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Palazzo Del Sol

Condos just off Miami Beach, on exclusive Fisher Island

September 4, 2015

Hello.  Joel Greene here from Condo Hotel Center.

When I was a kid, like so many young boys, I collected baseball cards.  And one of my favorite things to do was to trade them with my friends.

So when I started researching today’s featured property, I was amused to find out that its history was determined by a trade.  But it wasn’t kids trading baseball cards.  Rather it was a trade between two adults who were playing with much higher stakes.

My Island for Your Boat

Back in the 1920s a sizable wedge of land with coconut palms and mangroves sat out in Biscayne Bay.  Miami Beach founder and developer Carl Fisher purchased the 216-acre property from Dana Dorsey, a businessman, banker and philanthropist, who was also Florida’s first African American millionaire.

Fisher, who immediately named the island after himself, planned to develop the real estate.  But before he could, he happened to meet William Kissam Vanderbilt II, an avid fisherman and frequent visitor to Miami and the Keys.

Fisher was in awe of Vanderbilt’s 250-foot yacht called the Eagle.  And Vanderbilt fell in love with Fisher Island.  So when Fisher proposed “part of my island for your boat,” the two shook hands and the legendary trade was made.

By 1936, Vanderbilt had increased his holdings on the island and begun building a $1.5 million private retreat on Fisher Island where he and his wife, Rosamund, enjoyed entertaining the luminaries of their time. Vanderbilt surrounded his mansion with lush landscaping, gracious guest homes, tennis courts and swimming pools.

Today’s Fisher Island is equally exclusive and represents one of the wealthiest zip codes in the U.S.  The property, long since divided up, has changed hands many times.  Most of the people who’ve owned homes on the island have been celebrities; Oprah Winfrey, Mel Brooks, Demi Moore, Jack Nicholson, Al Gore, Arnold Schwarzenegger and tennis star Boris Becker, to name just a few.

Accessible only by auto-ferry or private yacht, this private residential island community is set against gorgeous views of the Atlantic Ocean and the iconic Miami skyline.  It is located off-shore, just minutes from the U.S. mainland and South Miami Beach but is accessible only to those with proper credentials, so most locals, like me, often forget it’s even there.

When I heard that a new condo development was going to be built on this tiny island, I was intrigued.  I had no doubt it would be super exclusive, probably out of the range of most of my Property Alert subscribers, not to mention me.  But I still thought it was a story interesting enough to merit telling.  Read on for details and lots of beautiful photos.

The Condos at Palazzo Del Sol

Palazzo Del Sol will be a six-star residential condominium where Biscayne Bay meets the Atlantic Ocean.  A 10-story, low-rise building, it will have only 47 residences.

Palazzo Del Sol has a premium waterfront location on the island.

Palazzo Del Sol has a premium waterfront location on the island.

It will be located on a 4.5-acre waterfront site on the 216-acre tropical island.  Accessible only by ferry or yacht, it will offer an unmatched combination of luxury, privacy, security, exclusivity and glamour.

Fisher Island: Palazzo Del Sol, at the northern end, overlooks South Beach.

Fisher Island: Palazzo Del Sol, at the northern end, overlooks South Beach.

As you might expect, Palazzo Del Sol will have amazing amenities, not the least of which is fur coat storage, in case you’re looking for somewhere to hang that beautiful mink stole during the 11 out of 12 months it’s summer here in South Florida.

Poolside, overlooking Biscayne Bay at Government Cut and Miami Beach

Poolside, overlooking Biscayne Bay at Government Cut and Miami Beach

Amenities at Palazzo Del Sol include:

  • Butler-staffed aperitivo bar and lounge
  • Covered waterfront entertaining lounge
  • Zero-edge heated lap pool
  • Poolside cabanas available for purchase
  • Outdoor pavilions and kitchen for entertaining
  • Lushly landscaped walking gardens designed by Enzo Enea
  • Fitness center designed by “The Wright Fit”
  • Private massage rooms
  • Hair and makeup salon
  • State-of-the-art movie theater
  • Meeting room for 6-8 with video conferencing
  • Children’s playroom designed by “Kidville”
  • Six-star multilingual full-service concierge
  • Valet parking service with optional self-parking
  • Fur coat storage
Private theater at Palazzo Del Sol

Private theater at Palazzo Del Sol

A Condo & Golf Cart Too

The individual condos will be luxuriously appointed as you might expect. And each home gets its own golf cart (fun!) to use on the island.

Living room decorated by the internationally acclaimed designer Alison Antrobus

Living room decorated by the internationally acclaimed designer Alison Antrobus

Here are the other features:

  • Private elevator entrances
  • Panoramic water and city views
  • Floor to ceiling glass window system
  • Sound attenuation with acoustic rating of STC 55 between units
  • Apure lighting systems design by Porsche Design Studio
  • Floor plan customization and upgrades available thru ASR Interiors
  • Penthouse and lanai residences will have their own pools
  • Underground parking for vehicles and golf carts
Master bedrooms will include spacious sitting areas.

Master bedrooms will include spacious sitting areas.

