1231 Hillsboro Mile

Hillsboro Beach, FL 33062

$12,000,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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...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.
  1. Listed by Tony Albino • Beautiful Homes Realty Inc

Property Details for 1231 Hillsboro Mile

Waterfront
Yes
LISTING UPDATED: 08/16/2024 02:19 PM

Property Details for 1231 Hillsboro Mile

StatusActive
MLS #F10340064
Days on Market683
Taxes$74,142 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial/Industrial / Income/Multi-Family
Year Built1957
Lot Size1.46 AC / 63,500 SF
CountyBroward County

Building

Sunrise Ocean Suites

2 StoriesBuilt in 1957

Building Information for 1231 Hillsboro Mile

Stories2Residences-Year Built1957Building Size-Lot Size1.46 AC / 63,500 SF

Property Information for 1231 Hillsboro Mile

General Information
General Information
  • Information Available: Aerial Photo(S)
  • Township Range: 4843
  • Street Number Numeric: 1231
  • Street Number: 1231
  • Street Name: Hillsboro Mile
  • County Or Parish: Broward County
  • Postal Code: 33062
  • City and Location Text: Hillsboro Beach
  • City Postal ID: 33062
Maintenance / Tax Information
  • Tax Amount: $74,142
  • Tax Year: 2021
Building Information
  • Property Sq Ft: 63500
  • Property Type: Commercial/Industrial
  • Type of Building: Free Standing, Hotel/Motel, Other Building Type
  • Type of Property: Income/Multi-Family
  • Year Built Numeric: 1957
  • Year Built Description: Resale
  • MLS Area: 3112
Virtual Tour / Features / Utilities
Waterfront
  • Water Description: Public Water
Utilities
  • Heating Description: Central Building A/C
  • Sewer Description: Other Sewer
Property / Lot Information
Building Information
  • Unit Count: 1
  • Num Floors: 2
  • Num Parking Spaces: 38
  • Num Stories: 2
Community Information
  • Property Management: No
Location Information
  • Area: 3112
  • Directions: Drive south on A1A to Hillsboro Beach and the property is located on the left side
  • Geographic Area: North Broward Ocean To Intracoastal (3111-3121)
  • Location of Property: Beach Access
  • Parcel Number Free Text: 484308PR9999
  • Section: 8
  • State: FL
Lot Information
  • Approximate Lot Size: 1.34 ACRES
  • Lot Square Footage: 63500.0
  • Total Acreage: 1

Property History for 1231 Hillsboro Mile

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1231 Hillsboro Mile

Taxable ValueLand$10Additions-Total$10
Home Facts
Beds0Lot Size63,500 SqFtStyleResidentialZoningRM-16CountyBROWARDAPN48-43-08-PR-9999

Schools near 1231 Hillsboro Mile

This home is within Broward.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Cresthaven Elementary School
PublicPK to 5

Crystal Lake Community Middle School
Public6 to 8

Deerfield Beach High School
Public9 to 12

Somerset Academy Pompano Middle (6-8)
Charter6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1231 Hillsboro Mile is a multi-family home for sale in Hillsboro Beach, FL 33062. This property was listed for sale on July 22, 2022 by Beautiful Homes Realty Inc, it's currently listed at $12,000,000. This listing's school district is Broward. Nearby schools include Cresthaven Elementary School, Crystal Lake Community Middle School and Deerfield Beach High School. 1231 Hillsboro Mile is a 0-bed, 0-bath, multi-family home built in 1957.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Beautiful Homes Realty Inc

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.