NOT LISTED FOR SALE

Royal Embassy 5750 Collins Ave Unit 8B/8A Miami Beach, FL 33140

Oceanfront Neighborhood

Estimated Value: $1,212,000 - $1,474,000

4 Beds
4 Baths
3,587 Sq Ft
$2,310/mo HOA Fee

Last Sold August 18, 2021

Last sale price $1,025,000 $286 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $11,167/month

86 Days on Market

Highlights

  • Doorman
  • Direct Ocean View
  • Property Fronts a Bay or Harbor
  • North Beach Elementary School Rated A-
  • Dock Available
  • Private Beach Pavilion

About This Home

As of August 2021

This flow-through corner unit offers panoramic views of the intracoastal waterway and the ocean. With more than 3,587 SqFt of living area, this is the only property in Miami Beach with more than 3,500 SqFt priced under $2 Million Dollars. This white canvas is ready to be renovated and made into a stunning palace in the sky. You can make it a single large unit, or two independent units. But the real value is in keeping it as a single unit with the incredible living area. Hurricane impact windows installed. Royal Embassy Condo is on the intracoastal waterway, one block from the beach. Maintenance of $2,310 includes AC, cable and water plus Special assessment payment of $1,055/month. Royal Embassy has been completely renovated. Tenant occupied, 48 hr notice required. Virtual Tour available

Last Agent to Sell the Property

Juan Aluma

Cervera Real Estate Inc. License #3273979 Listed on: 04/22/2021

Cervera Real Estate Inc.

Co-Listed By

Victoria Fisher

One Sotheby's Int'l Realty License #3259798

Last Buyer's Agent

Claudia Sedighim

Beachfront Realty Inc License #3194122

Beachfront Realty Inc

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $12,293

Year Built

  • Built in 1968

HOA Fees

  • $2,310 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Guest Parking

Property Views

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 3,587 Sq Ft Home
  • Tile Flooring

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Outdoor Features

  • Dock Available

Additional Features

  • East of U.S. Route 1
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-32-11-041-0190

Community Details

Overview

  • Royal Embassy Condo
  • Royal Embassy Condo,Royal Embassy Condo Subdivision
  • The community has rules related to no recreational vehicles or boats
  • 17-Story Property

Amenities

  • Doorman
  • Secure Lobby
  • Interior Hall

Recreation

  • Private Beach Pavilion

Pet Policy

  • Breed Restrictions

Additional Features

  • Maintenance Expense $2,306
  • Security Guard

Property Details

Home Type

Condominium

Est. Annual Taxes

$12,293

Year Built

Built in 1968

Lot Details

0

HOA Fees

$2,310 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1968
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit
  • Co List Office Mls Id: OSIR22
  • Co List Office Phone: 305-935-0300
  • Entry Level: 8
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Dock Available,Other
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: ROYAL EMBASSY CONDO,Royal Embassy Condo
  • Year Built Details: Resale
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Microwave, Refrigerator
  • Interior Amenities: Interior Hall, First Floor Entry
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Flooring: Tile
  • Furnished: Unfurnished
  • Living Area: 3587
  • Possible Use: Primary
  • Stories: 17
  • Window Features: Hurricane Shutters
  • Bedroom Features: Entry Level

Exterior Features

  • View: Bay, Direct Ocean, Water View
  • Exterior Features: East Of Us1, Open Balcony
  • Construction Type: CBS Construction
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: Royal Embassy Condo
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: 2 Or More Spaces, Guest, No Rv/Boats

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Doorman, Guard At Site, Lobby Secured

Condo/Co-op/Association

  • Association Fee: 2310
  • Amenities: Exercise Room, Heated Pool, Pool, Private Beach Pavilion
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 02-32-11-041-0190
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Maintenance Expense: 2306

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 12293

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2021
Closed on
Aug 18, 2021
Sold by
Myerson Ruth and Waechter Ruth Schaffer
Bought by
Rofeh Massood and Rofeh Malihe
Seller's Agent
Juan Aluma
Cervera Real Estate Inc.
Buyer's Agent
Claudia Sedighim
Beachfront Realty Inc
List Price
$1,250,000
Sold Price
$1,025,000
Premium/Discount to List
-$225,000
-18%
Total Days on Market
86
Current Estimated Value
$1,395,414

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$370,414
Avg. Annual Appreciation
9.43%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Rofeh Massood $1,025,000 Attorney
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2021 08/18/21 Sold $1,025,000 -18.0% $286 / Sq Ft
07/15/2021 07/15/21 Pending -- -- --
04/20/2021 04/20/21 For Sale $1,250,000 0.0% $348 / Sq Ft
05/01/2014 05/01/14 Rented $3,100 0.0% --
04/01/2014 04/01/14 Under Contract -- -- --
03/06/2014 03/06/14 For Rent $3,100 -- --
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $17,423 $922,020 -- --
2023 $17,423 $922,020 $0 $0
2022 $15,749 $838,200 $0 $0
2021 $12,261 $635,000 $0 $0
2020 $12,293 $635,000 $0 $0
2019 $12,305 $635,000 $0 $0
2018 $11,941 $635,000 $0 $0
2017 $13,239 $665,140 $0 $0
2016 $12,788 $604,673 $0 $0
2015 $11,081 $549,703 $0 $0
2014 $10,153 $499,730 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Juan Aluma

    Seller's Agent in 2021

    Juan Aluma

    Cervera Real Estate Inc.

    (305) 851-2820

    1 in this area

    78 Total Sales

    Juan Aluma
    Section Image
  • Victoria Fisher

    Seller Co-Listing Agent in 2021

    Victoria Fisher

    One Sotheby's Int'l Realty

    (305) 744-0777

    1 in this area

    89 Total Sales

    Victoria Fisher
    Section Image
  • Claudia Sedighim

    Buyer's Agent in 2021

    Claudia Sedighim

    Beachfront Realty Inc

    (305) 725-4939

    3 in this area

    3 Total Sales

    Claudia Sedighim
    Section Image

  • A

    Seller's Agent in 2014

    Alexandre Burkhardt

    MMLS Assoc.-Inactive Member

    Section Image

  • A

    Seller Co-Listing Agent in 2014

    Ayala Yefet Burkhardt

    Burkhardt Real Estate Group

  • Karen Stauber

    Buyer's Agent in 2014

    Karen Stauber

    Coldwell Banker Realty

    (786) 213-9756

    2 in this area

    40 Total Sales

    Karen Stauber
    Section Image
See All Agents

About Royal Embassy

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11030167

MIAMI REALTORS® MLS

APN: 02-3211-041-0190

Florida Miami/Dade County Miami Beach 33140 Oceanfront

5750 Collins Ave Unit 8B/8A, Miami Beach, FL

This home is located at 5750 Collins Ave Unit 8B/8A, Miami Beach, FL 33140 since 22 April 2021 and is currently estimated at $1,395,414, approximately $389 per square foot. This property was built in 1968. 5750 Collins Ave Unit 8B/8A is a home located in Miami-Dade County with nearby schools including North Beach Elementary School, Nautilus Middle School, and Miami Beach Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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