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: Sotheby’s Daniel de la Vega and Reagan Jefferies with Brevard County
One Sotheby’s picks up Brevard County brokerage
One Sotheby’s picks up Brevard County brokerage
10181 US Highway 98 West and 39 Sandy Dunes Circle (LoopNet)
Florida Panhandle estate sold for $25M
Florida Panhandle estate sold for $25M
Netscape co-founder Jim Clark and 2000 South Ocean Boulevard in Manalapan (Getty, Sotheby's)
Manalapan compound poised to sell for Florida-record $175M
Manalapan compound poised to sell for Florida-record $175M
Hassan Whiteside and 528 Lakeview Court in Miami Beach (Getty, Joe Azar/Compass)
NBA’s Hassan Whiteside lists Miami home for $23M, triple what he paid for it
NBA’s Hassan Whiteside lists Miami home for $23M, triple what he paid for it
(ONE Sotheby's Realty)
Former mayor George “Bud” Scholl’s waterfront home hits market for $13.9M
Former mayor George “Bud” Scholl’s waterfront home hits market for $13.9M
Home prices notched record-shattering growth in 2021, but slowdown is likely
Home prices notched record-shattering growth in 2021, but slowdown is likely
Home prices notched record-shattering growth in 2021, but slowdown is likely
6315 11th Ave Gulfport (iStock, Heckler Realty Group, Illustration by Shea Monahan for the Real Deal)
Tampa-area home billed as first in US to be sold as an NFT
Tampa-area home billed as first in US to be sold as an NFT
From left: 1840 South Ocean Boulevard, 1341 South Ocean Boulevard and 2000 South Ocean Boulevard
These were South Florida’s largest resi sales of 2021
These were South Florida’s largest resi sales of 2021
arrow_forward_ios

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

Loading...