Fisher Island Condos – Real Estate Market Report – October 2011

There are currently 106 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: $81,500 for a studio at Marina Village Gardens (short sale) << in heart of commercial sector (perfect for crew or visitors)
• Pending Sales: 5 (3 more than last month)
• Closed sales in October: 2  (1 less than last month)

The 2 Fisher Island Condos sold in October were:

• 2426 Fisher Island Dr #5206 – Bayside Village condo listed for $1,590,000 and selling for $1,450,000.
• 2435 Fisher Island Dr #5305 – Bayside Village foreclosure condo listed for $699,900 and selling for $735,000.

Fisher Island is definitely reaching normalcy with the regular cold months with no real estate activity and the random multi-million dollar sales.  The 2 types of buyers for Fisher Island are those looking for privacy for their second home destinations and those that want to live there year round because of the island amenities, family feel of the island and unparalleled security.

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

Oprah sells Fisher Island Condo

We first learned that Oprah had her Fisher Island Condo for sale from The Real Estate Stalker back in June 2008.  Guess what?  The TV Diva has finally sold it for $1,100,000 – obviously petty cash for The Big “O”.

The Seaside at Fisher Island residence was listed for $2,200,00 in September 2007, reduced to $2,090,000 in May of 2008, then again to $1,795,000 in December of 2008 and finally sold in June.  The unit is a modest 2 bedroom/ 2 bathroom – 1,838 square foot residence on the Southeast side of the island with gorgeous direct ocean views.

Whoever the proud owner of this condo is, they can boast because of 2 factors – they got a great deal and they can say their place was previously owned by Oprah….not bad.