The $21.5M Record Breaking Sale of Penthouse ‘A’ at Miami Beach’s Setai Residences Sets A New Standard

Last week Netscape Founder Jim Clark sold his Setai Penthouse for $21,500,000 ($3,704 sq.ft) which he purchased-decorator ready-in 2004 for $9,000,000. Clark transformed this two story residence into an opulent Southeast Asian retreat. This trophy property was listed for $27,000,000 in April 2010.

101 20th Street PH A

  • 3Bed 2.5Bath
  • 5,803SF Interior Space
  • 9,558SF Interior and Exterior Space
  • Private Rooftop Pool
  • Private Summer Kitchen
  • 4 Reserved Parking Spaces
  • Direct Ocean Exposure

This transaction is another sign that the Miami Beach luxury market is thriving and the inventories at the top are razor thin. The trend for high end sales in 2011-2012: are they exceeding prices fetched in the most recent boom years of 2005-2006 .

south point drive