5242 Fisher Island Dr # 5242, Miami Beach FL 33109 | Miami-Dade County | A11659114

The list price is $18,250,000. This home is sold furnished, and all fixtures and built-in appliances convey with the property. The residence includes a private pool; other recorded amenities such as the tennis courts, private beach pavilion, and golf equity are community features managed by the HOA.

For precise verification of what is included and a detailed review of HOA regulations, contact Christopher Lazaro, Miami Beach Real Estate Broker.

The property at 5242 Fisher Island Dr # 5242 is located in Miami Beach, Florida 33109. This is a private coastal corridor known for its exclusivity and security.

For a detailed discussion of the area's specific attributes and access, contact Christopher Lazaro, Miami Beach Real Estate Broker, to verify all particulars directly.

The monthly HOA fee for this condominium is $4,448. According to the association's governing documents, this fee covers: All Amenities, Common Area, Elevator, Landscaping/Lawn Maintenance, Manager, Other Maintenance Includes, and Water.

An active special assessment is also on record; its specific balance and payment terms require direct verification. Please be aware that the community is subject to Miami Beach city ordinances. For a complete review of all financials and governing rules, contact Christopher Lazaro, Miami Beach Real Estate Broker.

The tax of record is $132,654 (2023). As an estimate only—Florida reassesses upon sale—the annual property tax at this list price of $18,250,000, with a Miami-Dade rate near 2.0%, would be approximately $365,000 without a homestead exemption, or about $364,000 with it. The homestead exemption lowers the taxable value, but only if this is your primary Florida residence.

These are estimates, not quotes; you must confirm with the Miami-Dade Property Appraiser and a tax professional. For precise verification, contact Christopher Lazaro, Miami Beach Real Estate Broker.

Yes, the property is located in a designated flood zone. These zones, defined by FEMA, indicate a community's risk level for flooding; lenders commonly mandate flood insurance for homes in high-risk areas.

You can review the official definitions and View the FEMA flood map for this address to see the precise designation. For a complete assessment of how this affects the property, contact Christopher Lazaro, Miami Beach Real Estate Broker, to verify details and discuss insurance implications.

Pets are allowed, with restrictions (or possible restrictions). The MLS record for this property notes "Restrictions Or Possible Restrictions," so we will pull the condominium association's exact current pet rules for this unit upon request.

Separate federal accommodation rules apply for a documented service animal or emotional support animal. For precise verification of the pet policy, reach out to Christopher Lazaro, Miami Beach Real Estate Broker.

The list price reflects a comparative market analysis of the building and immediate vicinity. In the broader market, Miami-Dade condos have recently been closing at 94% of list, about 64 days on market, which frames the negotiation environment.

To set an informed strategy for this property, I recommend obtaining a current Miami Beach-specific CMA. For precise verification and to discuss this analysis, reach out to Christopher Lazaro, Miami Beach Real Estate Broker.

I recommend securing a full pre-approval from a Florida Licensed Mortgage Loan Originator before touring any property, especially one listed at $18,250,000. This step confirms your financial position and clarifies your search parameters.

After consulting with a loan originator, please reach out to me, Christopher Lazaro, Miami Beach Real Estate Broker, to verify your standing and coordinate a viewing of 5242 Fisher Island Dr.