Palazzo del Mare Fisher Island: 2026 Buyer's Guide

Palazzo del Mare is the 10-story Mediterranean Revival condominium at 7111-7193 Fisher Island Drive on the north side of Fisher Island, completed in 2007-2008. The 32-residence building was developed by Fisher Island Holdings -- the entity that owns Fisher Island itself -- and is one of three "Palazzo"-prefixed buildings on the island, the others being Palazzo del Sol (2016) and Palazzo Della Luna (2019).

Palazzo del Mare's north-side address differentiates it from most of the island's condo product. From the upper floors, residences face Government Cut, the South of Fifth blocks of South Beach, and the open Atlantic horizon. The building is among the only Fisher Island condos with a formal enclosed lobby and private elevator foyers opening directly into each residence.

Floor plans run 3,690 to 7,025 square feet across three- to six-bedroom flow-through layouts, with 10-foot ceilings, European kitchens, and oversized balconies that wrap the building's primary exposures.

View the Palazzo del Mare building page for current inventory, floor plans, and recent closed sales.

The Quick Take

Where is Fisher Island?

Fisher Island is a 216-acre private island in Biscayne Bay, accessible only by the Fisher Island ferry from Terminal Island off the MacArthur Causeway, by private yacht, or by helicopter. The ferry runs 24 hours, every 10 minutes during peak hours, with pre-arranged security clearance and capacity for cars under 24 feet plus golf carts.

The island's ZIP code 33109 was ranked the most expensive in the United States for 2025 closed sales, with a median sale price of $9.5M and reported average household income above $2.5M.

Carl Fisher acquired the island as a barrier island parcel in 1919; in 1927 he traded 7 acres to William K. Vanderbilt II for the 265-foot yacht "Eagle." Vanderbilt brought in West Palm Beach architect Maurice Fatio to design the 1936 Vanderbilt Mansion, now the Fisher Island Club clubhouse. Modern development began in the early 1980s; the Fisher Island Club opened in 1987 and completed a $60M restoration in 2013.

Palazzo del Mare sits on the central northern side of the island, with the building's primary exposure looking north across Government Cut to the Miami Beach skyline and east to the open Atlantic.

Who's Behind Palazzo del Mare?

The developer of record is Fisher Island Holdings, the entity that owns Fisher Island itself. The same group, through subsidiary PDS Development LLC, went on to deliver Palazzo del Sol in 2016 and Palazzo Della Luna in 2019 -- both Kobi Karp-designed ultra-luxury buildings on the southern half of the island.

Fisher Island Holdings has been led since 2010 by CEO Heinrich von Hanau, the Austrian-born descendant of William I, Elector of Hesse. The ownership entity is the Valmore Trust, whose beneficiaries are Inna Gudavadze (widow of Georgian businessman Arkady "Badri" Patarkatsishvili) and her daughters Liana Zhmotova and Iya Patarkatsishvili.

Palazzo del Mare predates the Kobi Karp / PDS Development chapter; it was delivered during the original Fisher Island residential build-out cycle that produced the Bayside, Bayview, Oceanside, Seaside, Harborview, and Villa del Mare buildings between the late 1980s and the mid-2000s.

Architecture and Design

Palazzo del Mare is a 10-story Mediterranean Revival structure -- the dominant architectural style of Fisher Island's first-generation condo build-out, which traces back to the Vanderbilt Mansion's 1936 design vocabulary.

The exterior reads as Mediterranean Spanish: stucco walls, arched openings, tile roof accents, and decorative balcony railings. Inside, the residences carry a more contemporary spec than the architectural envelope suggests:

• Flow-through floor plans that capture both north (Government Cut / Miami Beach skyline) and east (Atlantic) exposures
• 10-foot ceilings
• European kitchens with high-end appliance packages
• Italian cabinetry
• Granite countertops
• Marble flooring in primary spaces
• Marble vanity tops in master suites
• Stainless steel appliance finishes (with Sub-Zero, Gaggenau, and Miele commonly specified in renovated units)
• Oversized balconies with wraparound exposures

The building's most distinctive structural feature is the formal enclosed lobby. Most Fisher Island condos use open-air or carport-style entry sequences; Palazzo del Mare and its two younger sister buildings are the only Fisher Island condos with formal lobbies, 24-hour staffed concierge desks, and private elevator foyers opening directly into each residence.

Residences at Palazzo del Mare

The building delivers a deliberately tight unit count -- 32 residences on 10 floors works out to roughly three to four homes per typical level.

The published specs:

• 32 residences across 10 stories
• Residences sit on floors 2 through 10
• Four distinct floor plans, all flow-through
• Interior sizes from ~3,690 to ~7,025 square feet
• 3BR to 6BR configurations
• 10-foot ceilings throughout
• Private elevator foyers
• Oversized balconies on both north and east exposures
• Master suites with marble vanity tops, separate his-and-her wardrobe closets in select plans
• European-designed kitchens with Italian cabinetry, granite countertops, and stainless-steel appliances
• Fully furnished delivery available on select units

Buyers should note that finish packages vary widely between original delivery units and units that have been renovated since the 2007-2008 completion. Confirm the specific kitchen and bath package, flooring, and millwork condition with the listing agent before underwriting any unit.

Amenities

Palazzo del Mare carries an on-site amenity stack plus full Fisher Island Club access through equity membership.

