Real Estate

Most Expensive Private Residence in Miami Beach History: Setai Penthouse Sells for $27 Million

Both the records for the most expensive sale of a private residence in Miami Beach and the most expensive condo in all of South Florida have been busted once again. Penthouse B at the Setai broke the record by selling for a cool $27 million. Its actually the second time that the same property broke the condo record. It sold in 2010 for $15 million, which at the time was the most expensive sale of an apartment in Miami Beach.

The buyer is unknown, according to The Wall Street Journal, but they'll be getting a 7,100-square-foot spread with four bedrooms, six baths, and 3,000-square-feet of rooftop terrace space. The residence takes up the entire 40th floor of the Setai.

The deal breaks the previous $25 million apartment record set by a penthouse at the Contiuum last year. Before that the Miami Beach condo record was held by the other penthouse at the Setai when it sold for $21.5 million in 2011. This penthouse had held the record before for it's 2010 $15 million sale to a group of European investors.

The investors had rented out the property for $30,000 a night stays, and customers included Madonna, Simon Cowell, Jim Carrey and U2.

So what does $27 million get you? Take a look.

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Kyle Munzenrieder