Regulator 23
The verdict: Yes, if you value sea-keeping over cabin space
The 23 is the smallest boat Regulator builds and the one that most cleanly argues their case. 24 degrees of transom deadrise, a Carolina flare that gets credit on threads where owners compare it to Grady-White's SeaV², and a build that runs into a head sea instead of over it. We ran a 2022 hull in 2-to-3 foot chop off Morehead City in October 2024. Cruise at 30 mph with the Yamaha F300 held 3.6 mpg in that sea state, which is within 10 percent of flat-water numbers. The cockpit is tight for four adults fishing. It is not tight for three. The price sits with Pursuit and above Grady, and resale holds better than both.
Build
★★★★★
Performance
★★★★★
Accommodations
★★★☆☆
Systems
★★★★☆
Value
★★★☆☆
Resale
★★★★★
Build. Hand-laid fiberglass with vinylester resin, closed-cell foam coring, stainless throughout the hardware. Regulator's warranty reads long and owners report the company honors it. The boat feels overbuilt and it is.
Performance. The 24 degree deadrise does what 24 degree deadrise does. Dry ride in a 3-foot sea, predictable bow lift, and a cornering arc that stays flat at 35 mph. A 21 degree hull of the same length pounds where this one absorbs. Owners on THT who traded up from a Grady 228 repeat the same sentence, which is that the 23 lets them fish two more days of the month in conditions the 228 would call off.
Accommodations. No berth, no head enclosure on the standard layout. The console is used as weather shelter. Forward seating adds optional, and if kids come aboard twice a season it is worth the check. If three adults need to fish the boat full-time, the cockpit gives you that. Barely.
Systems. Garmin or Simrad at the helm depending on dealer spec. Raw-water washdown standard, fresh-water as an option. The livewell is 30 gallons, pressurized, and the pump is the one owners upgrade least often. Battery tray is accessible, which is not a given at the price.
Value. Three years of 10 percent depreciation followed by a flat curve owners document with pride. The brand premium over Grady-White is real at purchase and nearly recovers at resale. If the boat gets fished, the number works.
Resale. Regulator holds within single-digit percent of new over three years if clean, per 2025 broker-listing data. The 23 is rarer on the used market than the 26, which helps.
What's included
Yamaha F300 rigging, hydraulic steering, raw-water washdown, 30-gal livewell, T-top with rocket launchers, forward casting deck, dual batteries with switch.
What costs extra
Forward seating package, hardtop upgrade, fresh-water washdown, seakeeper stabilizer, trailer, dealer prep, electronics beyond the base plotter.
What works
- ✓ 24 degree deadrise runs into a head sea. Dry at 25 mph in a 3-foot chop
- ✓ Vinylester-resin layup and stainless hardware. Warranty is honored
- ✓ Resale within single digits of new for three years when clean
- ✓ 30-gallon pressurized livewell with a pump owners rarely replace
- ✓ Carolina flare throws spray sideways, not at the helm
What doesn't
- ✗ Cockpit tight for four anglers. The 26 is the boat if the crew grows
- ✗ Premium over Grady 236 at purchase is 25 to 35 percent
- ✗ No head enclosure on the standard layout
Best for
Nearshore anglers fishing 1 to 15 miles out in 2-to-3-foot conditions. Owners trading up from a 21 or 22 footer that pounds. Buyers who plan to keep the boat 10+ years.
Not ideal for
Buyers who need a berth. Buyers fishing 30+ miles offshore in any real sea. Anyone tight on budget, the 23 asks the full premium and does not discount.
Best year & trim to buy
2018–2022 hulls on the used market. Yamaha F300 rigging preferred over earlier F250 for cylinder-wall-corrosion concerns surfaced in owner-mechanic forum threads. Post-2017 layup is unchanged from current.
Pricing, April 2026
- New
- $185,000–215,000 new
- Used
- $85,000–145,000 (2017–2022 hulls, well-maintained)