Business

Most Expensive Private Residence in Miami Beach History: Setai Penthouse Sells for $27 Million

Both the records for the most expensive sale of a private residence in Miami Beach and the most expensive condo in all of South Florida have been busted once again. Penthouse B at the Setai broke the record by selling for a cool $27 million. Its actually the second time...
Carbonatix Pre-Player Loader

Audio By Carbonatix

Both the records for the most expensive sale of a private residence in Miami Beach and the most expensive condo in all of South Florida have been busted once again. Penthouse B at the Setai broke the record by selling for a cool $27 million. Its actually the second time that the same property broke the condo record. It sold in 2010 for $15 million, which at the time was the most expensive sale of an apartment in Miami Beach.


The buyer is unknown, according to The Wall Street Journal, but they’ll be getting a 7,100-square-foot spread with four bedrooms, six baths, and 3,000-square-feet of rooftop terrace space. The residence takes up the entire 40th floor of the Setai.

The deal breaks the previous $25 million apartment record set by a penthouse at the Contiuum last year. Before that the Miami Beach condo record was held by the other penthouse at the Setai when it sold for $21.5 million in 2011. This penthouse had held the record before for it’s 2010 $15 million sale to a group of European investors.

The investors had rented out the property for $30,000 a night stays, and customers included Madonna, Simon Cowell, Jim Carrey and U2.

When news happens, Miami New Times is there —
Your support strengthens our coverage.

We’re aiming to raise $30,000 by December 31, so we can continue covering what matters most to you. If Miami New Times matters to you, please take action and contribute today, so when news happens, our reporters can be there.

$30,000

So what does $27 million get you? Take a look.

Follow Miami New Times on Facebook and Twitter @MiamiNewTimes.

GET MORE COVERAGE LIKE THIS

Sign up for the This Week’s Top Stories newsletter to get the latest stories delivered to your inbox

Loading latest posts...