Wednesday, April 30, 2008

Miami Beach Condo Sold For $2,000+ Per Square Foot


The Setai Courtyard at 20th and Collins Ave on Miami Beach

Who would have guessed that in a depressed real estate market like the one in Miami, a 3 bedroom condominium in Miami Beach could fetch over $2,000 per square foot? That is what happened just 2 days ago, when a condo on the 34th floor of the Setai sold for a very hefty $5,100,000. Located at 20th and Collins Ave. on South Beach, a now world renowned resort location, the Setai is one of the most exclusive buildings in all of South Florida.

Built in 2004, the Setai is a 40 story resort hotel and residential tower. The 34th floor condo (unit 3401) is actually 2 apartments that were put together to make a 3 bedroom, 3 bathroom condo. With approximately 2,500 square feet of living space, the unit has 2 master bedrooms and 2 balconies offering a 360-degree panoramic view of the ocean and the Miami skyline.

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