PHVC in The Setai Hotel Miami Beach has just closed for $9.525 million, the highest priced condo sale in the hotel since 2014. The residence was originally listed for $11 million and has been tied to Russian oligarch Oleg Baibakov. The residence offers 3 bedrooms, 3 bathrooms and 1 half-bath spread over 3,571 SF complete with and Italkraft kitchen, smart home features and 270-degree exposure. Amenities include three oceanfront infinity pools which are heated to different temperatures, full service beach-club, full-service spa, fitness center, private VIP entrance, a dedicated concierge, access to the house cars, and restaurants including Jaya. PHVC was listed with The Bill & Bryan Team at Douglas Elliman. Baibakov first listed the unit in 2014 for $17 million and he is currently developing Missoni Baia in Edgewater.