Fisher Island, America’s wealthiest ZIP code (33109), has a condominium up for auction this month — for the first time ever.

The Floridian paradise’s first auction on July 16 for a property that has been listed for $23.9 million. The massive five-bedroom, five-and-a-half bathroom condominium boasts 8,200-square-feet of living space and a 4,200-square-foot wraparound terrace on the ground floor of the nine-floor Villa Del Mare.

“On Fisher Island, the sales market is generally very efficient, and sellers with loftier listing prices can frankly sit and wait as long as they wish for a buyer. In this case, this seller owns more luxury property than he feels he currently needs or uses, and prefers to move the Fisher Island property expeditiously,” explained Trayor Lesnock, president and founder of Platinum Luxury Auctions, the Miami-based auction company that is hosting the auction next week.

The condo was originally built in 1992. Its current owner bought the property in 2017 for an undisclosed amount.

Lesnock compared Fisher Island to Disney World for its hospitality.

According to the property listing, the island boasts a club so exclusive, it asks a $250,000 entry fee, plus more than $25,000 in annual fees. For the high price of residence and membership, members get access to a private beach — with sand imported from the Bahamas — an aviary with exotic birds, an observatory, a nine-hole golf course (for an extra $4,000 fee), a pool hall, almost 20 tennis courts and two deep-water marinas, according to the property bid brochure.

Residents also pay over $28,000 a year in dues to the homeowners association, which goes toward the 24/7 ferry service, private security and upkeep on the seawall that keeps Fisher Island safe from erosion. And utilities cost more than $6,400 per month to cover insurance, maintenance, landscaping, WiFi and cable, according to the property bid brochure.

“Fisher Island offers its residents unparalleled privacy and security while providing all the luxurious amenities you can imagine,” wrote Karla Abaunza, the property’s listing agent.

‘Living on the open water’

The property underwent a complete renovation in February 2020. The condo boasts a 1,500-bottle wine cellar, a wine-tasting room, an EcoSmart fireplace, a breakfast nook, a fitness center, an office, five walk-in closets and large french doors that offer endless views of the ocean.

“When you walk in, it’s this big, beautiful, light, airy space. And you can look right through the property to your huge terrace and all of this blue. You get that relaxing feeling of ‘OK, I’m home. I can turn the phone off now and relax.’ That’s a hard thing to accomplish, for a property to create that sense,” said Lesnock.