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Jan. 18, 2013

Sentai Penthouse $27M Sale Sets New Record for South Florida

By Georgiana Mihaila, Associate Editor

One of the coveted penthouse residences atop Miami Beach’s famed Setai Resort has just set a new record for the most expensive condominium ever sold in South Florida. An anonymous buyer paid $27 million for the 7,100-square-foot residence.

Jeff Miller of Zilbert International Realty was the broker involved in the deal; Miller also set the prior sales record at The Setai in December 2011, when he brokered the sale of another penthouse for $21.5 million.

“The Setai residences are among the most luxurious in Miami Beach,” noted Mark Zilbert, president and CEO of Zilbert International Realty. “Homeowners are able to benefit from world-class, five-star amenities and services provided to them from the Setai Hotel and Resort.”

Encompassing the entire 40th floor, the sprawling residence overlooking South Beach and the Atlantic Ocean features over 7,100 square feet of living space with floor-to-ceiling windows, 4 bedrooms, 4 and-a-half bathrooms, and a spectacular outdoor rooftop terrace with private pool and hot tub.

The home’s gourmet kitchen is fully-equipped with SubZero and Gagenau appliances. Designer bathrooms feature marble flooring, Duravit sink vanities and Dorenbracht fixtures. Located at 101 20th St., The Setai Residences feature 163 residences, ranging in size from 767 to 7,100 square feet.

The Miami Herald reports that there is another listing on the market that could easily top the Setai sale if the sale price will be anywhere near the asking price. Penthouse 2 in the decade-old Continuum South tower at 100 South Pointe Dr. in the South of Fifth neighborhood is currently on the market for $39 million.