Published by Peter Zalewski
10/6/2024 
7:48:09 PM 
Police contend in an arrest warrant that a one-bedroom unit with 870 square feet was transferred via a quit-claim deed to a Delaware corporation in 2020. (Image courtesy of WSVN.com)
Is it possible for someone to steal a $232,000 unit from a Florida condo association without anyone realizing?
It may be easier than you thought based on the Oct. 1, 2024, arrest of a board member of a highrise condo in the affluent Miami suburb of Aventura, according to a Miami-Dade County Arrest Warrant.
Gregori Arzumanov – the quantum physicist-trained president of the Turnberry On The Green condo tower in Aventura – was busted for what police describe as an alleged $1.5 million fraud, according to WSVN.com.
Condo Market Inventory Tracker
A Snapshot Of South Florida Vintage Condos
| Databases | Active Listings | Months Of Supply |
|---|---|---|
| Condos | 15,388 | 8.2 |
| Luxury Condos | 985 | 9.1 |
| Shortsales | 19 | 12.1 |
| REOs | 98 | 5.8 |
| Rentals | 12,874 | 3.7 |
Peter Zalewski is a licensed real estate broker and consultant focused on the South Florida condo market. Zalewski is a former special contributor to the Miami Herald and a former real estate columnist for The Real Deal magazine. Zalewski now hosts the Miami Real Estate Investing Podcast that is available in audio and video wherever you get your podcasts.
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