$4,275,000
SOLD MAY 29, 2025
2 Beds
2 Baths
1,242 Sq Ft
$5,647/mo HOA Fee

Recently Sold

$3,442 Per Sq Ft

9% Below List Price

88 Days on Market

Highlights

  • Doorman
  • Bar or Lounge
  • Fitness Center
  • Ocean Front
  • Private Beach Pavilion
  • 3-minute walk to Collins Park

About This Home

As of May 2025

Indulge in the unparalleled lifestyle of The Setai South Beach, where the comforts of home meet the prestige of a 5-star hotel. This southeastern-facing residence in the coveted ’08 line is one of only two layouts offering direct, unobstructed ocean views. Step onto the expansive private terrace & take in the endless beauty of the Atlantic, perfect for relaxing or entertaining in style. With breathtaking vistas from every room, this residence seamlessly blends luxury & tranquility. As a resident, enjoy exclusive access to The Setai’s world-class amenities, including three infinity-edge pools, a full-service spa, award-winning dining, 24-hour concierge, and dedicated beach service. Immerse yourself in the ultimate fusion of serenity, luxury, and vibrant South Beach living.

Last Agent to Sell the Property

Mick Duchon

The Corcoran Group License #3225793 Listed on: 01/30/2025

The Corcoran Group

Co-Listed By

Eloy Carmenate

The Corcoran Group License #3008688

Last Buyer's Agent

Benjamin Moss

Compass Florida, LLC License #0698207

Compass Florida, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $62,739

Year Built

  • Built in 2005

HOA Fees

  • $5,647 Monthly HOA Fees

Parking

  • 1 Car Garage

Property Views

Home Design

  • Entry on the 22nd floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,242 Sq Ft Home
  • Built-In Features

Kitchen

  • Built-In Oven
  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Closet Cabinetry
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Additional Features

  • Property has ocean access
  • Ocean Front
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-32-34-153-2320

Community Details

Overview

  • High-Rise Condominium
  • Setai Condos
  • Setai Resort & Residences Subdivision
  • 40-Story Property

Amenities

  • Doorman
  • Valet Parking
  • Sauna
  • Community Kitchen
  • Business Center
  • Bar or Lounge

Recreation

  • Private Beach Pavilion
  • Community Spa

Pet Policy

  • Breed Restrictions

Building Details

Security

  • Secure Elevator
  • High Impact Door

Property Details

Home Type

Condominium

Est. Annual Taxes

$62,739

Year Built

Built in 2005

Lot Details

0

HOA Fees

$5,647 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 2005
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Co List Office Mls Id: CSMG02
  • Co List Office Phone: 305-395-4982
  • Entry Level: 22
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Deeded Beach Access
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: SETAI RESORT & RESIDENCES
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Electric Range, Wall Oven, Washer
  • Interior Amenities: First Floor Entry, Built-in Features, Closet Cabinetry, Other, Walk-In Closet(s)
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: High Impact Doors
  • Flooring: Other
  • Furnished: Unfurnished
  • Living Area: 1242
  • Possible Use: Unknown/Withheld
  • Stories: 40
  • Bedroom Features: Entry Level

Exterior Features

  • View: Ocean View, Direct Ocean, Other View, Skyline
  • Construction Type: CBS Construction
  • Pool Private: Yes
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: Setai
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: Valet

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Doorman, Elevator Secure

Condo/Co-op/Association

  • Association Fee: 5647
  • Amenities: Bar, Business Center, Exercise Room, Kitchen Facilities, Other, Private Beach Pavilion, Private Pool, Sauna, Spa/Hot Tub
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-32-34-153-2320
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Maintenance Expense: 5647

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 62739

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 30, 2025
Closed on
May 27, 2025
Sold by
West Benidorm Llc
Bought by
Guru 2208 Llc
Seller's Agent
Mick Duchon
The Corcoran Group
Buyer's Agent
Benjamin Moss
Compass Florida, LLC
List Price
$4,695,000
Sold Price
$4,275,000
Premium/Discount to List
-$420,000
-8.95%
Views
3
Current Estimated Value
$4,190,341

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$84,659
Avg. Annual Appreciation
-6.66%
Original Mortgage
$2,992,500
Outstanding Balance
$2,984,817
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$1,205,524

Purchase Details

Closed on
Oct 22, 2012
Sold by
7663 Fenwick Place Llc
Bought by
West Benidorm Llc

Purchase Details

Closed on
Jun 18, 2010
Sold by
Bayer Matthew
Bought by
7663 Fenwick Place Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,323,000
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 1, 2005
Sold by
Setai Owners Llc
Bought by
Bayer Matthew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,190,000
Interest Rate
1%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $4,275,000 None Listed On Document
Warranty Deed $4,275,000 None Listed On Document
Warranty Deed $2,900,000 Attorney
Warranty Deed $1,890,000 Attorney
Special Warranty Deed $1,700,000 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,992,500 New Conventional
Closed $2,992,500 New Conventional
Previous Owner $1,323,000 New Conventional
Previous Owner $1,190,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2025 05/29/25 Sold $4,275,000 -8.9% $3,442 / Sq Ft
04/28/2025 04/28/25 Pending -- -- --
01/30/2025 01/30/25 For Sale $4,695,000 -- $3,780 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $62,739 $3,545,639 -- --
2024 $59,537 $3,223,309 -- --
2023 $59,537 $2,930,281 $0 $0
2022 $55,614 $2,959,880 $0 $0
2021 $50,895 $2,604,694 $0 $0
2020 $52,093 $2,690,800 $0 $0
2019 $61,345 $3,165,600 $0 $0
2018 $62,659 $3,332,165 $0 $0
2017 $62,144 $3,142,789 $0 $0
2016 $60,511 $2,857,081 $0 $0
2015 $64,901 $2,864,239 $0 $0
2014 $57,245 $2,603,854 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11734833

MIAMI REALTORS® MLS

APN: 02-3234-153-2320