900 Hillsboro Mile| South Florida Waterfront Foreclosure in Hillsboro Beach near Fort Lauderdale

By
Real Estate Agent with ONE Sotheby's International Realty

 900 Hillsboro Mile

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.

Related Information: 

900 Hillsboro Mile

900 Hillsboro Mile

900 Hillsboro Mile

900 Hillsboro Mile

 

900 Hillsboro Mile

900 Hillsboro Mile

900 Hillsboro Mile

900 Hillsboro Mile

900 Hillsboro Mile

900 Hillsboro Mile

900 Hillsboro Mile

 

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Vickie Arcuri, Realtor®
EWM Realtors, Inc.
1700 E. Las Olas Blvd.
Ft. Lauderdale, FL  33301
Phone:  (954) 708-9309
Fax:  (954) 414-0492
Vickie@vickierealestate.com
Ft. Lauderdale Homes for Sale

 

 

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Rainmaker
121,655
Vickie Arcuri
ONE Sotheby's International Realty - Fort Lauderdale, FL
South Florida Luxury Real Estate

December 11, 2009 Update:  2 of the 3 Townhouses are under Contract for purchase.  View full details here.

Dec 11, 2009 05:36 AM #1
Rainmaker
121,655
Vickie Arcuri
ONE Sotheby's International Realty - Fort Lauderdale, FL
South Florida Luxury Real Estate

UPDATE:

All 3 Townhouses have been purchased. 

  • Units #3 and #4 were purchased on December 30, 2009 by 1 Buyer for a purchase price of $2,240,000 Cash (their total list price was $2,800,000)
  • Unit #2 was purchased on February 9, 2010 for a purchase price of $990,000 Cash (listed for $1,200,000)
Mar 06, 2010 08:42 AM #2
Anonymous
Theresa Gromann
Vickie. - I recently notified you about condos but we have decided to look for foreclosed Mediterranean style homes or townhomes on inter-coastal in south Florida. Up to 2,000,000. Pls keep me informed and call me to see similar listings. Thank you. Theresa
May 19, 2012 04:17 AM #3
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Rainmaker
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Vickie Arcuri

South Florida Luxury Real Estate
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