F
isher Island, once a haven for retirees, has undergone a dramatic transformation into a vibrant hub for younger generations. According to Nick Pérez, president of Related's Condominium Division, the island is now attracting a younger demographic, with many buyers in their 30s and 40s purchasing properties.

    The shift can be attributed to the island's exclusive amenities, including a private club, deep-water marina, updated wellness facilities, and trendy new cafes. The 216-acre island also boasts a ritzy independent day school and an array of racquet sports. Six Fisher Island, a new condo development by Related Group and partners, is driving investment frenzy with its luxurious units ranging from $15.45 million to $31.65 million.

    Designed by Kobi Karp Architects and Tara Bernerd & Partners, the 10-story project features just 50 units, each spanning between 4,000 to 15,000 square feet. The development has already generated over $500 million in sales, with two penthouses selling for a combined $150 million. Douglas Elliman is handling sales, which currently include a three-bedroom unit asking $15.45 million and a five-bedroom unit priced at $31.65 million.

    The island's exclusive nature is also attracting big spenders to The Mansions at Fisher Island, six single-family estates now available for purchase from $31 million to $55 million. This project marks a change in the island's zoning, which previously allowed only a handful of single-family parcels. With no more developable land on the island, these mansions are likely to be highly sought after by buyers seeking a luxurious lifestyle.