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Thursday, March 6, 2014

Sale Breaks Record For Non Oceanfront Condo At Swanky Setai South Beach

By David Nguah


The New Year is off to a great start for Miami Beach real estate. It hasn't even been a full month into 2014 and a record-breaking sale has already taken place. The Setai South Beach unit 2201, is a 1,198 sf 2 bedroom 2 bathroom condo facing west that just closed for $2,775,000 ($2,316 per sf) the highest paid thus far for a non-oceanfront facing condo.



This spectacular Setai residence impeccably finished in the hotel package, which is an Asian inspired furniture and accessory package and framed by the unbelievable views of South Beach and downtown Miami. The condo features modern kitchens, and the top of the line finishes the Setai is very well-known for. As a condo-hotel, the Setai is very popular among absent vacation homeowners, as this provides owners with a residual income along with property management services for a top rated 5 star hotel chain. In the course of some of Miami Beach's major events such as the boat show, winter music conference and Art Basel and during the holiday season. Indeed, unit 2201 is currently enrolled in the hotel program, giving the new owners the choice to rent their new home through the ultra-successful hotel program.

Unit 2201 has the standard hotel furniture package and is now enrolled in the Setai hotel program, providing the new residents the option to rent the property through the very successful and lucrative hotel program. Condo hotels are great for an absent homeowner with 2nd and 3rd homes, as this allows owners the choice of gaining some income while not occupying the property. Setai condos are extremely favored and rent extremely well especially during popular events in Miami Beach such as Art Basel, the boat show, and during the holidays.

There are now 15 other units available that in the price ranges of $1,850,000 to 25,000,000. This translates to a price per sq footage from $2253 for a one bedroom to $8199 for a 4 bedroom. The later is a 5,400 sq ft masterpiece with 4 bedrooms, 4 bathrooms, gourmet kitchen, wrap around balconies, spa, sauna, steam rooms, and much more. Come to Miami Beach and discover the phenomenal real estate opportunities available and discover in the American Riviera.

David Nguah of Majestic Properties has focused on luxury properties within the South Beach and the neighboring Miami Beach areas for the past 15 years. David Nguah has created property and community specific websites where you will find real-time data on properties available for sale and lease.




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