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    1043 Hillsboro Mile Hillsboro Mile Hillsboro Beach, FL 33062

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    Claim this Listing
    For Sale
    $310,000

    MULTI_FAMILY - Hillsboro Beach, FL

    Property size:
    850 SF
    Added:
    Mar 31, 2026
    Days on Market:
    19
    Last Refresh:
    Apr 18 at 11:06 am

    Property Features for 1043 Hillsboro Mile Hillsboro Mile

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RM-30
    Bedrooms
    1
    Bathrooms
    2
    Rooms
    Bathroom 1, Bedroom 1, Bathroom 2
    Parking
    1
    Parking features
    Open
    Security features
    Security Lighting
    Window features
    Blinds
    Patio and Porch features
    Patio, Porch
    Pool private
    1
    Exterior features
    Balcony
    Appliances
    Electric Cooktop, Cooktop, Dishwasher, Microwave, Refrigerator
    Standard status
    Active
    APN
    484317nx0380
    Size
    850 SF

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    HILLSBORO MILE OCEAN APTS SEC 2 CO-OP UNIT 21C
    Tax Annual Amount
    1955
    Expense value
    100
    Expense
    Application Fee
    Expense freq.
    One Time

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Ceiling Fan(s), Central Air
    Water source
    Public
    Water front features
    Ocean Access
    Water front
    1

    Building Details

    Year built
    1958
    Floors in Building
    3
    Flooring type
    Wood, Tile - Ceramic
    Building materials
    CBS
    Roof type
    Concrete, Flat

    We can help!

    Listing Contact
    Susan Turner

    Listing agent Susan Turner License #3534224

    Listing office Keller Williams Realty Profess 2419 E Commercial Blvd. Suite 101, Fort Lauderdale, FL

    Listing date Mar 31, 2026

    MLS# B26009133 Listing URL

    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

    Oceanfront Condo in Hillsboro Beach

    This property offers a front-row seat to waterfront living. Located in Hillsboro Beach, this turnkey 1BR/1BA unit features ocean views at sunrise and intracoastal views at sunset. The 850 square feet condo is situated directly on the oceanfront and provides access to a pool, sundeck, and clubhouse with views of the Intracoastal Waterway. The property is zoned RM-30 and offers access to amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Hillsboro Beach
    County
    Broward
    State
    Florida
    Longitude
    -80.0981
    Latitude
    26.2377

    Nearby Similar for Sale

    • $375,000
      850 SF

      Hillsboro Beach Oceanfront Residence

      Oceanfront residence on Hillsboro Mile with intercostal access.
      1221 Hillsboro Mile, Hillsboro Beach, FL 33062
      View Details
    • $685,000
      923 SF

      Hillsboro Beach Waterfront Residence

      Refined two-bedroom residence with dual-waterfront lifestyle.
      1187 Hillsboro Mile, Hillsboro Beach, FL 33062
      View Details

    FAQs

    What type of property is this?
    Single family property - Turnkey 1BR/1BA condo with ocean and intracoastal views.
    Where is this single family property located?
    The property is located at 1043 Hillsboro Mile Hillsboro Mile Hillsboro Beach, FL.
    What is the asking price?
    The asking price for this property is $310,000.
    What are key features of this property?
    This property features: Direct oceanfront location with **ocean and Intracoastal Waterway views**; **Turnkey, impeccably designed 1BR/1BA unit**; Private pool and sun‑drenched sundeck
    (561) 817-3200
    We can help!
    Listing Contact
    Susan Turner
    Real Estate License ID: 3534224
    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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