NOT LISTED FOR SALE

The Setai Floor 40 Miami Beach, FL 33139

Miami Beach Boardwalk Neighborhood

Estimated Value: $5,169,000

4 Beds
6 Baths
7,107 Sq Ft
2005 Built

Last Sold January 14, 2013

Last sale price $27,000,000 $3,799 Per Sq Ft

Current estimated payment $43,630/month

160 Days on Market

Highlights

  • Doorman
  • Bar or Lounge
  • Sitting Area In Primary Bedroom
  • Ocean Front
  • Penthouse
  • 3-minute walk to Collins Park

About This Home

As of January 2013

Superlative, spectacular, sumptuous! Immerse yourself in private roof-top pool, or be captivated by the music from the Steinway piano in the music room. With ever-enchanting views, detail-dedicated design, this one floor level penthouse defines excellence in accommodation across the globe. Luxury building with full services: 24h concierge, restaurants, gym&spa, pool and beach services.

Last Agent to Sell the Property

Janne Keskinen

Blue Key Realty License #3221645 Listed on: 08/06/2012

Last Buyer's Agent

Jeff Miller

One Sotheby's International Realty License #3173481

One Sotheby's International Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $125,928

Year Built

  • Built in 2005

HOA Fees

  • $11,859 Monthly HOA Fees

Parking

  • 2 Car Garage

Property Views

Home Design

  • Penthouse
  • Entry on the 40th floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 7,107 Sq Ft Home
  • Custom Mirrors
  • Furnished
  • Built-In Features
  • Vaulted Ceiling

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Sitting Area In Primary Bedroom
  • Closet Cabinetry
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Property has ocean access

Additional Features

  • Ocean Front
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-32-34-153-2500

Community Details

Overview

  • High-Rise Condominium
  • Setai Condos
  • Setai Subdivision
  • 41-Story Property

Amenities

  • Doorman
  • Valet Parking
  • Bar or Lounge

Recreation

  • Community Spa

Pet Policy

  • Breed Restrictions

Building Details

Security

  • Card or Code Access
  • Secure Elevator
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$125,928

Year Built

Built in 2005

Lot Details

0 Sq Ft Lot

HOA Fees

$11,859 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2005
  • Property Sub Type: Condominium
  • Architectural Style: High Rise, Penthouse
  • Entry Level: 40
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Unrestricted Salt Water Access
  • Unit Levels: 0
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: Setai
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • LastStatus: Temp Off Market
  • CurrentPrice: 27000000
  • InternetRemarks: Superlative, spectacular, sumptuous one floor level penthouse in the sky. Luxury building with full services.
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Washer
  • Interior Amenities: Built-in Features, Closet Cabinetry, Custom Mirrors, Other, Vaulted Ceiling(s), Walk-In Closet(s)
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 4
  • Flooring: Marble, Other, Wood
  • Furnished: Furnished
  • Living Area: 7107
  • Possible Use: Unknown/Withheld
  • Stories: 41
  • Bedroom Features: Sitting Area - Primary Bedroom

Exterior Features

  • View: Intracoastal View, Direct Ocean, Other View
  • Exterior Features: Open Balcony
  • Construction Type: CBS Construction
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: Setai
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: 2 Or More Spaces, Valet

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Fire Alarm, Smoke Detector, Doorman, Elevator Secure, Card Entry

Condo/Co-op/Association

  • Association Fee: 11859
  • Amenities: Bar, Elevator(s), Heated Pool, Other, Pool, Spa/Hot Tub
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-32-34-153-2500

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2010
  • Tax Annual Amount: 125928

Multi Family

  • Maintenance Expense: 11859

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2012
Closed on
Jan 11, 2013
Sold by
Setal Ph Villa B Llc
Bought by
Flph Llc
Seller's Agent
Janne Keskinen
Blue Key Realty
Buyer's Agent
Jeff Miller
One Sotheby's International Realty
List Price
$36,000,000
Sold Price
$27,000,000
Premium/Discount to List
-$9,000,000
-25%
Current Estimated Value
$5,169,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$21,831,000
Avg. Annual Appreciation
-11.80%

Purchase Details

Closed on
Jun 3, 2010
Sold by
Barroway Andrew L and Barroway Elyse
Bought by
Setai Ph Villa B Llc

Purchase Details

Closed on
May 25, 2004
Sold by
Setai Owners Llc
Bought by
Barroway Andrew L and Barroway Elyse

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,100,000
Interest Rate
6.25%
Mortgage Type
Unknown
Source: Public Records
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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
Flph Llc $2,700,000 Attorney
Setai Ph Villa B Llc $15,000,000 Attorney
Barroway Andrew L $9,500,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Barroway Andrew L $5,100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/14/2013 01/14/13 Sold $27,000,000 0.0% $3,799 / Sq Ft
12/16/2012 12/16/12 Off Market $27,000,000 -- --
08/06/2012 08/06/12 For Sale $36,000,000 -- $5,065 / 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
2025 $309,523 $17,452,580 -- --
2024 $307,550 $15,865,982 -- --
2023 $307,550 $14,423,620 $0 $0
2022 $288,405 $14,139,477 $0 $0
2021 $255,925 $13,097,620 $0 $0
2020 $261,947 $13,530,600 $0 $0
2019 $308,473 $15,918,300 $0 $0
2018 $332,589 $17,686,954 $0 $0
2017 $336,813 $17,686,954 $0 $0
2016 $412,957 $20,473,099 $0 $0
2015 $446,963 $22,559,890 $0 $0
2014 $458,356 $22,559,890 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2013

    Janne Keskinen

    Blue Key Realty

    (561) 441-2140

    3 Total Sales

    Janne Keskinen
    Section Image
  • Jeff Miller

    Buyer's Agent in 2013

    Jeff Miller

    One Sotheby's International Realty

    (305) 610-4509

    6 in this area

    46 Total Sales

    Jeff Miller
    Section Image
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About The Setai

Source: MIAMI REALTORS® MLS

MLS Number: A1673433

MIAMI REALTORS® MLS

APN: 02-3234-153-2500

Florida Miami/Dade County Miami Beach 33139

Miami Beach Boardwalk

Not Listed for Sale

Condos

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