World's most expensive beach apartment
March 08, 2012 - Florida
The Penthouse-A sitting atop the Setai South Beach Resort has recently been bought over for a sum of $21.5 million.
Originally listed for $27million but is still the most expensive single condo unit ever sold, with the highest selling price per square foot - $3,704 - of all time.
The Miami Beach condo property is a 5803 square-foot, multi-story residence that sits at the top of The Setai, overlooking South Beach and the Atlantic Ocean.
The world-famous 40-storey Setai Resort is serviced by Singapore-based, five-star hotel management company GHM Hotels.
The residence was previously owned by Netscape founder Jim Clark, who originally purchased the condo in 2004 'decorator ready' for $9million.
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