Kitchens will be outfitted with Gaggenau and Sub-Zero appliances, stone countertops and custom cabinetry.

Ultra-modern kitchens will come with top-of-line features and appliances.

Ultra-modern kitchens will come with top-of-line features and appliances.

The master baths will have upscale fittings and fixtures including a Dornbract rain showerwith Starfire frameless glass shower door, Statuary book-matched marble countertops and Boffi Iceland soaking tub designed by Piero Lissoni.  (Who knew there was such a thing as a designer tub?)

The unique soaking tub is designed by Piero Lissoni, an Italian designer known for his contemporary style.

The unique soaking tub is designed by Piero Lissoni, an Italian designer known for his contemporary style.

Exclusive Fisher Island

If you live on Fisher Island, you are close to all the wonderful features and attractions that make the Miami area so desirable.  You just need to first take a boat to get off the island.

The pool at the exclusive Fisher Island Club

The pool at the exclusive Fisher Island Club

There are plenty of reasons to stay on the island if you prefer.  Anchored by the world-class Fisher Island Club, this five-star resort recently completed an extensive $60 million renovation, including:

  • Historic Vanderbilt Mansion – Built in 1936, the mansion is now home to a lounge, café, club and ballroom.
  • Fisher Island Club Hotel – Boutique property with historic cottages, courtyard villas and a guest house
  • Links – Par 35 championship nine-hole golf course designed by P.B. Dye, double-ended driving range, putting green, clubhouse, pro shop and the Golf Grill.
  • Tennis Center – World-class tennis facility features 18 lighted courts, including 2 grass, 2 hard and 14 Hydro Har-Tru courts, as well as a pro shop.
  • Spa Internazionale – 24,000 sq. ft. Mediterranean-style spa and fitness center
  • Marinas – Two marinas with over 100 slips including some that can accommodate yachts over 200 feet
  • Beaches – Over one mile of pristine white sand beaches with a full-service beach at the Beach Club
  • Dining Venues – Seven unique dining establishments range from casual to elegant
  • Town Center – A waterfront dining and retail destination including a market, bank and dry cleaners
  • Conference Center – Fully equipped corporate board room for up to 40 people
  • Vanderbilt Park – Community park with playground, exercise area, dog park, basketball court and volleyball court
  • Fisher Island Day School – Fully accredited private school, toddler to fifth grade
  • Fisher Island Auto Ferry – Operates 24-hours a day, seven days a week
Fisher Island spans 216 acres and is accessible only by the island's ferry or private boat.

Fisher Island spans 216 acres and is accessible only by the island’s ferry or private boat.

Construction of Palazzo Del Sol

The names of people who’ve called Fisher Island home over the years include Astor, Firestone, Woolworth, Pillsbury, Singer, Penney, Maytag, Honeywell and Vanderbilt. Today, with the addition of Palazzo Del Sol, Fisher Island will be home to a new crop of elite residents.

Construction of Palazzo Del Sol is already well under way.  The building was topped off Dec. 2014.  The interior work is being done at this time. The property is expected to be complete by mid-January 2016.

North lobby of Palazzo Del Sol

North lobby of Palazzo Del Sol

Reserve Your Condo

The condos at Palazzo Del Sol range from three to seven bedrooms, and 3,835 to 9,826 square feet.  These are not your typical condos.  And, as you’d expect, the prices are not typical either.  They start at $6,493,000 and go up to $24,995,000.

In case you find you still have some chump change in your pocket after closing, consider getting a poolside cabana for a mere $1.3-$1.5 million more. Residences and cabanas can be reserved now with a 40% deposit.

Want to know more?  I’ve included lots more details in my data sheet, which I can email you.

You’ll just need to send me your full name, mailing address and phone number, as required by the developer to provide you with the additional property information.

Legendary Trades

As I told you at the beginning, Fisher Island as we know it now, began with a legendary trade of land for a yacht in the 1920s.  My best trade was for a Hank Aaron, Home Run King baseball card, similar to the one below.

My best trade, a Hank Aaron baseball card

My best trade, a Hank Aaron baseball card

I know my trade pales in comparison to Fisher and Vanderbilt’s.  But if you buy a Palazzo Del Sol condominium through me, I’ll certainly feel like I’ve hit a home run!

As always, thank you for your interest in the properties we showcase at Condo Hotel Center.  And if you’d like a tour of Fisher Island and Palazzo Del Sol, I hope you’ll give me a call, because I’ve lived here for over 48 years now, and I’ve always wanted an excuse to go over to the island (with you) and check it out.  It would be nice to see how the other .01% lives.

© Condo Hotel Center. All rights reserved. No portion of this data sheet may be reproduced, exhibited or distributed without the express written permission of Condo Hotel Center. Condo Hotel Center takes copyright infringement seriously. Violators will be prosecuted to the fullest extent of the law.
Although Condo Hotel Center believes the information contained in this data sheet to be accurate and complete, Condo Hotel Center can make no such guarantee. All features and descriptions are subject to change.
Please speak with your personal legal and financial advisors to determine whether this property is suitable for your objectives.

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