So proud to be part of this tansaction, not only because it’s a significant sale but more importantly because of the sophiticated level of my client. To understand the significance of this home in its location, scale, magnitude, architecture, historic significance and provenance puts the buyer at a level beyond the nouveau rich we are so accustomed to seeing in Miami. At the end this was an amazing collaboration between two realtors who knew how to accommodate their clients respectively. Jill Hertzberg knew her seller well and I knew my buyer well. This special rapport made this transaction possible. we wish the new buyer lots of happiness in this unique piece of property located at 1736 W 28 Street in Miami Beachhttp://maps.google.com/maps?q=1736+w+28+st+miami+beach+fl&rls=com.microsoft:en-us:IE-SearchBox&oe=UTF-8&rlz=1I7ADBR_en&um=1&ie=UTF-8&hq=&hnear=0x88d9b3810582b713:0xd669e17382818afd,1736+W+28th+St,+Miami+Beach,+FL+33140&gl=us&ei=iQEnTvWCF4TAgQen58Vc&sa=X&oi=geocode_result&ct=title&resnum=1&ved=0CBUQ8gEwAA on the tip of Sunset Island I overlooking downtown Miami with 453FT of prime water front.

How about Donald Trump who sold his Palm Beach mansion (Maison de l’Amitier) in May, 2008 for $125,000,000 making it the most expensive home in the U.S. according to Ultimate Homes Magazine

It’s hard to believe that with all the current news spread out all over the Media, targeting the housing market and the economy in general record braking sales of this magnitude are actually occurring.

It made me wonder what drives someone to spend that much money for housing in this environment.

To answer that question I went to Fisher Island, a private island community accessible only by Ferry, helicopter or yacht about 7 minutes from South Beach by ferry.

I found that sales on the island are frequent despite the high maintenance fees and the astronomical club membership dues. There are about 730 units on the island with about 140 available on for sale with sales of about 25 units within the last 12 months maintaining prices between $1,300 to $1,600 per Square foot on larger desirable units (per MLS).

Why?

To me, I think it’s all about the LIFESTYLE.

For example, Fisher Island offers a newly renovated Golf course, a private beach club, tennis club, marina and a sumptuous spa. All combined in a beautiful surreal island setting.

The privileged islanders name their price and wait to for the buyer to come up with the price tag for this unique lifestyle.

Let’s not underestimate the waterfront homes in Miami Beach. The number of houses sold over $5,000,000 between January, 2008 and August, 2008 is about 20 (per MLS) that’s over 2 houses sold per month.

In conclusion, to understand why record braking sales still occur in this market one should look no further than the unique lifestyle a property can offer.

To find out more about Fisher Island and the unique lifestyle South Florida offers, please go to my website www.miamilifestyle.com

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