Fisher Island developer sells two units for over $40M

The 50-unit Palazzo Della Luna was recently completed and just started closings

From left: Palazzo della Luna and Palazzo del Sol
From left: Palazzo della Luna and Palazzo del Sol

UPDATED: Sept. 14, 9:00 a.m.: Fisher Island developer Heinrich von Hanau sold two luxury condo units on the exclusive island for a combined price of just over $40 million this week.

S&M Real Estate Empire LLC, which is managed by Joy Weaver, paid $23 million for unit 6801 at Palazzo della Luna. The four bedroom-penthouse has 6,794 square feet, according to its website. The sale equates to $3,385 per square foot.

Earlier this week, Seabreeze Trust, which lists attorney Elaine M. Bucher as trustee, bought 7095 at Palazzo del Sol for $17.15 million.

Dora Puig, broker and owner of Luxe Living Realty, represented the developer in both deals.

The 10-story Palazzo Del Sol has 43 units on ritzy Fisher Island, which is consistently ranked as America’s wealthiest zip code. The island can only be reached by ferry, boat or helicopter.

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Palazzo Del Sol was completed in 2016 as the first condominium project to be built on the island since 2007. The tower was designed by Kobi Karp, with landscaping by Enzo Enea. The 50-unit Palazzo Della Luna was completed this year and just started closings. It was also designed by Karp.

Other residents at Palazzo Del Sol include billionaire and former Hasbro CEO Alan Hassenfeld, Yard House founder and CEO Steele Platt, and former Formula One driver Enrique Bernoldi.

In December, PDS Development secured a $50 million bridge loan to finance its two luxury Fisher Island condominium projects.

Correction: A previous version of this story misrepresented how many units are at Palazzo Della Luna.