Editor's Note: Fisher Island real estate expert Elena Bluntzer gives her insight about the luxury real estate market and things to do on the exclusive island during March.
Photo Credit: One Sotheby's International Realty, Inc
How has the luxury real estate market in Fisher Island been performing so far in 2020?
It has been performing very well. Luxury real estate has been better than expected, considering how much high-end product there is available. What is selling are units that are well-priced that have either been totally or mostly renovated. Because it’s still a buyers’ market, buyers have been going into contracts and closing quickly on the best opportunities.
Photo Credit: One Sotheby's International Realty, Inc
What are buyers looking for in their homes on Fisher Island in 2020?
Renovated units that have contemporary décor. That means the best high-end finishes, such as Italian kitchens, porcelain or wood floors; smart units; the best views. As far as size, buyers are purchasing units that have a minimum of three bedrooms.
Photo Credit: One Sotheby's International Realty, Inc
Which has been a highlight sale for you so far in 2020?
I just closed on Unit 5012 Fisher Island Drive. It sold for $6,795,000, a 6,500 square feet ($1,045 per sq ft) condo.
Are there any new restaurants or other spots on Fisher Island you’ve been loving lately?
We did a beautiful renovation of two of the social areas of the Vanderbilt Mansion. The Snooker Club, which is the after-hours bar/lounge exclusive to equity members, just got a full renovation. The Drawing Room in the Mansion was also renovated and is where members can enjoy afternoon tea and champagne.
Photo Credit: Courtesy of Elena Bluntzer
What is a new and fun activity on Fisher Island?
The Racquet Club recently added pickleball, the fastest-growing sport in the nation, to its list of racquet sports, building four pickleball regulation courts. This is a sport that can be played by all ages with no experience necessary.
