Growing up, I’d always hear about how absurdly high prices were for penthouse apartments (or apartments in general) in New York City, but I suppose Miami might be the new wave. David Guetta has just listed his 37th-floor apartment in Miami for $14 million.
To understand the price tag a bit better, his apartment is located in the 5-star Setai Hotel, where rooms start at around $550 per night and can go up to $1,600 or more. The hotel an ocean view, swimming pools, spa, sauna, and 24-hour room service, like a lot of hotels, but you can also purchase permanent residences within the property.
Of course, the apartment isn’t like a typical hotel room itself, boasting three bedrooms and 2,528 square foot in the property. He bought the property for $9.5 million from New York billionaire Richard LeFrak back in 2018 and stands to make $4.5 million from the sale. LeFrak paid $6.75 million for the unit in 2012, property records show.
Guetta was originally renting out the apartment between 2018 and now for $10,000 to $28,000 a week, or $25,000 to $50,000 a month depending on the time of the year, according to Mansion Global.
He’s also accepting Bitcoin or Ethereum for the sale, equivalent to around 380 BTC at today’s prices.
This article was first published on Your EDM. Source: David Guetta Selling His 37th Floor Miami Apartment For $14M, Crypto Accepted
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