The Setai just broke yet another record this week. Andrew Rosen, co-owner of the clothing line Theory bought a 2521 square foot condo for $8.6 million in The Setai. It is a three bedroom three bath condo and the price per square foot also breaks a record for non-penthouse sale at $3,411 per square foot. This condo was most recently sold in May 2012 for $6.75 million to the Le Frak organization. According to The Real Deal this is a 74% over the median price per square foot paid for in the building on average. This is incredible news for sellers in the Miami Beach area.
The Setai has long been regarded as one of the premier hotels and residences in Miami. It led the way with the hotel residence model that offers resort style amenities to people who live there. Setai has some of the finest dining in South Florida and the style is zen minimalist. It is located in the heart of Miami Beach between 20th and 21st street on Collins ave and the views and location make it one of the most sought after real estate areas in Miami. Some amenities are floor to ceiling windows in residences, pre-wired condos, black granite flooring, whirlpool tubs, teak kitchen cabinetry, Miele appliances, sub-zero refrigeration, 24 hour security, 3 oceanfront swimming pools, incredible gardens, five star dining, and much more. For more information on The Setai and to see properties, contact us today.