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1231 Hillsboro Mile Hillsboro Beach, FL $ 12,000,000
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1231 Hillsboro Mile
$ 12,000,000
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1231 Hillsboro Mile

Hillsboro Beach, FL, 33062
$ 12,000,000
Bedrooms-- Baths--

Monthly Estimate*

$ 73,886

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Commercial Property for sale in Hillsboro Beach, FL

for $12,000,000. This building was built in 1957 on a lot size of 1.46.

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.

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Commercial Active

Price

$ 12,000,000

Property Type

Commercial

Taxes

$ 74,142

Style

Lot Size

1.46

Year Built

1957

Town/City

Hillsboro Beach

County/Region

Broward

MLS | Web ID

F10340064
Features
General
Heating Central
Cooling Central Air
Utilities Sewer Available
Year Built 1957
Property Subtype Multi Family
Tax Year 2021
Business Type Other
County Broward
New Construction false
Property Type Commercial Sale
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 Multi Family
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
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Interior
Total Stories 2
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
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Exterior
Water Source Public
Total Parking 38
Lot Size Area 63500
Lot Size Acres 1.46
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* Excluded Features
List By
Anthony J Albino

Listing Agent

Affordability Calculator

$80,065
Per Month
92%
8%
0%
Monthly Principal & Interest
$73,886
Monthly Property Taxes
$6,179
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
1/14/2026$12,000,000 Listed Price

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1231 Hillsboro Mile, Hillsboro Beach, FL, 33062 is a Commercial Property for sale at $12,000,000 with a lot size of 1.46. 1231 Hillsboro Mile was built in 1957. The property's zip code is 33062 which is in Hillsboro Beach, FL

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