Penthouse A at the Setai South Beach Resort in Miami has become the world’s most expensive penthouse ever sold, selling for a massive $21.5 million.
Described as the ‘mack daddy’ of penthouses, it has the highest-ever selling price per square foot at $3,704.
The Miami Beach condo is a 5803 square-foot, multi-storey residence that sits at the top of The Setai, overlooking the popular South Beach and the Atlantic Ocean.
It features four bedrooms and four bathrooms, as well as a spacious, outdoor rooftop terrace with a private pool.
The condo sits on top of the world-famous 40-storey Setai Resort, which is serviced by Singapore-based, five-star hotel management company GHM Hotels.
The property was previously owned by Netscape founder Jim Clark, who originally purchased the condo in 2004 ‘decorator ready’ for $9 million.
The identity of the new buyer has not yet been revealed, but it is said to be a businessperson rather than a celebrity.
The $21.5 million price tag beats the previous sales price record in the area set in 2010 when the lower Setai penthouse was sold for $15 million.
Zilbert Realty Group’s Jeffrey M. Miller, who brokered the sale, said: “The penthouse is unlike any other.
“Miami Beach continues to introduce world-class, luxury residences to buyers seeking the absolute best in living.”
South Beach Condo Blog’s Kevin Tomlinson said: “I’m certain that no unit ever has obtained in excess of $3,700 per square foot.”
So far this year, there have been four properties that have sold for around the $20 million mark in Miami Beach.
View Comments
Loading ...
