Setai
2001 Collins Avenue, Miami Beach, FL 33139
About
Setai
Beauty, luxury and finesse come together under one roof to offer an unparallel living experience right in the heart of Miami. The Setai condo hotel is an opulent residence situated in the midst of Miami’s most exciting locale, South Beach. The sun, sand and surf lay beckoning at your doorstep, while a luxurious resort-style residence beguiles with a private retreat indoors. A few steps from Miami’s stylish new cultural district; the sophisticated worlds of art, fashion, entertainment, and haute cuisine intersect at your front door for you to savor every moment of living in this sensational residence.
The Setai condo residences are part of a 40-story, oceanfront building designed by Alayo & Denniston International. 163 ultra-luxury residences offer the most spectacular views of the Miami skyline, South Beach as well as the open Atlantic waters beyond, and come with a choice of eight distinct floor plans. Take a pick from one, two, three and four-bedrooms residences, two-story townhouses or even exquisite penthouses with their very own private terraces and swimming pools. While the condo residences range between 850 and 2,800 in square feet, the penthouses offer a lavish 6,000 square feet of living space.
The pet-friendly units in the splendid Setai condo hotel feature a décor that weaves in Asian influences with panache. The dramatic floor-to-ceiling windows offer panoramic views of the city and ocean, while the palatial private balconies offer you your very own en-suite getaway. Spacious and stunning, most units come equipped with teak furnishing, designer lighting, black granite countertops, Kohler fittings, whirlpool tub and rainfall showerhead along with all the amenities essential to luxurious Miami living.
A Setai residence gives you access to three Oceanside swimming pools complete with lavishly landscaped gardens with fountains, cabanas, beach daybeds and pods for you to soak up the sun in sheer style. Whether you prefer to head out to the 90-foot poolside bar to unwind, relax with personalized spa treatments, indulge in trans-ethnic cuisine at a five-star restaurant, or even get that adrenaline pumping with water sports, The Setai offers it all. Get fit at the state-of-the-art fitness centre with personal trainers, go deep sea diving, indulge in a round of golf or tennis, go shopping at the on-premise art shop and boutique, or even take in the best of Miami with private yacht and plane charters, you won’t feel like taking a vacation with a Setai residence in tow. A 24-hour concierge, laundry, valet, maid and room service make sure that you are pampered throughout.
And the best part, you can choose to rent out your Setai residence to enthusiastic travelers who would like to get a taste of Miami and the exciting South Beach in style, by enrolling your condo in the hotel program from a couple of days to a few months, as per your convenience.
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Setai floorplans
Setai building stats
Setai building stats
Sales stats
Key averages for the building
$5,671,524
$3,356
$3,433,333*
*past six months
$2,866*
*past six months
N/A*
Avg Days on Market
*past six months
Sales history
Number of sold condos by month
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Notable Sales
Real Estate News
South Beach
Five Condo Units Combined into One Mega Unit Sold for $16.1 Million at the Setai
Five condos that were combined into one at the Setai in Miami Beach traded hands for $16.1 million. This unusual condo was created by slowly combining five smaller condos into one over eight years. The unit is now 5,400 square-feet and encompasses the east side of Setai’s 33rd floor, and most of the north and south sides as well. Each unit had one bedroom and one bathroom in their original form. Becky Adkins, the listing agent for the unit, said that the seller is a Russian family that started their home-building project with only two condo units. As the family got bigger, they needed more space. The family asked about more units on the same floor, then began convincing the people next door to sell them their units. Since the Setai did not allow for construction during winter, the project took longer than it normally would have. Each new unit needed to be built all over again in order to be connected to the others. The last two additions, which were on the northern side of the Setai, became a recreation room, which included billiards, a wine cellar, a spa, a sauna, and a massage room. Source: therealdeal.com Photo credit: Setai - wikipedia.org
Notable Sales
Real Estate News
South Beach
Marc Bell Sells Setai Condo Unit for $12 Million
Marc Bell sold his condo on the 35th floor of the Setai building in South Beach for $12 million. Up All Night South Beach, the company managed by Bell, sold his three bedroom, three bathroom condo unit on May 20\. The company purchased the condo back in October 2012 for around $7.3 million. The luxury unit was previously listed for $15 million. The buyer is Setai 3509 LLC, managed by Nafia Ergun Sefada. The company obtained a $5.5 million mortgage from BAC Florida Bank to purchase the 2,521-square-foot condo. Eloy Carmenate, One Sotheby’s International Realty broker, and Jeffrey Miller, from Zilbert International Realty, arranged the sale. Bell is a financier from Boca Raton, and is best known as the former CEO of FriendFinders Networks, owned by Penthouse. Bell is also a two-time Tony Award-winning producer. Source: therealdeal.com Photo credit: Marc Bell - nypost.com, View - setaicondorentals.com, Building - wikipedia.org
South Beach
Sunny Isles Beach
Bal Harbour
Fisher Island
North Beach
Mid-Beach
North Miami Beach
Surfside
Annual & Q4 2024 Miami Beach Luxury Condo Market Report
Despite shifting toward a buyer's market, Miami Beach ended 2024 on a strong note. In Q4, sales momentum surpassed projections, with both annual and quarterly volumes increasing. While some segments saw slight price pressure, there were no signs of a major downturn. Highlights on this report include Fisher Island emerging as the strongest market in Miami Beach with the highest year-over-year sales growth in Q4, while Mid-North Beach topped annual sales trends. Fisher Island remained South Florida's most expensive zip code for luxury condos, both quarterly and annually. Meanwhile, the modest Mid-North Beach market was the fastest-moving in Q4. Dive into our in-depth analysis for year-over-year insights on how each Miami Beach neighborhood performed against one another and the broader Miami luxury condo market in Q4 and throughout 2024. For this report, Miami Beach sub-neighborhoods include South Beach, Mid-Beach, North-Beach, Sunny Isles Beach, Surfside, Bal Harbour, and Fisher Island. Also, this luxury condo submarket report only features properties priced at $1 million and above.