Tahiti Beach manse in Coral Gables lands $11M loan

Loan provides financing for renovations

TRD MIAMI /
Jul.July 06, 2015 05:30 PM

The estate at 4 Tahiti Beach Island Road

The owner of a Tahiti Beach mansion in Coral Gables has taken out $11.4 million in financing for their sprawling estate.

A company titled 4 Indian Creek paid $15 million for the 1.8-acre property four years ago.

After holding onto 4 Indian Creek Island Road for roughly three years, the company sold it for a tidy $6.6 million profit. With proceeds in tow, the owner made a move to Coral Gables with the $18 million purchase of the mansion at 4 Tahiti Beach Island Road.

The estate, with its Tuscan architecture and waterfront views, measures 21,235 square feet and was built in 2009. Its 1.5-acre lot also features a rare amenity in the Gables — a small white sand beach. It was originally listed in 2013 for $30 million by Jill Eber of Coldwell Banker, but Saddy Delgado of One Sotheby’s International Realty closed the sale. Irina Artemova of Luxe Living Realty brought the buyer.

A few months after signing the deed, a notice of commencement for interior demolition was filed with the county, records show. In late February, remodeling work began. The company now has taken out the $11.4 million in financing from Goldman Sachs Bank USA to finance the renovation.

4 Indian Creek is headed by Ilya Bykov, principal of a New York-based financial services company that caters to international clients. Bykov could not immediately be reached for comment on Monday.

However, earlier documents show that Vladislava Finskaya was listed as the company’s manager. Finskaya also manages Linsdorf LLC, and she sold an apartment in New York late last year for $18 million.

The home next door at 5 Tahiti Beach Island Road is owned by basketball star Ray Allen, who helped the Miami Heat secure a championship ring in 2013.


Related Article

arrow_forward_ios

Bustelo coffee mogul lists Cocoplum estate for $24M

Super Bowl champ Jonathan Vilma sells Tahiti Beach mansion

Former NFL star Jonathan Vilma lists Coral Gables home for $18.5M

Tech exec lists Tahiti Beach estate in Coral Gables for $20M

Miami cardiologist lists Tahiti Beach mansion in Coral Gables for $22M

Landmark bank in downtown Hollywood could be torn down for rentals, Miami-Dade approves $300M cruise terminal: Daily digest

Ritz Carlton Residences Miami Beach and Petra Levin

Petra Levin snags condo at Ritz-Carlton Residences Miami Beach

South Florida (Credit: iStock)

August was a slow month for home sales throughout South Florida

Brickell City Centr

Allegations of employee theft, retaliation and female harassment at Swire: lawsuit

Sunny Isles Beach skyline (Credit: Getty Images)

Sunny Isles Beach imposes one-year development moratorium west of Collins Avenue

The Real Deal South Florida’s fall issue is now available to all subscribers

Diplomat Beach Resort at at 3555 South Ocean Drive

Brookfield’s Hollywood Diplomat scores $168M refi

Mark your calendars: These are South Florida’s top real estate events next week

arrow_forward_ios