Most Expensive Private Residence in Miami Beach History: Setai Penthouse Sells for $27 Million
The buyer is unknown, according to The Wall Street Journal, but they'll be getting a 7,100-square-foot spread with four bedrooms, six baths, and 3,000-square-feet of rooftop terrace space. The residence takes up the entire 40th floor of the Setai.
The deal breaks the previous $25 million apartment record set by a penthouse at the Contiuum last year. Before that the Miami Beach condo record was held by the other penthouse at the Setai when it sold for $21.5 million in 2011. This penthouse had held the record before for it's 2010 $15 million sale to a group of European investors.
The investors had rented out the property for $30,000 a night stays, and customers included Madonna, Simon Cowell, Jim Carrey and U2.
So what does $27 million get you? Take a look.