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fter one year of being under contract to purchase a prestigious estate in Indian Creek Village, renowned French DJ and music producer David Guetta has successfully sold his Setai Miami Beach condo for $16 million. The buyer remains anonymous. The transaction was finalized last week, but the deed has yet to be recorded. The sale of unit 3709 in the tower at 101 20th Street was facilitated by Michael Wiesenfeld of the Corcoran Group on behalf of the seller, while Eloy Carmenate, Mick Duchon, and Joshua Winarick of Corcoran represented the buyer. This deal sets a new price per square foot record for Miami Beach at $6,337 per square foot, according to a Corcoran spokesperson.
Guetta is well-known for his impressive discography, which includes hits like “Where Them Girls At,” featuring Flo Rida and Nicki Minaj; “Without You,” featuring Usher; and “Titanium,” featuring Sia. He has also received two Grammy Awards for his work.
In 2018, Guetta purchased the Setai condo from developer Richard LeFrak for $9.5 million. The 2,500-square-foot unit boasts three bedrooms and three bathrooms, as per property records. The 40-story oceanfront condo-hotel was built in 2005 and has over 160 units, according to published reports. The billionaire Nakash family, who founded Jordache Jeans and have an estimated net worth of $1.9 billion according to Forbes, acquired the hotel portion for $90 million in 2014.
Moving forward, Guetta is upgrading his living situation significantly. Last year, he entered into contract to purchase a 1.2-acre spec estate with 118 feet of waterfront in Indian Creek Village. The 16,000-square-foot mansion, listed by spec developer Todd Glaser and his partners for $69 million, is still pending.
Indian Creek has become a hub for high-profile real estate transactions in recent years. Jeff Bezos, founder of Amazon, has purchased three homes on the island in separate deals totaling $234 million since October. In May, Dutch magnetics heir Geert-Jan Bakker sold his waterfront estate to an undisclosed buyer for $64.5 million. In July, Tom Brady secured a $35 million construction loan for the mansion he's building on the island. Ivanka Trump and Jared Kushner joined the ranks of celebrity neighbors on the private island when they purchased a home there for $24 million in 2021.
