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Inside The Richest Zip Code In The US - YouTube
Channel: Business Insider
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[Music]
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so we're about to check out one of the
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country's most expensive neighborhoods
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this is fisher island mel brooks julia
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roberts and oprah have all owned homes
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here
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with an average income of 2.2 million
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dollars
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it's the richest zip code in the united
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states and we got a chance to tour it
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you may have heard of fisher from
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reports that all the residents and staff
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got covet 19 antibody tests
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just three miles from miami where
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testing was rare
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yep that's where we're headed you
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actually have to take a ferry there it's
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one of the only ways to get on the
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island
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the other way to get on the island
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private yacht only the island's 800
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families and their guests are allowed on
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fisher
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so security is pretty tight at the ferry
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terminal but we got special access back
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in november 2019
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thanks to dorapwig one of the island's
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real estate agents
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fisher island is a private island
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enclave
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with 216 acres dora invited us to tour
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fisher's newest developments
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palazzo del sol and plaza del aluna
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opened in 2019
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which is how we ended up on the island's
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newest ferry taking the seven minute
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journey from miami beach
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so right now i'm on the ferry over to
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fisher island and as you can see i'm the
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only one here in the passenger lounge
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most everyone is in their cars we've got
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a bentley a lamborghini
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a porsche ferrari i think you won't see
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these zooming around the island though
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to enforce strict speed limits most
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people drive around in
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golf carts when you go to the beach club
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you'll have a mini rolls-royce
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golf cart or you'll have a range rover
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golf cart
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or i've seen even vintage old american
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cars and baby blue
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the median waterfront home here cost 2.9
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million dollars
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but residents are not only splurging on
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million dollar apartments
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they're also paying a hefty membership
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fee that covers
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unlimited use of the community pools the
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17 tennis courts
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and the private beaches with sand
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imported from the bahamas
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but it doesn't include the golf course
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or the two marinas
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the original idea of fisher island was
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for everyone to live in the community
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and use the community amenities
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but even on a private island some
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residents want even more exclusive perks
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the newest condos palazzo sol and de la
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luna don't have beachfront locations
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but they do have a private gym salon
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theater and pool
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and water transport that only condo
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residents can use
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come stepping with me dora first showed
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us a 14.5 million dollar unit in palazzo
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de la luna she says many of the island's
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current residents have been looking to
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trade up
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for a home like this one so they don't
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have to share amenities with the whole
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community
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this unit has four bedrooms and five
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baths
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you walk in you're at ground level just
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like in a single family home
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you have your private pool you're on the
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bay
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and look at the size of the outdoor
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entertaining terraces
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it wraps around the whole corner of the
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residence you could have a dinner for
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200 to 300 people here
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the selling point the disappearing
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master suite
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you walk into a dressing room that looks
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like a mermaid's shop
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walk-in dressing room for the lady in
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white lacquered italian closets
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the custom bathroom by buffy for us with
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the floating island and white lacquer
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the tub is custom made for us and it's
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called the fisher island
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and then enter into the master suite
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with your 12 foot ceilings
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[Music]
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because we were curious we went to check
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out a second apartment a supposedly more
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affordable unit up a couple floors at
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nine million dollars it's got three
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bedrooms and three and a half bathrooms
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here you're walking into the wooded
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parlor
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with our little mini library all in
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blonde oak
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you have the main living room dining
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room kitchen
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areas to the bay and the master suite is
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also to the bay
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and then you have the two guest suites
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on the golf course side
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you can keep all the furniture for an
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extra 2 million dollars
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look at how beautiful it is these two
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new developments have only made fisher
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more untouchable
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pushing home values across the island up
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by 20
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today you'll find price tags of over 40
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million dollars
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for a condo that's only 10 million short
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of the most expensive home
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ever sold in miami and that was an
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entire mansion
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the palazzos were the first developments
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on fisher in nearly a decade
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and are targeting a new generation of
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buyers traditionally we had a
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little bit older demographic because the
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island is so beautiful and it's
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it's expensive we've really seen it
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switch to a much younger crowd
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so we've seen a nice migration towards
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younger families
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some come from generations of family
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wealth others come from selling oil
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companies
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selling financial instruments technology
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hedge funds even still half of the
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residents are over 60
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making them particularly vulnerable for
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cobia 19.
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the island has always been a place for
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the one percent to get away
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ever since it was formed in 1906 when a
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canal was dredged so boats could go from
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the port of miami
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straight to the ocean the interesting
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part about this
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is that fisher island today would have
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been south of 5th street
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in miami beach because it was actually
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connected to the tip
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of miami beach peninsula miami's first
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black billionaire
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real estate mogul dana dorsey was one of
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the first owners of the new island
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he wanted to build a black resort here
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but he had trouble getting workers out
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to the island to build it
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so he sold it to billionaire developer
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carl fisher who named it after himself
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next up the vanderbilt family carl
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fisher and
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william vanderbilt well known to party
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and have a lot of fun here
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and one very late night i'm sure there
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were drinks involved
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they traded the island carl fisher
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traded
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his island with his winter home which is
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today the club
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to william vanderbilt for his over 200
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foot
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yacht so they did the trade and then the
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alva
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later on sunk and william vanderbilt
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kept the island
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so i think he was the better businessman
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after vanderbilt's death the island
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passed hands between millionaires
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and then it was left vegan for 15 years
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in the 1980s fisher's current developers
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started work on the community you see
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today and now fisher is a full-blown
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town
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the old vanderbilt mansion is a hotel
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with suites running for almost fifteen
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hundred dollars a night
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vanderbilt's old airplane hangar is now
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a spa and you can even rent a property
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here on airbnb
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for about seven hundred dollars a night
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but this doesn't happen in a vacuum
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it takes about 600 workers to run this
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island
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they live off island and have three
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separate ferries during the day
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they staff a school post office fire
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station a security force
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and a medical center it was from that
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private health clinic that residents and
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workers got those infamous antibody
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tests
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we're back on the ferry we just finished
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our tour of fisher island
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it's really hard to wrap your brain
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around just the amount of well squished
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into one place
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how that exists so close to reality
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across the bay
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as visitors pre-covered we got this
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sense that even with all its normal town
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functions
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fisher island is anything but normal
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it's like a live-in resort community
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manicured eerily perfect and as secluded
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as ever
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hey guys my name's abby i'm the producer
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on this video
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obviously things have changed a lot for
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fisher since we visited back in november
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2019
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but i honestly wasn't that surprised
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when i heard that they were able to get
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antibody tests for everyone on the
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island
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not only did they have one of the first
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cases of coven 19 in miami-dade county
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they also have the means the wealth to
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get them but i want to know what else
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you want to see from us
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what other luxury apartments private
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enclaves do you want us to explore
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let us know in the comments below and
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make sure to subscribe
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