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The Setai South Beach is one of the Robb
Report's 25 Next Big Things (and the
only hotel/condo to make the list)
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DOWNLOAD ARTICLE |
Guests arriving at
Design Hotels' Setai resort in Miami's
South Beach may think they are entering
just another Art Deco landmark on
Collins Avenue. But one glimpse of the
grand lobby, richly decorated in
Shanghai brick and teak, should quickly
reorient them to a location, and
mind-set, far to the East. When the
Setai opens later this year, calming
Asian influences will abound, from the
muted colors in the suites to the spa's
Shiatsu massage and Balinese healing
therapies. Surrounded by
floor-to-ceiling wine cabinets in the
sophisticated comfort of the Crustacean
restaurant, diners will sample
transethnic cuisine. The courtyard's
sunken dining areas, set among tropical
gardens and cooling ponds, will offer a
deeper privacy. For those determined to
completely escape the mundane, the views
of the ocean and the Miami skyline from
the rooftop pool of the
10,000square-foot penthouse suite are
sure to leave one feeling enlightened. |
South
Beach.
Beach
Club.
Room
Service.
Maid
Service.
Spa
Service.
This
is where you live.
FEATURED LISTING AT THE SETAI
There are two forms of
ownership at The Setai: Condo units and
Hotel Condo Units
|
Condo Units
1, 2 and 3 bedroom units
835 s.f. to 4000 s.f.
Personal Real Estate
Read below for details |
Hotel Condo Units
Studio and Spa Suites
approx. 600 s.f.
Investment Income Real
Estate
Click
HERE
for details |
Above image and virtual tour is
Copyright © 2004 - Mark Zilbert, PA. All
rights reserved.
 The Residences:
A 40-story, ultra-luxury, high-rise condominium tower
featuring 175 residences with panoramic views of the ocean, beach and
Miami skyline with floor-to-ceiling windows, multi-level lobby and all the
finest amenities. Available one, two, and three bedroom residences range
in size from 850 to 2,800 square feet, and are priced from approximately
$750,000 to $4.5 million. Penthouses are approximately 6,000 square
feet, excluding terraces and private decks with lap pools.
Boutique Hotel:
Eight-story, 88-room, five-star hotel. Rooms range in
size from 550 to 900 square feet and include a high-speed Internet access
among other top-of-the-line amenities. The
hotel and condo rental program will be managed
by GHM (General Hotel Management Ltd.): An international
hotel management firm that oversees a select group of boutique hotels and
resorts in prime locations throughout the world. Famed hotelier and
creator of Regent Hotels, Rafael Hotels, Amanresorts and GHM Hotels,
Adrian Zecha is the director and chairman of GHM.
TO SEE MORE
DETAILS ABOUT THE HOTEL
CLICK HERE
Features of the condominium units at The Setai will include baths clad in
absolute black granite and teak cabinetry, and kitchens featuring
Gaggenau, Miele and Sub-Zero appliances.
 
The condominium tower will
offer a dramatic multi-level grand lobby and private valet garage parking.
Both The Setai Residences and The Setai Hotel will include fully
integrated information-technology systems designed for high-speed
Internet access and multiple phone and cable options including extensive
in-house phone systems.
Three beachfront pools, private spa and fitness center are available to both
residents and hotel guests. Teak-latticed cabanas can be found within the
lushly landscaped gardens surrounding the pools and fountains.
Condominium owners will also enjoy the unrivaled services of the five-star Setai Hotel including round-the-clock concierge, valet, maid and room
service as provided by GHM.
Condominium residences can be placed in the hotel rental program, which
will be managed by GHM. Owners must purchase the hotel's furnishings
in order to participate.
SETAI CONDO - FLOORPLANS
AND SALES INFORMATION
CLICK ON ANY UNIT ABOVE TO
SEE FLOORPLAN - units sizes are listed further
down
(Opens a
PDF
file in a new window)
MLS Data is provided via IDX (Internet Data
Exchange) and Broker Reciprocity
Comparable Sales Information
The following list shows the top 25 sales at The
Setai (based on selling price per square
foot). Source: Southeast Florida MLS
- February 15, 2005
|
Unit |
List Price |
Sale Price |
SP$/SqFt |
Beds |
Baths |
Hbaths |
SqFt |
Closing Date |
|
TH-B |
$1,800,000 |
$1,625,000 |
$1,251.93 |
2 |
2 |
1 |
1298 |
1/24/2005 |
|
3208 |
$1,950,000 |
$1,700,000 |
$1,207.39 |
2 |
2 |
0 |
1408 |
12/17/2004 |
|
3709 |
$3,900,000 |
$3,300,000 |
$1,172.29 |
3 |
3 |
0 |
2815 |
6/29/2004 |
|
2708 |
$1,590,000 |
$1,500,000 |
$1,020.41 |
2 |
2 |
0 |
1470 |
9/28/2004 |
|
2806 |
$1,475,000 |
$1,425,000 |
$1,014.23 |
2 |
2 |
0 |
1405 |
12/1/2004 |
|
3006 |
$1,450,000 |
$1,400,000 |
$996.44 |
2 |
2 |
0 |
1405 |
8/17/2004 |
|
3706 |
$1,375,000 |
$1,325,000 |
$943.06 |
2 |
2 |
0 |
1405 |
7/16/2004 |
|
1907 |
$1,350,000 |
$1,310,000 |
$931.06 |
2 |
2 |
0 |
1407 |
5/28/2004 |
|
3107 |
$1,375,000 |
$1,295,000 |
$920.40 |
2 |
2 |
0 |
1407 |
5/21/2004 |
|
2706 |
$1,350,000 |
$1,250,000 |
$889.68 |
2 |
2 |
0 |
1405 |
5/21/2004 |
|
2505 |
$780,000 |
$750,000 |
$885.48 |
1 |
1 |
1 |
847 |
8/20/2004 |
|
3801 |
$2,600,000 |
$2,225,000 |
$843.76 |
3 |
4 |
0 |
2637 |
6/18/2004 |
|
2605 |
$795,000 |
$750,000 |
$834.26 |
1 |
1 |
1 |
899 |
9/24/2004 |
|
3804 |
$995,000 |
$950,000 |
$755.17 |
2 |
2 |
0 |
1258 |
9/27/2004 |
|
2905 |
$725,000 |
$675,000 |
$750.83 |
1 |
1 |
1 |
899 |
5/19/2004 |
|
2801 |
$1,020,000 |
$985,000 |
$750.76 |
2 |
2 |
0 |
1312 |
5/28/2004 |
|
3202 |
$1,050,000 |
$965,000 |
$728.30 |
2 |
2 |
0 |
1325 |
5/24/2004 |
|
2003 |
$625,000 |
$600,000 |
$708.38 |
1 |
1 |
1 |
847 |
7/9/2004 |
|
2703 |
$680,000 |
$600,000 |
$708.38 |
1 |
1 |
1 |
847 |
10/8/2004 |
|
2105 |
$665,000 |
$635,000 |
$706.34 |
1 |
1 |
1 |
899 |
3/31/2004 |
|
2405 |
$615,000 |
$615,000 |
$684.09 |
1 |
1 |
1 |
899 |
5/20/2004 |
|
2303 |
$612,000 |
$577,000 |
$681.23 |
1 |
1 |
1 |
847 |
8/31/2004 |
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