Updated May 12, 2025
Mike Manley Of AutoNation Acquires Single Family Home In Hillsboro Beach For $14.45M
955 Hillsboro Mile
$14,447,500
$1,618/SF
Building Size
8,928 SF
Asset Type
Single Family
Closing
Apr 8, 2025
About this deal
AI
The property asset involved in this transaction is a single-family home located at 955 Hillsboro Mile in Hillsboro Beach. The sale price for the property was $14,447,500, with a total square footage of 8,928 and a price per square foot of $1,618. The asset encompasses 0.45 acres and features five bedrooms.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $14,447,500
- Address: 955 Hillsboro Mile
- Market: Hillsboro Beach
- Acres: 0.45
- Square Footage: 8,928
- Price Per Square Foot: $1,618
- Buyer: Mike Manley - AutoNation
- Seller: Suellen Brown
- Buyer's Representative: Joseph Beltrand - Coldwell Banker
- Seller's Representative: Heather Lefka - Florida Luxurious Properties
Mike Manley, serving as the CEO of AutoNation, was the buyer in this transaction, while Suellen Brown acted as the seller. The deal involved broker representations, with Joseph Beltrand representing the buyer and Heather Lefka representing the seller, further facilitating the sale process.
On the Map
$14,447,500
$1,618/SF
Single Family
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Players
Hillsboro Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $1.6K per square foot on a published $14.4M for 8,928 square feet (2025).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.10%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93