Miami Condo Market and Lifestyle Updates
Marc Bell Sells Setai Condo Unit for $12 Million

Marc Bell Sells Setai Condo Unit for $12 Million

by Sep Niakan | June 03, 2014

Marc Bell sold his condo on the 35th floor of the Setai building in South Beach for $12 million.

Up All Night South Beach, the company managed by Bell, sold his three bedroom, three bathroom condo unit on May 20. The company purchased the condo back in October 2012 for around $7.3 million. The luxury unit was previously listed for $15 million.

The buyer is Setai 3509 LLC, managed by Nafia Ergun Sefada. The company obtained a $5.5 million mortgage from BAC Florida Bank to purchase the 2,521-square-foot condo.

Eloy Carmenate, One Sotheby’s International Realty broker, and Jeffrey Miller, from Zilbert International Realty, arranged the sale.

Bell is a financier from Boca Raton, and is best known as the former CEO of FriendFinders Networks, owned by Penthouse. Bell is also a two-time Tony Award-winning producer.



Photo credit: Marc Bell - nypost.comView - Building -

Recent posts

Real Estate News

Could Cite in Edgewater Have New Hotel Neighbor?

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...

Real Estate News

Brickell Avenue Bridge Schedule, Traffic and Solutions -- All You Need To Know

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...

Real Estate News

9 Positive Signs for the Miami Real Estate Market in 2017

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. ...

Real Estate News

Projects That Will Change the Way We Look at Wynwood, Forever!

by Sep Niakan | December 28, 2016

We all know Wynwood as the friendly, hipster neighborhood splashed with the best street art in the world. It’s where we all go for our art fix, browse far-out finds and linger around for a couple of craft beers. But, how about shopping,...