Why Did J. Lo and A-Rod Pick a $40M Mansion on Star Island? Is It Only for Stars?

So why Star Island?

A little history: Built in 1922 by the Army Corps of Engineers, the man-made speck of land just off Miami Beach was initially owned by Carl Fisher, a founder of the area.

Access to the oval-shaped island is by a single road. The guard-gated, exclusive enclave has just under three dozen extremely expensive homes.

A prominent piece of Star Island property that was once the Miami Yacht Club was built by Fisher in 1923. That Mediterranean-style villa has been on and off the market for a few years.

It ranked as our most expensive home four years ago, when it landed on the market for $65 million. After a price drop to $39,950,000 earlier this year, it's currently in contingent sale status.

Star Island was developed with, well, stars in mind.

“It’s for the famous and the wealthy,” says Miami broker Alex Shay, who has held a listing on the island before. He noted that the island's central locale is a big draw.

“It’s for people who want to have quick and easy access to Miami Beach, South Beach and the airport, and the best restaurants in the South Beach area.”

He told us that Indian Creek Island, north of Miami, has amenities Star Island lacks, like its own police force and golf course, but is farther away from the action.

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