Palazzo Della Luna on Fisher Island, a stunning seven-bedroom Miami Beach penthouse that first hit the market in June 2025 for $50 million, sold for $37.8 million on October 28, 2026.
Even at $12.2 million, or about 24% off the original asking price, the sale is the ultra-exclusive island’s second-highest ever. The island’s most record-breaking sale was a five-bedroom condo that sold for $40 million in 2021.
It was represented by the seller Sam Gaita The Corcoran Groupand represented by the buyer Andrew Holts compass.
according to South Florida Business Journalmanaged by the seller “ALJ Properties USA LLC Alicia L. Jarrett and Camilo Miguel Jr. In Miami with the same address as Mast Capital, where Miguel is the founder and CEO. The penthouse last changed hands in 2021 for $23.75 million.
Built in 2019, the 9,852-square-foot contemporary home features high-end finishes including gallery-style walls, wide-plank oak flooring, and a Boffi kitchen with dual Miele and Sub-Zero appliances. The sale is $3,837 per square meter.
Floor-to-ceiling windows surround the unit, and sliding glass walls open to 4,500 square feet of outdoor terraces with panoramic views of the Atlantic Ocean, Biscayne Bay and the Miami skyline.
The luxurious master suite features a fireplace, sitting room, dual closets and a fluted marble bath with 180-degree views.
The condo also has a 2,500-square-foot rooftop terrace for entertaining with an outdoor kitchen and private pool.
“Without a doubt, the private roof terrace with the swimming pool is the most impressive feature,” says Gaita. “This is the only ‘lower’ penthouse on Fisher Island and offers a private rooftop with a pool, a very rare feature in all of Miami.”
There are also separate staff quarters and garage parking for two cars.
“Fisher Island is an ultra-exclusive, private country club island, accessible only by boat or helicopter,” he said. “This 216-acre private island offers a private beach club, yacht club, multiple dining options, tennis, pickleball, padel, spa, and more for members and their guests only.”
Gaita said what led to the record sale was “attracting a buyer who best fits and appreciates the unique features the property has to offer.”
He also noted that its exclusive location “on a private island comparable to a country club is not something that can be easily replicated, and serious buyers understand that value.”
“Fisher Island has always attracted buyers who value privacy above all else. Sales like this put the island in the same conversation as Indian Creek Island and Star Island in terms of exclusivity,” he said.
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Kellie Speed is a contributor to Realtor.com. As a writer and editor, he has worked for a variety of online and print publications, including Inked magazine, Jetset, Westchester magazine, JustLuxe, The Boston Globe, and US Veterans Magazine. A native of Massachusetts, Kellie majored in journalism at Northeastern University, was formerly the Boston editor for Haute Living, and contributed to Avalon Publishing’s Moon Metro Boston guidebook. Kellie writes celebrity profiles and covers restaurants, travel and lifestyle.
