Miami Beach Record Breaking Sale At Setai South Beach

By David Nguah


2014 is off to an amazing start for Miami Beach real estate. We are barley through January, and record-breaking sales are already taking place. The Setai South Beach unit 2201, is 1,198 sq.ft 2 bedrooms 2 bathroom residence facing west that just sold for $2.775Million ($2,316 per sf) the most paid so far for a non-oceanfront facing condo in The Setai on South Beach.

Unit 2201 is an impressive Setai condo impeccably designed in the hotel package, which is an Asian inspired furniture and accessory package and framed by the extraordinary views of South Beach and downtown Miami. The condominium features modern kitchens, and top of the line finishes. As a condo-hotels are very popular among absent homeowners, as they provide owners with a residual revenue along with property management services. Setai is a top choice for renters, especially during some Miami Beach's major events such as the boat show, winter music conference and Art Basel and during the holiday season.

Residence 2201 has the standard Setai hotel furniture package and is now enrolled in the Setai hotel program, providing the new residents the option to rent the property through the very successful and lucrative hotel program. Condo hotels are great for an absent homeowner with 2nd and 3rd homes, as this allows owners the choice of gaining some income while not occupying the property. Setai condos are extremely favoured and rent extremely well especially during popular events in Miami Beach such as Art Basel, the boat show, and during the holidays.

There are now 15 other units available at the Setai that in the price ranges of $1,850,000 to 25,000,000. This translates to a price per sq footage from $2253 for a one bedroom to $8199 for a 4 bedroom. The later is a 5,400 sq ft masterpiece with 4 bedrooms, 4 bathrooms, gourmet kitchen, wrap around balconies, spa, sauna, steam rooms, and much more. Come to Miami Beach and discover the phenomenal real estate opportunities available and discover 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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