Friday, April 24, 2009

Fisher Island Condo Sold For 60% Of Asking Price

Fisher Island condo - view from condo on Fisher Island,in Miami Beach Florida
Fisher Island Condo at 7912 Fisher Island Drive Sold for 60% of the Asking Price

A Fisher Island condo, on the ground floor, just steps away from the ocean with northeast views of the pool, and cruise ships in the distance, and just a few steps from the beach, sold last week for $5,457,000, just over 60% of the $8,970,000 asking price. The finely designed home, features a master bedroom suite, with an adjacent gym, and renovated and expanded guest bedrooms.

The 5,600 square feet condo has 5 bedrooms, and 6 bathrooms. Originally listed in August 2007 for $12,500,000, the price was dropped twice, and the property finally sold for less than half of the original price. The sale should serve as a good lesson to those sellers who have a need to sell, but are still pricing their properties at inflated values, remaining oblivious to present real estate market conditions. condo on Fisher Island, Miami Beach condos for sale, 7912 Fisher Island Drive

Fisher Island real estate encompasses a 216-acre private island residential community of unrivaled luxury and splendor. The classic, Mediterranean style, private residential community of Fisher Island is nestled in a tropical-lush island club resort. Here, residents discover the privacy and security of an island where cultures from 40 nations blend against the backdrop of a cobalt-blue sky and the Atlantic Ocean. This private Miami Beach community, with its own zip code, is easy to reach by boat, seaplane, helicopter or car ferry.

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