Craig M. Zinn Purchases Ocean-to-Intracoastal Mansion From Paul And Carol Cutler For $26.8M
1011 Hillsboro Mile
$26,799,000
$2,535/SF
Building Size
10,569 SF
Asset Type
Single Family
Closing
Dec 31, 2025
AI
A 10,569-square-foot single-family home is situated on a 0.75-acre lot at 1011 Hillsboro Mile in Hillsboro Beach. The property was sold for $26,799,000, translating to approximately $2,536 per square foot. This marks the first sale of the ocean-to-Intracoastal mansion.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $26,799,000
- Address: 1011 Hillsboro Mile
- Market: Hillsboro Beach
- Square Footage: 10,569
- Acres: 0.75
- Price Per Square Foot: $2,536
- Buyer: Craig M. Zinn
- Seller: Paul Cutler & Carol Cutler
- Buyer's Representative: Mark Rothenberg - Ellemar Enterprises
- Seller's Representative: Sandra Tagliamonte - One Sotheby's International Realty
- Mortgage: $21.44 million from Toyota Financial Savings Bank
This transaction involved auto dealer Craig M. Zinn acquiring the property, with representatives Mark Rothenberg and Sandra Tagliamonte facilitating the deal for the buyer and seller, respectively. The significant mortgage associated with the purchase reflects the scale of the transaction.
Players
Hillsboro Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93