Mexican entity chops asking price of Fisher Island condo to $17.5M

Palazzo del Mare unit 7192
Palazzo del Mare unit 7192

A ninth-floor unit at Palazzo del Mare has been relisted for a reduced price: $17.5 million, or nearly $2,500 per square foot. 

A Mexico City-based company, FI Realty Corp., chopped the asking price of the six-bedroom, 7,025-square-foot unit on Fisher Island. The condo offers 360-degree views of the ocean, Government Cut, the bay and South Beach, smart home features, tall ceilings, and marble floors and countertops. It was first listed for $22 million in August and reduced to $18.5 million in January, according to Redfin.

Property records show the owner paid $8.9 million for unit 7192 at 7192 Fisher Island Drive in 2007, the year the 32-unit building was completed. It also includes a custom bar, private elevator, wine coolers, fireplace, gourmet kitchen, media and family rooms, and a home office, the listing shows. The $17.5 million ask includes the private garage and cabana.

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Karla Abaunza of Luxury Living Realty is the listing agent.

Also on the market at Palazzo del Mare is unit 7153, listed earlier this year for $20 million. The five-bedroom unit is the same size as 7192 and will be completed in December, when the ask will be increased to $23 million.

This year, the first condo project to be built on the Island in close to a decade was delivered. Heinrich Von Hanau developed Palazzo del Sol, a 10-story 47-unit building, and is already working on the next: Palazzo della Luna. Katherine Kallergis