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How Much It Costs to Rent or Buy in One of Miami's Luxe Hotels

Ever wondered how much it costs the select few who get to live in Miami's top hotels? Back in April, we caught a glimpse of "America's priciest tiny home" in none other than Miami Beach's Setai. Here's how much it costs to live in Miami Beach's highest style, from the St. Regis to the Setai.

The Setai:
Home to Wall Street Journal's "priciest tiny home," which happens to still be on the market, The Setai provides residents with access to concierge services, housekeeping, the hotel's three infinity pools, spa, room service, and jaw-dropping views of the entire city.

To Rent:
Available units (one- to four-bedrooms) range from $10,000-$40,000. This 2/2 will empty your wallet by $30,000 a month. But hey, they claim you can "find your zen," so that's got to be worth something.



To Buy:
With a "flexible rental policy," the Setai offers buyers "generous income capabilities," which is not a bad deal when you've just purchased a $2.5 million, 767 square foot apartment. Generally, units will set you back somewhere under $10 million, depending on the size… All except for this $22.5 million residence (granted, 5 units were combined to create a 5,400 square foot apartment that even has a private sauna).

The Ritz Carlton in Bal Harbour:
The Ritz, formerly One Bal Harbour, has a mix of seemingly outdated apartments and freshly renovated ones. All apartments do, however, come with stunning views. Living here will give you access to the beach, pool, and spa.

To Rent:
Apartments vary between $4,000 and $30,000. This 2/2.5 costs $12,000. At 2,000 square feet, the apartment is spacious, but see what I mean by outdated?

To Buy:
Available units are listed between $675,000 (studio) and, and about $6 million (3-bedroom). A $27 million moneymaker (five-bedroom) with an outdoor Jacuzzi has just been taken off the market. Instead, how about this high-floor $4.6 million job with fabulous ocean views?

The Mondrian:
To live in the Mondrian, prices are at least on planet Earth but definitely geared towards single folk (only studio, one, and two bedrooms available here). Residents will have access to the spa, room service, two pools, and marina. All units unmistakably resemble the Mondrian, so don't expect variety.

To Rent:
Prices in the Mondrian vary between $2,600 and $9,000. This 2/2, which looks like a mini Mondrian lobby, offers a wildly-tiled apartment with a hotel vibe for $9,000.

To Buy:
No rental restrictions here, it's the same deal as the Setai (useful for when you realized just how much you overpaid for a studio apartment – oops!). Owners will, however, automatically receive a Morgan's Hotel Group VIP card, which gives decent perks like discounts, upgrades, free hotel stays within 6 months of Morgan's hotel openings, and access to Morgan's hotels internationally. Prices vary between $305,000 and $889,000.

The Edition:
What does it take to live at the Miami's most-talked-about hotel, The Edition? Amenities for the one- to four-bedroom residences, designed by minimalist designer, John Pawson, include the spa, two outdoor pools, beach service, and, well, the works. The bowling alley and ice skating rink should be enough to convince the kids (better yet, adults too).

To Rent:
Prices at the Edition start at $15,000. This unit is listed at $20,000, but if you read a little further into the description, you'll find that the rental is $20,000 only if leased for 6 months and $25,000 if you commit to 3. If you want to stick around during Basel, however, that month will run you $30,000 for a relatively simple 2/2.5 apartment with an incredible vista.

To Buy:
Currently the least expensive apartment at the Edition, a 1/1.5, is listed at $2.395 million, while the most expensive, a three-bedroom, four-bathroom (pictured above), is listed at $13,995,000 (sheesh!). The latter comes with a private elevator foyer, outdoor Jacuzzi, and wood-decked rooftop terrace boasting a "summer" kitchen – it's too bad, the owner will probably be in the middle of the Mediterranean on a private yacht…

1 Hotel & Homes:
Move over, Miami hotels, The 1 Hotel & Homes, has got some great advantages and a gorgeous look to boot. The beachy units include the highly-covetable "zero restriction policy," 4 pools, and in-home dining/spa/massage/fitness services (you name it). Claiming to be the "only green hotel brand in Miami Beach," 1 Hotel & Homes has amenities to back that up: "pre-arrival kitchen and pantry stocking, with local organic options, in-home natural care botanical service, eco-conscious housekeeping services and linen services," and way more.

To Rent:
Sorry Charlie, no rentals available.

To Buy:
Buying eco-conscious comes at a cost: one- to three-bedroom units range from $1.45M to $5M. You can, however, purchase a unit at a much more attractive price just next door at the former Roney Plaza, where residences are connected to and share the 1 Hotel & Homes' amenities. For the crème de la crème of 1 Hotel & Homes' available apartments, check out this $5 million three-bedroom, three-bathroom.

The W Hotel:
Living at The W provides all of the hotel advantages: 24 hour room service, pool and beach service, Bliss spa, and basketball and tennis courts.

To Rent:
The apartments at The W, available from one-, two-, and three-bedrooms, range from $10,500-$28,000. This penthouse, 3-bedroom apartment featured below must be hotel living at its best: floor-to-ceiling windows, elegant interiors, a 3,000 square foot private terrace with a breakfast nook, private pool, and an outdoor pool table; you may never have to leave.

To Buy:
Available one- and two- bedroom units are listed between $1.1M and $5.75M. This one is a 2/2.5 at $5,750,000. Must be tough competition, though, seeing that there are comparable prices for nearby apartments at The Edition and 1 Hotel & Homes

The St. Regis:
The St. Regis will deliver the lavish and ostentatious with their dream apartments. Living here will give you access to the private pools, concierge, "butler service", oceanfront cabanas, spa, and more.

To Rent:
Renting here costs anywhere from $15,500 to $38,000 per month. Take a look at this over the top 2/2.5. If that's not St. Regis, then I don't know what is. It'll be $25,000 a month to call this yours.

To Buy:
Apartments here will run buyers $3.1 million to $25 million. For the most expensive listing on Zillow, you'll be able to create a custom-tailored home to because, well, you have no choice (unless you like the whole concrete-exposed, Ferrari-red kitchen thing). This apartment is the largest of the bunch at 7-bedrooms, 7.5-bathrooms and a whopping 13,254 square feet.—Alexandra J Miller

· The Most Expensive 'Tiny' Home in America is at the Setai [CM]
· Setai Hotel coverage [Curbed Miami]
· Ritz Carlton Bal Harbour coverage [Curbed Miami]
· Mondrian South Beach coverage [Curbed Miami]
· Miami Beach Edition Hotel coverage [Curbed Miami]
· 1 Hotel coverage [Curbed Miami]
· W Hotel South Beach coverage [Curbed Miami]
· St. Regis Bal Harbour coverage [Curbed Miami]

The St. Regis Bal Harbour Resort

9701 Collins Avenue, Bal Harbour, FL 33154