PROFILE Exclusive: The Legendary 46 Star Island Originally Built By Carl Fisher Finally Sells For $39 Million

PROFILEmiami is the first to report that the legendary cul-du-sac, located at 46 Star Island, which was originally built by the "founder" of Miami Beach Carl Fisher, has finally sold for $39 million. The property was listed by Dora Puig and Alexa Iacovelli of Luxe Living Realty and Jill Hertzberg of The Jills Zeder Group at Coldwell Banker brought they buyer, who remains unnamed. The seller was Marc Iacovelli who originally purchased the home in 1987 for $1.825 million. 46 Star Island first listed in 2016 for $65 million before later dropping its price to $48 million and even tested out the auction market with Concierge Auctions in January 2018.

46 Star Island features 10 bedrooms, 12 bathrooms with over 18,356 SF of living area. The estate was completely renovated in 2016 keeping the classic Mediterranean design with modern features such as a new kitchen and updated living areas. Luxurious features and finishes cover every inch of the property such as a large, ornate living room with vaulted ceiling; clerestory and arched casement windows, 3,000-bottle wine cellar, billiard room with wet bar, gym, office, staff quarters, sun room, formal dining room, guest quarters, and a massive chef's kitchen. Outside features over 250' of waterfront complete with lounge areas, exotic landscaping, resort style pool with cabana, and 2 private docks on of which with has a boat lift, all offering stunning views of Biscayne Bay and Monument Island. 

Photos by Alex Tarajano Photo

Second Largest Lot On Allison Island To Hit Market Seeking Record $12.9 Million

A double lot on Miami Beach’s Allison Island will soon hit the market seeking a record $12.9 million. The assemblage is the second largest on the island, only behind Louis Vuitton CEO Michael Burke. The luxury home development site spans 37,800 square feet and features 175’ of water frontage. The $12.9 million asking price is a record price per square foot for land on the island which has seen consistently rising prices over the years. The most recent sale recorded in the MLS is 6431 Allison Road which closed for $7.25 million in January 2019.

The double lot assemblage opportunity is a combination of 6505 Allison Road, which is listed for $6.7 million, for the 21,600 square foot lot; and 6525 Allison Road, a 16,200 square foot lot listed at $6.2 million. Both properties are listed by Ida Schwartz and Minette Schwartz of The Schwartz Team with Compass.

Allison Island is located in the La Gorce neighborhood in the North Beach section of Miami Beach on the Indian Creek Waterway. The island is divided by 63rd St. into a north section with waterfront homes and estates, as well as the southern section where the luxury condo community Aqua is located. Access to the home community is gated 24 hours a day and connects to North Miami Beach by a bridge. Every single-family home on the Island features direct water access to Biscayne Bay.

Allison Island was built by Carl Fisher in 1912 in honor of his business partner, Jim Allison. Allison began developing the island in 1926 when he opened a state-of-the-art hospital to provide service to residents of Miami Beach. In 2003 developer Craig Robins, who would later go on to develop Miami Design District, completed a major transformation of the island when he delivered the Aqua condo community project.

For more information about 6505-6525 Allison Road, private showings or purchasing/ leasing information please fill out the form below:

46 Star Island, Previously The Most Expensive Home For Sale In Miami and Originally Built By Carl Fisher, Drops Price To $48 Million

The legendary cul-du-sac, located at 46 Star Island, which was originally built by the "founder" of Miami Beach Carl Fisher, has dropped its price from a city high $65 million to $48 million. The mansion also previously listed via auction without reserve on January 31 with Concierge Auctions in December but did not sell. 

