1231 Hillsboro Mile, Hillsboro Beach, FL 33062 - Listing F10340073 by Waterfront & Estate Properties

See all 23 Photos

Map View

Favorite

Notes

Payments

1231 Hillsboro Mile

Hillsboro Beach, FL 33062

FOR

SALE

$12,000,000

For Sale

1957

Yr. Built

MLS# F10340073

Listed on site 315 days since July 22nd, 2022

Property Details

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, and the building owner retains the right of first refusal to purchase the land lease at any time during the lease. This is the only prime oceanfront location available for new or redevelopment in the area. The possibilities are limitless.

Get Directions

Print Flyer

Ask a Local Expert

Comments and Questions

*Your Name

Submit Question

Property Highlights

Status

For Sale

MLS Status

Active

Price

$ 12,000,000

Property Type

Business

Property Subtype

Business

Year Built

1957

Location

County

Broward

Heating, Cooling & Utilities

Utilities

Other

Lot

Zoned

RM-16

Taxes & Terms

Terms

Cash

Phone:

View Census Data

View Schools

Get a Link to this Property: Copy To Clipboard

Listed by Beautiful Homes Realty Inc

Payment Calculator

per month. Fixed. % interest.

Home Price

Down Payment

Loan Type

Interest Rate

Total interest paid over s will be:

Principal & Interest

Home Insurance

Property Tax

HOA Fees

All estimates and provided for informational purposes only. Actual amounts may vary. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. Information, rates, programs and loan scenarios shown are for example only as of 3-Jun-2023 and are subject to change without notice. All products are subject to credit and property approval. Not all products are available in all states or for all loan amounts. Other restrictions and limitations apply. Contact your preferred lender for the pricing associated with your specific transaction. Calculations are generated by open source mortgage calculation software tools using common mathematical formulas. Copyright © 2023 Buying Buddy. All calculations should be independantly verified.

Interest rates and APRs presented are based on current market rates, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables - call for details.
This is not a credit decision or a commitment to lend.
Depending on loan guidelines, mortgage insurance may be required
If mortgage insurance is required, the mortgage insurance premium could increase the APR and the monthly mortgage payment. Additional loan programs may be available.
APR (annual percentage rate) reflects the effective cost of your loan on a yearly basis, taking into account such items as interest, most closing costs, discount points (also referred to as "points"), and loan-origination fees. One point is 1% of the mortgage amount (e.g., $1,000 on a $100,000 loan).
Your monthly payment is not based on APR, but instead on the interest rate on your Note.
Adjustable Rate Mortgage (ARM) rates assume no increase in the financial index after the initial fixed period. ARM rates and monthly payments are subject to increase after the fixed period.
These special rates presented here are only available when you pre-qualify and are not guaranteed until lock-in.
Amounts may be rounded up. Additional fees and closing costs apply. If the down payment is less than 20%, mortgage insurance may be needed, which could increase the monthly payment and APR.
Calculations are generated by Open Source mortgage calculation software tools using common mathematical formulas. This Payment Calculator tool is Copyright © 2023 Buying Buddy. All calculations should be independantly verified.
Please contact a loan specialist to get specific payment examples and information regarding your particular needs.

Get Walk Score Content

Property History

315 days ago

Property Listed

52 days ago

Property info last updated

Similar Properties

All rights reserved. Information deemed reliable but not guaranteed. All listings featuring the RPBGFL MLS logo are provided by the Realtors of the Palm Beaches and Greater Fort Lauderdale, Inc. and Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2023 Realtors of the Palm Beaches and Greater Fort Lauderdale, Inc. and Beaches MLS, Inc.

Listing Data last updated: 3rd June, 2023 02:00 MST

Start of property details