Russian Mogul Buys Property in Edgewater for the Fourth Time in Three Months. Where Will He Strike Next?
by Sep Niakan | June 05, 2014
The Edgewater King, Oleg Baybakov, cannot stop buying up properties in Edgewater. He has purchased four properties in the same area in less than three months. What will he do next?
700 Edgewater Development, Baybakov's company, purchased a small vacant plot and a nine-unit apartment building, located at 432 Northeast 26th Terrace and 441 Northeast 26th Street, for $1.4 million. The transaction took place on May 15, and was recorded by the county on May 20.
Supreme Property Holdings, a Bay Harbor Islands company, sold the site to 700 Edgewater Development.Supreme purchased the two properties for $576,000 back in 2003.
These latest acquisitions into Baybakov's portfolio are on the same block as the $7.4 million triple transactions he made in April. Thus far, between February 21 and March 28, Baybakov's company has spent over $30 million for 1.7 acres in Edgewater.
by Sep Niakan | January 22, 2017
Welcome to the month of love! February’s here, and it’s time to get into celebration mode once again. With Valentine’s being the highlight of the month, Miami’s got a mixed bag of events that will help singles and couples...
by Sep Niakan | January 12, 2017
According to thenextmiami, a petition involving a 15 by 75 feet alley has sparked speculations that a brand new hotel could be coming to Edgewater. Why? Simply because this alley comes attached to a 7,875 sq. ft. plot located at 348 Northeast 20...
by Sep Niakan | January 09, 2017
Ever tried driving from Brickell to Downtown Miami for lunch? Most Miamians dread the thought of catching the dreaded drawbridge, which opens every hour or half-hour during non-curfew hours to allow river traffic to pass under. So what’s...
by Sep Niakan | January 08, 2017
Last year’s headlines weren’t too kind to Miami with hurricanes, Zika warnings and falling sales painting a dark picture. However, with the elections finally done with, there are plenty of reasons to be optimistic about 2017: 1. ...