46 Star Island features 10 bedrooms, 12 bathrooms with over 18,356 SF of living area. The estate was completely renovated in 2016 keeping the classic Mediterranean design with modern features such as a new kitchen and updated living areas. Luxurious features and finishes cover every inch of the property such as a large, ornate living room with vaulted ceiling; clerestory and arched casement windows, 3,000-bottle wine cellar, billiard room with wet bar, gym, office, staff quarters, sun room, formal dining room, guest quarters, and a massive chef's kitchen. Outside features over 250' of waterfront complete with lounge areas, exotic landscaping, resort style pool with cabana, and 2 private docks on of which with has a boat lift, all offering stunning views of Biscayne Bay and Monument Island. 

46 Star Island is currently listed for $48 million with listing agents Alexa Iacovelli and Mirce Curkoski of ONE Sotheby's International Realty. 

Photos by Alex Tarajano Photo

Fisher Island Has Been Named The Highest Earning ZIP Code in The United States

The detrimental effects of continued and increasing state tax in high tax northern states such as New York and Connecticut is beginning to show its effects and fast. Connecticut and Manhattan were once home to numerous Wall Street big wigs and high income earners, yet residents have either fled to states such as Florida where the state is funded off of property tax and sales tax amongst others. While Greenwich, CT is still in the top 20, as is its Riverside neighborhood, Manhattan failed to crack the top 20 with any neighborhood.

Taking the cake, Miami’s ultra-luxe, hyper-private, ferry accessible Fisher Island 33109. Ask where the new residents are moving from and you will hear what you would expect, New York, Connecticut and New Jersey. Fisher Island has always attracted the rich and private, but in just a short timeframe they neighborhood has catapulted itself to a lead of over $1 million more of annual income per household at an astonishing $2.5 million per year.

Fishr Island has a fascinating history, named after South Florida pioneer and founder of Miami Beach Carl G. Fisher who purchased the island from Dana A. Dorsey, Florida’s first African American millionaire. Fisher later traded the island for William Vanderbilt’s yacht. The development that transformed the island into its current form began in the 1980’s and although there are now just over 220 properties on the island, by modern standards the island is just as exclusive only accessible by boat, ferry or helicopter.

Fisher Island’s 33109 is followed by Silicon Valley’s Atherton, CA (94027); Palm Beach, FL (33480); Palo Alto, CA (94301); Harrison, NY (10577); Gladwyne, PA (19035); Los Angeles, CA (90067); Kenilworth, IL (60043); Weston, MA (02493); San Francisco, CA (94111); Far Hills, NJ (07931); Boston, MA 02110); Portola Valley, CA (94028); Moose Wilson Road, WY (83014); Naples, FL (34102); Medina, WA (98039); Riverside, CT 06878); Old Westbury, NY (11568);  Glencoe, IL (60022), and in twentieth, Greenwich, CT (06831), according to a Bloomberg study of IRS data. 

$65 Million Star Island Mansion Originally Built By Carl Fisher Heads To Auction January 31

The $65 million Star Island mansion that was previously held the title of being the most expensive property for sale in Miami will be heading to auction without reserve on January 31 after a month long marketing period. The auction will be conducted by Concierge Auctions in cooperation with listing agents Alexa Iacovelli and Mirce Curkoski of ONE Sotheby's International Realty. The legendary cul-du-sac, located at 46 Star Island, was originally built by the "founder" of Miami Beach Carl Fisher and features 10 bedrooms, 12 bathrooms with over 18,356 SF of living area. The estate was completely renovated in 2016 keeping the classic Mediterranean design with modern features such as a new kitchen and updated living areas. Luxurious features and finishes cover every inch of the property such as a large, ornate living room with vaulted ceiling; clerestory and arched casement windows, 3,000-bottle wine cellar, billiard room with wet bar, gym, office, staff quarters, sun room, formal dining room, guest quarters, and a massive chef's kitchen. Outside features over 250' of waterfront complete with lounge areas, exotic landscaping, resort style pool with cabana, and 2 private docks on of which with has a boat lift, all offering stunning views of Biscayne Bay and Monument Island. The auction will be held on January 31 without reserve. 

Photos by Alex Tarajano Photo