"Between the lines: Fisher Island's beauty, isolation and closeness to downtown Miami make it an easy sell. Residents pay a $500,000 membership fee and nearly $40,000 for amenities, including pickleball and tennis courts, two deepwater marinas, a golf course, and a private primary school, the Tampa Bay Times reports. "You pretty much have your own oasis in the city," Jill Eber, a resident and luxury real estate broker, told the outlet."
"The fine print: Researchers looked at home sales that closed between January and September in states where purchase prices are public record. Only ZIPs that saw at least five sales were included in the analysis. What we're watching: More wealthy homebuyers are flocking south. Last year marked the first time a Florida ZIP led PropertyShark's annual ranking. "The luxury market has expanded far beyond its traditional boundaries," said Redfin's head of economic research, Chen Zhao, in a recent report."
Atherton, California saw a typical home sell for $8.3 million and fell to second after eight straight years at the top. Sagaponack in the Hamptons followed with a $5.9 million typical sale. California ZIP codes made up 61% of the 120 ranked. Fisher Island's isolation, beauty and proximity to downtown Miami support high prices; residents pay a $500,000 membership fee and nearly $40,000 for extensive amenities. Climate change is raising insurance costs and reshaping high‑risk coastal markets. Researchers analyzed January–September home sales, including only ZIPs with at least five sales. Wealthy buyers are increasingly moving to the Sun Belt, with a Florida ZIP leading last year.
Read at Axios
Unable to calculate read time
Collection
[
|
...
]