EWM Realty International recently handled the sale of a condominium in The Setai Miami Beach for $7.8 million—the highest price paid for a non-penthouse unit in the building so far.
In January, a penthouse unit in The Setai sold for $27 million.
This particular unit is a three bedroom, 3.5 bathroom, 2,258-square-foot condo directly on the water.
The $7.8 million sales price breaks down to approximately $3,454 per square foot.
Lourdes Gutierrez, of EWM’s Coral Gables-South Miami office, represented the seller. Gutierrez also represented the buyer in a $7.2 million sale of a condo in The Setai last June.
The Setai Miami Beach includes both hotel and residential components, and is located at 2001 Collins Avenue.
“Sales in The Setai have been outstanding—a reflection of what’s happening across South Florida in terms of high-end residential real estate transactions,” said Gutierrez.