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
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