Regalia closings begin with $10.7M condo sale

Unit 23 at luxury Sunny Isles Beach tower acquired by Coral Gables-based company

TRD MIAMI /
Jun.June 10, 2014 11:15 AM

Closings are underway at Regalia, starting with the $10.7 million sale of Unit 23 at the luxury Sunny Isles Beach condo tower, The Real Deal has learned.

Dream Golden Enterprises acquired the condo from Regalia Beach Developers in a transaction recorded last Tuesday, according to Miami-Dade County records. State corporate records identify Sergio Todisco of Coral Gables as the buying company’s president. No financing was recorded.

Unit details were not available on the Miami-Dade County property appraiser’s website. According to listings, the condo has four bedrooms and totals more than 5,500 square feet.

The Regalia developers completed the Arquitectonica-designed 46-story tower at 19575 Collins Avenue last month, as previously reported. The project is the sixth completed in South Florida since last decade’s real estate crash. Regalia is slated to open by “mid-summer 2014,” according to last week’s written announcement released by a project spokesperson.

More than 85 percent of the project’s 39 condos are under contract. Units still available include the two-story, 9,915-square-foot “Beach House,” which has an asking price of $27 million; and a four-story, 10,447-square-foot penthouse, which is listed for $40 million.


Related Articles

arrow_forward_ios
Gil Dezer with a rendering of Porsche Design Tower and Residences by Armani/Casa (Credit: ARX via Madison Global)

Miami judge will rule if ex-Dezer COO is entitled to more than $10M in profits

Miami judge will rule if ex-Dezer COO is entitled to more than $10M in profits
A Sunny Isles Beach landlord said a restaurant refused relief and vacated the property.

RK Centers alleges restaurant refused Covid relief, vacated property

RK Centers alleges restaurant refused Covid relief, vacated property
Alexander Nabutovsky and Regalia

Blockchain firm founder pays $5M for Regalia condo

Blockchain firm founder pays $5M for Regalia condo
Joseph Milton and Parque Towers

Parque Towers developer faces lawsuit seeking class action over allegedly mismarketed condos

Parque Towers developer faces lawsuit seeking class action over allegedly mismarketed condos
Rendering of GPI Real Estate Group’s Infinity, a previously planned 15-story mixed-use project

Developer of nixed Sunny Isles Beach project seeks return of $5M advance: lawsuit

Developer of nixed Sunny Isles Beach project seeks return of $5M advance: lawsuit
Edgardo Defortuna and a rendering of La Playa de Varadero

Not stopping for the pandemic: Fortune, Château could launch Sunny Isles project by year-end

Not stopping for the pandemic: Fortune, Château could launch Sunny Isles project by year-end
Ritz-Carlton Sunny Isles Beach, Nicholas Perdomo Jr., Janine Perdomo

Perdomo Cigars’ owners buy condo at Ritz-Carlton Sunny Isles

Perdomo Cigars’ owners buy condo at Ritz-Carlton Sunny Isles
Fortune International Group’s Edgardo Defortuna, Château Group’s Manuel Grosskopf and a rendering of the project

Fortune and Château score $119M refi for Sunny Isles condo project

Fortune and Château score $119M refi for Sunny Isles condo project
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...