The Real Deal Miami

Setai South Beach penthouse unit closes for $21.5 million

December 09, 2011 09:22AM


Setai South Beach

A 5,803-square-foot penthouse unit at the Setai South Beach has closed a
$21.5 million sale. The home, which was first purchased by Netscape
founder Jim Clark in 2004 for $9 million, was sold to a private
businessperson. The previous high sale at the Setai was a lower
penthouse that sold for $15 million last year. The deal was brokered by
One Sotheby’s International Realty agent Eloy Carmenate. “Miami is emerging as a super luxury market,” said One Sotheby’s
President Beth Butler. “This marks the fourth sale this year in excess
of $20 million and is a new high for a condo sale.” [South
Beach Real Estate Blog]

2 Responses to “Setai South Beach penthouse unit closes for $21.5 million”

  1. December 10, 2011 at 9:19 am, Farid Moussallem said:

    congratulations to Eloy and Mark!

  2. December 11, 2011 at 12:12 am, Anonymous said:

    What a spectacular place for the new Owner to enjoy! Congrats to the Seller’s Agent (Eloy Carmenate) and the Buyer’s Agent (Jeffrey Miller of Zilbert Realty Group) on a fabulous sale!

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