Who Lives on Star Island Miami?

Star Island is one of the most exclusive and affluent neighborhoods in Miami. Known for its luxurious homes, private beaches, and breathtaking waterfront views. This elite community is home to some of the most influential and successful people in the world, including celebrities, entrepreneurs, and business magnates.

But exactly who lives on Star Island Miami?

Well, I decided to take a closer look at some of the most notable residents of Star Island. Most of them are multimillionaires, so can afford to live pretty much anywhere they like.

I’m also going to talk a little about the kind of splendid bliss they enjoy.

So, join me on a little daydreaming trip. Starting with…

The History of Star Island Miami

Star Island Miami was created in 1922 by the Army Corps of Engineers. They actually manufactured this floating paradise by dredging and filling the land to create a man-made island. The island was developed as a haven for influential individuals, and the first house on the island was built in 1924.

And you’ve probably guessed what’s behind the name…

The island was named “Star Island” by developer Carl Fisher, who was inspired by the famous stars who almost immediately bought all of the property there. It has since remained a private and gated community with only 34 homes and fewer than 1000 residents.

So, Who Lives on Star Island Miami?

The residents of Star Island Miami include billionaires, entrepreneurs, celebrities, and sports stars.

 Some of the most notable Star Island homeowners include…

Gloria Estefan

Ms. Gloria Estefan is a Cuban-American singer, songwriter, actress, and businesswoman who has sold millions of records worldwide. She is one of the most successful Latin artists of all time. In fact, she’s won numerous accolades, including seven Grammy Awards. 

Gloria Estefan and her husband, Emilio Estefan, recently sold their former Star Island home to Sean Love Combs (P. Diddy). However, they bought a new one on the same island, right after the sale!

So they don’t just live there, they home hop!

Jennifer Lopez

Also known as JLo, Jennifer Lopez is an American singer, actress, dancer, and producer. She has sold over 70 million records worldwide. JLo is another one of the most influential Latin artists in the entertainment industry and has won numerous awards, including two Golden Globe Awards. 

Lopez owns a stunning Mediterranean-style mansion on Star Island. The property spans a large area and boasts a gorgeous swimming pool, a spa, a guest house, and a boat dock. For those days, she wishes to avoid the paparazzi by taking to the seas.

Oh no, wait, that’s where the paparazzi often catch her in her latest breathtaking bathing suit!

Lisa Hochstein

Lisa Hochstein is a Canadian-born model, television personality, and entrepreneur who rose to fame as a cast member of The Real Housewives of Miami. She is known for her glamorous lifestyle and her love of luxury. 

Ms. Hochstein owns a magnificent waterfront mansion on Star Island, which she purchased with her husband (now her ex) for $7.6 million in 2012.

Philip Frost

An American billionaire businessman and investor, Philip Frost, has made his fortune in the pharmaceutical industry. He is the former CEO of IVAX Corporation, which he sold to Teva Pharmaceutical Industries for $7.4 billion in 2006!

A very wealthy individual, Frost’s property is one of the largest on the island and boasts several impressive features. Some of these include a magnificent swimming pool, an expansive outdoor area, and, you guessed it, a boat dock.

Let’s talk a little more about…

The Design and Features of Star Island’s Homes

The homes on Star Island are known for their grandeur and opulence. Many of them feature extravagant amenities such as gigantic pools, home theaters, boat docks completed with high-end boats, and stunning views of Biscayne Bay. However, every home on the island ranges in style and design, from modern and contemporary to classic and traditional.

Moreover, many of the abodes on the island have been designed by some of the world’s most renowned architects and designers, including Charlotte Dunagan, Thomas Diverio, Francisco Llado Neuffer, Francisco Llado, and Robert Moehring.

The Cost of Living on Star Island

Of course, living on Star Island comes with a hefty price tag, with homes on the island selling for many millions of dollars. Currently, the median sale price for a home on Star Island is over 10 million US dollars.

The high cost of living here is due, in part, to its exclusivity and the limited number of homes available for sale. Plus, many of these homes are owned by wealthy individuals and families that have held onto them for decades. So, those wanting ‘an in’ need to pay exorbitant fees to join this privileged community.

Star Island FAQs

Is Star Island open to the public?

Yes, sometimes. While Star Island is a private, gated community, members of the public are sometimes allowed to drive through it to view the homes of their favorite celebrities.

How do you become a resident of Star Island?

Becoming a Star Island resident requires purchasing a home on the island, which, of course, is a multi-million dollar investment.

What is the culture of Star Island like?

Star Island’s culture can very simply be characterized by luxury, exclusivity, and celeb-friendly splendor. The island’s residents value their privacy but are known for their love of opulence and extravagance.

So, you’re allowed to look at them with envy, but only with their permission…

What impact has Star Island had on the Miami community?

Star Island has had a significant impact on the Miami community, driving up real estate prices and attracting new development. However, what some don’t know is that the island has also been a source of philanthropy and community service, with many of its residents contributing to charitable causes and supporting the arts.

Ok, now we love the Star Island celebs again…

Are there any famous landmarks or attractions on Star Island?

Star Island itself is considered a landmark and is a symbol of affluence and grandeur in Miami. Some of the homes on the island have historical significance and architectural value. But there are no public landmarks or attractions.

How is transportation handled on Star Island?

Most residents have their own cars and can access the island via the MacArthur Causeway. And, as mentioned, the island also has private docks for boats and yachts. Residents can also use ride-sharing services or hire private drivers for transportation.

But when I say ‘ride-sharing,’ I mean limos!

Are there any schools or educational institutions on Star Island?

No, there are no schools or educational facilities of any sort on Star Island. However, the island is located near several top-rated private schools in Miami, such as Ransom Everglades School.

Can I rent a home on Star Island for a vacation?

No, unfortunately, the homes on Star Island are privately owned and not available for vacation rentals. However, there are many opulent vacation rentals available in Miami and the surrounding areas that offer a similar level of lavishness and exclusivity.

What is the future of Star Island?

Star Island’s future will depend on its ability to adapt and evolve while maintaining its status as one of the world’s most sought-after neighborhoods. Most likely, though, the island will likely continue to attract wealthy buyers and drive up real estate prices in the surrounding areas even further.

Does This Kind of Wealth Inspire You?

Well then, check out What Percentage of Americans Are Millionaires, as well as the Richest Neighborhoods in America! Find out exactly How Big is a Mansion, and then take a little trip through the Richest Towns In New Jersey and Richest Cities in California!

Thinking you’d like to be able to qualify to live there?

Time to browse Jeff Bezos Companies, and Bill Gates Companies, to get a good idea of the level of wealth we’re talking about. But don’t despair! For some, it’s actually possible to make this kind of hard cash in a hurry. Read our comprehensive guides to the latest Careers That Make You Rich and these Jobs That Can Make You a Millionaire in 2023!

Or search our website for any query on your mind! Ok, back to today’s question…

Final Thoughts

Star Island in Miami is a small but super-posh paradise that only the wealthiest of individuals can afford to live on. It is no wonder why some of the world’s most famous celebrities, athletes, moguls, and entrepreneurs choose to call this place home.

With its private beaches, sprawling mansions, and specialist amenities and services, Star Island offers its residents an incredible lifestyle. One that is, frankly, quite hard to match anywhere else in the world.

For the lucky few who own property on this island, life is good.

They are living the American dream!