“Miami Beach builds towers by the dozen. Here, it built ten houses.”
The corner of 17th Street and Jefferson Avenue is where South Beach abruptly goes quiet: low rooflines, banyan shade, joggers instead of scooters.
Villa17 places a run of sculpted white villas on that corner — homes where you pull into your own garage, ride your own elevator, and end the day on your own roof. Among townhomes for sale in Miami Beach, nothing currently on the market lives this way.
Villa17 — Ten New Townhomes on a Quiet Corner of South Beach
The Rarest Product in South Beach
Villa17 is a collection of ten townhomes in two floor plans, developed by Regency Development Group — a family-run firm founded in Chicago in 2004 and led by Igor Michin, Alex Troyanovsky and Michael Troyanovsky.
Regency entered South Florida in 2022 and proved itself locally on three boutique condominium projects in Bay Harbor Islands; the third launched sales in March 2024 with residences priced between $4 million and $9 million, per The Real Deal. The firm acquired the Jefferson Avenue site in November 2023 for $4.4 million, county records show.
The townhouse format was a deliberate bet, not a compromise. New construction townhomes in South Beach are close to nonexistent — the development pipeline here is almost entirely condo towers — and the format carries a structural advantage.
Michael Troyanovsky told The Real Deal the firm expects no more than fourteen months of construction from groundbreaking, a fraction of a tower’s timeline and a fraction of its risk. The launch listing agent put the pitch in one line: “This product does not exist in Miami Beach.”
Architecture by Kobi Karp
Kobi Karp Architecture & Interior Design — the Miami firm founded in 1996 whose restoration work helped drive the renaissance of the city’s Art Deco District — designed Villa17 as a villa row rather than a miniature tower, and the restraint is the point.
Each residence rises through four interior living levels to a private rooftop, with 10-foot ceilings and floor-to-ceiling impact glazing pulling daylight deep into rooms that a typical narrow townhouse would leave dim. The massing keeps faith with the low-rise, residential scale of the surrounding blocks — a neighborhood Karp knows well enough not to compete with.
Residences & Pricing
To buy a townhome in Miami Beach that behaves like a single-family house — private two-car climate-controlled garage, private elevator serving every level, private roof deck — has until now meant buying old stock and renovating.
Villa17’s two plans solve that with near-identical room programs and one honest trade-off between them: Villa A gives up roughly 40 interior square feet in exchange for 116 more square feet of terrace.
- Villa A: 4 BR + 4.5 BA, 5 levels | Interior: 3,419 sq. ft. | Exterior: 1,028 sq. ft. | Total: 4,447 sq. ft. | Price from: $3.59M*
- Villa B: 4 BR + 4.5 BA, 5 levels | Interior: 3,461 sq. ft. | Exterior: 912 sq. ft. | Total: 4,373 sq. ft. | Price from: $3.59M*
*Project starting price; plan-specific pricing and availability through Bogatov Realty.
The dimensions are house-scaled, not condo-scaled: a 14’8” × 16’0” kitchen with walk-in pantry, an owner’s suite of 13’7” × 15’2” with separate his-and-hers walk-in closets (6’3” × 11’9” and 7’4” × 9’4”), an owner’s bath of 14’5” × 11’0”, a wet bar on the suite level, and a 12’5” × 26’5” roof deck.
Every secondary bedroom is an en suite with its own walk-in closet; a dedicated laundry room and a 20’ × 20’ garage round out the ground plan.
Finishes follow the same logic — named brands rather than adjectives. Kitchens are by Molteni&C with stone countertops, Miele appliances and coffee system, and an integrated wine fridge; bathroom vanities are by Antonio Lupi, plumbing fixtures by Gessi, with an Axent smart toilet in the primary bath per the current spec sheet.
Flooring comes in wood or porcelain, and every home is pre-wired for smart automation, with smart dimmers, property-wide surveillance, and a mobile video intercom included in the base package.
Buyers choose between two bespoke finish-and-furniture directions — a Milanese-leaning Italian package or a fully custom program by Yodezeen — with optional turnkey furniture packages from three designers, rooftop configurations, and owner amenity packages available as upgrades.
The result is a rarity in pre-construction: a home you could plausibly move into with a suitcase.
Amenities, Privatized
Villa17 has no shared gym, pool deck or lobby lounge — by design. What a tower distributes among hundreds of neighbors, a townhouse concentrates in your own square footage: the roof deck is the pool deck-in-waiting (rooftop build-out options exist for exactly that), the garage replaces the valet line, and the elevator never stops on someone else’s floor.
For resort infrastructure, every purchase includes a two-year complimentary membership to The Shelborne by Proper, the recently reimagined Collins Avenue resort a few blocks east — pool, dining and wellness facilities without the burden of maintaining them in your monthly dues.
Location & Lifestyle: One Block Behind the Noise
Villa17 sits one block from Lincoln Road, the pedestrian spine of South Beach, yet on a stretch of Jefferson Avenue that reads as a residential enclave.
- Sunset Harbour — with Sardinia’s regional Italian cooking, Stiltsville Fish Bar and the green-juice line at Pura Vida — is a ten-minute walk northwest.
- The beach is roughly half a mile due east along 17th Street; the New World Center and SoundScape Park are two blocks east; the Fillmore, the Convention Center, and the Miami Beach Botanical Garden cluster just northeast.
- Families are zoned for public schools within about a mile, including Fienberg Fisher K-8 and Miami Beach Senior High.
