Posh Miami Island Lures French Developer Planning Six Mansions.

A French developer, Madar Group, has purchased over $40 million worth of plots on Miami's Fisher Island to build six new mansions priced up to $55 million each. The homes, ranging from 8,000 to 15,000 square feet, are part of a larger development known as Links Estates. Fisher Island, accessible only by ferry, is an exclusive enclave with limited space, attracting wealthy buyers seeking privacy and security. The real estate boom in Miami has led to increased interest in the area, with younger and international buyers showing interest in the luxury properties on the island. [Extracted from the article]