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Fisher Island and Star Island are the two names that come up first when buyers ask me where Miami’s wealthiest residents actually live. Both are private, water-bound, and almost impossibly exclusive — but they are very different places to own a home. Here is how they compare, what you can expect to pay in 2026, and what to know before you buy.
Quick answer: Fisher Island is a private, ferry-access-only island off South Beach with condominiums, a marina, and a members club, consistently ranked among the wealthiest ZIP codes in the United States. Star Island is a guarded, man-made island of large single-family waterfront estates within the City of Miami Beach. Fisher Island suits buyers who want turnkey, staffed island living; Star Island suits those who want a private waterfront compound.
For buyers focused on privacy and services, Fisher Island remains the benchmark, while Star Island appeals to those who want a private waterfront estate.
What Makes Fisher Island So Exclusive?
Fisher Island is reachable only by private ferry, resident boat, or helicopter — there is no bridge. That single fact shapes everything about it. Residents enjoy a private marina, a beach club, tennis and golf, restaurants, and a level of staffing you rarely see anywhere else.
A few things to know:
- Condominiums and villas make up most of the housing, from spacious residences to oceanfront penthouses.
- Club membership is part of island life and factors into your carrying costs.
- Privacy and staffing are the real product — this is turnkey, lock-and-leave luxury.
Because inventory is limited and demand is global, well-positioned residences hold value strongly. I always review association budgets, reserves, and membership terms closely before advising a Fisher Island buyer.
What Makes Star Island Different?
Star Island is a guard-gated, man-made island inside the City of Miami Beach, made up of a small number of large single-family estates. Where Fisher Island is a staffed community, Star Island is about the private waterfront compound — big lots, deep-water dockage, and direct views of the Miami skyline and Biscayne Bay.
Buyers drawn to Star Island usually want land, a private dock for a large vessel, and the ability to build or renovate a signature estate. It is one of the few places in Miami Beach where you can own that kind of trophy waterfront parcel.
What Fisher Island Homes Cost in 2026
As a 2026 guideline, Fisher Island residences generally range from the low seven figures for a smaller condo to well over $30 million for the finest oceanfront units. Star Island estates typically trade from roughly $20 million into the $60 million-plus range for the premier compounds, driven by lot size, water frontage, and whether the home is new construction.
These figures move with the market, so I pull current, address-specific comparable sales before advising any buyer or seller. For broader context, see my Miami luxury market breakdown and my guide to investing in Miami luxury real estate.
Fisher Island vs. Other Ultra-Luxury Miami Options
Buyers weighing these islands often also consider guard-gated mainland waterfront such as Gables Estates in Coral Gables, or island living on Key Biscayne. The trade-off is usually privacy and services versus lot size and boating. If a large private dock and a buildable estate are the priority, Star Island or a Gables Estates point lot may fit best. If you want staffed, turnkey island living, Fisher Island is hard to match.
Buying on Fisher Island or Star Island: What to Know
Both markets are small, discreet, and heavily relationship-driven. Much of the best product is shown privately, and association or club rules deserve careful review. On Fisher Island, focus your diligence on the association and membership. On Star Island, focus on the seawall, dock depth, and what you can build. In both cases, representation by someone who knows these islands protects your interests and your timeline.
Many island estates change hands privately; learn how off-market luxury listings in Miami work. For other prime areas, see the best luxury neighborhoods in Miami.
Frequently Asked Questions
How do you get to Fisher Island?
Fisher Island is accessible only by private ferry, resident boat, or helicopter — there is no bridge. Residents and guests use a dedicated ferry terminal near the Port of Miami.
Is Fisher Island the wealthiest ZIP code in America?
Fisher Island (ZIP 33109) has repeatedly ranked at or near the top of lists of the wealthiest ZIP codes in the United States by average income, reflecting its exclusivity and limited housing supply.
What is the difference between Star Island and Fisher Island?
Star Island is a guard-gated island of large single-family waterfront estates within Miami Beach, reached by a short causeway-connected road. Fisher Island is a ferry-access-only community made up mostly of condominiums and villas with resort-level amenities.
How much does a home on Fisher Island cost?
As a 2026 guideline, Fisher Island residences range from the low seven figures for smaller condos to more than $30 million for premier oceanfront units, plus club and association costs.
Can you dock a large yacht at a Star Island home?
Yes. Star Island estates typically include deep-water dockage suitable for large vessels, though you should always confirm dock length and water depth for a specific property.
Fisher Island and Star Island reward buyers who understand how privately these markets move. If you would like current comparable sales or a look at what is available, including quietly marketed opportunities, reach me directly at (786) 801-4442 or through my contact page.
About Erika Schell
Erika Schell, P.A. is a Luxury Certified REALTOR® with The Keyes Company and a Forbes Global Properties affiliate, specializing in $1M+ residential real estate across Coral Gables, Cocoplum, Gables Estates, Key Biscayne, Pinecrest, South Miami, and Doral. With a Master’s in Finance, 20+ years of business experience, and 123+ successful transactions, Erika brings CFO-level pricing analysis and worldwide Forbes marketing to every luxury sale. Call or text (786) 801-4442.