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Record Breaking Sale for a Luxury Oceanfront Penthouse at the Setai

January 16, 2013

We have seen many waterfront estates run over ten million in Miami, but we have never seen prices quite so high for luxury oceanfront condominiums. This seems to be a new trend in the luxury real estate market in Miami Beach.

The Setai, a luxury oceanfront condominium tower in South Beach just hit the highest price for a luxury penthouse at twenty seven million. This is the highest price ever paid for a condominium unit in South Florida, according to real estate records.

This magnificent oceanfront penthouse is located in South Beach, which is known for its restaurants, nightlife and beautiful beaches. Located on the 40th floor with 4 bedrooms, 4.5 bathrooms and 7100 square feet of luxury living space this penthouse is a spectacular residence.   

The Setai, is an elegant building featuring 175 residences with floor-to-ceiling glass windows. Residents enjoy panoramic views of the beach, the ocean and Miami’s skyline.

The second highest priced condominium unit sold in Miami was for an oceanfront penthouse located at the Continuum for twenty five million. The Continuum is also located in South Beach. 

Miami is definitely the place to be if you’re looking for luxury, fun and relaxation. More and more people are making Miami Beach their vacation destination and price is not an object.  

The Setai Located in South Beach

 

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