Building-level amenities:

• Oceanfront heated swimming pool with deck and seating
• Aperitivo bar
• State-of-the-art fitness center
• Spa with sauna and steam rooms
• Media room with theater seating
• Formal lobby with 24-hour concierge
• Private elevator foyers into each residence
• Two assigned parking spaces plus assigned golf cart space
• Valet service
• Storage assignments

Fisher Island Club access (carried by equity membership for property owners):

• Private beach with imported Bahamian sand
• 9-hole P.B. Dye championship golf course
• Racquet Club with 17 tennis courts (grass, European red clay, hard, and Har-Tru surfaces), 5 pickleball courts, and 2 padel courts
• Spa Internazionale -- 24,000 square feet in Vanderbilt's old seaplane hangar
• Two breakwater-protected deep-water marinas with more than 100 slips, accommodating yachts up to 250 feet
• Vanderbilt Mansion clubhouse, plus restaurants including Porto Cervo, Garwood Lounge, and the Beach Club restaurant
• Town Center with island market
• Fisher Island Day School -- the island's top-rated private school
• 24-hour ferry, security, and concierge

Equity membership in the Fisher Island Club is required of all property owners. Owner reports cite a one-time equity initiation in the $350,000 range with annual dues in the low $20,000s plus a capital reserve contribution.

How Palazzo del Mare Compares to Other Fisher Island Buildings

Where Palazzo del Mare slots in:

• Newer than the 1980s-90s build-out, older than the two Karp-PDS towers. A middle-decade position in the Fisher Island condo timeline.
• The only "Palazzo" with a north-side / Government Cut orientation. Both Palazzo del Sol and Palazzo Della Luna are on the southern half of the island.
• Lower unit count than the original Bayside/Bayview build-out -- 32 versus 99-134 -- with a more formal lobby program.
• Per-square-foot pricing typically trades below Karp-era pricing. That delta lets buyers prioritize floor and exposure over building-age premium.

The Fisher Island Lifestyle

Living on Fisher Island runs on electric golf carts -- there is no through traffic, no public road network, and no pedestrian path off the island. Every grocery delivery, contractor visit, and out-of-town guest arrives on the 24-hour ferry from Terminal Island.

The Fisher Island Club restaurant network includes Porto Cervo (Italian), the Garwood Lounge (cocktails), the Beach Club restaurant, and the Vanderbilt Mansion clubhouse dining. The Spa Internazionale -- in Vanderbilt's old seaplane hangar -- runs a Mediterranean-inspired wet area with lap pool, cold plunge, jacuzzis, and steam rooms, plus a full treatment menu.

The Vanderbilt Marina -- recently renovated in a $6.6M overhaul -- handles vessels up to 250 feet, with a 12-foot interior depth and concrete floating docks. The Main Marina holds smaller craft. Government Cut access puts owners in the Gulf Stream within minutes.

The mainland is closer than the lifestyle suggests. The Mandarin Oriental Brickell Key, Brickell City Centre, and downtown Miami sit roughly 15 minutes from the ferry landing. Miami International Airport is a 20-25 minute drive off the ferry.

FAQ

When was Palazzo del Mare completed?

Palazzo del Mare was completed in 2007-2008. Sources cite both years; the building came online during the final phase of Fisher Island's original residential build-out cycle.

Who developed Palazzo del Mare?

Fisher Island Holdings, the entity that owns Fisher Island itself. The same group, through subsidiary PDS Development LLC, later delivered Palazzo del Sol (2016) and Palazzo Della Luna (2019).

How many residences are at Palazzo del Mare?

32 residences across 10 stories at 7111-7193 Fisher Island Drive, on the north side of the island facing Government Cut and the Miami Beach skyline.

What are Palazzo del Mare residence sizes?

Four flow-through floor plans ranging from roughly 3,690 to 7,025 square feet, in three- to six-bedroom configurations. Ceilings are 10 feet throughout.

Does Palazzo del Mare have a private elevator foyer?

Yes. Palazzo del Mare is one of the only Fisher Island condos with a formal enclosed lobby and elevators opening directly into private air-conditioned foyers in each residence. Palazzo del Sol and Palazzo Della Luna later adopted the same configuration.

What are the on-site amenities?

An oceanfront heated swimming pool, aperitivo bar, fitness center, spa with sauna and steam rooms, media room with theater seating, 24-hour concierge, two assigned parking spaces plus golf-cart space, and valet. Owners also access the broader Fisher Island Club amenities through equity membership.

Does Palazzo del Mare include Fisher Island Club membership?

Yes. Ownership at Palazzo del Mare requires equity membership in the Fisher Island Club, which opens the private beach, 9-hole P.B. Dye golf course, 17-court Racquet Club, Spa Internazionale, deep-water marinas, and the island's restaurant network. Equity initiation and annual dues apply.

How do you reach Palazzo del Mare?

By 24-hour Fisher Island ferry from Terminal Island off the MacArthur Causeway, by private yacht into the Fisher Island Club Marina, or by helicopter. The ferry accommodates cars, trucks under 24 feet, and golf carts, with pre-arranged security clearance required.

Bottom Line

Palazzo del Mare is the middle Palazzo -- the 2007-2008 Fisher Island Holdings building that sits between the original 1980s-90s build-out and the Karp / PDS Development trophy towers that followed. 32 residences, 3BR to 6BR flow-through plans to 7,025 square feet, formal enclosed lobby with private elevator foyers, and oceanfront pool on the north side of the island looking back toward South Beach. Owners get the full Fisher Island Club program plus a tight 32-unit building scale.

Want a Data-Driven Read on Palazzo del Mare?

If you are evaluating a Palazzo del Mare resale -- floor, exposure, renovation level, or comp analysis against Palazzo del Sol, Palazzo Della Luna, Villa del Mare, or Oceanside -- reach out to Kyle Benjamin, REHub Miami.

View the Palazzo del Mare building page | Browse Fisher Island condos | Contact us

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Disclaimer: This article is for general informational purposes. Pricing, inventory, HOA figures, Fisher Island Club equity fees and dues, and finish specifications change. Always verify details directly with the building's official sales team and recent closed sales before making a purchase decision.