Map of Fisher Island marking Marina Village No. Three: Building 42, drawn dashed because its condominium was terminated. Every association is listed by building number, with a link to its page, under Elsewhere further down this page.
Marina Village No. Three, Fisher Island: terminated condominium
Marina Village No. Three, Building 42 on Fisher Island, is no longer a condominium and has no units to buy. A plan of termination recorded 1 August 2024, approved by the Fisher Island Club as sole owner, ended it. The Club keeps title to what is now one parcel. Questions about a former unit's title go to that plan.
The association at a glance
Marina Village at Fisher Island Condominium No. Three Association, Inc. — Condominium terminated in 2024
- Status
- Terminated under § 718.117 by a plan recorded 1 August 2024. All 38 unit folios, for Units 42101–42120, 42201–42209 and 42301–42309, are cancelled on the Property Appraiser's roll
- Building
- One parcel now, folio 30-4209-002-0060 at 42201 Fisher Island Dr. Three floors, built 1990, classed as mixed use store/residential
- Plan of termination
- Certificate and Plan of Termination dated 27 June 2024, recorded 1 August 2024 at Official Records Book 34340, Page 3934 (OR 34340/3934). The Fisher Island Club approved it as sole owner
- Owner now
- The Fisher Island Club, which keeps fee title under the plan and appears on it as sole owner and trustee. The Property Appraiser lists it "C/O TERMINATION TRUSTEE"
- For a buyer
- No units to buy or lend on. A question about a former unit's title goes to the plan of termination
- Declaration
- OR 14575/379, recorded 6 June 1990, for 18 residential and 20 commercial units. The plan released the property from it
- Manager
- None now. DBPR's list leaves out terminated projects and no longer carries this one. Source: the Property Appraiser's record and DBPR's condominium list, checked October 16, 2026.
How Marina Village No. Three compares: HOA fees at closing, association by association
Marina Village at Fisher Island Condominium No. Three was the condominium in Building 42, in unincorporated Miami-Dade County and outside Miami Beach. A plan of termination recorded on 1 August 2024 ended it, leaving no unit to buy or lend on. This note rests on that plan, the other instruments below, and the Property Appraiser's roll and DBPR's state condominium list, both checked in October 2026.
How do we know Building 42 was terminated?
The Certificate and Plan of Termination, dated 27 June 2024, was recorded on 1 August 2024 at Official Records Book 34340, Page 3934. It terminates the condominium under § 718.117. Section 3, on page 2, reads: "The Condominium shall be terminated pursuant to this Plan which has been approved by Sole Owner as the sole holder of 100% of the total voting interests of the Condominium." That sole owner is the Fisher Island Club.
The Property Appraiser's roll reflects it. The entry for the whole condominium, reference folio 30-4209-012-0001, reads "CN Cancelled", and its legal description cites "PLAN OF TERMINATION OR 34340-3934".
All 38 unit folios are cancelled, and none carries a value after 2024. One active parcel takes their place, folio 30-4209-002-0060, described as "FKA" (formerly known as) "MARINA VILLAGE AT FISHER ISLAND CONDO NO 3". The condominium is also missing from DBPR's list of 10 October 2026, which leaves out "terminated, rejected or withdrawn projects".
The Fisher Island Club bought the last unit it did not own, 42208, by a warranty deed dated 24 June 2024 (OR 34289/2442). Before the termination, the Club held every unit still on the roll.
Who holds title to the former units now?
The Fisher Island Club. Under the plan it keeps fee title, and on recording the property is "released from … the Declaration" (OR 14575/379). The records search lists the Club on the plan as both sole owner and trustee, and the roll lists it in care of a termination trustee it does not name. Florida law vests title "in the termination trustee when the plan is recorded or at a later date specified in the plan" (Fla. Stat. § 718.117(14)). How the trustee's role fits the Club's fee title is a point to read on the plan itself. The association continues only "to conclude its affairs" (§ 718.117(18)).
Our practice
How Bayit Title handles this at Building 42
A question about a former unit starts with the plan of termination recorded on 1 August 2024. We pull the plan and read it before relying on anything in it.
