1231 Hillsboro Mile, Hillsboro Beach, FL 33062
$12,000,000
Property Type:
Comm/Industry
Status:
Active
Current Price:
$12,000,000
Last Modified:
12/02/2025
Description
A new opportunity for investors and developers looking to acquire a prime oceanfront building. The existing 30 unit building offers high income producing opportunities with 201' of direct ocean frontage, a private pool, private beach access, and is only an 8 minute walk to the Deerfield Beach pier, restaurants and shops. There is also potential for redevelopment or renovation of the existing building. A land lease with a 33-year term remaining is in place at $12,000 per year. This is the only prime oceanfront location available for new or redevelopment in the area. The possibilities are limitless.
More Information MLS# FX-10340064
Contract Information
Auction: No
Status: Active
Original List Price: 12000000
List Price: $12,000,000
Current Price: $12,000,000
Listing Date: 2022-07-22
General Property Description
For Sale: Yes
For Lease: No
Acres: 1.46
Built Desc: Resale
Waterfront: Yes
# of Stories: 2
Total Units: 30
Type: MultiFamily (5+ Units)
Year Built: 1957
Location, Tax & Legal
Geo Area: NBEA
Country: United States
State/Province: FL
Tax Year: 2021
Real Estate Taxes: 74142
Area: 3112
County: Broward
Parcel ID: 484308PR9999
Street #: 1231
Street Name: Hillsboro Mile
Zip Code: 33062
Legal Desc: 8-48-43 ALL THAT POR OF THE S 200 OF THE N 500 OF GOV LOT 1 LYING E OF ELY R/W//L OF STATE RD A1A AKA:UNDERLYING LAND FO
Geo Lat: 26.30437
Geo Lon: -80.077042
Remarks & Misc
Directions: Drive south on A1A to Hillsboro Beach and the property is located on the left side
Office/Member Info
DXORIGMLNO: F10340064
DXORIGMLSID: FLL
Location
Beach Area: 1
Sale Includes
Building Only: 1
Avail Docs
Aerial: 1
Heating
Central Building: 1
Utilities
Public Water: 1
Terms Considered
Cash: 1
Property Features
Location: Beach Area
Sale Includes: Building Only
Avail Docs: Aerial
Heating: Central Building
Utilities: Public Water
Terms Considered: Cash
Listing Office:
Beautiful Homes Realty Inc
Last Updated: December - 02 - 2025
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2024 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.