561$12,000,000
1231 Hillsboro MileHillsboro Beach, FL 33062
MLS# FX-10340073
1 / 23
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.
Details
Maps
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: Business
Year Established: 65
Year Built: 1957
SqFt - Occupied: 15320
Directions: Drive south on A1A to Hillsboro Beach and the property is located on the left side
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
Monetary Info
Inc/Exp Stmnt Period: 2021-2022
Source of Expenses: Tax Return
Insurance: 49712
Property Features
Location: Beach Area
Avail Docs: Aerial
Utilities: Other
Terms Considered: Cash
Listing Office: Beautiful Homes Realty Inc
Last Updated: December - 02 - 2025
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2024 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
Saturday 20th of December 2025 02:12 PM
561