$27 Million Sale of Setai Miami Penthouse Breaks South Florida Records (PHOTOS)
by Sep Niakan | February 15, 2013
Frequented by music and film celebrities such as Madonna, Simon Cowell, U2, and Jim Carrey, a 7,100 square foot condominium at Miami Beach’s The Setai unceremoniously broke the record for most expensive condo ever sold in South Florida. The $27 million condo, which quickly broke the $25 million record set by the Sky Mansion in May 2012, spans the entire length of the 40th floor of The Setai plus a 3,000 square foot, rooftop terrace. The penthouse, which has been previously rented out at $30,000 per night and sold for “just” $15 million as recently as June 2010, features four-and-a-half bedrooms and six bathrooms with floor-to-ceiling windows facing the ocean.
Amenities include infinity pool, hot tub, summer kitchen, Jacuzzi, and designer appliances and fixtures from SubZero, Gagenau, and Duravit and Dorenbracht. The deal was brokered by Jeff Miller of Zilbert International Realty who had previously brokered another record-breaking penthouse sale in 2011, also at The Setai and for $21.5 million. The anonymous buyer purchased the condo through a group of European investors based in Delaware who had first purchased the unit in the initiative $15 million sale in 2010.
Photos of Setai's penthouse:
See more high resoluton photos here
Image Credit: photo courtesy of Zilbert International Realty
by Sep Niakan | September 27, 2016
Claro Development’s latest at 10 SW 8th Street is going to be a tall order, literally! Fresh-approved by the FAA, the Brickell Market Place is set to rise up to 954 feet above ground, or 960 feet above sea level. Approved after a seven-month...
by Sep Niakan | September 26, 2016
Come year-end, Miami’s Edgewater neighborhood will be home to one of Best Western International’s first boutique hotel brand offerings - Vib. Best Western’s chosen only 20 key urban markets (including Miami) across North America to...
by Sep Niakan | September 23, 2016
The Berkowitz Development Group, describes SkyRise as their “abstract version of the Statue of Liberty”. Approved in 2014, this R-shaped structure is being built in tandem with the revitalization of Bayside Marketplace. The tower will be...