1231 Hillsboro Mile, Hillsboro Beach, FL 33062
$12,000,000
Property Type:
Commercial Sale
Lot Size (sq. ft.):
63,497
Status:
Active
Current Price:
$12,000,000
List Date:
7/22/2022
Last Modified:
2/20/2026
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# F10340064
Contract Information
Comp Sale YN: No
Listing Contract Date: 2022-07-22
Status: Active
Original List Price: 12000000
List Price: $12,000,000
Current Price: $12,000,000
Location and Legal
County Or Parish: Broward
County Parish Name: Broward
City Name: Hillsboro Beach
Postal Code: 33062
Geographic Area: NBEA - North Broward Ocean To Intracoastal (3111-3121)
Country: United States
Street Number: 1231
Street Name: Hillsboro Mile
State Or Province: FL
Postal Code +4: 1329
Area: 3112
Parcel Number: 484308PR9999
Directions: Drive south on A1A to Hillsboro Beach and the property is located on the left side
General Property Information
Lot Size Area: 63500
Stories Total: 2
Property Sub Type: Multi Family
Year Built: 1957
Parking Total: 38
Lot Size Acres: 1.46
Currently Not Used
Number Of Units Total: 30
Office/Member Information
DXORIGMLSID: FLL
Property Condition
Resale: 1
Short Sale Details
Short Sale Addendum: No
Documents Available
Aerial Photo(s): 1
Structure Type
Hotel/Motel: 1
Warehouse: 1
Utilities
Sewer Available: 1
Business Type
Other: 1
Heating
Central Building: 1
Listing Terms
Cash: 1
Conventional: 1
Water Source
Public: 1
Description of Unit Type 1
Unit Type: Hotel Room(s)
Units Total: 30
Cooling
Central Building: 1
Showing Requirements
24 Hour Notice: 1
Appointment Only: 1
Call Listing Agent: 1
Showing Service: 1
Section Details
Parcel Number MLX: 9999
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
Originating Details
Originating System Key: 556739933
Originating System ID: M00000170
Property Features
Business Type: Other
Documents Available: Aerial Photo(s)
Heating: Central Building
Property Condition: Resale
Cooling: Central Building
Listing Terms: Cash; Conventional
Structure Type: Hotel/Motel; Warehouse
Utilities: Sewer Available
Water Source: Public
Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent; Showing Service
Listing Office:
Beautiful Homes Realty Inc
Last Updated: February - 20 - 2026
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