David Guetta buys Setai Miami Beach unit from Richard LeFrak

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

TRD MIAMI /
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

arrow_forward_ios
Alex Rodriguez (Credit: Getty Images and iStock)

Work out like A-Rod? Athlete inks Midtown Miami lease for UFC Gym

1771 North View Drive, Julian Johnston, Enrique Iglesias, and Caterine Gomez (Credit: Getty Images)

Enrique Iglesias’ former Miami Beach home trades for $13M

Manny Machado and Chad Carroll with 20 Tahiti Beach Island Road (Credit: Getty Images and Douglas Elliman)

Buyer revealed: Baseball player Manny Machado buys Tahiti Beach Island manse

From left: Dion Waiters, James Johnson, Erik Spoelstra, Dwayne Wade, LeBron James, Chris Bosh and Hassan Whiteside (Credit: Getty Images, iStock, Wikipedia Commons)

Heat Map: Here are the homes of Miami Heat’s elite

Dwyane Wade, Gabrielle Union and the North Bay Road home (Credit: Getty Images, Lux Hunters)

One last sale? Dwyane Wade lists Miami Beach estate for $33M

Harrison LeFrak and the Four Seasons Residences at the Surf Club (Credit: Getty Images)

Like father, like son: Harrison LeFrak joins dad at Four Seasons Surf Club

Daily Digest Miami

WeWork files IPO, Florida needs nearly 670K new apartments to fuel population growth: Daily digest

Construction of downtown Hollywood high-rise may start soon

arrow_forward_ios