Zilbert International Realty Announces Record-Breaking $27 Million Miami Beach Condominium Sale

Sprawling Setai Penthouse is Most Expensive Condo Residence Sold to Date in South Florida

MIAMI BEACH, Fla., Jan. 15, 2013 /CNW/ - Zilbert International Realty, the premiere Miami-based luxury real estate brokerage firm, announced today that it has sold one of the coveted penthouse residences atop Miami Beach's famed Setai Resort for $27 million, setting a record for the most expensive condominium ever sold in South Florida.

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Encompassing the entire 40th floor, the sprawling residence overlooking South Beach and the Atlantic Ocean features over 7,100 square feet of living space with floor-to-ceiling windows, including 4 bedrooms, 4 and a half bathrooms, and a spectacular outdoor rooftop terrace with private pool and hot tub. The home's gourmet kitchen is fully-equipped with SubZero and Gagenau appliances. Designer bathrooms feature marble flooring, Duravit sink vanities and Dorenbracht fixtures.

"The Setai residences are among the most luxurious in Miami Beach," noted Mark Zilbert, President and CEO of Zilbert International Realty. "Homeowners are able to benefit from world-class, five-star amenities and services provided to them from the Setai Hotel and Resort."

Jeff Miller of Zilbert International Realty, one of the firm's top producing agents, brokered the deal and represented the buyer, who has chosen to remain anonymous. Miller also set the prior sales record at The Setai, when he brokered the sale of another penthouse for $21.5 million in December, 2011.

Located at 101 20th Street, The Setai Residences feature 163 residences, ranging in size from 767 to 7,100 square feet.

ABOUT ZILBERT INTERNATIONAL REALTY
Founded in 2003 by President Mark Zilbert, Zilbert International Realty is full-service, premium real estate brokerage specializing in luxury properties worldwide. Current property inventory includes some of Miami's finest homes and condominiums, including the exclusive 100 Palm Avenue on Miami's Palm Island, plus a signature French Chateau located outside Paris in the Loire Valley. Through its alliance with the Who's Who of Luxury Real Estate and LuxuryRealEstate.com, Zilbert's global reach extends to over 5,000 real estate professionals in 60 countries. Collectively, Zilbert and its network partners sell over $190B annually. Its award-winning website receives over 50,000 visitors each month.

For more information, visit www.zilbert.com.

SOURCE: Zilbert International Realty

For further information:

Rubenstein Associates, Gigi Bouraad, gbouraad@rubenstein.com, +1-212-843-9218, or Kristen Kenney, kkenney@rubenstein.com, +1-212-843-9343

http://www.zilbert.com

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