10 Things You Should Know When Buying a Golf Home in Fisher Island, FL

Kim Cuevas 3 years ago
10 Things You Should Know When Buying a Golf Home in Fisher Island, FL

Interested to own a golf property in America's richest zip code? Fisher Island distinguishes itself with its amenities and exclusivity. This private 216-acre island located south of Miami Beach boasts of luxurious living in an exclusive tropical golf community shared among approximately 800 international families including billionaires and a number of celebrities. Well-known celebrities who lived on Fisher Island include Oprah Winfrey, Boris Becker, Mel Brooks, Caroline Wozniacki, Julia Roberts, and Andre Agassi.

Golf property lists 10 things you should know before you buy a golf home on Fisher Island.

1. Location

10 Things You Should Know When Buying a Golf Home in Fisher Island, FL

Situated 30-minutes from Miami International Airport and a mere three miles from downtown Miami, the island is within easy reach of South Florida's top attractions.

Fisher Island Club is only accessible by yacht or by private passenger ferry that operates 24-hours a day. The Fisher Island Ferry service conveniently departs from Terminal Island Road just off Miami Beach's MacArthur Causeway.

The main mode of transportation on the island is by golf cart that can seat up to 4 people.

The Island has its own day school, fire station, emergency medical services station, and mail facility. Full-time and seasonal residents also agree that Fisher Island's beaches are one for the best - it's imported from the Bahamas.

2. Security

Because access to the island is limited only by ferry, boat, helicopter, or seaplane you can be sure of its exclusivity and privacy. To board the ferry, hotel guests require a pre-arranged security clearance. Throughout the island Public Safety Officers staff numerous strategic posts 24/7.

3. Homes

Fisher Island is an elite residential community. There are a total of 892 units on the island at present. Golf homes on the island vary in size from 3,800 to well over 10,000-square feet golf villas and golf estates. The most common property type in the golf community is multi-family condo complexes fronting the community's private shoreline and Fisher Island Club's golf course. Primarily Mediterranean in style, there are also single-family estates and apartments with some featuring rooftop pools. The price range of this plush golf property is around $2 million to more than $40 million.

4. Weather

Fisher Island is located in Miami and has a tropical savanna climate. Compared to its summer, winter in Fisher Island has lesser rainfall. The average annual temperature on the island is a comfortable 76.2 °F. The hottest month is August with an average temperature of 82.3 °F. The coldest month is January with an average temperature of 68.8 °F. The rainfall is 43.8 inches a year. The driest month is February with 1.6 inches of rainfall. In June, the precipitation reaches its peak with an average of 6.4 inches.

5. Golf Course

10 Things You Should Know When Buying a Golf Home in Fisher Island, FL

Ranked #8 among the Top 9-hole courses in the nation by Golf Digest, this scenic seaside golf course designed by P.B. Dye is surrounded by gorgeous panoramic views of the Miami Skyline. It also played host to a number of nationally-televised PGA and Senior Tour shoot-outs. The Links at Fisher Island features manicured paspalum supreme grass, laser-leveled trees, and strategically placed bunkers. The course is designed to create the most memorable time on the links.

Golf instructions are also offered by accomplished teaching professionals whose focus is on player development. They offer private lessons, playing lessons, group lessons, and clinics. The newly-renovated indoor Learning Center offering JC Video Analysis and Flight Scope X3 Launch Monitor Systems complements golf instructions. A Titleist Custom Fitting System ensures your next set of clubs is properly fitted.

The Golf Shop carries a wide variety of equipment including Titleist, XXIO, and Callaway. Fashion apparels are also available for both men and women.

6. Membership

The privileges as a member include access to the award-winning P.B. Dye 9-hole course, racquet club, casual & fine dining restaurants, spa, salon & wellness center, marinas, private beach club, the Vanderbilt Mansion pool, and the club's exclusive member events.

Buying a Golf Home in Fisher Island, offers three primary tiers of membership for property and non-property owners.

Equity Membership

Available to Fisher Island property owners and a limited number of non-property owners. Membership includes privileges for the primary members, spouses, and dependent children under the age of 24. Each Equity Membership represents one share of the Club. The initiation fee for an Equity Membership is $250,000, not inclusive of tax. Annual dues are $19,260.00 (inclusive of tax).

Annual Membership

Available to non-property owners of Fisher Island and are renewable on an annual basis. Annual benefits include access to all facilities (excluding the Snooker Club) and member events at Fisher Island Club. The Annual Membership requires a one-time initiation fee of $42,800.00, and annual dues of $24,824 (inclusive of tax).