What was recorded for Marina Village No. Three?
In October 2026 we searched the Miami-Dade Clerk's Official Records index, current through 9 October 2026, for this association's instruments recorded after 9 September 2003. It turned up only the plan of termination, so we still know the 2012 amendment below only from the Property Appraiser's citation.
| Recorded | Instrument | What it did |
|---|---|---|
| 6 Jun 1990 | OR 14575/379, clerk's file number (CFN) 90R209728 | Island Developers, Ltd.'s 55-page declaration for the last of its three Marina Village condominiums, all on one form. Section 3.1 counts "eighteen (18) Residential Units and twenty (20) Commercial Units, for a total of thirty eight (38) Units". The commercial units were on the first floor and the residential units above. Exhibits cover the land, share schedule, survey, By-Laws and Articles. |
| 9 Sep 2003 | OR 21625/4696, CFN 2003R0662934 | Amendment by Fisher Island Holdings, LLC, correcting two shares by swapping those of Units 42206 and 42207. Its revised schedule lists 33 units, 13 residential and 20 commercial. |
| About Nov 2012 | OR 28352/4644 | Amendment combining Units 42201 and 42202. |
| 1 Aug 2024 | OR 34340/3934, CFN 2024R0583562 | Certificate and Plan of Termination under § 718.117, dated 27 June 2024, 7 pages, made by the association with the Fisher Island Club as sole owner. It terminates the condominium, leaves fee title with the Club and on recording releases the property from the declaration (OR 14575/379). |
Common questions
Can I still buy a unit at Marina Village No. Three?
No. A plan of termination recorded on 1 August 2024 ended the Building 42 condominium on Fisher Island, and the Property Appraiser has cancelled all 38 unit folios.
Who owns Building 42 on Fisher Island now?
The Fisher Island Club keeps fee title to Building 42 under the 2024 plan of termination (OR 34340/3934), on which it appears as sole owner and trustee. The Miami-Dade Property Appraiser lists it as one parcel under "FISHER ISLAND CLUB INC", "C/O TERMINATION TRUSTEE".
What happens to an old mortgage or lien on a former unit?
An old mortgage or lien on a former Marina Village No. Three unit turns on the plan of termination recorded on 1 August 2024 at Official Records Book 34340, Page 3934.
Were Marina Village and Marina Village Gardens No. Two terminated too?
Unlike Building 42, Marina Village (Building 41) and Marina Village Gardens No. Two (Building 40) are still condominiums on the Property Appraiser's roll and DBPR's October 2026 list.
Elsewhere on Fisher Island
- Master associationFisher IslandFICA's 2026 dues of $64,495 a year, the Club's $500,000 contribution, two estoppels on every resale, seventeen rights of first refusal and fourteen lease approvals.
- Chapter 718 condominium associationMarina VillageDeclared with 12 residential and 17 commercial units, 23 in all since a 2021 amendment: a first refusal on sales and no limit on leasing.
- Chapter 718 condominium associationMarina Village Gardens No. TwoBuilding 40's 41 units, 18 residential since a 2019 amendment: a first refusal on sales only, no leasing limits, and a 2025 share schedule.
Associations by building number
- 20, 21Bayside Village East
- 3 to 6Bayside VillageNumbered by its declaration; 2211–2543 Fisher Island Dr
- 40Marina Village Gardens No. Two
- 41Marina Village
- 42Marina Village No. ThreeCondominium terminated
- 44 to 47Harborview
- 48, 49Bayview No. One
- 505000 Bayview
- 515100 Bayview
- 52Bayview No. Three
- 53Bayview No. Two
- 68, 70Palazzo del Sol / della Luna
- 71Palazzo del Mare
- 72Oceanside No. Five
- 747400 Oceanside
- 767600 Oceanside
- 77Oceanside No. Four
- 78Oceanside No. Three
- 79Oceanside No. Two
- 80Oceanside
- 151 to 159Seaside Villas
- 191, 192Seaside
- Valencia EstatesLots on Valencia Drive
- Links EstatesLots on Links Drive