Real Estate
Posh Miami Island Lures French Developer Planning Six Mansions
- Madar Group’s homes will range from $31 million to $55 million
- Single-family properties are rare in the exclusive enclave
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Miami’s exclusive Fisher Island is slated to get six new mansions selling for as much as $55 million after a French developer snapped up more than $40 million worth of plots.
Madar Group, run by French perfume mogul Jean Madar and his brother Alain, is selling the homes before they’re built. Prices start at $31 million and sizes will range from about 8,000 to 15,000 square feet (743 to 1,394 square meters). The developer may consider combining lots to build a larger estate with a $100 million price tag.