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Construction of Fisher Island began in 1919 when Carl G. Fisher, a wealthy land developer originally from Indiana, purchased the property from businessman and real estate developer Dana A. Dorsey, South Florida's first African-American millionaire. In 1925, William Kissam Vanderbilt II traded a luxury yacht to Fisher for ownership of the island.
In 1919, Dorsey was forced to sell Fisher Island to the automotive pioneer Carl G. Fisher, who was developing Miami Beach. In 1926, Fisher traded 7 acres of the island to William Kissam Vanderbilt II in return for a 200-foot (61 m) yacht. Vanderbilt's improvements led to what is today one of the wealthiest and most exclusive residential ...
Fisher, with the assistance of his partners John Graham McKay and Thomas Walkling, became involved in the real-estate development of a largely unpopulated barrier island near Miami. They invested in land and dredging, promoted deed restrictions, and provided much-needed working capital to the earlier Lummus and Collins family pioneers to ...
The first real estate bubble in Florida was primarily caused by the economic prosperity of the 1920s coupled with a lack of knowledge about storm frequency and poor building standards. This pioneering era of Florida land speculation lasted from 1924 to 1926 and attracted investors from all over the nation. [1]
"Deepdale" (1904), country estate in Great Neck, New York, on Long Island. Designed by Horace Trumbauer and Carrère and Hastings. Eagle’s Nest, Centerport, NY "Eagle’s Nest", in 1910 to 1936, at Centerport, New York, designed by Warren and Wetmore. "Alva Base" (1941), winter estate on Fisher Island, Florida [6] Consuelo Vanderbilt (1877 ...
The island of Indian Creek was said to have been created in the 1900s, due to excavation of drainage for Biscayne Bay and was an uninhabited and underdeveloped mangrove forest until 1928, when the country club and housing lots were established after a group of Midwestern businessmen bought the island as a real estate venture. [6]