This Award-Winning Residential Development Is In America’s Most Expensive Zip Code

Palazzo Della Luna, a new luxury boutique residential development, is currently being developed on tony Fisher Island in Miami, Florida, the most expensive zip code in the country

Slated for completion during the summer of 2019, the Mediterranean-style 10-story property is located on the last waterfront parcel left on the island. Fisher Island is a little-known island which used to be the home of a branch of the storied Vanderbilt family. Palazzo Della Luna is the sister property of the adjacent Palazzo Del Sol, which was completed in 2016.We had the opportunity to learn more about this fascinating project directly from Palazzo Della Luna’s developer, Heinrich von Hanau, chief executive of PDS Development, LLC and Fisher Island Holdings, LLC. He shared with us the vision behind the tony development and the many amenities and luxurious features it will offer to its residents. (See related story here that appeared in Forbes in April)

What makes Fisher Island such a special place?

One of the reasons Fisher Island is special is due to its unique location and accessibility. It’s a true tropical island paradise situated just across from Miami Beach and surrounded by the Atlantic Ocean and Biscayne Bay. With no roads or bridges leading to it, Fisher Island is accessible exclusively to residents and club members via auto-ferry or private yacht, but it is less than 10 minutes from downtown Miami and South Beach.

Fisher Island is also unique in that it represents one of the world’s highest concentrations of wealth – its own 33109 zip code was just recently ranked by Bloomberg as “America’s Richest Zip Code.”

Fisher Island is special because of the value its real estate represents when compared to other leading cities worldwide. While the weather, beaches, attractions and proximity to South America, the Caribbean and the U.S. Eastern seaboard make it an appealing destination decisively, the price one pays for prime waterfront property in Miami is relatively low when compared with other top tier cities such as New York, London, Monaco, Los Angeles, Melbourne or Beijing.

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