Notable residents include Hasbro Toys CEO Alan Hassenfield, who bought an $8.2 million condo in Palazzo del Sol, Yard House founder and former CEO Steele Platt, and tennis player Caroline Wozniacki and her fiancé, former NBA player David Lee, who paid $13.5 million for a condo at Palazzo Del Sol.
Oprah Winfrey, Mel Brooks, and tennis star Boris Becker have also owned homes on the island.
Miami-Dade county real estate broker Dora Puig told me people move to the island for three main reasons: privacy, security, and the amenities.
"They have everything on the island: eight places to dine, golf, tennis," she said. "Probably one of the best tennis centers in the city. Two amazing marinas. So we cover a lot of ground."