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
Status: Active
Original List Price: 12000000
Auction: No
List Price: $12,000,000
Current Price: $12,000,000
Listing Date: 2022-07-22
General Property Description
Type: MultiFamily (5+ Units)
For Sale: Yes
For Lease: No
Year Built: 1957
Built Desc: Resale
# of Stories: 2
Total Units: 30
Acres: 1.46
Waterfront: Yes
Location Tax Legal
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
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
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