At $21,500,000, the recent sale of the top-floor penthouse condo at the Setai Resort and Residences set a new record for the most expensive Miami condo ever sold. At 5803 square feet, the unit brought $3,704 per square foot, also a record for Miami condos.
The seller was Netscape founder Jim Clark, who reportedly purchased the unit, ready for finish-out, in 2004 for $9M. The unit went on the market in February with an asking price of $27M. The buyer is a private businessman who's name has not been publicized.
