Oprah Sells Fisher Island Condo

Oprah sold her beautiful two bedroom Fisher Island condo in Seaside Village for a reduced price but still saw incredible gains. While Oprah doesn’t necessarily have to worry about finances, she made an incredible real estate investment on her Fisher Island condo showing sound real estate investment practices and real estate investment savvy. She originally purchased the home in 1996 for $660,000, after keeping the condo for over ten years and maintaining it well the value of the property more than doubled to around two million dollars. It eventually sold last month for around 1.7 million and while the new owners got a great deal on this condo, Oprah came out with over one million dollars worth of profit from her initial investment.

Oprah shows the value of Fisher Island real estate and long term property ownership. Oprah not only purchased a condo well within her affordability, but she also owned it long enough for the property value to appreciate to a very nice profit. The condo is a beautiful waterfront condo with two bedrooms, two bathrooms and a spacious balcony. The condo also comes with wood and marble floors, high ceilings, floor-to-ceiling sliding glass doors, custom wood built-in flat screen TV and beautifully elegant tropical designs. Seaside Village amenities include 24-hour security, heated swimming pools, fitness center, sauna, reserved parking spaces.