Setai Resort Sold for $21.5 Million | Haute Living Magazine

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Haute Living Los Angeles March/April 2012

The World’s Most Expensive Beach Apartment Sold for $21.5 Million Dollars

by Laura Yarborough

"Photos: Kevin Tomlinson"

The South Beach condo was sold below its listed price at $21.5 million, less than 5.5 million of the asking price. Despite the low sell, Penthouse A at the Setai South Beach Resort in Miami set a new record for being the most expensive single condo unit to be sold. The South Beach apartment was sold at $3,704 per square foot. A pretty penny for such a luxurious South Beach condo, but despite the cost of the estate, what makes this residence so unique is its amenities. The 40-storey resort offers a huge rooftop terrace, along with a private pool, four bathrooms and four bedrooms, the stunning view of the Atlantic Ocean and the South Beach, plus 5803 square feet of space. In 2004, the Setai was purchased by Jim Clark, the founder of Netscape for $9 million, not to mention last year the lower penthouse at the resort was sold for $15 million. The new owner has not been disclosed yet.

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: “Photos: Kevin Tomlinson”

Dec 12, 2011 9:07 PM

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