Miami Condo Market and Lifestyle Updates
$27 Million Sale of Setai Miami Penthouse Breaks South Florida Records (PHOTOS)

$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

Recent posts

Opinions and Advice

Miami Pre-Construction Frequently Asked Questions

by Sep Niakan | May 22, 2017

How much is the fee to have a knowledgeable and licensed Miami real estate broker help me select the right property? How much of my money does developer use during construction? What are the penalties if I decide to cancel my pre-construction...

Opinions and Advice

Comprehensive Guide to Buying a Pre-construction Property or Condo in Miami

by Sep Niakan | May 22, 2017

Why You Need to Read This Miami Pre-construction Condo Guide Miami Pre-Construction Phases How to Negotiate the Best Miami Pre-Construction Deal How to Finance Pre-Construction Property Closing Costs for Pre-Construction...

Lifestyle

Save the Date for these Stellar June Events in Miami

by Sep Niakan | May 20, 2017

With summer here, Miami turns up the heat with the hottest events lining up for the month of June. You can find a new way to spend each day, whether it's catching up on international cinema, going on a food-eating spree, or peering over the...

Lifestyle

The Top Ten Highest-Rated Restaurants in Miami

by Sep Niakan | May 14, 2017

It’s no secret how Miami’s local food scene is going global with innovative restaurants populating the landscape. We’ve got locals to tourists and even celebrities raving about how Magic City's culinary scene has grown leaps...