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

Unit, built in 1992, sold for $1,663 per square foot

Jul.July 11, 2016 12:00 PM

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.

Related Article

Kenneth and Karen Heithoff with 4911 Fisher Island Drive

Good bones? Radiologist sells Fisher Island Bayview condo for $8M

From left: Palazzo della Luna and Palazzo del Sol

Fisher Island developer sells two units for over $40M

A rendering of Palazzo Della Luna

After selling Wynwood property for megabucks, plumbing mogul buys luxury condo

Palazzo Del Sol

Brazilian paper magnate throws $7M in bills for Palazzo Del Sol condo

Former Honeywell exec drops $15M on Fisher Island condo

Bank seeks to foreclose on Fort Lauderdale mansion, Fisher Island condo of former Patriot National CEO

The week in luxury: A map of Miami-Dade’s priciest condo sales

Fisher Island condo belonging to Trump friend, billionaire Agalarov, hit with foreclosure