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    1187 Hillsboro Mile Hillsboro Beach, FL 33062

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    Claim this Listing
    For Sale
    $685,000

    MULTI_FAMILY - Hillsboro Beach, FL

    Property size:
    923 SF
    Added:
    Feb 20, 2026
    Days on Market:
    57
    Last Refresh:
    Apr 18 at 2:06 pm

    Property Features for 1187 Hillsboro Mile

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Flood zone
    Bedrooms
    2
    Bathrooms
    2
    Rooms
    Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 1
    Parking
    1
    Parking features
    Assigned, Guest
    Security features
    Security System
    Window features
    Plantation Shutters
    Patio and Porch features
    Patio, Deck
    Interior features
    Walk-In Closet(s)
    Appliances
    Water Softener Owned, Water Purifier Owned, Dishwasher, Electric Range, Microwave, Refrigerator, Washer, Water Heater Owned
    Standard status
    Active
    APN
    484308nt0060
    Size
    923 SF

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    VIRGINIA KAYE CO-OP UNIT 9E
    Tax Annual Amount
    8846
    Expense value
    150
    Expense
    Application Fee
    Expense freq.
    One Time

    Utilities

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

    Building Details

    Year built
    1950
    Floors in Building
    2
    Flooring type
    Tile
    Building materials
    Block
    Roof type
    Flat

    We can help!

    Listing Contact
    Lynn Mcneil

    Listing agent Lynn Mcneil License #3440261

    Listing office Compass Florida, LLC 1200 E Las Olas Blvd Ste 102, Miami Beach, FL

    Listing date Feb 20, 2026

    MLS# F10554033 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

    Hillsboro Beach Waterfront Residence

    This refined two-bedroom, two-bath residence at Virginia Kaye offers a dual-waterfront lifestyle. Located along the "Magnificent Mile," the property provides private beach access and views over the Intracoastal. The interior features a beachy-chic design with clean, tailored finishes. Impact windows frame the views, enhanced by plantation shutters. Crown molding adds architectural detail. The residence includes central AC and a recently replaced exterior clear-coated AC. The property is located in Hillsboro Beach, Florida, within Broward County, and has a property size of 923 square feet. The property is located in a flood zone.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential income properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare 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
    -80.0792031
    Latitude
    26.2979969

    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
    • $310,000
      850 SF

      Oceanfront Condo in Hillsboro Beach

      Turnkey 1BR/1BA condo with ocean and intracoastal views.
      1043 Hillsboro Mile Hillsboro Mile, Hillsboro Beach, FL 33062
      View Details

    FAQs

    What type of property is this?
    Residential income property - Refined two-bedroom residence with dual-waterfront lifestyle.
    Where is this residential income property located?
    The property is located at 1187 Hillsboro Mile Hillsboro Beach, FL.
    What is the asking price?
    The asking price for this property is $685,000.
    What are key features of this property?
    This property features: **Dual‑waterfront property offering both Atlantic Ocean and Intracoastal views.**; Enjoy **private beach access**.; Impact windows with new plantation shutters.
    (954) 881-2855
    We can help!
    Listing Contact
    Lynn Mcneil
    Real Estate License ID: 3440261
    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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