Finance
Most expensive zip code in Florida: Fisher Island, Miami, photo tour
- Miami Beach’s man-made Fisher Island is the most expensive zip code in Florida.
- It’s a retreat for the ultra wealthy; less than 20% of the island’s residents permanently reside there.
- Residents must pay membership dues, which includes an initial contribution of $250,000 and an annual fee of $22,256.
Fisher Island, Florida, is as exclusive as it gets.
The 216-acre, man-made island sitting pretty off the coast of Miami Beach is reachable only by boat — most often yacht. It’s considered America’s most millionaire-dense zip code and the most expensive zip code in Florida, but less than 20% of the island’s residents permanently reside there.
With its mix of condos, private homes, and hotel rooms, the lush island exists as a retreat for the ultra wealthy, who spend their days golfing, playing tennis, lounging on the beach, boating, and simply relaxing.
According to 2015 IRS data analyzed by Bloomberg, Fisher Island residents have an average annual salary of $668,900.
The illustrious Vanderbilt family were the original stewards of Fisher Island, and their penchant for opulence remains.
Below, find out how Fisher Island became America’s most affluent enclave.
Fisher Island maintains more than 100 boat slips for yacht-owning residents. Yacht and 24/7 public ferry are the only way to access the island.
Source: Fisher Island Club
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