What is it Like to Live on Fisher Island?

Living in the Richest and most Exclusive ZIP code in the USA

Fisher Island in Miami Beach, Florida, has claimed the title of the country’s wealthiest zip code for several years in a row. This ultra-luxury island offers a unique opportunity to disconnect from the mainland while enjoying top-notch amenities. The David Siddons Group is ready to guide you through Fisher Island, providing insights into this exclusive residential community and the unparalleled experience of living there.

How to Get to Fisher Island, Fl.

Fisher Island Miami is an exclusive 216-acre island located minutes off the coast of Miami and is only accessible by yacht or private ferry. Once you arrive at the ferry terminal you can only access the ferry if you are a resident, a guest of a resident, or a guest of the small luxury hotel on the Island.

The ferry leaves every 5 minutes and takes up to 7 and a half minutes to reach Fisher Island. Ferries are available all year round and new ferries are expected soon with more capacity to transport residents and their guests. Commercial traffic to and from the island will be separated from residents’ transport. On the island you will see most transportation is done with golf carts, courtesy to the residents. An off-island parking lot and trolley is provided for employees.

Fisher Island Residents

It is said that around 700 families live on the 216-acre island. That is one family per 13,441 SF, speaking of privacy!! Although Fisher Island residents mostly use the island as a second, third, or even fourth residence, in recent years more and more families have made it their primary residence. Many tax law refugees from states like NY and NJ are now flocking to the island, as well as many wealthy families from South America who value safety and privacy.

How Self-Sufficient is the Island?

When it comes to everyday needs on Fisher Island, one has access to a small bank, a post office, a grocery store, several dining facilities, a fire rescue station, and emergency medical services. The island is also home to several playgrounds for kids, marinas, and beaches. The island has no pharmacy however and although the supermarket offers a good amount of products, the variety of products is not as wide as on the mainland. The Fisher Island Public Safety Department and The Fisher Island Fire Station provide services 24 hours a day. There is no recorded/reported crime.

For children, there is a private accredited day school on Fisher Island; Fisher Island Day School is A-Rated and serves grades PK till grade 8. The school has currently over 80 students enrolled.

Real Estate on Fisher Island

Fisher Island real estate is predominantly a condo market with currently 12 brand new custom homes being constructed: The Links Estates at Fisher Island. All condo buildings on the island are built in the same style to keep a certain conformity. Most Fisher Island condos offer large residences with 3,000+ sf and 3+ bedrooms. 

The Newest Condos on Fisher Island

Membership and Cost of Living

Equity membership at Fisher Island is optional, yet it provides unrestricted access to all the island’s amenities. Available to property owners and a limited number of non-property owners, each Equity Membership represents an ownership stake in the Club. This membership grants the Member and their immediate family exclusive use of the Club’s facilities, participation in Special Membership Events, and access to various attractions such as the Beach Club, fine dining restaurants, the social club, The SPA, 18 tennis courts, a golf course, and two marinas.

For residents without the membership, access to island amenities is limited. If you appreciate the exclusive “club” lifestyle offered on the island, the comprehensive access to these amenities becomes a significant advantage.

Fisher Island’s HOA fees, inclusive of reserves, average at $1.15 per square foot. Additionally, the flat $2800 monthly FICA fee (Fisher Island Community Association) adds an extra $0.60 to $0.85 per square foot, depending on the unit size. These fees support the maintenance of the island’s landscaping, roads, transportation system, on-island services (fire department, security, administrative offices, banking, dry-cleaning, supermarket), and amenities such as the one-mile-long private beach, health clinic, and house of worship.

Combined, the HOA and FICA fees amount to a maximum of $2.00 per square foot, which is lower than the fees of many luxury condos in Miami Beach. (For detailed HOA price comparisons, please contact us.)

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