5750 Collins Miami Beach, 33140 – MLS R10775194

In the heart of MILLIONAIRE’S ROW! Renovated condo has spectacular Ocean, Intercoastal and Downtown views! Bright corner unit has very large bedrooms featuring grey-oak style flooring throughout .Beautiful kitchen with top of the line finishes, W/D inside the unit. SS appliances. CUSTOM closet built-ins. Custom MURPHY BED in 2nd BR. New hurricane impact windows. Building has gone through extensive renovation with new glass balconies, elevators and lobby. Amenities include: Valet Parking, Concierge, 24-hour security, library, heated waterfront pool, dock, sauna, state-of-the-art gym. A/C included in the maintenance. Access to the beach right across the street. Large storage closet. Make an appointment to view this today. Showings begin 2/10/22 @ 11AM. Royal Embassy Condominium Estimated Project Costs Breakdown

Exhibit “A”

Mandatory Projects Bid
Structural Repairs /Concrete Restoration $ 1,675,000.00
Roof Replacement $ 1,050,000.00
Seawall Repairs $ 350,000.00
Electrical Repairs/Upgrades $ 100,000.00
Total $ 3,175,000.00
Additional Expenses Allowance
Permits, Shoring, Hurricane Protections, Etc. $ 325,000.00
Total $ 325,000.00
TOTAL MANDATORY PROJECTS & ADDITIONAL EXPENSES $ 3,500,000.00

Beautification Projects Allowance
Replacement of Common Area Hallway Carpets $ 125,000.00
Removal of Popcorn Ceilings in Common Area Hallways $ 100,000.00
Painting of Common Area Hallways & Doors $ 75,000.00
Modernization of Social Room $ 25,000.00
Modernization of Kitchen $ 15,000.00
Sandblast & Repaint Valet Ramp/Driveway $ 50,000.00
Replacement of 24 Fire Rated Emergency Exit Doors $ 40,000.00
Replacement of Lobby Carpet Area $ 5,000.00
Resurfacing of the Pool $ 50,000.00
Lobby Marble Restoration $ 15,000.00
Total $ 500,000.00
TOTAL BEAUTIFICATION PROJECTS $ 500,000.00

TOTAL COSTS OF PROJECTS $ 4,000,000.00