NOT LISTED FOR SALE

Estimated Value: $2,835,000 - $3,699,000

2 Beds
2 Baths
1,565 Sq Ft
$7,279/mo HOA Fee

Last Sold April 16, 2024

Last sale price $2,875,000 $1,837 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $29,951/month

244 Days on Market

Highlights

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

About This Home

As of April 2024

AUCTION BIDDING OPEN: Bidding ends December 14th. Previously Listed $3.8M. Current High Bid $1.5M. No Reserve. Showings Daily By Appt. Miami Beach’s Setai beckons with unrivaled luxury. This five-star icon, soaring 40 stories high, proudly stands as one of Miami’s tallest residential oceanfront escapes, world-renowned amenities, personalized services creating a dreamy resort experience inspired by Asian Art Deco. The designer-finished condo exceeds expectations with 20-foot ceilings, framing the turquoise Atlantic through expansive windows. Timeless elegance graces every corner, featured in Architectural Digest. Bright, inviting spaces, including a kitchen and a wrap-around balcony, rival the allure of the Setai's incredible amenities—3 pools, 2 restaurants, private beach service and more.

Last Agent to Sell the Property

Joelle Oiknine

One Sotheby's International Realty License #3046848 Listed on: 04/27/2023

Last Buyer's Agent

Jeffrey Franzoni

MMLS Assoc.-Inactive Member License #3334095

MMLS Assoc.-Inactive Member

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $45,680

Year Built

  • Built in 2004

HOA Fees

  • $7,279 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Secured Garage or Parking

Property Views

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,565 Sq Ft Home
  • Furnished
  • Vaulted Ceiling
  • Blinds
  • Combination Dining and Living Room
  • Electric Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Closet Cabinetry
  • 2 Full Bathrooms
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Home Security

Additional Features

  • Ocean Front
  • East of U.S. Route 1
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-32-34-153-0910

Community Details

Overview

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

Amenities

  • Valet Parking
  • Sauna
  • Trash Chute
  • Bar or Lounge
  • Secure Lobby

Recreation

  • Private Beach Pavilion
  • Community Spa
  • Bike Trail

Pet Policy

  • Breed Restrictions

Security

  • Secure Elevator
  • High Impact Windows

Property Details

Home Type

Condominium

Est. Annual Taxes

$45,680

Year Built

Built in 2004

Lot Details

0

HOA Fees

$7,279 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 2004
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Entry Level: 15
  • 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: 4160

Interior Features

  • Appliances: Dryer, Electric Range, Refrigerator, Washer
  • Interior Amenities: Closet Cabinetry, Split Bedroom, Volume Ceilings
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Other
  • Furnished: Furnished
  • Living Area: 1565
  • Possible Use: Unknown/Withheld
  • Stories: 43
  • Window Features: Blinds, High Impact Windows, Impact Glass
  • Bedroom Features: Entry Level
  • Dining Room Features: Dining/Living Room
  • Master Bathroom Features: Dual Sinks, Separate Tub & Shower

Exterior Features

  • View: Ocean View, Skyline, Water View
  • Exterior Features: East Of Us1, Open Balcony
  • Construction Type: CBS Construction
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: SETAI RESORT & RESIDENCES
  • 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: Elevator Secure, Secured Garage/Parking, Lobby Secured

Condo/Co-op/Association

  • Association Fee: 7279
  • Amenities: Bar, Bike/Jog Path, Elevator(s), Exercise Room, Heated Pool, Exterior Lighting, Pool, Private Beach Pavilion, Sauna, Spa/Hot Tub, Trash Chute
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Lot Info

  • Parcel Number: 02-32-34-153-0910
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 45680

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2023
Closed on
Apr 15, 2024
Sold by
Barman John
Bought by
Setai Thc Llc
Seller's Agent
Joelle Oiknine
One Sotheby's International Realty
Buyer's Agent
Jeffrey Franzoni
MMLS Assoc.-Inactive Member
List Price
$3,800,000
Sold Price
$2,875,000
Premium/Discount to List
-$925,000
-24.34%
Views
163
Current Estimated Value
$3,374,540

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$499,540
Avg. Annual Appreciation
12.50%

Purchase Details

Closed on
Nov 11, 2006
Sold by
Morales Ibra Bauza and Arbucias Mirma
Bought by
Barman John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.62%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 21, 2004
Sold by
Setai Owners Llc
Bought by
Morales Ibra Bauza and Arbucias Mirma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$740,000
Interest Rate
6.24%
Mortgage Type
Unknown
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
Setai Thc Llc $2,650,000 My Home Title
Barman John $1,700,000 Attorney
Morales Ibra Bauza $925,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Setai Thc Llc $2,000,000
Previous Owner Barman John $1,032,500
Previous Owner Barman John S $1,013,000
Previous Owner Barman John $1,000,000
Previous Owner Morales Ibra Bauza $740,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/16/2024 04/16/24 Sold $2,875,000 -12.9% $1,837 / Sq Ft
12/27/2023 12/27/23 Pending -- -- --
12/26/2023 12/26/23 Price Changed $3,300,000 +120.0% $2,109 / Sq Ft
12/01/2023 12/01/23 Price Changed $1,500,000 -60.5% $958 / Sq Ft
04/27/2023 04/27/23 For Sale $3,800,000 -- $2,428 / 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 $51,424 $3,064,633 -- --
2024 $48,713 $2,709,841 -- --
2023 $48,713 $2,463,492 $0 $0
2022 $45,680 $2,239,539 $0 $0
2021 $40,536 $2,074,520 $0 $0
2020 $41,490 $2,143,100 $0 $0
2019 $47,922 $2,521,300 $0 $0
2018 $45,690 $2,801,457 $0 $0
2017 $43,938 $2,020,427 $0 $0
2016 $43,160 $1,836,752 $0 $0
2015 $42,132 $1,669,775 $0 $0
2014 $36,973 $1,517,978 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11375426

MIAMI REALTORS® MLS

APN: 02-3234-153-0910