Two breathtaking Sunny Isles Beach properties expected to fetch over $40M. Take a look
A Sunny Isles Beach condo owner expects $44 million — or more — for two units in an upcoming bidding war.
Regalia Units Owner LLC will auction off its developer-owned units — a villa and two-story penthouse — in the waterfront tower Regalia at 19575 Collins Ave., according to the listing agent Jeff Miller, global real estate advisor for ONE Sotheby’s International Realty. Miller partnered with Concierge Auctions Chairman Chad Roffers for the upcoming virtual auction in December.
Listed for $25.5 million, the 9,193-square-foot penthouse has six bedrooms, seven bathrooms and two powder rooms. Sitting on top of the 46-story tower, a glass elevator leads to the unit’s private outdoor terrace and rooftop with a pool and outdoor kitchen.
The $18.5 million villa spans about 8,500 square feet and has six bedrooms, six bathrooms and two half bathrooms. The two-story unit has a game room, kitchen with Wolf and Sub-Zero appliances and Hammam steam room. Outside, the villa has a private pool, Jacuzzi and outdoor kitchen.
The listings have some competition in the two-mile-long city sandwiched between Haulover Park and Golden Beach. Luxury towers line the coast, including the Porsche Design Tower, Residences by Armani/Casa and Turnberry Ocean Club Residences.
“Anything is possible in an auction,” Roffers said. “I’ve seen properties sell for twice the asking price and some for a good deal.”
A U.S. bankruptcy judge gave Regalia Units Owner a year in August 2020 to sell the units since the developers owed money to their lender. The developers received an extension from the lender to close on the two units by late January, according to their representative and Pardo Jackson Gainsburg lawyer Linda W. Jackson. Cristiane Bomeny gained control of the LLC on behalf of its former sole manager, the building’s co-developer and her father, Gilberto Bomeny.
The units received “multiple offers” in the past year, Miller said, but all fell short of the asking prices. Miller said he and the seller expect to receive either the asking price or more.
“This is the pinnacle of real estate in terms of the price point,” Roffers said. “It’s not unusual that they take longer to sell.”
The auction should draw about 10 bidders per unit, Roffers said. The bidders would need to register by Dec. 14, place a deposit of $100,000 and commit to close in 30 days.
This story was originally published November 11, 2021 at 6:00 AM.
