A year after going into contract to buy a trophy estate in Indian Creek Village, French DJ and music producer David Guetta sold his Setai Miami Beach condo for $16 million.
Guetta sold unit 3709 in the tower at 101 20th Street to an undisclosed buyer. The sale closed last week, and the deed has yet to be recorded.
Michael Wiesenfeld of the Corcoran Group represented the seller, and Eloy Carmenate, Mick Duchon and Joshua Winarick, also of Corcoran, brought the buyer. At $6,337 per square foot, the deal sets a price per square foot record for Miami Beach, according to a Corcoran spokesperson.
Guetta is a French DJ known for producing some of the most popular songs of the 2000s and 2010s. His discography includes “Where Them Girls At,” featuring Flo Rida and Nicki Minaj; “Without You,” featuring Usher; and “Titanium,” featuring Sia. He’s also won two Grammy Awards.
Guetta bought the Setai condo from developer Richard LeFrak in 2018 for $9.5 million. The 2,500-square-foot unit has three bedrooms and three bathrooms, property records show. The 40-story oceanfront condo-hotel was built in 2005, and has more than 160 units, according to published reports. The billionaire Nakash family, which founded Jordache Jeans and has an estimated $1.9 billion net worth according to Forbes, bought the hotel portion for $90 million in 2014.
For his part, Guetta is considerably upsizing from the Setai unit. Last year, he went into contract to buy a 1.2-acre spec estate with 118 feet of waterfront in Indian Creek Village. Spec developer Todd Glaser and his partners have the 16,000-square-foot mansion listed for $69 million, and the sale is still pending.
Guetta will have plenty of celebrity neighbors on the private island. Indian Creek has been a hub of trophy deals attached to big names in recent years. Since October, billionaire Amazon founder Jeff Bezos has snapped up three homes on the island in three separate deals totaling $234 million. Dutch magnetics heir Geert-Jan Bakker sold his waterfront estate to an undisclosed buyer for $64.5 million in May. In July, Tom Brady scored a $35 million construction loan for the mansion he’s building on the island. Ivanka Trump and Jared Kushner bought a home on the island for $24 million in 2021.