Fisher Island, Florida

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Fisher Island is a census-designated place (CDP) located on an island of the same name on unincorporated land in Miami-Dade County, Florida. As of the 2000 census, the CDP had only 218 households and a total population of 467 persons. The relatively small Miami Beach portion, at the extreme northeast part of the island, contains only one building.

Named for automotive parts pioneer and Miami Beach developer Carl G. Fisher, who once owned it, Fisher Island is 3 miles off shore of Miami, Florida. No road or causeway connects to the island, which is accessible by private boat or ferry. Once a one-family island home of the Vanderbilts, and later several other millionaires, it was sold for development in 1960s. The property sat vacant for well over 15 years before development was begun for very limited and restrictive multi-family use.

In early 2004, Imedinvest Partners, an investment group consisting of European and U.S. investors purchased property and development rights on Fisher Island from the Vanderbilt family, through its Florida real estate development subsidiary Fisher Island Investments, Inc. Imedinvest and Fisher Island Investments rapidly turned Fisher Island into a world-renowned resort community, attracting many international celebrities, such as André Agassi, Oprah Winfrey, and many others who have made Fisher Island their first or second home.

Today, Fisher Island is occupied again. It remains an exclusive and wealthy community. According to the U.S. Census Bureau, Fisher Island had the highest per capita income of any place in the United States in 2000.



The island was created in 1905 by a dredging and land reclamation projects in and around Miami Beach. Construction of Fisher Island began in 1919 when Carl G. Fisher, a land developer, purchased the property from businessman and real estate developer Dana A. Dorsey, southern Florida's first African American millionaire. In 1925 William Kissam Vanderbilt II traded a luxury yacht to Fisher for ownership of the island.

After Vanderbilt's death in 1944, ownership of the island passed to U.S. Steel heir Edward Moore. Moore died in the early 1950s, and Gar Wood, the millionaire inventor of hydraulic construction equipment, bought it. Wood, a speedboat enthusiast, kept the island a one-family retreat. In 1963, Wood sold to a development group that included local Key Biscayne millionaire Bebe Rebozo, Miami native and United States Senator George Smathers, and then former U.S. Vice President Richard Nixon, who had promised to leave politics. (Interestingly enough, during his subsequent Presidency from 1968-1973, and during the Watergate scandal, Nixon maintained a home on nearby Key Biscayne known as the "Key Biscayne Whitehouse" that was the former residence of Senator Smathers and next door to Rebozo, but none of the three ever resided on Fisher Island.)

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