Mark Sutcliffe Acquires Waterfront Condo On Fisher Island For $15 Million From Olga Postolnikov
7811 Fisher Island Drive, #7811f
$15,000,000
$4,189/SF
Building Size
3,580 SF
Asset Type
Condo
Closing
Aug 6, 2026
AI
The property involved in this transaction is a waterfront condo located at 7811 Fisher Island Drive, Miami Beach, FL. It has a total square footage of 3,580 and was sold for $15,000,000, which equates to approximately $4,190 per square foot.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $15,000,000
- Buyer: Mark Sutcliffe
- Seller: Olga Postolnikov - Violet Star US
- Square Footage: 3,580
- Price Per Square Foot: $4,190
Mark Sutcliffe, the buyer, is noted to be the founder and former CEO of Redzone Production Systems. The seller, Violet Star US, completed the sale of this three-bedroom residence at Oceanside at Fisher Island in an off-market transaction.
Players
Fisher Island Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93