Fisher island
Welcome to our new blog. We will try to offer an array of information that will impact Fisher Island's real estate market....Sales, Lease, trades, events, etc....
There has been much anticipation on island since the equity members control of the club as of January 1, 2006. The concept of the end users making club decisions for their benefit rather than the developer making club decisions solely on a business model is very exciting.
The Club has succeeded in a major issue that the develper has never resolved in overa decade. There was a small lot on the golf course (near #4 green & driving range) that until recently was owned by a non-resident from Miami.
How this was allowed in the original 1986 development is a mystery. Only on Fisher Island would the developer build the golf practice green on private property...
Your Fisher Island Blogmaster, DonnieP
Miami Herald...3/8/06
Delia Eisenberg, 87, a retired beautician, owned a 7,500-square-foot lot on Fisher Island that her late husband bought for $3,500 in 1961, when the island was undeveloped. Hold onto it, he said. It will be valuable someday.
She heeded his advice, turning down offers to sell. Fisher Island became a fancy residential community for millionaires with a hotel, spa, tennis center, marina and championship golf course called The Links.
In the late 1990s, Delia discovered that part of The Links' fourth hole was on her property.
Eisenberg sued Fisher Island Club in Miami-Dade Circuit Court -- for trespass, civil theft and unjust enrichment. She demanded $1.5 million in damages.
Attorneys Jerry Katzen and Elizabeth Katzen say the club ignored her ownership rights. ''They used it for 13 years without offering to provide her with any compensation,'' says Jerry Katzen, who is Eisenberg's nephew. Real estate analyst Michael Y. Cannon, hired by Katzen, says Eisenberg's lot ended up underneath the fourth fairway and one of its sand traps.
The club argued for dismissal, saying Eisenberg ''sat by'' while ''valuable improvements'' were made on the lot. But Circuit Judge Robert Scola ruled the club ``has committed a trespass.''
The parties just settled -- for $1.2 million. The club got title to the lot.
There has been much anticipation on island since the equity members control of the club as of January 1, 2006. The concept of the end users making club decisions for their benefit rather than the developer making club decisions solely on a business model is very exciting.
The Club has succeeded in a major issue that the develper has never resolved in overa decade. There was a small lot on the golf course (near #4 green & driving range) that until recently was owned by a non-resident from Miami.
How this was allowed in the original 1986 development is a mystery. Only on Fisher Island would the developer build the golf practice green on private property...
Your Fisher Island Blogmaster, DonnieP
Miami Herald...3/8/06
Delia Eisenberg, 87, a retired beautician, owned a 7,500-square-foot lot on Fisher Island that her late husband bought for $3,500 in 1961, when the island was undeveloped. Hold onto it, he said. It will be valuable someday.
She heeded his advice, turning down offers to sell. Fisher Island became a fancy residential community for millionaires with a hotel, spa, tennis center, marina and championship golf course called The Links.
In the late 1990s, Delia discovered that part of The Links' fourth hole was on her property.
Eisenberg sued Fisher Island Club in Miami-Dade Circuit Court -- for trespass, civil theft and unjust enrichment. She demanded $1.5 million in damages.
Attorneys Jerry Katzen and Elizabeth Katzen say the club ignored her ownership rights. ''They used it for 13 years without offering to provide her with any compensation,'' says Jerry Katzen, who is Eisenberg's nephew. Real estate analyst Michael Y. Cannon, hired by Katzen, says Eisenberg's lot ended up underneath the fourth fairway and one of its sand traps.
The club argued for dismissal, saying Eisenberg ''sat by'' while ''valuable improvements'' were made on the lot. But Circuit Judge Robert Scola ruled the club ``has committed a trespass.''
The parties just settled -- for $1.2 million. The club got title to the lot.
posted by Donnie Pingaro at 12:17 PM
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