Ex-wife of Russian oligarch sells Oceana Bal Harbour condo

Tatiana Panchenkova was embroiled in nasty divorce with real estate tycoon Shalva Chigirinsky

Miami /
Mar.March 19, 2019 11:30 AM

Tatiana Panchenkova and Oceana Bal Harbour

UPDATED, March 19, 1:50 p.m.: A company controlled by Tatiana Panchenkova, the ex-wife of Russian oligarch and real estate tycoon Shalva Chigirinsky, sold a condo at Oceana Bal Harbour for $5.4 million. The sale represents a loss from her purchase three years ago.

Panchenkova sold the 3,450-square-foot unit 1902S at 10201 Collins Ave for $1,565 per square foot, records show. The buyer is tied to Gary Kreinik, of the New York law firm Kreinik Associates.

The condo has three bedrooms and four-and-a-half bathrooms. Panchenkova is paid $6.6 million for the unit in January 2016, records show.

Panchenkova appeared in New York tabloids for her nasty divorce from Chigirinsky, who once had a reported net worth of $1.6 billion. The couple, who lived in Connecticut, split in 2009 amid allegations by Panchenkova that Chigirinsky abused her.

Kreinik is likely not the true buyer of the property. Research from The Real Deal shows his law firm handled title insurance for two of the top 1,000 most expensive deed transactions https://therealdeal.com/new-research/topics/company/kreinik-associates/ in New York City between December 2014 and June 2017.

Cyril Matz of Douglas Elliman represented Panchenkova in the deal. The buyer was represented by Nicole Davis of AF Realty.

Oceana Bal Harbour, which had an estimated $1.3 billion sellout, was completed in late 2016. The oceanfront condo project was designed by Arquitectonica, and features large sculptures by Jeff Koons, which Argentine developer Eduardo Costantini purchased for $14 million.

Italian architect Piero Lissoni designed the interiors.

The 5.5-acre site was formerly known as the Bal Harbour Beach Club before Costantini’s Consultatio USA purchased it in 2012 for $220 million. A year later, the developer secured a $332 million construction loan for the project from a group of lenders led by HSBC.

A penthouse at Oceana Bal Harbour was recently listed for sale for $18.95 million.


Related Articles

arrow_forward_ios
Faena House at 3315 Collins Avenue in Miami Beach (Condos.com)
Faena House closing tops Miami-Dade’s weekly condo sales
Faena House closing tops Miami-Dade’s weekly condo sales
A photo illustration of the Four Seasons Residences at Biscane Bay (left), the Mansions at Acqualina (middle), and the 1 Hotel & Homes at Miami Beach (right) (Condo.com, iStock)
Here are Miami-Dade’s top condo sales in April
Here are Miami-Dade’s top condo sales in April
A photo illustration of the Mansions at Acqualina (Mansions at Acqualina, Condo.com, iStock)
Mansions at Acqualina closing tops Miami-Dade’s weekly condo sales
Mansions at Acqualina closing tops Miami-Dade’s weekly condo sales
Santiago Arana and Mauricio Umansky (iStock)
The Agency expands again in South Florida with Surfside outpost
The Agency expands again in South Florida with Surfside outpost
$15M Fisher Island closing tops Miami-Dade’s weekly condo sales
$15M Fisher Island closing tops Miami-Dade’s weekly condo sales
$15M Fisher Island closing tops Miami-Dade’s weekly condo sales
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
$11M 1 Hotel & Homes closing tops Miami-Dade’s weekly condo sales
$11M 1 Hotel & Homes closing tops Miami-Dade’s weekly condo sales
$11M 1 Hotel & Homes closing tops Miami-Dade’s weekly condo sales
Ocean House at 125 Ocean Drive in Miami Beach, Four Seasons Residences at 1425 Brickell Avenue in Miami, and The Surf Club Four Seasons at 9001 - 9111 Collins Avenue in Surfside (Condos.com)
Here are the top March condo sales in Miami-Dade
Here are the top March condo sales in Miami-Dade
arrow_forward_ios

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

Loading...