The Real Deal Miami

CEO of Norwegian conglomerate pays $11M for Fisher Island condo

Unit, built in 1992, sold for $1,663 per square foot
By Katherine Kallergis | July 11, 2016 12:00PM

Fisher Island condo and Treschow

Fisher Island Bayview unit 5282 (Inset: Michael Stang Treschow)

The CEO of a Norwegian conglomerate just closed on a Fisher Island condo for $11.3 million, records show.

Michael Stang Treschow, CEO of the multibillion-dollar Treschow-Fritzøe corporation, bought unit 5282 at the Bayview at Fisher Island Condominium, 5282 Fisher Island Drive, in Miami.

After more than a year on the market, attorneys William and Juliean Charouhis sold the five-bedroom, 6,795-square-foot condo for $1,663 a foot. Jill Eber, of Coldwell Banker’s The Jills team, was the listing agent.

Treschow is part of the seventh generation of his family, which is of Danish and Norwegian nobility. Treschow-Fritzøe invests in real estate, forestry, and other industries, according to published reports.

The Fisher Island condo, built in 1992, includes an open floor plan, marble and French oak floors, an open chef’s kitchen with a quartz island, a master suite with a glass rain shower and an office suite. It was recently renovated, according to the listing.

The sellers paid $4.85 million for the condo in 2013, records show. After spending 471 days on the market, it was last listed for just less than $13 million.