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

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

Aug.August 30, 2016 12:45 PM

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

Related Articles

From left: Michael and Suzanne Ainslie with 202 Plantation Road and Ron Terwilliger (Credit: Getty Images and Redfin)

Ex-Lehman Brothers director sells Palm Beach home to retired Trammell Crow CEO

Daily Digest Miami

Antonio Brown gives deposition for allegedly damaging Sunny Isles condo, Baptist plans senior living in Coral Gables: Daily digest

Robert Matthews and Palm House Hotel

Embattled Palm House developer Robert Matthews agrees to federal securities charges

Ken Griffin over the island of Palm Beach

Inside billionaire Ken Griffin’s massive Palm Beach holdings

Collage of Ken Griffin’s properties and Ken Griffin

Ken Griffin’s many many mansions: Billionaire’s latest is a $99M Palm Beach estate

Robert Matthews and the Palm House Hotel (Credit: NAIOP)

Palm House Hotel developer will use taxpayer money to pay legal bills: report

Daily Digest Miami

Stephen Ross steps down from NFL committee post-fundraiser backlash, drama at Regalia: Daily digest

Steve Wynn and 1960 South Ocean Boulevard (Credit: Sotheby's and Getty Images)

Disgraced casino mogul Steve Wynn drops $43M on Palm Beach estate