Fisher Island is an ultra-exclusive private island community located in Miami Beach, Florida (ZIP 33109), accessible only by private ferry or helicopter. Established as a residential enclave, it operates under the master association known as the Fisher Island Community Association (FICA), which oversees island-wide infrastructure, security, transportation, and common areas.
HOA Fees and Financial Obligations
Residents pay building-specific condo or villa HOA fees that typically range from $12,452 to $47,000 annually (average around $23,470 for condos), plus a significant master FICA assessment currently listed at approximately $53,378 per year. Some sources note per-square-foot costs around $1.15 for building HOAs plus an additional $0.60–$0.85 from FICA. Optional but highly recommended equity membership in the Fisher Island Club carries a $350,000 initiation fee plus annual dues of $19,260–$25,520. These fees cover extensive services including security, ferry operations, landscaping, utilities in common areas, reserves, and access to island amenities. Property taxes are separate through Miami-Dade County.
Rules and Regulations
FICA maintains strict rules detailed in official documents (updated as of 2022), covering vehicle access (golf carts must be electric and registered), speed limits (19 mph), pet restrictions (no pets on beaches), contractor/vendor access fees, parking, and use of the transportation system (ferry). Common areas are for non-exclusive resident use with potential time limits and fees. Club rules further restrict pets in dining areas and outline membership privileges.
Community Amenities and Lifestyle
The island offers resort-style living with a private beach club, 9-hole golf course, 17+ tennis courts (multiple surfaces), full-service spa and fitness center, multiple marinas, fine dining venues, and the historic Vanderbilt Mansion. Daily life includes on-island services like a market, clinic, and security. The lifestyle emphasizes privacy, exclusivity, and luxury with limited vehicle access—most movement is via golf carts or the ferry.
Notable Aspects
Fisher Island consistently ranks among the wealthiest zip codes in the U.S. It features private ferry service, high-end security, and a tight-knit community of luxury residences ranging from condos to single-family estates. Recent renovations include updates to the golf course.
Management Company: Fisher Island Community Association (FICA) / Marquis Association Management (Associa) Phone: (305) 604-2346 (FICA); (305) 367-9160 (Marquis main); (305) 615-1486 (Fisher Island office) Email: Details not publicly available (use contact forms on official sites) Website: https://www.fisherislandfica.com/ ; https://www.marquishoa.com/ Address: 1 Fisher Island Drive / 40306 Fisher Island Drive, Fisher Island, FL 33109