Setai Resort & Residences Homes for Sale

Setai Resort & Residences is a luxury waterfront, luxury community in Miami Beach, Miami-Dade County, Florida. Properties are priced from $2,400,000 to $16,000,000. Pure Equity lists homes in Setai Resort & Residences and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.

Pure Equity Realty covers Setai Resort & Residences and the Miami Beach area. We list for 1%, which includes photography, MLS syndication, and negotiation support. Buyers pay nothing for representation. For current market data, see Florida Realtors' market statistics.

Our MLS feed shows 12 Setai Resort & Residences Miami Beach homes for sale as of October 2026. The median asking price is $4.59M. Asking prices run from $2.38M to $15.8M.

That is 585% above the Miami Beach median of $670,000. On a per-foot basis, homes here ask about $3,298 per square foot, compared with $705 across Miami Beach. So the median price buys roughly 1,400 square feet of living area.

Listings here have averaged 254 days on the market. That is slower than the Miami Beach average of 174 days. Because of that, buyers often have more room to negotiate on price, repairs or closing costs.

Homes listed in Setai Resort & Residences date from 2004, so they are about 22 years old.

Every one of these homes went up after Florida adopted its statewide building code in 2002. In practice, that usually means impact-rated openings and stronger roof attachment. A wind mitigation inspection documents those features, and Florida insurers must offer premium discounts for them.

Setai Resort & Residences includes waterfront homes. Waterfront lots in South Florida often sit in FEMA special flood hazard areas, where lenders require flood insurance. Before you commit, look up the address on the FEMA Flood Map Service Center and ask the seller for an elevation certificate.

Setai Resort & Residences is a condo building. Also request the association budget, recent minutes and any special assessments before you sign.

At a median near $4.59M, Setai Resort & Residences sits in the luxury tier of Miami Beach. Jumbo financing and proof of funds usually come up early in these negotiations.

Rentals in Setai Resort & Residences have a median asking rent of $47,750 per month, across 23 active rental listings. For comparison, the Miami Beach median is $3,500, so rents here run 1264% higher.

For investors, those medians imply a gross yield near 12.5% a year. However, that figure comes before HOA dues, property tax, insurance and vacancy. Also check the association documents first, because many Florida HOAs cap leases or set minimum terms.

You can browse current Miami Beach rentals or ask us for a rent estimate on a specific Setai Resort & Residences home.

Here is what the median Setai Resort & Residences price means in Florida closing terms. At $4.59M, a 20% down payment comes to about $918,000, leaving a loan near $3.67M.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $12,845. Next, the intangible tax of 0.2% adds about $7,340. Buyers normally pay both at closing.

On the seller side, Miami-Dade charges deed stamps of 60 cents per $100 on a single-family home, about $27,525 at this price. Condos and other property types pay a higher rate.

Finally, owner-occupants should file for the Florida homestead exemption by March 1. It removes up to $50,000 of assessed value. After that, Save Our Homes caps yearly assessment increases at 3% or inflation, whichever is lower. To see what these numbers mean for your budget, get pre-approved before you tour.

Recent Setai Resort & Residences listings show assignments to Miami Beach Fienberg / Fisher K-8 (elementary), Miami Beach Nautilus (middle) and Miami Beach (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.