NOT LISTED FOR SALE

Estimated Value: $4,092,000 - $5,091,000

2 Beds
2 Baths
1,316 Sq Ft
$6,184/mo HOA Fee

Last Sold March 29, 2024

Last sale price $4,800,000 $3,647 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $35,879/month

125 Days on Market

Highlights

  • Valet Parking
  • Property has ocean access
  • Bar or Lounge
  • Ocean View
  • Community Cabanas
  • 3-minute walk to Collins Park

About This Home

As of March 2024

Introducing this stunning PHC residence 2-bedroom, 2-bathroom in Miami Beach's prestigious Setai. This 1,316 SF oasis, located in the iconic 5-star Setai, boasts mesmerizing views of the beach and city skyline. Remodeled with custom floors and built-ins, the kitchen features Miele, and Subzero appliances. Enjoy top-tier amenities, including 3 infinity pools, 5-star restaurants, a state-of-the-art gym and spa, full-time concierge, pool and beach service, and unparalleled access to the best of Miami Beach. Experience coastal luxury living at its finest at the Setai.

Last Agent to Sell the Property

Anna Sherrill

One Sotheby's International Re License #0692650 Listed on: 10/27/2023

Co-Listed By

Saddy Delgado

One Sotheby's International Realty License #0430423

Last Buyer's Agent

Stephanie Jourdan Pedron

Consultants Immobilier Inc License #3377957

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $50,415

Year Built

  • Built in 2004

Lot Details

  • Waterfront
  • East Facing Home

HOA Fees

  • $6,184 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,316 Sq Ft Home
  • Wood Flooring

Kitchen

  • Electric Range
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Property has ocean access

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-32-34-153-2110

Community Details

Overview

  • Mid-Rise Condominium
  • The Setal Condos
  • Setai Resort & Residences Subdivision

Amenities

  • Valet Parking
  • Sauna
  • Bar or Lounge

Recreation

  • Community Cabanas
  • Community Spa

Pet Policy

  • Breed Restrictions

Building Details

  • Maintenance Expense $2,300

Property Details

Home Type

Condominium

Est. Annual Taxes

$50,415

Year Built

Built in 2004

Lot Details

0

HOA Fees

$6,184 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 2004
  • Property Sub Type: Condominium
  • Co List Office Mls Id: OSIR01
  • Co List Office Phone: 305-666-0562
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Other
  • 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
  • Stories: 0

Interior Features

  • Appliances: Dryer, Microwave, Electric Range, Refrigerator, Washer
  • Interior Amenities: Other
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Wood
  • Furnished: Unfurnished
  • Living Area: 1316
  • Possible Use: Unknown/Withheld
  • Bedroom Features: Entry Level
  • Master Bathroom Features: Separate Tub & Shower

Exterior Features

  • View: Ocean View
  • Exterior Features: Other, Open Balcony
  • Construction Type: CBS Construction
  • Direction Faces: East
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: The Setal
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space, Valet

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Other

Condo/Co-op/Association

  • Association Fee: 6184
  • Amenities: Bar, Cabana, Exercise Room, Heated Pool, Pool, Sauna, Spa/Hot Tub
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-32-34-153-2110
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Maintenance Expense: 2300

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 50415

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2023
Closed on
Mar 29, 2024
Sold by
American Latin Entertainment Corp
Bought by
Jaya Paradise Llc
Seller's Agent
Anna Sherrill
One Sotheby's International Re
Buyer's Agent
Stephanie Jourdan Pedron
Consultants Immobilier Inc
List Price
$5,500,000
Sold Price
$4,800,000
Premium/Discount to List
-$700,000
-12.73%
Views
99
Current Estimated Value
$4,491,923

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$308,077
Avg. Annual Appreciation
-5.60%

Purchase Details

Listed on
May 7, 2012
Closed on
May 31, 2012
Sold by
Jr 44 Setai 3003 Llc
Bought by
American Latin Entertainment Corp
Seller's Agent
Eloy Carmenate
The Corcoran Group
Buyer's Agent
Juan Alvarez
MMLS Assoc.-Inactive Member
List Price
$2,626,000
Sold Price
$2,626,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.23%

Purchase Details

Closed on
May 24, 2007
Sold by
Rodstein T Kimberly and Perez Lourdes
Bought by
Jr 44 Setai 3003 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,358,000
Interest Rate
6.16%
Mortgage Type
Negative Amortization
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 Buyer Sale Price Title Company
Jaya Paradise Llc $4,800,000 None Listed On Document
American Latin Entertainment Corp $2,626,000 Attorney
Jr 44 Setai 3003 Llc $2,600,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner American Latin Entertainment Corporation $2,250,000
Previous Owner Jr 44 Setai 3003 Llc $1,358,000
Previous Owner Rodstein Henry $2,165,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2024 03/29/24 Sold $4,800,000 -12.7% $3,647 / Sq Ft
02/29/2024 02/29/24 Pending -- -- --
10/27/2023 10/27/23 For Sale $5,500,000 +109.4% $4,179 / Sq Ft
05/31/2012 05/31/12 Sold $2,626,000 0.0% $1,869 / Sq Ft
05/07/2012 05/07/12 For Sale $2,626,000 -- $1,869 / Sq Ft
04/30/2012 04/30/12 Pending -- -- --
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 $58,649 $3,737,611 -- --
2024 $55,646 $3,020,024 -- --
2023 $55,646 $2,745,477 $0 $0
2022 $50,415 $2,634,549 $0 $0
2021 $47,685 $2,440,424 $0 $0
2020 $48,808 $2,521,100 $0 $0
2019 $57,477 $2,966,000 $0 $0
2018 $59,333 $3,155,310 $0 $0
2017 $60,087 $3,155,310 $0 $0
2016 $68,631 $3,073,637 $0 $0
2015 $59,227 $2,794,216 $0 $0
2014 $55,293 $2,540,197 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11475495

MIAMI REALTORS® MLS

APN: 02-3234-153-2110