For the first time in two years, Miami’s ultra-exclusive Fisher Island is no longer home to the nation’s most expensive ZIP code.
Fisher Island’s 33109 has been overtaken by Atherton, California’s 94027, which serves an exclusive Silicon Valley enclave where an explosion of AI wealth has fueled a new luxury real estate boom, according to PropertyShark.com and Bloomberg.
The change underscores how the sources of America’s wealth are shifting. South Florida’s luxury market has been powered largely by hedge fund managers, private equity executives, corporate relocations and billionaires such as Ken Griffin, Jeff Bezos and Carl Icahn, whose moves to Miami-Dade helped drive up the area’s record-breaking home prices…