1231 Hillsboro Mile Hillsboro Beach, FL 33062
- Specialty properties
Current Use by Public Records
- Specialty properties
Property Details for 1231 Hillsboro Mile
- Year built
- 1957
- Property type
- Specialty properties
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hillsboro Beach
- County
- Broward
- State
- Florida
- Longitude
- -80.077
- Latitude
- 26.3044
