Located on beautiful Hillsboro Mile in Hillsboro Beach, Florida at 900 Hillsboro Mile, these Bank Owned Foreclosures were just listed for sale and I previewed them yesterday for Buyers I'm working with who are interested in this type of property. I was excited about viewing them because I'm familiar with the location and know it's great!
The properties are 3 Mediterranean Style Luxury Townhouses located directly on the Intracoastal Waterway, across from the Atlantic Ocean and right past the Intracoastal Bridge on the Hillsboro Mile when heading East. Hillsboro Club, an Oceanfront Members Only Club is located across the Street from the Townhouses, 900 Hillsboro Mile.
Hillsboro Beach is conveniently close to Ft. Lauderdale, located 15 minutes North of Ft. Lauderdale.
900 Hillsboro Mile (the address and name of the Complex) includes a total of four 3-Story Townhouses that were built in 2006. Only 1 of the Townhouses was purchased after Construction, Townhouse #1, which was purchased for $2,100,000 in 2007. Of the 4 Townhouses, #1 has the largest exterior and interior size. Townhouses 2, 3, and 4 are the ones that are listed for Sale and they have never been lived in.
There are beautiful, expansive views of the Intracoastal Waterway from several Rooms inside of the Townhouses and Atlantic Ocean views from the Rooftop.
The Townhouse features include:
- Beautiful Intracoastal views from the Master Bedroom, which includes a Balcony overlooking the Intracoastal (I viewed all 3 Units and Unit #3 has the largest Master Bedroom and the best Water views)
- 2 Walk-in Closets in the Master Bedroom
- Roman Tubs and Dual Vanities
- 3 Balconies on the back and side of each Townhouse and 2 on the Front
- 2-Car Garage for each Townhouse
- Key coded Gated Entry
- Saturnia Marble Floors
- Very spacious Living Room with beautiful Water views
- Laundry Room
- Spacious Entertainment Room and Wet Bar on the 1st Level (see pics of the Entertainment Rooms from 2 of the Townhouses)
- Stairs and Elevators
- 2 Water Heaters
- 3 A/C Zones
- Central Vacuum system
- Subzero Refrigerators (2 of the Townhouses have 2 Refrigerators in the Kitchen and 1 has 1 Refrigerator)
- Granite Counter Tops in the Kitchen
- Crown Molding
- Tray Ceilings
The 3 Townhouses range in size from 3,984 square feet - 4,907 square feet. There are 3-4 Bedrooms and 3-4 Baths. Each Residence has a different Floor Plan and different features throughout. Their price range is $1,200,000 - $1,450,000, which are prices that are below current market value for similar properties (there are Townhouses on Ocean access Canals that are currently selling for these prices). The properties that are in closest proximity to 900 Hillsboro Mile are Single Family Oceanfront Homes. The ONLY Single Family Homes in Hillsboro Beach are Oceanfront Homes and their average price range is $6,000,000 - $40,000,000 (the lowest priced Homes are sold primarily for Land Value).
NOTE: There is a Dock at 900 Hillsboro Mile that's currently used by the Owners of Townhouse #1. When I spoke with the Listing Agent of 900 Hillsboro Mile, I was told that there is currently Litigation in progress regarding Ownership and usage of the Dock, so the future Ownership and availability of Dockage for everyone is undecided at this point.
Dockage or not, these properties still present an amazing Buying opportunity in the current market. These Townhouses are the types of half price listings that many say they're waiting and looking for and opportunities like this are rare in our Luxury, Waterfront market. Because there's such a small inventory of deeply discounted, NON-CONDO luxury Waterfront properties OF NEW CONSTRUCTION, competition is fierce and these types of listings usually receive multiple offers and sell very quickly.
I included pictures that I shot inside of the Townhouses, from the Balconies, and the Bridge. If you would like to schedule a viewing or would like additional details, contact me.
- Luxury Condos and Townhouses Sold in Broward County in 2009
- Pompano Beach Waterfront Foreclosure (Bank Owned) with Dockage
- Hillsboro Beach Waterfront Condos