Multifamily real estate honchos buy second Fisher Island condo for $7M

The head of a multifamily real estate firm and his executive wife spent $7 million on a condo at Palazzo Del Sol on Fisher Island, next door to a unit they purchased in 2017.

Records show William Patrick McDowell and Camille Roxanne McDowell bought unit 7072 from the developer.

W. Patrick McDowell is chairman and CEO of Dallas-based McDowell Properties, and Camille McDowell is the director of asset design, according to the firm’s website. W. Patrick McDowell founded the firm in 2004. McDowell Properties has acquired over $2.5 billion in real estate assets since 2004.

The McDowells purchased unit 7071, a corner unit, at Palazzo Del Sol for $7 million in 2017.

Property records show the recently sold, 3,581-square-foot condo has three bedrooms and three-and-a-half bathrooms. The unit sold for $1,955 per square foot after 933 days on the market, according to condo.com. Dora Puig of Luxe Living Realty represented both sides of the deal.

Palazzo Del Sol is a 10-story, 46-unit condo building developed by the Heinrich von Hanau-led PDS Development in 2016. It was designed by Kobi Karp.

Fisher Island ranks as the wealthiest zip code in the country, and has been home to many celebrities in the past. In February, tennis champ Caroline Wozniacki sold her unit for $16.3 million, and a condo once owned by Oprah Winfrey sold last year for $20 million.