Russian composer sells Fisher Island condo

5-bedroom unit at Oceanside Residences sold for 15% discount off asking price

Miami /
Nov.November 28, 2017 03:45 PM

Igor Krutoy (Credit: Виктория Тихонова) and Oceanside Residences unit 7471

Vladimir Putin and Igor Krutoy at an awards ceremony (Credit: Пресс-служба Президента России)

Russian composer Igor Krutoy is saying “dasvidaniya” to his Fisher Island condo.

Property records show Krutoy and his wife, Olga, sold unit 7471 at Oceanside Residences on the ritzy island for $7.5 million. Krutoy is a Ukranian-born Russian music composer, performer, producer and promoter. In 2011, he paid $48 million for a condo at the Plaza Hotel, then an all-time record for New York condo sales.

The five-bedroom, 4,932-square-foot unit was listed for $8.9 million, which means it sold for a roughly 15 percent discount. It has views of the ocean, beach and skyline and features Italian marble floors, a gourmet kitchen and a master suite with a terrace, according to the listing. Lana Bell of One Sotheby’s International Realty represented the seller.

The couple paid $3.35 million for the condo in 2002, the year it was completed. They signed the latest deed transfer of ownership in Moscow and list a Manhattan address.

Records show the buyer is 7471 Fisher Island Dr 2017 Revocable Trust. More information on the trust is not available online.

The island, reached only by ferry, boat or helicopter, features such amenities as two marinas, 18 tennis courts, a golf course, eight dining establishments and a mile-long private beach. Membership to the Fisher Island Club, required with a condo purchase, is $250,000 for an equity membership with fees of $2,000 per month. Fisher Island’s common areas also recently underwent $60 million in renovations.


Related Articles

arrow_forward_ios
From left: Jim Cohen, Nancy Corey, Nathan Zeder, Alicia Cervera Lamadrid, Phil Gutman and Mike Pappas (iStock)
South Florida’s pandemic-fueled residential market poised for bull run in 2021
South Florida’s pandemic-fueled residential market poised for bull run in 2021
Kathleen DuRoss Ford and 300 North Lake Way (Getty, Google Maps)
Kate Ford’s Palm Beach estate sells for $55M
Kate Ford’s Palm Beach estate sells for $55M
Oprah Winfrey and (inset) Lawrence Stroll over the unit (Getty)
You get a condo! Billionaire Lawrence Stroll sells Oprah’s former Fisher Island penthouse
You get a condo! Billionaire Lawrence Stroll sells Oprah’s former Fisher Island penthouse
Prive at Island Estates and BH3’s Charlie Phelan, Greg Freedman and Daniel Lebensohn and Gary Cohen
Privé at Island Estates developer sues Suffolk Construction over defects
Privé at Island Estates developer sues Suffolk Construction over defects
Pierre Brondeau and Palazzo Del Sol
Pesticide exec pays $14M for Palazzo Del Sol condo
Pesticide exec pays $14M for Palazzo Del Sol condo
Howard Lorber and 1525 North View Drive
Howard Lorber buys waterfront Sunset Islands home for $12M
Howard Lorber buys waterfront Sunset Islands home for $12M
2201 Sunset Drive and David Grutman (Credit: Douglas Elliman)
Hospitality mogul David Grutman lists Sunset Islands home
Hospitality mogul David Grutman lists Sunset Islands home
Jim Cohen, Fontainebleau Development’s president of Residential, and Jeffrey Soffer, with SeaGlass Jupiter
Jeffrey Soffer’s Fontainebleau Development launches sales of Jupiter Island luxury condos
Jeffrey Soffer’s Fontainebleau Development launches sales of Jupiter Island luxury condos
arrow_forward_ios

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

Loading...