Optional Golf Membership

Added to the Equity membership or the Annual membership for an individual member or the entire family. A Golf Membership entitles members to unlimited green fees and range use, priority tee time reservations, preferred guest of golf member green fees, and complimentary golf clinics. Golf cart fees do apply. The normal cost for family golf is $4,515.40, including tax, and $3,835.95 for single golf, including tax.

7. Clubhouse & Amenities

10 Things You Should Know When Buying a Golf Home in Fisher Island, FL

Spa Internazionale

A full-service spa & wellness center that takes a personalized approach to your overall health, fitness, and well-being.

Fitness & Wellness Center

Enjoy cutting-edge fitness equipment, the latest in group exercise classes, and personal training designed for all ages and fitness levels.

Salone Di Bellezza

A full-service salon specializing in hair coloring, styling, special occasion styles, professional makeup design, and image consulting.

Premier Deep-Water Marina

Two state-of-the-art marinas including the only private deep-water marina in Miami, Florida. Over 100 slips to accommodate luxury yachts up to 250 feet.

Vanderbilt Theater

A state-of-the-art 1,900-square-foot venue for elite musicians, inspiring lectures, live entertainment, family movie nights, and parties. It is the center of activity at the Club.

Fisher Island Aviary

A unique 800-square-foot bird enclosure that's home to over 15 exotic birds.

Observatory

The Victor Arsidi Observatory, the only facility of its kind at a resort in North America features a complete view of the planets and deep sky objects such as galaxies, nebulas, and double stars.

8. Home Owners Association Fees

Fisher Island golf community consists of twenty-two Condominium Associations and one Homeowners Association (Valencia Estates). All are under a master homeowner's association, the Fisher Island Community Association (FICA). Those who purchase a property on Fisher Island become FICA members. The primary responsibility of FICA is to manage, maintain and improve the common areas of Fisher Island. Along with administering the Master Covenants, FICA ensures that Fisher Island is in compliance with governmental authorities. The Fisher Island Club, club members, residents, and guests are in turn subject to FICA's rules and regulations.

FICA charges annual assessments computed based on their projected annual budget which covers maintenance of shared amenities and public spaces including the island's ferries, security, paved roads, seawall, landscaping, and overheads. The total budget is then divided among the unit owners. The current FICA assessment per owner is $30,376.28 per year.

9. Other Sports Facilities

10 Things You Should Know When Buying a Golf Home in Fisher Island, FL

Racquet Club

Ranked #1 in the East Coast USA by Tennis Magazine, the club features all 4 "Grand Slam" surfaces - 2 grass courts, 5 European red clay courts, 3 hard courts, and 7 Har-Tru courts for a total of 17 tennis courts and 4 pickleball courts.

Tennis and Pickleball Instruction

The club conducts daily lessons and boasts a total of 10 tennis and pickleball professionals certified by USPTA Elite Professional Certified, Professional Tennis Registry (PTR), Association of Tennis Professionals (ATP), and the International Pickleball Teaching Professional Association. Clinics are also offered and include drilling with pros. Children's programs and holiday camps are available throughout the year.

Pro Shop

Features the latest tennis fashions and state-of-the-art equipment for men, women, and children.

10. Dining Options

Fisher Island Club offers a variety of dining options:

  • Cafe Porto Cervo

Italian and Mediterranean-inspired cuisine

  • City View & Library

a choice of outdoor dining with a spectacular view of the iconic Miami skyline or indoor dining in a classic walnut-paneled Vanderbilt Mansion Library featuring an array of gourmet selections

  • Garwood Lounge & Piano Bar

fine dining in an intimate setting within the historic Vanderbilt Mansion featuring prime steaks and chops

  • Greenside

indoor dining at the Club's terrace with a view of the Links course featuring a full menu of delicious selections from fresh salads and sandwiches to the carving board buffet

  • In-room Dining

room service offers a selection of casual fare and international cuisine

  • Island Market

Island's gourmet market offers freshly-brewed coffee, deli, organic fruits and vegetables, caviar, and a selection of red and white wine

  • La Trattoria

pizzeria with delicious homemade Italian specialties

  • Sunset Bar

located on the beach, serves a wide selection of fine wines and premium drinks

  • Snooker Club

a private billiards & dining room available only to Club Equity Members and their guests

  • The Beach Club

Alfresco dining with a West Indies flair

Is buying a golf home in Fisher Island worth it? If exclusivity and privacy and not to mention prestige important to you and liquidity is not an issue then it is. Where else can you rub elbows with your next-door neighbors who are successful in their own field - millionaires, billionaires, and celebrities? But take note, the price of this exclusivity is roughly $50,000 per year for membership and association dues alone. So if this is not an issue, then go for it.