Miami Beach’s Setai Penthouse Sale Sets $21.5M Real Estate Record for Zilbert Realty Group

Miami Real Estate Sale Nets a Record-Breaking $3704 Per Square Foot

Miami Beach, FL (PRWEB) December 14, 2011

Zilbert Realty Group, a Miami-based luxury real estate brokerage company, has set a new Miami Beach sales record with its recent sale of the top-floor penthouse at Miami Beach’s famed Setai Resort and Residences. The $21.5M sale of the penthouse is Miami’s most-expensive condo ever sold, and has Miami’s highest-ever condo selling price per-square-foot. The previous Miami real estate sales record was set in 2010 with the sale of a lower Setai penthouse, then selling at $15M. This recent Setai sale at $3704 per-square-foot beats previous sales of the lower Setai penthouse in 2010 and Apogee South Beach’s sale of PH-04 in 2008. Each sold then for roughly $2400 per square foot.

Penthouse 'A' is a 5803 square-foot, multi-story residence that sits at the top of The Setai, overlooking South Beach and the Atlantic Ocean. It also features a spacious, outdoor rooftop terrace with private pool, the only one of its kind.

Zilbert’s Jeffrey M. Miller, brokered the sale. Zilbert’s Managing Broker, Mark Zilbert, offers that this Miami real estate sale caps off a year of record sales for the firm, selling over $185M in 2011.

ABOUT ZILBERT REALTY GROUP
Zilbert Realty Group is an international real estate brokerage firm specializing in upscale and luxury properties in Miami Beach, Miami and surrounding beach cities. Based in Miami Beach, Zilbert sells over $185M of real estate annually, catering to local and international buyers and sellers, and operating in multiple languages. The firm successfully manages multiple customer channels in its real estate practice, which includes a high-traffic, award-winning website (http://www.Zilbert.com); an innovative, retail-based store concept, the Zilbert Realty Store; a traditional face-to-face sales practice; and a global marketing network that reaches thousands of buyers and brokers across the United States, Canada, Europe and Latin America. Zilbert interacts with buyers in sellers in whichever channel is most-convenient to them.

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