David Guetta buys Setai Miami Beach unit from Richard LeFrak

It’s available for rent asking $30k a month

Aug.August 15, 2018 04:30 PM

Setai unit and David Guetta

UPDATED Aug. 15, 6 p.m.: David Guetta has a new Miami Beach getaway at the Setai in Miami Beach that he purchased from New York developer Richard LeFrak.

Property records show the French DJ and music producer paid $9.5 million, or about $3,800 per foot, for unit 3709 at 101 20th Street in late June. LeFrak sold the 2,521-square-foot, three-bedroom corner unit to What a View LLC, managed by real estate agents Michael Wiesenfeld and Anita Zelda Freud.

David Guetta’s new Setai unit (Credit: Zillow)

The unit features two master suites, motorized shades and wraparound balconies. It’s listed for rent at $30,000 a month with Freud, according to Zillow.com. Wiesenfeld, of Barnes International Realty, told the Wall Street Journal that Guetta will be renting out the unit for most of the year.

David Guetta’s new Setai unit (Credit: Zillow)

Lourdes Gutierrez of Compass represented LeFrak in the off-market deal. LeFrak paid $6.75 million for the unit in 2012. The billionaire CEO of the LeFrak Organization also developed the nearby 1 Hotel & Homes South Beach with Barry Sternlicht.

Earlier this year, Russian oligarch Oleg Baibakov sold his penthouse at the Setai for $9.53 million, or nearly $2,700 per square foot. The building was also home to Theory co-founder Andrew Rosen, who sold his penthouse in 2017 for $8.5 million, or about $3,400 per foot.

David Guetta’s new Setai unit (Credit: Zillow)

The 40-story hotel-condo building features three oceanfront swimming pools, a spa, gardens and a gym. [WSJ] – Katherine Kallergis

Correction: A previous version of this story misstated who Lourdes Gutierrez represented.

Related Articles

Andre Agassi and Franklin Academy at 5000 Southwest 207th Terrace (Credit: Getty Images)

Agassi scores again with $61M charter school sale

From left: Dan Marino, Nick Bosa, Frank Gore, T.Y. Hilton, Rob “Gronk” Gronkowski, and Don Shula (Credit: Getty Images and iStock)

Ahead of Super Bowl LIV, here’s where pro football stars call home in South Florida

Rendering of the project, Victor G. Harvey, Sr. and Flo Rida

Flo Rida is building a vodka distillery in Fort Lauderdale Opportunity Zone

Chris “Birdman” Andersen and William Meyersohn (Credit: Getty Images)

Chris “Birdman” Andersen sells Pinecrest house for $2M

Don Shula and the Four Seasons Residences at The Surf Club (Credit: Getty Images)

Dolphin great Don Shula scores condo at Surf Club

From left: Jill Hertzberg and 1633 North View Drive, and Dr. Arthur Agatston and Sari Agatston (Credit: Getty Images)

South Beach Diet founder sheds Sunset Island home

Novak Djokovic and Eighty Seven Park (Credit: Getty Images)

Novak Djokovic pays $6M for Renzo Piano-designed condo

5400 Hammock Drive and Timbaland (Credit: Getty Images)

Timbaland drops $8M on Coral Gables mansion