Neighborhood · Miami, Florida
Fair Isle
Waterfront living at Miami's most exclusive address
31
Homes for sale
$6,500,000
Median list price
$1,746
Avg price / sqft
73
Median days on market
Fair Isle is a small, water-wrapped enclave in Miami where nearly every home faces Biscayne Bay and the lifestyle is built around dock access, open water, and privacy. This is a place for people who want a boat in the backyard and the skyline of Downtown and Brickell as their evening view — quiet streets, big lots, and a sense of removal from the density just minutes away.
The market here is unapologetically high-end. Of the 31 active listings, all are waterfront and 30 are priced above $1M, with a median list price of $6.5M and prices climbing to $23.5M. Buyers should expect to compete for scarce inventory, though homes sit an average of 73 days and sellers land about 94% of asking — meaning there's room to negotiate on the right property. Compare it against the broader Miami homes for sale or study the current spread on the live map.
Fair Isle is a community in Miami, Florida.
Quick facts
$975,000 – $24M price range
2,556 sqft median home
$15,500/mo median rent
23 sold in 12 months
On the market now
Homes for sale in Fair Isle
View all 31 →
$2,700,000
3 Grove Isle Dr # C1610, Miami FL 33133, MIAMI
3 bd · 2.5 ba · 2,424 sqft
$1,485,000
2 Grove Isle Dr # B205, Miami FL 33133, MIAMI
2 bd · 2 ba · 1,882 sqft
$1,700,000
3 Grove Isle Dr # C803, Miami FL 33133, MIAMI
2 bd · 2 ba · 1,882 sqft
$6,950,000
5 Grove Isle Dr # L404, Coconut Grove FL 33133, COCONUT GROVE
3 bd · 3.5 ba · 2,503 sqft
$6,500,000
5 Grove Isle # L405, Miami FL 33133, MIAMI
3 bd · 3.5 ba
$3,050,000
3 Grove Isle Dr # C502, Miami FL 33133, MIAMI
3 bd · 2 ba · 2,398 sqft
$21,300,000
5 Grove Isle Dr # L05, Coconut Grove FL 33133, COCONUT GROVE
4 bd · 5.5 ba · 7,027 sqft
$1,499,000
3 Grove Isle Dr # C307, Miami FL 33133, MIAMI
2 bd · 2 ba · 1,882 sqft
$3,600,000$3,764,000
3 Grove Isle Dr # C605, Miami FL 33133, MIAMI
3 bd · 3.5 ba · 3,764 sqft
$2,695,000
3 Grove Isle Dr # C410, Miami FL 33133, MIAMI
3 bd · 2.5 ba · 2,424 sqft
$2,300,000
, MIAMI
2 bd · 2 ba · 1,882 sqft
$7,500,000
2 Grove Isle Dr # 802, Miami FL 33133, MIAMI
6 bd · 4.5 ba · 5,012 sqft
Every active listing inside the Fair Isle boundary
Open full map search →Find your fit
Browse Fair Isle
By feature — on the live map
Where the market lives
The numbers that matter
The Fair Isle market
23
Sold, last 12 months
$1,680,000
Median sold price
94%
Sale-to-list ratio
What sellers actually get vs asking
131 days
Median time to sell
Fair Isle vs Miami
Median list price
Price per sqft
Days on market
Median sold price — 3-yr, 3-mo rolling
▼ 20.9% yr/yr
Homes sold per month
Live Stellar MLS data — every listing and closed sale inside the Fair Isle boundary. Rolling medians smooth single-month swings in small communities.
For the school run
Schools Fair Isle is zoned for
Attendance boundaries overlapping this community — always verify zoning with the district.
What it really costs
Owning here
Owning the median Fair Isle home
≈ $36,088/mo
$6,500,000 median · 20% down · 30-yr fixed at 6.9% · taxes/HOA from live listing data · insurance is a Florida estimate.
$15,500/mo
Median rent
Homes for rent inside the boundary
Population
635
Median age
57
Median income
$210,278
Median home value
$1,415,800
Beyond the listings
Living in Fair Isle
Relationships
Dating Life
With dating comes highs, lows, and lots of questions. You can find this population talking about dating advice, breakups and how to express their feelings.
Lifestyles
Wealth Signaling
Interested in the finer things life has to offer, this population wants to display their lifestyle by discussing luxury products. Often references jewelry, cars, and home features.
Beliefs
Mindfulness & Spirituality
Seeking peace and well-being through meditation, gratitude and spirituality.
Entertainment
Party Life
The party don't stop until the sun comes up. Loud music, crowds, and shots are a recipe for a great night out for these people.
Beliefs
Activism
This population seeks to advocate for a more just world. Common activities include protests, rallies, and spreading awareness to the public about social justice issues.
Attitudes
Deal Seekers
These people are hunting discounts, contests, and promotions. The population loves a good sale, and they can't wait to share their bargain finds and winnings with friends and family.
Straight answers
Fair Isle FAQs
Is Fair Isle a good place to live?+
If you want waterfront living with a boat at the dock and the Miami skyline in view, it's hard to beat — every one of the 31 active listings is on the water. It's a quiet, low-density enclave that still sits minutes from the energy of Brickell and Downtown. The trade-off is exclusivity: this is a small market that rewards buyers who know exactly what they want.
Is Fair Isle expensive?+
Yes — it's one of Miami's premium waterfront addresses, with a median list price of $6.5M and 30 of 31 active listings priced above $1M. The average price per square foot runs about $1,746, well above most of the metro. Even the entry point starts near $975,000, so this is firmly a luxury market.
What do homes cost in Fair Isle?+
Active listings range from $975,000 to $23.5M with a median list price of $6.5M, while homes that actually sold over the last 12 months closed at a median of $1,680,000. The gap reflects a mix of ultra-high-end estates and more attainable waterfront properties. You can track the full range on the live map.
How is the market in Fair Isle right now?+
It's a slower, deliberate luxury market — 25 homes sold over the past 12 months, and listings sit a median of 73 days before going under contract. Sellers are getting about 94% of asking on average, which signals there's genuine room to negotiate. With only 31 active listings and 15 of them new construction, inventory is limited but fresh.
What about HOA fees and property taxes?+
HOA data isn't reported for Fair Isle, so most homes here are not tied to a community association fee. Property taxes run a median of about $19,568 per year, in line with the high home values. If you're weighing a rental instead, the median asking rent is roughly $15,000 per month.
Keep exploring
More Miami neighborhoods
Neighborhood boundary by edgeAI; listings matched to the polygon. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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