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$29,000,000

For Sale - Active
1011 Hillsboro Mile, Hillsboro Beach, FL 33062
7 Beds
11 Baths
10,569 Square Feet
0.75 Acres Lot
Built in 2013
For Sale - Active
Units n/a
Checked: 5 hours ago
Updated: Apr 23, 2025 at 05:35PM

Investment Summary


Monthly Cash Flow
-$163,102
Cap Rate
-0.5%
Cash-on-Cash Return
-29.3%
Debt Coverage Ratio
-0.07
Internal Rate of Return (5 years)
-24.3%

Property Description


0.75 Acres Lot
Built in 2013
For Sale - Active
Units n/a

Located on the prestigious Hillsboro Mile, this home is situated on 220 total feet of intracoastal and oceanfront. This exquisitely built transitional home has 7 bedrooms and 9.2 baths with breathtaking views from every part of the home. Enjoy resort-style living with private salt water pool and spa, outdoor kitchen, exercise room, media room and wine room. This Estate is on over 32585 Sq ft. has a gated entry to the property and a 5 car garage. Incredible sunrises and sunsets you will never want to leave this tropical paradise.

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Location


Property Details


Parking

  • Description: Attached, CircularDriveway, Garage, Other, PaverBlock
  • Details: Attached, Circular Driveway, Garage, Other, Paver Block
  • Garage Spaces: 5
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 7

Bathroom Information

  • # of Baths (Full): 9
  • # of Baths (Partial): 2
  • # of Baths (Total): 11.0

Interior Features

  • # of Stories: 3

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Type: Gable or Hip
  • Roof Material: Barrel

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 484320000030
  • Lot Size: 32585 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2013

Tax Information

  • Annual Tax: $188,661

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Central Air, Ceiling Fan(s)

Location

  • County: Broward

Listing Details


Listed by:
Sandra Tagliamonte
One Sotheby's Int'l Realty
(954) 818-4219

Source:
BeachesMLS
MLS#: F10487825
BeachesMLS

Investment Summary


Monthly Cash Flow
-$163,102
Cap Rate
-0.5%
Cash-on-Cash Return
-29.3%
Debt Coverage Ratio
-0.07
Internal Rate of Return (5 years)
-24.3%

Purchase Details

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Purchase price:
$29,000,000
Amount financed:
-$23,200,000
Down payment:
$5,800,000
Closing costs:
$870,000
Rehab costs:
$0
Initial cash invested:
$6,670,000
Square feet:
10,569
Cost per square foot:
$2,744
Monthly rent per square foot:
$0.62

Financing Details

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Loan amount:
$23,200,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$151,865
Property tax:
$15,722
Insurance:
$455
Private mortgage insurance (PMI):
$0
Monthly payment:
$168,042

Operating Income

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% Rent Monthly Yearly
Gross rent:
$6,500 $78,000
Vacancy loss: (6%)
6% -$390 -$4,680
Operating income:
$6,110 $73,320

Operating Expenses


% Rent Monthly Yearly
Property taxes: (242%)
242%-$15,722-$188,661
Insurance: (7%)
7%-$455-$5,460
Property management: (8%)
8%-$520-$6,240
Repairs & maintenance: (5%)
5%-$325-$3,900
Capital expenditures: (5%)
5%-$325-$3,900
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (267%)
267%-$17,347-$208,161

Cash Flow


Monthly Yearly
Net operating income:
-$11,237 -$134,844
Mortgage payments:
-$151,865 -$1,822,380
Cash flow:
$163,102 $1,957,224