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Fisher Island Condos: Real Estate Market Report – May 2011

June 3, 2011 by  

bentley to fisher island

There are currently 114 Fisher Island Condos for sale: (6 less than last month)

  • Highest priced listing: $30,000,000 for an exclusive Oceanside 5/5.5 home with artwork and all!
  • Lowest priced listing: $134,500 for a studio at Marina Village Gardens (short sale) << in heart of commercial sector (perfect for crew or visitors)
  • Pending Sales: 8 (3 more than last month)
  • Closed sales in May : 1  (1 less than last month)

The Fisher Island Condo sold in May was located in Oceanside at Fisher Island (unit 7938).  It was originally listed in May of 2010 for $3,3 Million and lowered to $2.9 Million in June of 2010 and then again to $2.499 Million in November – finally closing on May 18th, 2011 for $2 Million.  The sellers had bought this residence in August of 2001 for $1.725 Million.

Distressed Fisher Island inventory keeps decreasing as the months go by, now showing 10%, as opposed to April’s 13%.  Fisher Island remains a “go to” destination for 2nd home owners and locals who are looking for a getaway!  Just a ferry-ride away and you will be in an exclusive resort-like setting that is unparalleled anywhere in South Florida.

**all information obtained from the Southeast Florida Multiple Listing Service**

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Contact Us

Enrique Garcia & Ines Hegedus-Garcia
35 NE 40th Street
Design District
Miami, FL 33137
P: 305.758.2323
F: 305.758.2324
E: info [at] miamism [dot] com

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