1231 Hillsboro Mile, Hillsboro Beach, FL 33062
$12,000,000
Property Type:
Business
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-10340073
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
Year Established: 65
Directions: Drive south on A1A to Hillsboro Beach and the property is located on the left side
SqFt - Occupied: 15320
Type: Business
Year Built: 1957
Location, Tax & Legal
Geo Area: NBEA
Country: United States
State/Province: FL
Short Sale: No
Tax Year: 2021
Zoning: RM-16
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
Office/Member Info
DXORIGMLNO: F10340073
DXORIGMLSID: FLL
Monetary Info
Assum Chattel Bal: 0
Inc/Exp Stmnt Period: 2021-2022
Source of Expenses: Tax Return
Insurance: 49712
Location
Beach Area: 1
Avail Docs
Aerial: 1
Utilities
Other: 1
Terms Considered
Cash: 1
Property Features
Location: Beach Area
Avail Docs: Aerial
Utilities: Other
Terms Considered: Cash
Listing Office:
Beautiful Homes Realty Inc
Last Updated: December - 02 - 2025
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