- Drivers reach Wynwood and the Design District in about 20 minutes across the Julia Tuttle Causeway, and Miami International Airport is roughly 12 miles away — 25 minutes midday, closer to 45 in rush hour.
For anyone weighing Miami Beach real estate on walkability alone, this corner is difficult to argue with.
The honest caveat: this is not waterfront, and quiet is seasonal. Convention weeks — Art Basel above all — and concert nights at the Fillmore push event traffic and parking hunters onto the surrounding blocks, and weekend crowds on Lincoln Road are a fact of life next door.
Buyers wanting a boat lift at the door should look at the Sunset Islands instead; buyers wanting to walk to everything will understand the trade instantly.
A Saturday on Jefferson Avenue
Saturday starts at True Loaf in Sunset Harbour, where the pastry case reportedly empties before mid-morning and the seating amounts to a bench you may share with someone’s French bulldog — regulars go early and take the long way back past the marina.
- Mid-morning belongs to Flamingo Park, a short walk straight down Jefferson: lap swimmers get the pool’s cool hour before the sun gets serious, and the thwock of the tennis courts carries down the block.
- The afternoon is a choice between the sand at the end of 17th Street and errands on Lincoln Road — residents learn to drift toward the quieter western end once the post-lunch crowds thicken.
Evenings from October through May, the New World Symphony throws its WALLCAST concerts onto the seven-story wall of the New World Center, and half the neighborhood turns up at SoundScape Park with blankets and a smuggled bottle of something cold; arrive late, and you’re on the sidewalk edge of the lawn.
- Dinner might mean putting a name in at Lucali on Bay Road — the wait for its pizza is reportedly a South Beach institution in itself — and strolling the harbor while you wait.
The imperfection worth admitting: in August, the walk home feels twice as long as it should, and you will plan your day around air conditioning like everyone else in the city. Then November arrives, and you remember why the trade is worth it.
The Investment Case
At the starting price, Villa17 works out to roughly $1,050 per interior square foot — for new construction with a private garage, in a submarket where that combination effectively cannot be replicated. The demand backdrop is firm: according to the Miami Association of Realtors’ April 2026 figures, Miami-Dade posted its eighth consecutive month of year-over-year sales growth, with sales of $5 million-plus properties up 25% against the prior year.
The competitive set clarifies the pitch. Five Park — Arquitectonica’s 48-story, 232-residence tower completed in 2024 — offers some 50,000 square feet of shared amenities, with current resales running from about $908,000 to $14.9 million; it is the strongest tower product in the neighborhood, and everything in it is shared.
Monad Terrace, Ateliers Jean Nouvel’s 59-residence bayfront building completed in 2021, offers the water frontage Villa17 lacks — but still puts a valet between you and your car and a condo board between you and your roof. Villa17’s entire offering would fit on a single floor of Five Park, and among pre-construction homes in Miami Beach, it is the only current option where the garage, the elevator and the roof belong to you alone.
Rental strategy here is long-term by regulation — the specifics are in the FAQ below — which positions these homes as primary residences, seasonal bases or stable annual-lease assets rather than short-stay inventory.
Frequently Asked Questions
When will Villa17 be completed?
Current marketing materials project delivery in the first quarter of 2027. As with any pre-construction purchase, the timeline can shift; a Bogatov Realty advisor can confirm the present construction status before you commit.
Can I rent out my townhome?
Long-term leases are the realistic path. The City of Miami Beach prohibits rentals shorter than six months and one day across its residential zoning districts, including this stretch of Jefferson Avenue. So Airbnb-style hosting is off the table. Final rental terms remain subject to the condominium documents once the association is finalized.
What is the difference between Villa A and Villa B?
The two plans share the same room program — bedrooms, baths, garage, elevator, and roof level are equivalent. The distinction is in proportion: A leans outdoors with the larger combined terrace area; B leans indoors with the larger interior area. Which trade suits you depends on how much of your life happens on the balconies.
Who is behind the interiors?
There is no single house designer; buyers select one of two bespoke design directions — an Italian package or a custom scheme by the design studio Yodezeen — and can add a turnkey furniture package from a choice of three designers. Bath design is credited to Antonio Lupi throughout.
Is there a gym or pool in the building?
No — and deliberately so, which keeps shared obligations lean. Owners receive resort access through the hotel membership described above; Flamingo Park’s public aquatic and tennis facilities are minutes away, and the rooftop can be configured for private outdoor living, including wellness-oriented build-outs.
Why buy a townhouse here instead of a condo?
Because the supply logic is inverted: South Beach adds condo units every year and townhouses rarely, so scarcity works for you rather than against you. You also hold a house-scale asset — your own garage, elevator and roof — without a tower’s shared-amenity fee load.
How does Villa17 compare with Five Park or Monad Terrace?
Those are the neighborhood’s benchmark condo towers, and the comparison comes down to shared luxury versus private autonomy — summarized in the investment section above. For a side-by-side on pricing, fees, and floor plans, contact a Bogatov Realty advisor.
Every era of Miami Beach has built its signature product — the Deco hotel, the condo slab, the branded tower. Villa17 quietly revives the oldest one: a house, on a good corner, in a neighborhood where people actually live. For buyers watching townhomes for sale in Miami Beach, the question is not whether this product will find its owners, but how long a category of ten can stay available.
“The towers will keep coming. The houses won’t.”
To compare Villa17 with other new constructions in Miami Beach, contact a Bogatov Realty advisor or submit an inquiry on this page.