The story of this market
The typical home in ZIP 33109 sells for about $549,900, or $386 per square foot.
Prices are roughly flat from a year ago (+0.7%), a market in balance. Homes take about 68 days to sell, which is slow.
This ZIP has no home sales of its own, so its market figures come from Miami-Dade County, Florida (county-level). Population, rents, hazards, lending and amenities are this ZIP's own readings.
ZIP 33109 — Miami Beach
The Fisher Island market is a highly exclusive, low-volume niche where median prices have surged significantly year-over-year. Market activity is driven by ultra-luxury demand, with long days on market reflecting the specialized nature of these high-value assets rather than a lack of buyer interest.
This ZIP is for ultra-high-net-worth individuals, seasonal residents, and investors seeking extreme privacy, security, and exclusive resort-style amenities in a gated island environment.
Median prices moved up 0.7% year over year.
Homes spend a median of 68 days on market with 15.5 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 93.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.0% · poverty 3.6% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 33109, Miami-Dade County, FL
Fisher Island is a private island community with significant exposure to coastal storm surge and hurricane-related wind risks, necessitating specialized high-value property insurance.
Development is largely constrained by the island's geography, focusing on luxury residential maintenance and high-end amenity upgrades rather than large-scale expansion.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Florida) — Statewide Uniform Property Tax Lien Priority & Tax Deed Sale Enforcement: Unpaid real ad valorem and non-ad valorem taxes become a first-priority sovereign lien on January 1 of the tax year, superior to all mortgages and private liens. If unpaid by April 1 following the tax year, tax certificates are sold via competitive bidding under § 197.432. State (Florida) — Community Development District (CDD) Special Assessment & Financing Lien Mandate: Binds the parcel to non-ad valorem assessments levied directly by the CDD board to fund infrastructure bonds (capital assessments) and operations/maintenance (O&M assessments). State (Florida) — Florida Constitutional Homestead Exemption & Save Our Homes (SOH) Assessment Cap: Reduces taxable value by up to $50,000: base $25,000 exemption applies to all taxing authorities (including school districts); second $25,000 exemption applies to assessed value between $50,000 and $75,000 for non-school millage. State (Florida) — Florida Ad Valorem Real Property Assessment & Tax Mechanics: Parcels are assessed annually at 100% just value (market value) as of January 1 by county property appraisers. Tax formula: Tax Bill = (Taxable Value / 1,000) * Total Levied Millage Rate. Assessed Value = Just Value - Assessment Limitations.
Access to the mainland is exclusively via a private ferry service, which connects residents to the Miami Beach and downtown Miami employment cores.
The ZIP is entirely contained within the private Fisher Island Club, which features a golf course, tennis center, marina, private beaches, and exclusive dining facilities.
The rental market is characterized by ultra-luxury, short-term and seasonal high-end leases with very low turnover and high price points.
The local economy is driven by the private management of the Fisher Island community and the high-net-worth residential sector.
Transportation is limited to private ferry access and internal golf cart transit.
No major public development pipelines are reported due to the private, gated nature of the island.
Miami-Dade County Property Appraiser manages assessments; properties are subject to Florida's Save Our Homes assessment caps for primary residences.
Parcels are subject to Miami-Dade County municipal services and specific island-based community development assessments.
High-value coastal property insurance is required, with premiums heavily influenced by hurricane and flood risk profiles.
Florida is a judicial foreclosure state requiring court intervention for the foreclosure process.
Florida law requires sellers to disclose known material defects that affect the value of the property.
Data sourced from PropertyShark and US Census estimates.
- Jungle Island4.13.3 mi
- Paradox Museum Miami4.84.8 mi
- Dave & Buster's Hollywood4.119.7 mi
- Tidal Cove4.214.2 mi
- Christmas Wonderland - Miami3.511.7 mi
- Hard Rock Stadium4.615.4 mi
- Bayside Marketplace4.53.5 mi
- Kaseya Center4.73.7 mi
- Wynwood Walls4.75.1 mi
- LoanDepot Park4.55.5 mi
- Bayside Marketplace4.53.5 mi
- Wynwood Walls4.75.1 mi
- Vizcaya Museum & Gardens4.74.8 mi
- Bayfront Park4.73.5 mi
- Phillip & Patricia Frost Museum of Science4.43.9 mi
- Wynwood Walls4.75.1 mi
- Vizcaya Museum & Gardens4.74.8 mi
- Phillip & Patricia Frost Museum of Science4.43.9 mi
- MUSEUM OF ICE CREAM4.64 mi
- Pérez Art Museum Miami4.53.8 mi
- Wynwood Walls4.75.1 mi
- Bayfront Park4.73.5 mi
- Tropical Park4.712 mi
- South Pointe Park Pier4.80.6 mi
- Fairchild Tropical Botanic Garden4.810.2 mi
- Bayside Marketplace4.53.5 mi
- Black Point Park and Marina4.619.2 mi
- Miami Beach Marina4.71.1 mi
- Dinner Key Marina4.56.6 mi
- Venetian Marina & Yacht Club4.63.9 mi
- Normandy Shores Golf Course4.57 mi
- Riviera Country Club4.79 mi
- Miami Shores Country Club4.48.2 mi
- Puttery4.85.2 mi
- Crandon Golf at Key Biscayne3.63.1 mi
- Brickell City Centre4.73.7 mi
- Bayside Marketplace4.53.5 mi
- Dadeland Mall4.612 mi
- Bal Harbour Shops4.79.1 mi
- Mall of The Americas4.411.8 mi
- Miami International Airport3.99.5 mi
- Miami-Opa Locka Executive Airport4.613.5 mi
- Fort Lauderdale Executive Airport4.530.8 mi
- Miami Executive Airport4.519.8 mi
- Banyan Air Service4.730.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Includes golf, tennis, and marina facilities.
Exclusive beach access for residents.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass. Coherence hold-out: this pass's median price ($9,263,966) sat outside the 0.25–4× band around Miami-Dade County's retained level and was not stored. Coherence hold-out: this pass's median rent ($29,000) sat outside the 0.25–4× band around Miami-Dade County's retained level and was not stored.