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Case files · 20 August 2026
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Josh Stein, Miami real estate associateJosh Stein
TRENDINGPre-ConstructionWaterfront HomesFisher IslandKey BiscayneBentley ResidencesBrickellArt DecoPenthousesSunny IslesLuxury Condos

Regalia

Building facts

Address
19575 Collins Avenue
Neighborhood
Sunny Isles Beach
Year built
2015
Floors
46
Residences
39
Status
Completed
Developer
Beach Developers
Architect
Arquitectonica
Pricing
Starting at $8.995 Million

Key Takeaways

  • Thirty-seven of the 39 homes are exactly 4,992 sq ft, and every home is a four-bedroom — there is no other floorplan in the main body of the building. The remaining two are a 8,446 sq ft home and a 9,193 sq ft penthouse.
  • That makes the price record here almost perfectly controlled — five of the six qualified sales in four years were the same 4,992 sq ft home: $1,552 and $1,603 per square foot in 2023, then $2,003, $2,043 and $2,684 in 2025.
  • On identical homes, the building is up about 29% in two years — a 2023 median of $1,578 per square foot against a 2025 median of $2,043 — measured on the same floorplan each time, so none of it is mix.
  • The record is $19,888,900 — paid on 2 February 2026 for the 9,193 sq ft penthouse — $2,163 per square foot. The highest price per square foot is $2,684, paid in August 2025 for a standard 4,992 sq ft home.
  • Six qualified sales in four years, so no four-year change is published — about one home in 26 a year, and 2024 recorded none at all.
  • When people lose money here, they lose a lot — seven of 25 resales were at a loss — 28.0% — but the median loss was 20.5% and the worst was 38.3%. The median outcome overall was a gain of 18.6% over a 3.2-year hold.

19575 Collins Avenue, Sunny Isles Beach, Florida 33160 | Neighborhood: Sunny Isles Beach

What is actually in the building

The county returns 40 folios for 19575 Collins Avenue. 39 are homes; the remaining one is a reference folio carrying no dwelling.

This is the most uniform building I have measured, and it is uniform at a level almost nothing else in Miami is. Thirty-seven of the 39 homes measure exactly 4,992 sq ft. The other two are a 8,446 sq ft home and a 9,193 sq ft penthouse. Every single home in the building is a four-bedroom. There are no two-bedrooms, no three-bedrooms, no smaller tier of any kind.

For 2026 the county assesses the homes between $4,584,457 and $20,039,481, median $6,975,118. The floor there is worth restating: the least valuable home in this building is assessed above $4.5m.

What happens when a building has only one floorplan?

You get to measure the market instead of the mix.

Most of the work on these pages is separating a change in prices from a change in which homes happened to sell. A building whose median falls 20% while the market moves 4%, because smaller homes came to market, is the single most common way condo data misleads people. At this address that problem is almost entirely absent. With 37 identical homes, any two sales are directly comparable, and five of the six qualified sales in the last four years were of that plan.

DateSizePrice$/sq ft
12 May 20234,992 sq ft$8,000,000$1,603
31 July 20234,992 sq ft$7,750,000$1,552
27 March 20254,992 sq ft$10,200,000$2,043
29 August 20254,992 sq ft$13,400,000$2,684
4 December 20254,992 sq ft$10,000,000$2,003
2 February 20269,193 sq ft$19,888,900$2,163

Read the first five rows and the shape is clear. The two 2023 sales of the standard home cleared a median $1,578 per square foot. The three 2025 sales cleared a median $2,043. That is a rise of about 29% in two years on the identical floorplan.

I want to be careful about the weight that carries. Five sales is five sales, the 2025 group itself runs from $2,003 to $2,684 — a 34% spread on identical homes, which tells you floor and exposure matter here as much as anywhere — and 2024 produced no qualified sales at all. No four-year change is published for this building and it carries a dash in my Miami Condo Index.

But the direction is not in much doubt, and it is measured the cleanest way available: the same home, twice, two years apart. That is worth more than a larger sample of mismatched homes.

The price record

YearQualified salesMedian priceMedian $/sq ft
20232$7,875,000$1,578
2024No qualified sales
20253$10,200,000$2,043
2026 to date1$19,888,900$2,163

Across the six sales the building cleared a median $2,023 per square foot, in a band from $1,552 to $2,684, at a median price of $10,100,000. Liquidity is thin: one home in 26 a year, against a median of one in 24 across the buildings in my Miami Condo Index — and one year in the four had nothing at all.

The record is $19,888,900, paid on 2 February 2026 for the 9,193 sq ft penthouse at $2,163 per square foot. The highest price per square foot is $2,684, paid on 29 August 2025 for a standard 4,992 sq ft home at $13,400,000 — and that figure, on the building’s ordinary product, is the one a seller here should know.

