Prices drop for Luxury Miami homes on Fisher Island

Luxury Miami homes, Miami Beach real estate

Luxury Miami homes on Fisher Island were at the top of the list for America's most expensive postal zone two years ago. Miami Beach real estate in ZIP code 33109 took the top spot on Forbes annual ranking with a median luxury Miami homes price of $3.85 million. That top ranking luxury Miami homes on Fisher Island? Gone!

Now a handful of homes Fisher Island, 216 acres of the most expensive Miami Beach real estate, now have many homes that have gone into foreclosure. Since the Forbes list came out, 23 residents are still hurting from their brush with Ponzi schemer Bernie Madoff and the median price one of these luxury Miami homes as gone down by 15%.

Full Article...Prices drop for Luxury Miami homes on Fisher Island