- Fisher Island, a 216-acre private island off the coast of Miami, is the richest ZIP code in the country.
- The average income on the island is $2.2 million, according to a recent Bloomberg report.
- I got access to a four-bedroom, $15.9 million condo designed by Bottega Veneta on the island.
- The buyer of the 5,000-square-foot residence will have access to the building’s amenities such as a butler-staffed aperitivo bar and waterfront lounge, a private movie theater, massage rooms, hair and makeup salon, and a pool terrace with towel and refreshment service.
- But the main draw of the home seems to be the prestige and privacy of living on a members-only island for millionaires.
- Visit Business Insider’s homepage for more stories.
On a recent trip to Miami, I got access to the richest ZIP code in the country: Fisher Island, a 216-acre members-only island where the average income is $2.2 million.
To become a member of the elite Fisher Island Club, you must pay a one-time $250,000 equity contribution and $22,256 in annual dues. And that’s after residents have bought one of the condos on the island, which cost an average of $3.2 million. About 700 families live on Fisher Island in almost 30 luxury condominium buildings.
Members of the Fisher Island Club get access to private beaches with sand imported from the Bahamas, a beach club, eight restaurants, a golf course, two deep-water marinas, a spa, 18 tennis courts, and more.
I got a tour of a $15.9 million condo designed by Bottega Veneta on the island that comes with a 900-square-foot terrace with Miami skyline views. Dora Puig, the top-ranked real estate broker in Miami-Dade County by sales volume, has the listing.
Here's what it looks like inside a luxury condo in the richest ZIP code in America.
Fisher Island, a 216-acre private island off the coast of Miami, is the richest ZIP code in the US. The average income of residents is $2.2 million.
Source: Business Insider
I spent an afternoon getting a tour of Fisher Island, which included getting into Palazzo Del Sol, one of the island's most luxurious condominium buildings.
Source: Palazzo Del Sol
I got an exclusive tour of one of Palazzo Del Sol's residences, a $15.9 million, four-bedroom condo designed by Italian luxury brand Bottega Veneta.
Source: Palazzo Del Sol
The home comes fully outfitted with furniture and décor from the Bottega Veneta Home Collection.
Source: Palazzo Del Sol
The gourmet kitchen includes Gaggenau and SubZero appliances.
Source: Palazzo Del Sol
Outside is a nearly 900-square-foot terrace with views of the Miami skyline.
Source: Palazzo Del Sol
Next door, Palazzo Del Sol's newer, luxurious sister building, Palazzo Della Luna, is nearing completion. It's set to be completed this summer.
Source: Palazzo Della Luna
The condo's master bedroom opens up to the wraparound terrace.
Source: Palazzo Del Sol
The color palette of the apartment is made up of blushes and natural tones.
Source: Palazzo Del Sol
The master bathroom, outfitted in Margraf statuaria book-matched marble, comes with a deep soaking tub as well as a walk-in shower.
Source: Palazzo Del Sol
The apartment comes with three additional bedrooms and four-and-a-half bathrooms.
Source: Palazzo Del Sol
The buyer of the Fisher Island condo will be given a $20,000 custom Garia golf cart to get around the island.
Source: Palazzo Del Sol
After my tour of the condo and Fisher Island in general, my impression was that the main selling point of the residence is its exclusive location on a members-only island for millionaires.
Source: Business Insider
While the apartment is beautifully designed and furnished, a lot of its value seems to come from the prestige and privacy of living on a members-only island that's only accessible by boat.
Source: Business Insider
Fisher Island maintains its exclusivity by requiring a $250,000 initial fee and $22,256 in annual dues — on top of purchasing a multimillion-dollar condo.
Source: Business Insider