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1111 Hillsboro Mile

Dennis Alter Sells Hillsboro Beach Mansion At 1111 Hillsboro Mile For $27.1M
SOLDSingle Family

Dennis Alter Sells Hillsboro Beach Mansion At 1111 Hillsboro Mile For $27.1M

1111 Hillsboro Mile

$27,100,000

$2,749/SF

Building Size

9,855 SF

Asset Type

Single Family

Closing

Aug 18, 2025

AI

The property involved in the transaction is a single-family home located at 1111 Hillsboro Mile in Hillsboro Beach. It was sold for $27,100,000, with a total area of 9,855 square feet, translating to a price per square foot of $2,750.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $27,100,000
  • Address: 1111 Hillsboro Mile
  • Market: Hillsboro Beach
  • Square Footage: 9,855
  • Price per Square Foot: $2,750
  • Seller: Dennis Alter
  • Buyer's Representative: Gerard Liguori - Premier Estate Properties
  • Seller's Representatives: Nicole Chambless & Brandon Sargent - United Realty Group

Ex-Advanta CEO Dennis Alter was the seller of the property. The deal was facilitated by Gerard Liguori, who listed the property, while the buyer was brought in by Nicole Chambless and Brandon Sargent of United Realty Group. The buyer remains undisclosed and is from out of state.

Players

Gerard Liguori

Premier Estate Properties

Broker

$193.3M

vol

10 deals

Broker

Hillsboro Beach Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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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