For Sale
$12,000,000

1231 Hillsboro MileHillsboro Beach, FL 33062

Prime oceanfront property; redevelopment potential.

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional investment opportunity presents a 30-unit building situated on 201 feet of coveted oceanfront land in Hillsboro Beach, Florida. The property, located at 1231 Hillsboro Mile, zip code 33062, boasts a prime location just an eight-minute stroll from Deerfield Beach's vibrant pier, restaurants, and shops. Built in 1957, the existing structure offers immediate income generation potential. The property includes a private pool and private beach access, enhancing its desirability. A significant advantage is the existing land lease, with a substantial 33 years remaining, at an annual cost of $12,000. This presents a unique chance for investors and developers to capitalize on the high-demand oceanfront location. The property's size is not specified, but the substantial ocean frontage and existing building provide a strong foundation for either renovation or complete redevelopment, unlocking limitless possibilities for future development. This is a rare opportunity to acquire a truly unique oceanfront property in a highly sought-after area. The asking price for this exceptional property is $12,000,000.

Highlights

  • $12,000,000 asking price.
  • 30-unit special purpose property.
  • 1957 construction.
  • 201 feet of direct ocean frontage in Hillsboro Beach, FL.
  • Features a private pool and private beach access.
  • 8-minute walk to Deerfield Beach pier, restaurants, and shops.

Property Details for 1231 Hillsboro Mile

Property type
Specialty properties
Year Built
1957
Units
30

Location Insight

City
Hillsboro Beach
County
Broward
State
Florida
Latitude
26.3043671
Longitude
-80.0770428
1231 Hillsboro Mile, Hillsboro Beach, Florida

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1231 Hillsboro Mile
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