Setai Penthouse Sold for Record Breaking Sum

Real Estate Blog Article

Wednesday, January 16, 2013
Image 1 of 1 Click to Enlarge Image
A 7,100 square foot, four bedroom, six bathroom, penthouse was sold at Setai Resort and Residences for 27 million this week. This is the largest amount paid for a condominium in the Southeast region in the state and is more evidence of the luxury market rebound. The sale was made between two limited liability corporations, the buyers out of Delaware and the sellers of Europe. Numerous entertainers leased this stunning residence out for $30,000 per night and up including, Jim Carrey, U2, Simon Cowell, and Madonna. The home was purchased in 2010 for $15 million and the sellers made a substantial profit on the sale.
The penthouse boasts views of Downtown Miami, South Beach, and the Atlantic Ocean. These views are breathtaking and the home took up the entire 40th floor with floor to ceiling windows, and a grand terrace of over 3,000 square feet with infinity pool, outdoor kitchen, and Jacuzzi. Setai Resort and Residences was completed in 2004 and it remains one of the top buildings in South Beach for the real estate elite. The property is tranquil and modern and has a number of pools, workout facilities, spa, and a five star restaurant onsite. For more information on listings in this building or if you are looking to sell in the building, contact us today!
Comments: 0
There are no comments for this post.
Post a comment below
LEAVE A COMMENT
 
Name
 
Email Address
 
URL
 
 
Comment
 
Captcha

Type the characters you see in the picture above.
 
 
< Back

Updated: Thursday, September 21, 2023

Copyright ©2023Realty Times®. All Rights Reserved

Housing Rebound: Factors to Consider
In Miami we have had an incredible year of growth with an ever shrinking supply of condos...

Hoteliers Buy Versace Mansion at Auction
Gindi Family and Nakash Family of New York were the winners of the auction for Casa Casuarina...

Stunning Estate for Sale on Allison Island
Allison Island is one of the man made islands comprising Miami Beach. One half of the island...

Avant Garde and Luxurious Penthouse on Fisher Island
Fisher Island is home to some of the highest net worth individuals in Miami. It is a private...

6000 Indian Creek, Condominium Spotlight
6000 Indian Creek is a Sieger Suarez project that was completed in 2007 and consists of...

$35 Million Buys you THIS on Star Island
$35 Million for a home on Star Island is par for the course in Miami Beach real estate....

Development Update
It is looking like a dusty winter season in Miami, with all the construction rapidly underway,...

North Bay Road Charm, 4330 North Bay Road
4330 North Bay Road is a stunning example of Mediterranean architecture in Miami Beach....

Best Home Improvements for Resale Value
It could not be a better time for a homeowner to list their home for sale in Miami. The...

Biscayne Gets a New Development
The Melo Group of developers acquired 601 NE 23rd St last year and have conceived of 23...

520 West Ave Residence 2301
520 West Avenue is home of the Bentley Bay. Bentley Bay is comprised of two modern towers...

Spice 2013, Guide 101
Miami Spice is a program whereby most of the restaurants in the city encourage people to...

Hollywood has a New Hotel
Margaritaville Hollywood is coming to Hollywood Beach and is likely to completely alter...

Sustainable Waterfront Home on Normandy Isle, 1.85 Million
Rarely on the market do we find completely sustainable, off the grid, homes in Miami Beach....

Housing Inventory on the Rise at the Close of Summer
The Wallstreet Journal released numbers via Realtor.com regarding the inventory of available...

Warm Spanish Style Home Listed on the Sunset Islands
1844 W. 23rd Street is listed on the Miami Beach luxury real estate marketplace for $11...

Former Gansevoort Getting Complete Eco-Renovation
Last year the Perry Hotel, formerly the Gansevoort, was purchased for $230 million. The...

Affordable Luxury Waterfront on Hibiscus Island
A home that is considered affordable in Miami terms for waterfront is generally between...

Bart Reines New Masterpiece Released on the Market
Bart Reines is one of the worlds most impressive modern architects living, and he has just...

New Listing on La Gorce Island
98 La Gorce Court has just been listed for sale. This over 7800 square foot home with 8...