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
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# F10340073
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
Zoning: RM-16
Directions: Drive south on A1A to Hillsboro Beach and the property is located on the left side
General Property Information
Occupied Area: 15320
Year Built: 1957
Parking Total: 38
Waterfront YN: 1
Currently Not Used
Year Built: 1957
Office/Member Information
DXORIGMLSID: FLL
Electric
Other: 1
Loan Details
Assumable Chattel Balance: 0
Short Sale Details
Short Sale Addendum: No
Documents Available
Aerial Photo(s): 1
Structure Type
Hotel/Motel: 1
Location of Property
Beach Access: 1
Business Type
Commercial: 1
Other: 1
Listing Terms
Cash: 1
Conventional: 1
Business Details
Year Established: 65
Income and Expenses
Gross Sales: 1000000
Inc/Exp Statement Period: 2021-2022
Insurance Expense: 49712
Source Of Expenses
Tax Return: 1
Price Calculations
Current Price To SqFt: 783.29
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: 556741256
Originating System ID: M00000170
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
Listing Office:
Beautiful Homes Realty Inc
Last Updated: February - 20 - 2026
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