The ownership record needs reading carefully, because the headline understates the risk. The building sold through in 2014, when 30 homes changed hands at a median $7,878,750, or $1,578 per square foot. Across all 25 resales the county records, seven lost money — 28.0% — at a median outcome of +18.6% over a 3.2-year hold. So far, unremarkable.

The distribution is what matters. The median loss among those seven was 20.5%, and the worst was 38.3% — on homes whose entry price was above $7m. In most buildings I measure, the losses cluster in single digits and low teens. Here a bad outcome has meant a seven-figure sum. The gains have been large and the losses have been large; there is very little middle at this address.

Notably, the 2023 sales at $1,552 and $1,603 per square foot were at or below the 2014 sell-out median of $1,578 — nine years later. The recovery to $2,000-plus is a 2025 phenomenon.

Who this building suits, and who it does not

It suits a buyer who wants one very large home rather than a choice of homes. Thirty-seven identical four-bedrooms of 4,992 sq ft is not a building you shop within — you are choosing a floor and a view, and nothing else varies.

It suits a buyer who values evidence. Because the homes are identical, the comparable set here is genuinely comparable, which is rare at this price level and worth real money in a negotiation.

It suits badly anyone who might need to exit quickly. Six sales in four years, and one of those years produced none.

It suits badly a buyer who wants anything other than a four-bedroom of about 5,000 sq ft. The building does not contain one.

If you are selling here, your position is unusually clear because your home is your neighbours’ home. The five most recent sales of the standard plan are $1,552 and $1,603 per square foot in 2023, and $2,003, $2,043 and $2,684 in 2025 — and the gap between $2,003 and $2,684 in the same year is floor and exposure, not the market. Establish where your home sits in that range before you price. And be aware that the two 2023 sales were below the 2014 sell-out price: the buyer who quotes those at you is quoting the bottom of a nine-year trough that the 2025 record has already left behind.

Verified 18 August 2026 against the Miami-Dade County Property Appraiser record for 19575 Collins Ave — all 40 folios retrieved individually, grouped by subdivision and filtered to residential homes, excluding one reference folio along with parking, cabana and storage. Sale figures are qualified, arm’s-length transactions only, with bulk/portfolio transfers collapsed to a single transaction. 2024 records no qualified sales at this address, and 2026 is an incomplete year, so no four-year change is published. Assessed values are the county’s, not market valuations. Building age, storey count, architect and amenity detail are omitted: no primary source has been confirmed for them. Re-check when the next tax roll publishes.

Since2002Selling Miami luxury
Closed$1B+In career sales volume
Years24In this market
Buildings478Tracked across Miami

Regalia Sunny Isles Beach — Frequently Asked Questions

How big are the homes at Regalia?

Thirty-seven of the 39 homes measure exactly 4,992 sq ft, and every home in the building is a four-bedroom. The other two are a 8,446 sq ft home and a 9,193 sq ft penthouse. There is no smaller tier of any kind.

How much does a home at Regalia sell for?

Across the six qualified sales in the four years to August 2026 the building cleared a median $2,023 per square foot, in a band from $1,552 to $2,684, at a median price of $10,100,000. On the standard 4,992 sq ft plan, the three 2025 sales were $10,000,000, $10,200,000 and $13,400,000.

Have prices at Regalia gone up?

On the identical floorplan, substantially. The two 2023 sales of the 4,992 sq ft home cleared a median $1,578 per square foot and the three 2025 sales cleared $2,043 — a rise of about 29% in two years, measured on the same product each time. No four-year change is published, because 2024 recorded no qualified sales at all and 2026 has one, so the building carries a dash in my Miami Condo Index.

What is the highest price ever paid at Regalia?

$19,888,900, on 2 February 2026, for the 9,193 sq ft penthouse — $2,163 per square foot. The highest price per square foot is $2,684, paid on 29 August 2025 for a standard 4,992 sq ft home at $13,400,000.

Have owners at Regalia made money?

Most have, but the losses have been severe. Of the 25 resales on the county record, seven lost money — 28.0% — at a median outcome across all resales of +18.6% over a 3.2-year hold. The median loss among the seven was 20.5% and the worst was 38.3%, on homes whose entry price was above $7m. There is very little middle ground at this address.

How often do homes at Regalia change hands?

Rarely. The county records six qualified sales in the four years to August 2026 against 39 homes — about one home in 26 a year — and 2024 produced none at all.

Why is a single-floorplan building useful for judging prices?

Because it removes the biggest source of error. Most condo price movements are really movements in which homes sold. With 37 identical 4,992 sq ft homes, any two sales here are directly comparable, so the change between them is the market and the individual home rather than the mix.

Sources and further reading

Interested in selling at Regalia?

Learn more about selling your condo at Regalia with Josh Stein.

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