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7042 Fisher Island Dr #7042, Miami Beach, FL, 33109

3beds
4baths
3,581sqft
$12,200,000
$3,407price/sqft
$77,820/moest. monthly cost
$3,112,800/yrincome needed

About This Home

This elegant and modern unit in Palazzo Del Sol is stunning with 5-Star amenities. The beautiful 3,793 SF unit features 3BR/3+1BA and boasts, 2 large terraces: w/open views to Government cut, and Miami Beach, views over Fisher Island. Open living/dining room layout, large family room, tan oak floors, custom wallpaper, wood and Calacatta Marble accented walls. Eat-in gourmet kitchen sports top of the line Gaggenau and Sub-Zero appliances, granite counter tops/backsplash. The private master suite offers direct terrace access and water views, separate his/her walk-in closets and all 3 bathrooms have beautiful Carrara Marble, master bath with walk-in glass-marble rain shower and oval tub. Other 2 BRs with en-suite bathrooms and shared terrace w/views of Fisher Island. Residents enjoy an unparalleled lifestyle with world-class amenities, including the exclusive Aperitivo Coffee Bar, offering complimentary breakfast, daytime light bites, and evening aperitivo while overlooking the yachts and the iconic Government Cut. These exceptional dining offerings are included as part of the maintenance fees, providing an effortless resort-style living experience.

Getting Around

57
WalkingSomewhat Walkable
34
TransitSome Transit
49
BikeSomewhat Bikeable

Schools

9/10
5/10
Nautilus Middle SchoolGrades 6-83.6 mi
5/10

Construction

Condition

  • Year built: 2016

Materials

  • Construction materials: CBS Construction

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Microwave,Other,Refrigerator,Washer

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1

Features

  • Entrance Foyer,Other
  • Door features: High Impact Doors
  • Window features: High Impact Windows
  • Flooring: Other,Wood

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total structure area: 3,581
  • Total interior livable area: 3,581 sqft

Property

Details

  • Parcel number: 0242100180120
  • Attached to another structure: Yes
  • Other equipment: Other

Features

  • Entry location: Foyer
  • Pool features: Association
  • Exterior features: Balcony
  • Has view: Yes
  • View description: Bay,Intracoastal View,Other
  • Has water view: Yes
  • Water view: Bay,Intracoastal View
  • On waterfront: Yes
  • Waterfront features: Intracoastal Front,Bay
  • Frontage type: Bay/Harbor

Lot

  • Features: East Of Us1

Parking

  • Total spaces: 2
  • Parking features: 2 Or More Spaces,Covered
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Coastal Flooding
    Coastal FloodingRelatively High
  • Hurricane
    HurricaneRelatively High
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Hurricane
Heat Wave
Lightning
Tsunami

FEMA Declared Disasters in Miami-Dade County and Florida

Flood
Hurricane
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $61,689$740,268
Home Insurance *$323$3,876
Property Taxes $15,448$185,376
Electricity $360$4,324
Total$77,820$933,840
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$2,668,114/yr
40% on housing$2,334,600/yr
45% on housing$2,075,200/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.8%
7.8%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 3.3%
3.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$3,407This listing

vs Other Active Listings

Avg $/sqft

ZIP 33109$2,965
Miami-Dade County$639

vs Homes Sold Last Month

Median $/sqft

ZIP 33109$2,100
Miami-Dade County$404

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-06Listed for sale$12,200,000
2020-03-16Sold$6,100,000
2017-09-29Sold$6,500,000

For Sale by Agent

AgentRoberta Tazzini
BrokerageBHHS EWM Realty

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