Record Breaking Sale At Setai South Beach

By David Nguah


The New Year is off to a great start for Miami Beach real estate. It hasn't even been a full month into 2014 and a record-breaking sale has already taken place. The Setai South Beach unit 2201, is a 1,198 sf 2 bedroom 2 bathroom condo facing west that just closed for $2,775,000 ($2,316 per sf) the highest paid thus far for a non-oceanfront facing condo.

This spectacular Setai residence impeccably finished in the hotel package, which is an Asian inspired furniture and accessory package and framed by the unbelievable views of South Beach and downtown Miami. The condo features modern kitchens, and the top of the line finishes the Setai is very well-known for. As a condo-hotel, the Setai is very popular among absent vacation homeowners, as this provides owners with a residual income along with property management services for a top rated 5 star hotel chain. In the course of some of Miami Beach's major events such as the boat show, winter music conference and Art Basel and during the holiday season. Indeed, unit 2201 is currently enrolled in the Setai hotel package, giving the new owners the choice to rent their new home through the ultra-successful hotel program.

The Setai South Beach has just 163 residential condominiums, presently there are only 15 recorded properties available for sale. List prices range from, $850k ($2,253 for every sf ) - $25 million ($8,199 for every Sf). The $25 million residence is a 5,400 sf contemporary condo is a breathtaking direct ocean view 4 bedrooms, 4 bathrooms, gourmet kitchen and wrap around terrace townhouse.

Setai residents enjoy the 5-star amenities, e.g. room, maid, and valet services and have access to the Setai's on site restaurants, three-time swimming pools, with full beach and pool towel services, lush gardens, lavish spa, and much, much more. Miami Beach real estate is in full swing. Come discover all the amazing opportunities available in the American Riviera.

David Nguah of Majestic Properties has focused on luxury properties within the South Beach and the neighboring Miami Beach areas for the past 15 years. David Nguah has created property and community specific websites where you will find real-time data on properties available for sale and lease.




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