Miami Herald

Fisher Island is ranked among the wealthiest U.S. communitie­s

- Rebecca San Juan: 305.376.2160, @rebecca_sanjuan

Fisher Island remains one of the richest communitie­s in the country.

The 33109 ZIP Code ranked 16th among the 130 wealthiest ZIP Codes in the United States, according to a 2020 report by the New York-based residentia­l listing company PropertyCl­ub.

The company analyzed closings and median sales prices from March through September. Fisher Island saw a median sales price of $3.071 million in that span, higher than its median sales price in 2019 of $1.95 million. In 2019, the island ranked 30th in the country.

“The driving factor behind the price growth on Fisher Island is an increase in the volume of higher-end, multi-million dollar sales on the island,” said Andrew Weinberger, the founder and CEO of PropertyCl­ub, by email.

The California communitie­s Atherton and Beverly Hills had the top two wealthiest ZIP Codes. The Long Island village of Sagaponack ranked third.

Sales activity on Fisher Island in recent months included a $12.2 million closing in May and a $13.5 million closing in June.

Despite an uptick in resales for below $1 million, the island drew more buyers closing on pricier units, Weinberger said by email. “The higher prices are part of a bigger trend of luxury buyers preferring exclusive suburban communitie­s that are by the sea or mountains. Fisher Island and similar communitie­s are more desirable in an age of social distancing and remote work.”

The 216-acre island has ranked among the most exclusive communitie­s in the country over the years.

Another Florida community landed on the list — Boca Grande, a seaside village in southwest Florida. Boca Grande had a median sales price of $1.5 million.

Its ZIP Code, 33921, tied for 125th with five others.

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