Ex-JetSmarter president and developer charged with embezzling funds sells Bal Harbour home for record price

Sale sets a record for non-waterfront homes in Bal Harbour

Miami /
Aug.August 26, 2021 02:30 PM
JetSmarter Co-Founder Gennady Barsky and the $8 million home

JetSmarter’s former president Gennady Barsky and the $8 million home

UPDATED, Sept. 2, 2:45 p.m.: Developer Gennady Barsky, who previously led JetSmarter, the “Uber of private jets,” sold his Bal Harbour home for $8 million.

Barsky and his wife, Oleksandra, sold the six-bedroom, six-and-a-half-bathroom home at 65 Camden Court via a trust managed by William Weintraub, according to property records. The sale marks a record price for non-waterfront homes in Bal Harbour, according to property records and a source.

Barsky was arrested in South Florida four years ago and charged with embezzlement in California. He was previously executive chairman of North Miami Beach-based Verzasca Group until early 2015, a spokesperson for the development firm told The Real Deal in 2017. The company developed projects in Bay Harbor Islands and Sunny Isles Beach. Verzasca also partnered with JetSmarter, a private Fort Lauderdale-based jet charter that was later acquired by Dubai-based Vista Global. Barsky was president of JetSmarter until he resigned in February 2017.

In June 2017, Barsky pleaded not guilty in a California court to five counts of grand theft over allegations that he stole nearly $12 million as a managing member of Lodgepole, a real estate investment firm, according to the East Bay Times. An update on the case is not immediately available in public records.

Property records show the Barskys’ trust sold the 7,654-square-foot house in Bal Harbour to Richard and Evelyn Fox, as trustees of the Fox Family Trust. Moshe Goldshtein with One Sotheby’s International Realty, represented the buyer and seller. Goldshtein was previously with Harding Realty, which One Sotheby’s recently acquired.

Goldshtein declined to comment.

The house sits on a nearly 0.3-acre lot and was completed in 2017. A company managed by Treo Construction CEO Ricardo Halfen built the home and sold it to an LLC managed by Gennady Barsky in 2017 for $5.5 million. Two years later, that entity sold it to Barsky and his wife for $4.4 million.

The two-story home includes smart home features, high ceilings, luxury finishes and a pool and spa, according to the listing. It was asking $8.8 million.

The sale marks another example of neighborhood and city price records set throughout South Florida, as high-end residential sales continue to grow.




    Correction: An earlier version of this story incorrectly identified Barsky’s role at JetSmarter based on incorrect information from his LinkedIn and website. 


    Related Articles

    arrow_forward_ios
    4400 Sanctuary Lane, Boca Raton; RedCon1's Aaron Singerman and Darielle Singerman (RedCon1, Zillow, Getty)
    Supplements mogul sells waterfront Boca Raton mansion for $10M
    Supplements mogul sells waterfront Boca Raton mansion for $10M
    Fisher island, Continuum South Tower, Estates at Acqualina and rendering of Ritz-Carlton Residences (Google Maps, Ritz-Carlton)
    Miami-Dade condo sale prices continue to dip in November
    Miami-Dade condo sale prices continue to dip in November
    Bal Harbour Shops CEO Matthew Whitman Lazenby (Whitman Family Development, Google Maps)
    Bal Harbour Shops allegedly owes subcontractor roughly $1M: lawsuit
    Bal Harbour Shops allegedly owes subcontractor roughly $1M: lawsuit
    From left: Fortune Christie's International Real Estate's Victoria Fisher and The Agency's Daniel Tzinker (Photo Illustration by Steven Dilakian for The Real Deal with Getty, Fortune Christie's International Real Estate, The Agency)
    Movers & Shakers: Victoria Fisher Team moves to Fortune Christie’s
    Movers & Shakers: Victoria Fisher Team moves to Fortune Christie’s
    Berry Aviation's Sonny Berry with 109 Schooner Lane
    Aviation founder Sonny Berry sells waterfront Jupiter home for $11M
    Aviation founder Sonny Berry sells waterfront Jupiter home for $11M
    71 Curlew Road and James and Kimberly Caccavo (LinkedIn, Steelpoint Capital Partners, Google Maps)
    PE boss James Caccavo drops $11M on waterfront Manalapan spec home
    PE boss James Caccavo drops $11M on waterfront Manalapan spec home
    The late Ralph Halpern and 617 East Dilido Drive (Google Maps, Getty)
    Topshop founder’s waterfront Miami Beach home sells for $15M
    Topshop founder’s waterfront Miami Beach home sells for $15M
    Edna Buchanan with 400 W San Marino Drive
    Crime writer Edna Buchanan sells Venetian Islands home for $12M
    Crime writer Edna Buchanan sells Venetian Islands home for $12M
    arrow_forward_ios

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

    Loading...