Co-owner of NBA and NHL teams sells Fisher Island condo

The unit traded for $5.95M, a slight decline from its $6.1M sale in 2005

TRD MIAMI /
Feb.February 24, 2020 04:30 PM
7600 Fisher Island Drive and Raul Fernandez

7600 Fisher Island Drive and Raul Fernandez

A co-owner of the Washington Wizards and Washington Capitals sold his Fisher Island condo at a slight discount from its purchase price in 2005.

A company managed by Raul Fernandez sold the 4,449-square-foot unit at 7600 Fisher Island Drive for $5.95 million to Fisher Paradise LLC, which is tied to Jeremie Urbain of Aventura. The sale equates to $1,337 per square foot.

The condo, unit 7671, has five bedrooms and five bathrooms. The property was last purchased for $6.1 million in 2005, records show.

Fernandez is vice chairman and owner of Monumental Sports & Entertainment, which owns parts of the WNBA’s Washington Mystics, the NHL’s Washington Capitals and the NBA’s Washington Wizards. Fernandez is also a limited partner in General Atlantic Partners, a growth equity firm with more than $35 billion under management, according to Fernandez’s LinkedIn.

Ritzy Fisher Island is consistently ranked as America’s wealthiest zip code and can only be reached by ferry, boat or helicopter.

With limited options for new development, condos on the island command high prices. PDS Development, led by Heinrich von Hanau, completed the 50-unit Palazzo Della Luna on the Island last year. A unit at the luxury condo development sold in September for $17 million.


Related Articles

arrow_forward_ios
Map of priciest condo sales and Palazzo Del Sol (Credit: Google Maps and Douglas Elliman)

$12M Fisher Island closing tops weekly condo sales in Miami-Dade

$12M Fisher Island closing tops weekly condo sales in Miami-Dade
Fisher Island (Credit: Fisher Island)

Nation’s richest ZIP code received a $2M PPP loan. Residents voted to reject it

Nation’s richest ZIP code received a $2M PPP loan. Residents voted to reject it
Map of priciest condo sales and Bayview Fisher Island (Credit: Google Maps and The Luxury Team)

Miami’s weekly condo sales drop sharply amid coronavirus fears

Miami’s weekly condo sales drop sharply amid coronavirus fears
Map of priciest condo sales and Oceanside unit 7671

Fisher Island sale trumps all Miami condo sales last week

Fisher Island sale trumps all Miami condo sales last week
Map of priciest condo sales and Palazzo Del Sol unit 7074 (Credit: Google Maps)

$10M closing on Fisher Island tops week’s condo sales

$10M closing on Fisher Island tops week’s condo sales
Map of priciest condo sales and Jade Signature unit 1503 (Credit: Google Maps)

These were the 10 most expensive condo sales last week

These were the 10 most expensive condo sales last week
Map of priciest condo sales and Bal Harbour 101 Condo #1110

These were the 10 most expensive condo sales last week

These were the 10 most expensive condo sales last week
Power struggle between Fisher Island association’s directors ignites lawsuit

Power struggle between Fisher Island association’s directors ignites lawsuit

Power struggle between Fisher Island association’s directors ignites lawsuit
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...