One of the most exclusive and coveted places to live in Miami Beach is this lovely little island served by a single causeway, known as Star Island. I'm not sure if the name predates its current status as a refuge for celebrities, but it's well known for being home to such luminaries as Gloria Estefan, Rosie O'Donnell, Don Johnson, Sean Combs and Shaquille O'Neal. However, unscrupulous tour guides and realtors have exaggerated the island's celebrity stories, and have made false claims about Julio Iglesias, Madonna, Sylvester Stallone and Elizabeth Taylor also living here.
Some scenes from the Sylvester Stallone film The Specialist were filmed on Star Island, which may have inspired the myth that he lives there. (Though Stallone did attend the University of Miami, his home is in Beverly Hills, California.)