ASSETRAReal World Assets
LOCATING
GROUND-UP DEVELOPMENT · FL

1105 Hillsboro Mile

Gallery6 photos
Strategy

Build-to-sell, capital back at exit

Hillsboro Mile legacy estate land, ocean-to-Intracoastal with roughly 340ft frontage on each side.

Thesis

Build-and-sell development strategy on a legacy ocean-to-Intracoastal estate parcel at 1105 Hillsboro Mile in Pompano Beach, Florida. The site spans from the Atlantic Ocean to the Intracoastal Waterway with approximately 340 feet of frontage on each side, a double-frontage configuration that is materially scarce along this stretch of Hillsboro Mile. The parcel is currently off-market with a prior list price reference of 17 million dollars; present asking is to be determined through negotiated engagement. The strategy is vertical construction of a new estate-scale residence, potentially with separate ocean and Intracoastal components, followed by disposition on completion. Delivered inventory on Hillsboro Mile with comparable dual-frontage has historically cleared at pricing supported by the unique geometry of the parcel and the stretch's standing as one of the most supply-constrained coastal corridors in South Florida. Hold duration is expected to span design, permitting including any coastal construction line work, hard construction, and a marketing window commensurate with the estate scale. Capital deployment covers design, permitting, site preparation, hard construction sized to the program, finish specification, marine programming on both frontages, and carry through listing. Returns are targeted from the spread between all-in delivered cost and new-construction resale into a narrow but deep buyer pool for dual-frontage estates on Hillsboro Mile.

Specifications
Address
1105 Hillsboro Mile
City
Pompano Beach, FL
ZIP
33062
Beds
Baths
Living sqft
Lot sqft
Year built
Waterfront
OCEAN
Features
  • 340ft ocean
  • 340ft Intracoastal
  • Ocean-to-ICW
Project economics

Real cost waterfall from sponsor proforma — 24-month build cycle, ground-up basis. Lines below are project cash expenses through completion and disposition, including property tax during the hold period.

Lot acquisition
$17,000,000
Closing fees
$92,000
Soft cost (design + survey)
$435,000
Permits + impact fees
$80,000
Hard cost basis
$5,770,000

Vertical construction budget at $450/sqft across 12,000 sqft.

Exterior + finish extras
$120,000

Project-specific upgrades such as pool, landscape, driveway, lighting and closet packages where applicable.

Hard cost total
$5,890,000
Property tax during construction (24 mo)
$629,000
Insurance
$30,000
Construction interest (10% × 24 mo)
$2,277,000
Sale + realtor fees (5% of exit)
$2,220,659
Total expenses
$28,653,659
Downside exit
$34,957,46422% ROI
Upside exit
$44,413,17155% ROI

Source: sponsor proforma · figures are forward-looking estimates · not a guarantee of return

ASSETRAReal World Assets

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