1231 Hillsboro Mile, Hillsboro Beach, FL 33062
$12,000,000
Property Type:
Business Opportunity
Status:
Active
Current Price:
$12,000,000
List Date:
7/22/2022
Last Modified:
2/20/2026
Overview
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.
Listing Details MLS# F10340073
General Property Information
- Occupied Area
- 15320
- Year Built
- 1957
- Parking Total
- 38
- Waterfront YN
- Yes
Property Features
Business Type:
Commercial; Other
Documents Available:
Aerial Photo(s)
Electric:
Other
Location of Property:
Beach Access
Source Of Expenses:
Tax Return
Listing Terms:
Cash; Conventional
Structure Type:
Hotel/Motel
Contract Information
- Comp Sale YN
- No
- Listing Contract Date
- 2022-07-22
- Original List Price
- 12000000
Location and Legal
- Country
- United States
- County Or Parish
- Broward
- County Parish Name
- Broward
- Street Number
- 1231
- Street Name
- Hillsboro Mile
- City Name
- Hillsboro Beach
- State Or Province
- FL
- Postal Code
- 33062
- Postal Code +4
- 1329
- Area
- 3112
- Geographic Area
- NBEA - North Broward Ocean To Intracoastal (3111-3121)
- Parcel Number
- 484308PR9999
- Zoning
- RM-16
- Directions
- Drive south on A1A to Hillsboro Beach and the property is located on the left side
Financial Information
- Tax Annual Amount
- 74142
- Tax Year
- 2021
- Tax Legal Description
- 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 FOR RAINBOW OCEANSHORE
Status Change Information
- Major Change Timestamp
- 2025-01-01T06:00:00Z
- Major Change Type
- Status Change
- Status Change Date
- 2023-12-20
More Information
Business Details
- Year Established
- 65
Short Sale Details
- Short Sale Addendum
- No
Income and Expenses
- Gross Sales
- 1000000
- Inc/Exp Statement Period
- 2021-2022
- Insurance Expense
- 49712
Price Calculations
- Current Price To SqFt
- 783.29
Section Details
- Parcel Number MLX
- 9999
Originating Details
- Originating System Key
- 556741256
- Originating System ID
- M00000170
Currently Not Used
- Year Built
- 1957
Office/Member Information
- DXORIGMLSID
- FLL
Electric
- Other
- Yes
Loan Details
- Assumable Chattel Balance
- 0
Documents Available
- Aerial Photo(s)
- Yes
Structure Type
- Hotel/Motel
- Yes
Location of Property
- Beach Access
- Yes
Business Type
- Commercial
- Yes
- Other
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Source Of Expenses
- Tax Return
- Yes
Listing Office:
Beautiful Homes Realty Inc
Last Updated: February - 20 - 2026
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