One of the most talked about Penthouses has returned to the market for $24,000,000.
Setai South Beach Located at 101 20th Street, Miami Beach
Penthouse “B” at Setai South Beach has been on and off the market for more than a few years now. It was originally purchased from the developer in 2004 for $9,500,000. It came back on the market for $24.9M in August 2005 and in June of 2006 the price was raised to $34M, but was reduced to a “more reasonable” $29M, just three months later.
The property languished on the market until December 2008. During that time it was widely accepted that it was actually under contract for $19M, but the deal fell through.
“Penthouse B” encompasses the entire 40th floor of the World-famous Setai. A one of a kind sky-residence with 6,000 interior sq. ft., 4 bedrooms, 4 bathrooms; the one-story condo comes completely furnished by a well-known designer, a 4,000 sq. ft. terrace with private pool, garden, and outdoor dining areas, all overlooking the majestic Atlantic and sexy South Beach.
The owners are Andrew and Elyse Barroway from the Philadelphia area.
Other South Beach Penthouses on the Market: