Caroline Wozniacki and David Lee list Fisher Island condo for $18M

Caroline Wozniacki and David Lee and Palazzo Del Sol, Fisher Island (Photos via Getty; The Jills Zeder Group/photography by Lifestyle Production Group)

Caroline Wozniacki and David Lee and Palazzo Del Sol, Fisher Island (Photos via Getty; The Jills Zeder Group/photography by Lifestyle Production Group)

Game, set, match.

Danish tennis star Caroline Wozniacki and her husband, former NBA player David Lee, are looking to sell their Fisher Island condo.

The couple listed their unit at Palazzo Del Sol for $17.5 million after buying it for $13.5 million in 2018. Wozniacki and Lee bought the unit from the developer.

The waterfront condo totals 8,430 square feet and has five bedrooms and five-and-a-half bathrooms.

The condo is asking about $2,396 per square foot, up from the $1,848 per square foot that they paid. Jill Hertzberg and Jill Eber of The Jills Zeder Group at Coldwell Banker are representing Wozniacki and Lee, according to a release.

Palazzo Del Sol was completed in 2016 and was the first condo building to be built on Fisher Island since 2007. The 10-story building, designed by Kobi Karp, has 47 units and six cabanas. At the end of 2020, the president of an aviation parts company bought a condo at the sister building, Palazzo Della Luna, for $16 million.

Wozniacki retired from professional tennis early last year after a 15-year career with 30 titles, including an Australian Open win. According to the Women’s Tennis Association, she’s currently fifth in all-time career earnings of more than $35 million.

Lee announced his retirement from the NBA in 2017. Lee, who played at the University of Florida, won a championship with the Golden State Warriors in 2015. In 2019, Lee sold an unfinished condo at Sierra Towers in West Hollywood for $11 million, after buying the three-unit property for $13.5 million in 2017.

Fisher Island is the richest ZIP code in the country, and the recent sales definitely reflect that.

Canadian billionaire Lawrence Stroll recently sold a four-bedroom condo that once belonged to Oprah Winfrey for $20 million, and the owner of luxury furniture and staging company Artefacto sold a condo for $6.8 million.

You get a condo! Billionaire Lawrence Stroll sells Oprah’s former Fisher Island penthouse

Oprah Winfrey and (inset) Lawrence Stroll over the unit (Getty)

Oprah Winfrey and (inset) Lawrence Stroll over the unit (Getty)

The luxury penthouse that made Oprah Winfrey a South Florida homeowner has sold for $20 million.

Canadian billionaire Lawrence Stroll sold the Fisher Island condo to an undisclosed buyer for a hefty profit, six years after acquiring the four-bedroom, 6,170-square-foot condo for $13.5 million. The $20 million price tag breaks down to $3,242 per square foot, which marks a record for Fisher Island this year, according to Luxe Living Realty.

Oliver Lloyd

Oliver Lloyd

Broker Dora Puig of Luxe Living Realty represented the seller and Oliver Lloyd of Douglas Elliman represented the buyer. Both declined to comment.

Winfrey bought the unit in 1995, and sold it six years later to former Campbell’s Soup chairman George Sherman for $6.5 million. Sherman then sold it to Stroll’s company in 2014, property records show.

Dora Puig

Dora Puig

The unit features 20-foot arched ceilings, a fireplace, leather upholstered walls, a larger master suite, an office and a gym. It was most recently on the market for nearly $25 million.

Stroll, a businessman who is executive chairman of Aston Martin Lagonda, is known for taking Michael Kors public in 2011. He also owns Racing Point F1 Team, which will be rebranded as Aston Martin next year. Forbes pegs his net worth at $2.6 billion.

Fisher Island is one of the most expensive ZIP codes in the U.S., and is accessible only by boat or ferry. The entrance fee for an equity membership at the Fisher Island Club is $250,000, and provides access to the island’s private marina, golf course, spa, restaurants, school and retail. In August, an heir to George Wackenhut, founder of his eponymous security firm, paid $15 million for a penthouse at 5203 Fisher Island Drive.

As for Winfrey, last year she paid $6.85 million to acquire actor Jeff Bridges’ Spanish Revival home in Montecito, California, bringing the billionaire mogul’s total spent in the area to $86 million.

Nation’s richest ZIP code received a $2M PPP loan. Now its HOA is deciding whether to accept it

Fisher Island (Credit: Fisher Island)

Fisher Island (Credit: Fisher Island)

Fisher Island’s homeowners’ association was approved to receive a $2 million loan through the federal government’s Paycheck Protection Program, and now the association is asking its residents whether it should accept the funds.

The $349 billion PPP program was created by Congress to help small businesses, providing loans of up to $10 million to cover rent, mortgage interest, utilities and payroll. It’s unclear how the Fisher Island association would use the $2 million, if it accepts it.

Fisher Island https://therealdeal.com/miami/tag/fisher-island/, the nation’s wealthiest ZIP https://therealdeal.com/miami/2019/03/04/these-are-the-richest-zip-codes-in-us/ code, recently made headlines when it purchased 1,800 rapid Covid-19 blood test kits for all its residents and workers, spending $30,600 at a time when testing is limited, according to the Miami Herald.

The exclusive island can only be reached by ferry, boat or helicopter.

The island’s homeowners’ association, which oversees about 20 smaller associations, is meeting Friday at 5 p.m. to review feedback from its residents about accepting the $2 million loan, the Miami Herald reported.

Real estate companies received about 3 percent of the $342 billion in loans approved through the federal program, according to figures released last week by the U.S. Small Business Administration. [Miami Herald]Katherine Kallergis

Russian composer sells Fisher Island condo

Igor Krutoy (Credit: Виктория Тихонова) and Oceanside Residences unit 7471
Vladimir Putin and Igor Krutoy at an awards ceremony (Credit: Пресс-служба Президента России)
Russian composer Igor Krutoy is saying “dasvidaniya” to his Fisher Island condo.
Property records show Krutoy and his wife, Olga, sold unit 7471 at Oceanside Residences on the ritzy island for $7.5 million. Krutoy is a Ukranian-born Russian music composer, performer, producer and promoter. In 2011, he paid $48 million for a condo at the Plaza Hotel, then an all-time record for New York condo sales.
The five-bedroom, 4,932-square-foot unit was listed for $8.9 million, which means it sold for a roughly 15 percent discount. It has views of the ocean, beach and skyline and features Italian marble floors, a gourmet kitchen and a master suite with a terrace, according to the listing. Lana Bell of One Sotheby’s International Realty represented the seller.
The couple paid $3.35 million for the condo in 2002, the year it was completed. They signed the latest deed transfer of ownership in Moscow and list a Manhattan address.
Records show the buyer is 7471 Fisher Island Dr 2017 Revocable Trust. More information on the trust is not available online.
The island, reached only by ferry, boat or helicopter, features such amenities as two marinas, 18 tennis courts, a golf course, eight dining establishments and a mile-long private beach. Membership to the Fisher Island Club, required with a condo purchase, is $250,000 for an equity membership with fees of $2,000 per month. Fisher Island’s common areas also recently underwent $60 million in renovations.

Source: The Real Deal Miami