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Setai Mansion In The Sky Fetches Big Money (In Miami Beach)
South Florida Business Journal by Jeff Zbar, SoFla Luxe Date: Friday, December 16, 2011, 12:00am EST
Jeff Zbar - SoFla Luxe - South Florida Business Journal
In one of the top sales of its kind in recent memory, Penthouse Villa A atop the Setai Resort and Residences on Collins Avenue and 20th Street in Miami Beach this month fetched $21.5 million. The 6,209-square-foot, two-story mansion in the sky has 22-foot ceilings, three bedrooms and 2.5 baths set in a traditional Thai motif. The residence, at 101 20th St., features custom woodwork, unique furnishings, antiques, floor-to-ceiling glass and a rooftop terrace with panoramic views of the Atlantic. It also comes with a four-car garage. The property had been listed for $27 million...Jeff Miller, sales manager with Zilbert Realty Group, represented the buyers... The seller reportedly was Jim Clark, the billionaire founder of Netscape. The owner is listed in county records as South Ocn Ventures LP. Neither agent would discuss the owners, new or previous. The new buyer can tap the Setai’s five-star amenities. These include valet, concierge service, 24-hour room service, restaurant and bar, fitness center with a spa and three pools. The property originally sold in 2004 for $9 million prior to construction... “Being part ... more

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