NOT LISTED FOR SALE

The Setai Miami Beach, FL 33139

Miami Beach Boardwalk Neighborhood

Estimated Value: $4,814,000

4 Beds
6 Baths
7,107 Sq Ft
$11,859/mo HOA Fee

Last Sold January 14, 2013

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

Current estimated payment $42,322/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 Re License #3173481

One Sotheby's International Re

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

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
  • ResoPropertyType: Residential
  • 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
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-32-34-153-2500
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Maintenance Expense: 11859

Tax Info

  • Tax Year: 2010
  • Tax Annual Amount: 125928

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 Re
List Price
$36,000,000
Sold Price
$27,000,000
Premium/Discount to List
-$9,000,000
-25%
Current Estimated Value
$4,814,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$22,186,000
Avg. Annual Appreciation
-12.92%

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

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
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
Open Setai Ph B Holdings Llc $15,515,000
Open Flph Llc $165,000,000
Previous Owner Barroway Andrew L $5,100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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 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 $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 Re

    (305) 610-4509

    5 in this area

    50 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

This home since 06 August 2012 and is currently estimated at $4,814,000, approximately $677 per square foot. This property was built in 2005. This home is a home located in Miami-Dade County with nearby schools including Fienberg-Fisher K-8 Center, Nautilus Middle School, and Miami Beach Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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