Luxurious Fisher Island Penthouse Lists for $85 Million: A Record-Setting Sale
A stunning penthouse on Miami’s prestigious Fisher Island has been listed for a whopping $85 million, marking a substantial increase from the $40 million the current owners paid just four years ago. This extravagant property, owned by Kayak co-founder Steve Hafner and his wife, Staci Hafner, showcases the soaring values in South Florida’s luxury real estate market.
Overview of the Penthouse
- Size: 10,200 square feet
- Location: Palazzo Della Luna, Fisher Island
- Bedrooms: 5
- Bathrooms: 8
- Amenities: Full-floor unit with panoramic views of the Atlantic, Biscayne Bay, and Miami’s skyline.
According to Michael Cantwell, founding partner of Bespoke Real Estate, the couple transformed the penthouse from an unfinished shell into a luxurious haven that reflects their vision.
A Highlight of Luxury Living
The crown jewel of this penthouse is its 7,300-square-foot private rooftop, which is designed for entertaining and relaxation. This lavish area features:
- A heated infinity pool
- A spa
- A summer kitchen
- Dual wet bars
Moreover, the property offers nearly 2,000 square feet of terrace space at the main level, along with a private cabana and deeded beach access. Residents also enjoy exclusive membership in the Fisher Island Club, ensuring access to top-tier amenities.
Fisher Island’s Allure
Fisher Island is renowned for its seclusion and opulence, attracting the elite with:
- Six-star concierge service
- Round-the-clock security
- Access to golf, tennis, a beach club, and marinas
The demand for luxurious residences in this area has driven the astonishing asking price, with Cantwell noting a dramatic increase in property values. Data from appraisal firm Miller Samuel revealed that Fisher Island’s median sale price skyrocketed by 64.7% year-over-year in the last quarter, while transaction volume surged by 60% during the same period.
Historical Context
The $85 million listing not only sets a new record for the island but also surpasses Fisher Island’s previous condominium record of $60 million, set by a double-penthouse sale at Faena House in 2015. However, it still falls short of a $120 million oceanfront unit sold at Shore Club Private Collection last year, indicating the ongoing rise in the luxury market.
Selling for New Opportunities
The Hafners’ decision to sell comes shortly after acquiring a $24 million penthouse at Ocean House, a boutique condominium in South Beach. Hafner expressed their affection for Fisher Island, saying:
“We love the island and our apartment there, but we also enjoy South Beach, the community and staff at Ocean House, and even the renovation process.”
Conclusion
This luxurious penthouse listing not only represents an extraordinary living experience on Fisher Island but also underscores the booming luxury real estate market in Miami. As demand continues to soar, properties like these exemplify the pinnacle of modern opulence.
Key Features at a Glance:
- Penthouse Location: Fisher Island, Palazzo Della Luna
- Asking Price: $85 million
- Major Amenities: Rooftop pool, summer kitchen, membership in the Fisher Island Club
- Market Trends: 64.7% increase in median sale price on Fisher Island
As South Florida remains a beacon for luxury living, the Hafners’ penthouse could inspire future listings in this breathtaking region.