French perfume mogul Jean Madar is planning six spec mansions on Fisher Island, with prices ranging from $31 million to $55 million.
The homes will be part of developer Heinrich von Hanau’s 12-lot Links Estates project, according to Bloomberg. Madar Group, led by Jean Madar and his brother Alain Madar, bought the sites for $40 million, the outlet reported. The mansions will span between 8,000 square feet and 15,000 square feet, and Madar is also considering combining lots to build a larger estate with a $100 million price tag.
Jean Madar co-founded Interparfums in 1982. Today, it makes perfumes for Oscar de la Renta, Van Cleef & Arpels, Coach, Moncler, and Abercrombie & Fitch, among others, and is valued at $3 billion, according to Forbes. Forbes pegs Madar’s net worth at $1.1 billion.
Madar Group USA’s CEO David-Emmanuel Cohen told the outlet one of Madar’s spec mansions has already been presold.
Fredrik Eklund and Dina Goldentayer of Douglas Elliman are leading sales and marketing of the planned Madar mansions. Eklund emphasized Fisher Island’s privacy and security as a significant appeal to luxury buyers.
“It’s private and secure, it’s its own world,” Eklund told the outlet. “The island has such cachet and it’s starting to attract younger and international buyers.”
Fisher Island has been a magnet for wealth since its inception, and demand for homes and condos surged in the wake of South Florida’s pandemic real estate boom. It is one of the richest communities in the United States, and is only accessible by ferry, boat or helicopter. The island has its own private school and golf club, both highly coveted amenities in the current market.
Von Hanau launched sales for Links Estates in 2022 with prices starting at $33 million. He sold two of the lots to Randall and Sandra Fiorenza for $13 million that same year. Von Hanau still has two of his Links Estates spec mansions on the market, listed with Luxe Living Realty agent Dora Puig.
Links Estates isn’t the only ultra-luxury project in the pipeline on Fisher Island. Billionaire Jorge Pérez’s Related Group, billionaire Teddy Sagi, Isaac Toledanos’ BH Group and Chicago-based Wanxiang America are partners on the planned 10-story, 50-unit Six Fisher Island condos. They landed $400 million in construction financing in June, and have presold more than $500 million. Two penthouses at the project are in contract to separate buyers for $150 million.
–– Kate Hinsche