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World’s most expensive beach apartment sells for $21.5m

Being on sale until recently, the “mac daddy” of all penthouses has been sold on the 9th of December for the staggering sum of $21,5 million. The original price that was asked for this apartment was $27,000,000, and even though it was acquired for less, it’s still the most expensive single-condo unit to ever be sold, the price per square foot going up to $3,704.

This penthouse has outmatched the previous Setai record, owned by a lower-floor apartment, sold in 2010 for $15,000,000. Jeffrey M. Miller from Zilbert Realty Group, the broker of the current sale, declared that this penthouse was like no other, and that Miami Beach goes on with introducing world-class, luxury residences to buyers in seek of the absolute lifestyle.

The total size of the top-of-Setai-located penthouse is 5,803 sq ft, while it spreads over multiples stories. The condo overlooks the Atlantic Ocean and the South Beach, from its gorgeous location at the Setai South Beach Resort in Miami. The resort has its origins in Singapore, the five-star hotel management company GHM Hotels.

Jim Clark, the founder of Netscape had the privilege to live here previously. He purchased it as a “decorator ready” project, back in 2004, for a $9,000,000 price. The current owner is currently anonymous, but we do know from reliable sources that he/she is a businessman/woman.

The property features a gorgeous roof-top terrace, where one can admire the beauty and majesty of the Atlantic Ocean, along with four exquisite bedrooms and four bathrooms that assure superb living conditions. Every spot in the penthouse is gorgeously decorated, finished in superb wood.

The bathroom is as large as an entire apartment, the kitchen features floor-to-ceiling windows for an exquisite dining experience, some closets have mirror-doors that reflect the views outside and the king of them all, the master bedroom, allows the owner to wake up every morning with the sun and ocean in its eyes, through huge windows. The living room is as good as one gets, with the ceiling set at double-than-normal height, with a unique corner-view over the landscape.

An interesting fact about this particular sale is that even New York City hasn’t yet met such prices, the most expensive condo ever sold there was traded for $16,5 million, according to South Beach Condo’s Blog Kevin Tomlinson. He also declared that during this year the prices for properties all over Miami went up, four of them having been sold for around $20,000,000.

Perfect for exquisite living purposes and also for high-class parties, this apartment will surely bring a large smile to the current owner’s face.

[DailyMail]

By Richie Rich

Posted 14 Dec 2011 1:32 am

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