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The condo is on Fisher Island, a members-only island for millionaires off the coast of Miami.
- The founder of Safeway Insurance is selling his $11.995 million condo on Fisher Island, the country's richest zip code.
- Fisher Island is a private island off the coast of Miami where the average income is $2.2 million.
- To live on Fisher Island, residents must pay a $250,000 entry fee for equity membership, which allows access to the island's amenities that include a private marina, golf course, spa, and private beaches with sand imported from the Bahamas.
- The 6-bedroom condo includes a 2,000-square-foot terrace and a private infinity pool.
- Visit Business Insider's homepage for more stories.
The founder of Safeway Insurance, William Parrillo, and his wife Carol are selling their $11.995 million condo on Fisher Island, a private island for millionaires in Florida, Business Insider learned from Douglas Elliman.
Fisher Island, a 216-acre island off the coast of Miami, is the country's richest zip code, with an average income of $2.2 million, according to Bloomberg. To be a member of the Fisher Island Club, residents must pay a $250,000 entry fee for equity membership, which allows access to the island's amenities that include a private marina, golf course, spa, and private beaches with sand imported from the Bahamas.
The Parrillos' six-bedroom condo has 6,618 square feet of living space. According to Douglas Elliman, which is selling the property, the ground-floor villa has the feel of a single-family home and is one of only a few exclusive residences that come with a private infinity pool.
Parrillo is the president and chairman of Safeway Insurance, the largest privately held, family-owned insurance company in the US.
Robert Conway of Douglas Elliman holds the listing for Parrillo's Fisher Island home.
Take an exclusive look inside the $11.995 million luxury condo, which hits the market on Wednesday.