The Real Deal Miami

Palm Beach estate of Stephen Ross’ late uncle listed for $26M

Max Fisher invested his oil fortune into real estate in the early '60s

August 30, 2016 12:45PM

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Max Fisher, the Fishers’ Palm Beach house and guest house, and Stephen Ross

Max Fisher, the Fishers’ Palm Beach house and guest house, and Stephen Ross

The Palm Beach estate of the late Max Fisher, a philanthropist and adviser to a number of Republican presidents, hit the market asking $26 million.

Fisher, who made his wealth in real estate and oil, was also an uncle to Stephen Ross, founder and chairman of the Related Cos. Fisher reportedly financed Ross’ higher education, although he paid him back.

Fisher and his wife Marjorie Fisher, also a philanthropist, owned both a main home at 920 North Lake Way and a guest house across the street at 931 North Lake Way. Marjorie Fisher died in June. Both hit the market last week.

The 9,841-square-foot home, on the Intracoastal Waterway, is listed for nearly $20 million and the 5,780-square-foot guest house is asking $6.2 million, their son Philip Fisher told the newspaper. Corcoran agents Jim McCann, Suzanne Frisbie and Allison Wren are listing the homes.

Fisher invested his oil fortune into real estate in the early ’60s, but became involved in politics later in his life advising a number of Republican presidents. In 2005, the year he died, he ranked as the oldest member of the Forbes 100 with a net worth of $775 million. [WSJ] – Katherine Kallergis

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