The Setai is a prestigious luxury condominium-hotel community located at 101 20th Street (also known as 2001 Collins Avenue) in Miami Beach, Florida 33139. Developed in 2004, this 40-story oceanfront tower blends Asian-inspired Zen aesthetics with modern luxury, offering 162-175 exclusive residences as part of a five-star hotel operation. Residents enjoy seamless integration with hotel services in the heart of South Beach.
HOA Fees and Financial Obligations HOA fees at The Setai are among the highest in Miami Beach due to its ultra-luxury positioning and extensive services. Fees are typically quoted around $2.00 per square foot monthly. Examples include units with monthly HOA dues ranging from $2,620 to $17,509, with one listing showing $5,815. These cover building maintenance, insurance, 24-hour concierge, security, and basic utilities such as cable/internet (Atlantic Broadband), water, sewer, and trash removal. Additional costs may apply for valet parking, room service, or spa access. Financial obligations emphasize high-end upkeep of the shared hotel-condo infrastructure.
Rules and Regulations As a condominium association governed by Florida statutes, The Setai enforces strict rules typical of luxury oceanfront properties. These include pet restrictions, rental policies (many units participate in the hotel rental program), noise regulations, and architectural guidelines to maintain the Zen-inspired aesthetic. Short-term rentals are facilitated through the hotel but subject to association approval. Insurance requirements are rigorous given coastal location risks.
Community Amenities and Lifestyle Lifestyle centers on exclusive access to hotel facilities: three temperature-controlled infinity pools, private beach with daybed service, Valmont Spa, fitness center with saunas, and multiple dining options (Jaya, Ocean Grill, Japon). 24/7 concierge and room service enhance daily living. The community fosters a sophisticated, international vibe with proximity to South Beach nightlife, shopping, and cultural venues.
Notable Aspects The Setai stands out for its condo-hotel model, allowing owners potential income from hotel-managed rentals while retaining private residences. Its design by renowned architects emphasizes serenity and opulence. High-end finishes, panoramic ocean/city views, and integrated hotel services define the experience. It attracts affluent buyers seeking privacy and luxury in a prime location.
Management Company: Setai Resort & Residences Condominium Association, Inc. Phone: 844-292-1471 Email: Details not publicly available Website: Details not publicly available Address: 2001 Collins Ave, Miami Beach, FL 33139