse on Fisher Island is sure to attract attention and set the standard for luxury living.
Related along with partners Teddy Sagi, BH Group and Wanxiang America RE Group is set to create an unprecedented luxury development that will redefine the skyline of South Florida.
Luxury real estate agent Josh Stein said, “Fisher Island is well-known for being one of the most exclusive places to live in the world. And now, with the this new project on the horizon, Fisher Island will be more desirable than ever. I am 100% confident that someone out there looking for this height of luxury will see the value in this property and make purchase it.” You may also take a look at our Fisher Island homes for sale collection!
Interested in Six Fisher Island? Contact Josh Stein Today!
With the South Florida Real Estate market booming and Miami ranking as one of the best cities in the world to live, it’s no wonder prices are skyrocketing! Make sure you don’t miss out on the chance to own a piece of luxury by contacting Josh Stein today. He’ll be able to help you find the perfect property for your needs and get you the best deal possible. You may also get information about the Miami Art Week in 2022!
For more information on how to purchase this stunning penthouse on Fisher Island, please get in touch with Josh Stein at 305-695-8257.
