$3,900,000
SOLD JUL 12, 2024
2 Beds
2 Baths
1,565 Sq Ft
$5,505/mo HOA Fee

Recently Sold

$2,492 Per Sq Ft

2% Below List Price

Highlights

  • Doorman
  • Bar or Lounge
  • Wood Flooring
  • Ocean Front
  • Fitness Center
  • 3-minute walk to Collins Park

About This Home

As of July 2024

Rare opportunity to own one of only 5 townhome units in the luxurious Setai Residences, Miami Beach. Located in the coveted Art Deco District of South Beach, this 40 story landmark building offers an unparalleled resort experience with 5-star amenities. This south-facing 2 bedroom, 2 bathroom unit features 20 foot ceilings, open floor plan, Brazilian teak and flamed granite floors, rainfall showers, jacuzzi tub, and spacious terrace with private hot tub. Enjoy stunning views of ocean and skyline. Amenities include three infinity pools, private beach access, full spa and health club and two award winning restaurants. Complete with 24 hr room service and valet parking. Great investment opportunity, including short and long term rentals, and potential to rent through Setai’s hotel program.

Last Agent to Sell the Property

Matt Lill

The Corcoran Group License #3497116

The Corcoran Group

Last Buyer's Agent

Catherine Kalifeh

Compass Florida, LLC. License #3566306

Compass Florida, LLC.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $43,659

Year Built

  • Built in 2004

HOA Fees

  • $5,505 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Property Views

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,565 Sq Ft Home
  • Furnished
  • Wood Flooring

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Bidet
  • Dual Sinks
  • Jettted Tub and Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer

Home Security

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Ocean Front

Listing and Financial Details

  • Assessor Parcel Number 02-32-34-153-0930

Community Details

Overview

  • High-Rise Condominium
  • Setai Condos
  • Setai Resort & Residences Subdivision
  • Property has 1 Level

Amenities

  • Doorman
  • Valet Parking
  • Sauna
  • Trash Chute
  • Bar or Lounge
  • Bike Room

Recreation

  • Community Spa

Pet Policy

  • Breed Restrictions

Security

  • Secure Elevator
  • Complete Electric Power Shutters
  • Complete Impact Glass
  • High Impact Door
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$43,659

Year Built

Built in 2004

Lot Details

0

HOA Fees

$5,505 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
  • Unit Levels: 1
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: SETAI RESORT & RESIDENCES
  • Year Built Details: Resale
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Other Equipment/Appliances, Electric Range, Refrigerator, Washer
  • Interior Amenities: Other
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: High Impact Doors
  • Flooring: Wood
  • Furnished: Furnished
  • Living Area: 1565
  • Possible Use: Primary
  • Stories: 40
  • Window Features: Complete Electric Power Shutters, Complete Impact Glass
  • Bedroom Features: Other
  • Master Bathroom Features: Bidet, Dual Sinks, Separate Tub & Shower, Whirlpool/Spa

Exterior Features

  • View: Ocean View, Skyline
  • Exterior Features: 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

  • Attached Garage: Yes
  • Park Building Name: SETAI
  • 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: Smoke Detector, Doorman, Elevator Secure

Condo/Co-op/Association

  • Association Fee: 5505
  • Amenities: Bar, Bike Storage, Elevator(s), Exercise Room, Heated Pool, Pool, Sauna, Spa/Hot Tub, Trash Chute
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-32-34-153-0930
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 43659

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2024
Closed on
Jun 21, 2024
Sold by
Rowan Marcus Roy
Bought by
Falcon Set Holding Llc
Seller's Agent
Matt Lill
The Corcoran Group
Buyer's Agent
Catherine Kalifeh
Compass Florida, LLC.
List Price
$3,995,000
Sold Price
$3,900,000
Premium/Discount to List
-$95,000
-2.38%
Views
6
Current Estimated Value
$3,896,745

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,255
Avg. Annual Appreciation
-0.09%
Original Mortgage
$3,535,000
Outstanding Balance
$3,508,253
Interest Rate
6.99%
Mortgage Type
New Conventional
Estimated Equity
$388,492

Purchase Details

Closed on
Jun 19, 2009
Sold by
Breene Jonathan
Bought by
Rowan Marcus Roy

Map

Range of Values:

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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 $3,900,000 None Listed On Document
Warranty Deed $1,300,000 Florida Title Escrow & Abstr
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $3,535,000 New Conventional
Previous Owner $1,400,000 Fannie Mae Freddie Mac
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/13/2024 07/13/24 For Sale $3,995,000 +2.4% $2,553 / Sq Ft
07/12/2024 07/12/24 Sold $3,900,000 -- $2,492 / Sq Ft
Source: MIAMI REALTORS® MLS

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
2024 $48,497 $2,697,830 -- --
2023 $48,497 $2,452,573 $0 $0
2022 $45,478 $2,229,612 $0 $0
2021 $40,356 $2,065,324 $0 $0
2020 $38,233 $2,133,600 $0 $0
2019 $38,872 $2,510,100 $0 $0
2018 $35,679 $2,510,054 $0 $0
2017 $34,596 $1,414,277 $0 $0
2016 $34,314 $1,285,707 $0 $0
2015 $33,756 $1,168,825 $0 $0
2014 $29,454 $1,062,569 $0 $0
Source: Public Records

Source: MIAMI REALTORS® MLS

MLS Number: A11623159

MIAMI REALTORS® MLS

APN: 02-3234-153-0930