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For Sale: Premier 2-Acre Ocean Front & Intracoastal Front Development Site in Hillsboro Beach - #1
For Sale: Premier 2-Acre Ocean Front & Intracoastal Front Development Site in Hillsboro Beach - #2
For Sale: Premier 2-Acre Ocean Front & Intracoastal Front Development Site in Hillsboro Beach - #3
For Sale: Premier 2-Acre Ocean Front & Intracoastal Front Development Site in Hillsboro Beach - #4

For Sale

$16,000,000 USD

Colliers, as exclusive listing broker, is pleased to present the opportunity to acquire the Oceanside Hillsboro Development Site, a premier waterfront development opportunity located at 1205-1206 N Riverside Drive in the center of Hillsboro Beach. The site is strategically located directly on Hillsboro Mile (A1A) and has 100 linear feet of water frontage on both the ocean side as well as the intracoastal waterway, a rare feature for development sites in South Florida. The property is comprised of two (2) parcels totaling 2 acres. The west parcel on the intracoastal is currently a cleared vacant piece of land while the east parcel on the ocean has a 4-story residential building that is currently vacant. 

The Oceanside Hillsboro Development Site offers developers a unique opportunity to acquire two acres of waterfront land in one of the most luxurious and high barrier to entry markets in South Florida. The property is currently zoned RM-16, Multiple Family Dwelling Residential District, allowing for a variety of residential uses including condominium development and accessory uses inducing docks and piers. The current density of the site is 16 residential units per acre, allowing for the development of 32 residential units. The maximum building height under the zoning is 35 feet, or 3 stories. The Hillsboro Beach market is a high barrier to entry market with very little available development sites and new construction projects.