Russian buyer pays $7M for Mansions at Acqualina unit

Miami /
Aug.August 24, 2015 04:30 PM

Two weeks after units started closing for the newly built Mansions at Acqualina condo tower in Sunny Isles Beach, another sale has been recorded for $7 million — and its buyer is likely a former Russian state official.

Unit 1701 at the 47-story tower was sold in a deed filed Thursday. The document states the buyer was Alexey Knyshov, whose recorded address is the same as that of the unit.

The sale was a trade up for Knyshov, who had owned a unit at the older Acqualina tower with his wife Inna since 2008. That unit, which he sold late last year for $3.22 million, measures 2,214 square feet. Condos at Mansions start at 4,600 square feet, so even if Knyshov bought the smallest unit available, he’s more than doubling the living space.

Michael Goldstein, president of sales at Mansions, had told The Real Deal in June that this wasn’t uncommon — many of the project’s buyers had upgraded from smaller units at Acqualina, which has condos ranging in size from 2,030 square feet to 6,360 square feet.

Knyshov shares a name with a former member of the State Duma, a legislative body in the Russian Federation. He was reportedly accused of profiting from several companies he owned while in office, and resigned from his post in 2012.

A New York Times article about the scandal mentioned that Knyshov owned several properties, including a condo in South Florida. And Dmitry Gudkov, a Russian politician who raised accusations against Knyshov, wrote in a blog post in 2012 that the now-resigned Duma member had owned unit 2005 at Acqualina, which he originally paid $1.25 million to acquire in 2008. 

So far, seven of the Mansion at Acqualina’s 86 units have closed for a total of roughly $23 million. The tower, at 17749 Collins Avenue, is the second Acqualina-branded condo project to be built by developers Jules and Eddie Trump. The Trumps, unaffiliated with Donald, are currently working on the third, Estates at Acqualina, which is expected to finish in 2019.


Related Articles

arrow_forward_ios
Regalia, Unit 10 (Regalia Sunny Isles, Condos & Condos)
Brazilian fertilizer mogul puts down roots in Sunny Isles Beach
Brazilian fertilizer mogul puts down roots in Sunny Isles Beach
$10M closing of Mansions at Acqualina tower suite tops weekly condo sales
$10M closing of Mansions at Acqualina tower suite tops weekly condo sales
$10M closing of Mansions at Acqualina tower suite tops weekly condo sales
A unit at Jade Ocean was the most expensive condo sold last week (Jade Ocean, Redfin)
Jade Ocean unit closing tops Miami’s weekly condo sales
Jade Ocean unit closing tops Miami’s weekly condo sales
A unit at Turnberry Ocean Club was the most expensive condo sold last week (Turnberry Ocean Club)
$11M closing at Turnberry Ocean Club leads weekly condo sales in Miami-Dade
$11M closing at Turnberry Ocean Club leads weekly condo sales in Miami-Dade
Infinity project (Kobi Karp)
GPI Real Estate wins $6M settlement over failed Sunny Isles Beach project
GPI Real Estate wins $6M settlement over failed Sunny Isles Beach project
Federal prosecutors allege Naman Wakil laundered ill-gotten Venezuelan contracts with Miami area condo purchases (Getty)
Miami man charged in Venezuelan money laundering scheme, allegedly using proceeds to buy condos
Miami man charged in Venezuelan money laundering scheme, allegedly using proceeds to buy condos
The highest sale last week was a $17 million penthouse at Porche Design Tower (Porche)
Weekly condo sales dollar volume rises, led by $17M closing at Porsche Design Tower
Weekly condo sales dollar volume rises, led by $17M closing at Porsche Design Tower
DLocal founder Andres Bzurovski with the Porsche Design Tower penthouse (DLocal)
Uruguayan fintech billionaire buys penthouse at Porsche Design Tower
Uruguayan fintech billionaire buys penthouse at Porsche Design Tower
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...