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Fisher Island Real Estate Market Reports – November 2009

December 7, 2009 by  

fisher island luxury condos
There are currently 139 listings in Fisher Island: (same as last month)

* Highest priced listing: $30,000,000 for an exclusive Oceanside 5/5.5 home with artwork and all!
* Lowest priced listing: $190,000 for a studio at Marina Village
* Pending Sales: 3 (same as last month)
* Closed sales in November: 2 (2 less than last month)

Fisher Island Real Estate’s November closings were the following:

* Oceanside at Fisher Island – 7222 Fisher Island Drive – listed at $4,200,000 and selling at $3,200,000 (originally listed for $6,000,000 in December of 2006, then $5,490,000 in February 2008 and selling at almost 50% of original price – OUCH!)
* Bayview at Fisher Island – 4924 Fisher Island Drive – listed at $1,495,000 and selling at $1,275,000 (this unit had been originally priced in November 2005 for $3,050,000, taken off the market and relisted in April of 2009 for $1,495,000) – glad to see the sellers came to their senses.

The great thing about buying at Fisher Island is the fact that so many are vacation homes or 2nd or 3rd homes. When sellers are ready to sell, they usually will do so quickly, so make offers….you will be surprised what gets accepted now in the island for those that want out.

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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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