Fisher Island Homes for Sale under $5M

Fisher Island is a 216-acre private island south of South Beach with no bridge — residents arrive by 24-hour auto-ferry, boat or helicopter. Its ZIP code, 33109, regularly ranks among the wealthiest in the United States, and the market is a closed circle of low-rise luxury condominiums — Palazzo Del Sol, Palazzo Della Luna, the Bayside, Oceanside and Seaside villages — set around the Fisher Island Club’s private beach, golf course and marinas, plus a handful of villas that trade only rarely.

Setting the ceiling at $5.0M turns Fisher Island into a value hunt — and the value tends to hide in specific corners: an older building whose fees undersell its address, a property type the market keeps overlooking, a block just off the prime grid. Known for a ferry-only private island and one of America’s wealthiest ZIP codes, Fisher Island always has an under-the-radar pocket, and this page keeps every listing beneath the cap in one place so none of it slips past you.