1231 Hillsboro Mile Hillsboro Beach FL 33062

Address

1231 Hillsboro Mile, Hillsboro Beach, FL

Listing Type

Active

Price

$ 12,000,000

Property Attributes

MLS#F10340064
TypeSingle Family
Listing Status Active
CountyBroward
CityHillsboro Beach
Area3112
Zip33062
Style
Year Built1957
Taxes$ 74142
Price$ 12,000,000
Bedrooms0
Full Bathrooms0
Half Bathrooms0
Lot Size1.46 Acres

Data Source:

Beaches MLS (FL)

Property 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.

Price History
1/14/2026	Listed $12,000,000

General Features

Heating	Central
Cooling	CentralAir
Utilities	SewerAvailable
Year Built	1957
Property Subtype	MultiFamily
Tax Year	2021
Business Type	Other
County	Broward
New Construction	false
Property Type	CommercialSale
Status	Active
Directions	Drive south on A1A to Hillsboro Beach and the property is located on the left side
City	Hillsboro Beach
Number Of Units Total	30
MLS Area	3112
Tax Annual Amount	74142
Property Condition	Resale
Virtual Tour	https://www.propertypanorama.com/1231-Hillsboro-Mile-Hillsboro-Beach-FL-33062/unbranded
Standard Status	Active
Property Sub Type Additional	MultiFamily
PostalCity	Hillsboro Beach
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

Interior Features

Total Stories	2
Air Conditioning Y/N	true
Heating Y/N	true

Exterior Features

Water Source	Public
Total Parking	38
Lot Size Area	63500
Lot Size Acres	1.46

Amenities

Foreclosure
Views
Short Sale
New Construction
Adult 55+
Lease To Own
No HOA Fees
Furnished
Primary On Main
Air Conditioning
Seller Finance
Green
Fixer Upper
Horse
Golf
Fireplace
Deck
Garage
Basement
Pool

Property vs Single Family Average in 33062

Price

AVG $3.84M

$12M

Taxes

AVG $28,198

$74,142

Year Built

AVG 1976

1957

Areas We Cover

Homes by Darci Margeson

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