Former Starbucks CEO Howard Schultz has reportedly purchased a stunning penthouse in Florida for a staggering $44 million. The opulent residence is located in the exclusive Setai building in Miami Beach, marking a significant real estate acquisition for the business magnate.
Key Takeaways
- Howard Schultz, the former CEO of Starbucks, has bought a $44 million penthouse in Miami Beach.
- The luxury property is located in the prestigious Setai building.
- This acquisition highlights the continued high-value real estate market in prime Florida locations.
A Glimpse Inside The Lavish Abode
The expansive penthouse, spanning over 6,000 square feet, offers breathtaking panoramic views of the Atlantic Ocean and the Miami skyline. It features multiple bedrooms and bathrooms, a state-of-the-art kitchen, and expansive living areas designed for sophisticated entertaining. The property also boasts private outdoor spaces, including a large terrace perfect for enjoying the South Florida climate.
Prime Location, Prime Investment
The Setai building is renowned for its five-star amenities and prime beachfront location. Residents enjoy access to a private beach, multiple swimming pools, a world-class spa, and fine dining options. The building’s exclusivity and prime real estate position contribute to its high value and desirability among affluent buyers.
Schultz, who led Starbucks through decades of growth and global expansion, has a history of significant real estate investments. This latest purchase underscores the enduring appeal of luxury coastal properties in Florida, particularly for high-net-worth individuals seeking exclusivity and premium amenities.