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    1035 Hillsboro Mile unit 33 Hillsboro Beach, FL 33062

    View on Map
    For Sale
    $383,000

    MULTI_FAMILY - Hillsboro Beach, FL

    Property size:
    550 SF
    Added:
    Jan 25, 2026
    Days on Market:
    73
    Last Refresh:
    Apr 8 at 3:06 pm

    Property Features for 1035 Hillsboro Mile unit 33

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    1
    Bathrooms
    1
    Rooms
    Bathroom 1, Bedroom 1
    Parking features
    Assigned, Guest
    Window features
    Plantation Shutters
    Pets allowed
    Yes, Cats OK
    Interior features
    Built-in Features, Elevator
    Exterior features
    Balcony
    Accessibility
    Accessible Elevator Installed
    Appliances
    Dishwasher, Disposal, Electric Range, Ice Maker, Microwave, Refrigerator
    Standard status
    Active
    APN
    484317NZ0170
    Size
    550 SF

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    HILLSBORO MILE TOWER CO-OP UNIT 33
    Tax Annual Amount
    1569
    Expense value
    150
    Expense
    Application Fee
    Expense freq.
    One Time

    Utilities

    Utilities
    Cable Available
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air, Ceiling Fan(s)
    Water front features
    Beach Access
    Water front
    1

    Building Details

    Year built
    1964
    Floors in Building
    4
    Flooring type
    Vinyl
    Building materials
    Block

    We can help!

    Listing Contact
    Andrea H Reznick

    Listing agent Andrea H Reznick License #3050820

    Listing office The Cove Guspav Realty 1646 SE 3rd Ct, Deerfield Beach, FL

    Listing date Jan 25, 2026

    MLS# F10548320

    Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Hillsboro Beach Ocean View Condo

    This property offers direct ocean views upon entry, complemented by intracoastal views from the bedroom and back exterior. The unit features quartzite counters in the kitchen and bathroom, along with LG appliances and custom cabinets. A tankless water heater is included. The property has lux vinyl flooring, complete turtle impact glass, and a hurricane door. It is being sold fully furnished, including a sleeper sofa. The square footage is utilized to the maximum. The A/C was updated in 2020, and the roof is scheduled for replacement in 2025. The property is located in Hillsboro Beach, FL. All ages are welcome, and there is no land lease. The unit includes private storage and assigned parking. The seller is covering a $37,000 assessment for concrete restoration, replacing concrete walls with aluminum railing, and exterior painting. The property size is 550 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hillsboro Beach
    County
    Broward
    State
    Florida
    Longitude
    -80.0797211
    Latitude
    26.2764971

    FAQs

    What type of property is this?
    Single family property - Turn-key condo with ocean and intracoastal views in Hillsboro Beach.
    Where is this single family property located?
    The property is located at 1035 Hillsboro Mile unit 33 Hillsboro Beach, FL.
    What is the asking price?
    The asking price for this property is $383,000.
    What are key features of this property?
    This property features: Direct Ocean and Intracoastal Views; Seller paying $37K assessment for concrete restoration, replacing concrete walls with aluminum railing & exterior painting.; **Completely renovated with quartzite counters, LG appliances, custom cabinets, and lux vinyl flooring**
    (954) 649-2953
    We can help!
    Listing Contact
    Andrea H Reznick
    Real Estate License ID: 3050820
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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