The Real Deal Miami

David Guetta buys Setai Miami Beach unit from Richard LeFrak

It’s available for rent asking $30k a month
August 15, 2018 04:30PM

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 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.