Updated Dec 4, 2024
Michael Henning Tuchen Sells Hillsboro Beach Mansion For $18.4M
973 Hillsboro Mile
$18,400,000
$1,696/SF
Building Size
10,846 SF
Asset Type
Single Family
Closing
Mar 29, 2024
About this deal
AI
A pink-toned mansion in Hillsboro Beach, with oceanfront living and a 70-foot dock on the Intracoastal Waterway, spanning over half an acre, has been sold for $18.4 million. The property features five bedrooms, a pool, and leisure amenities, totaling 10,846 square feet. The transaction took place at 973 Hillsboro Mile in Hillsboro Beach.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $18,400,000
- Market: Hillsboro Beach
- Address: 973 Hillsboro Mile
- Square Footage: 10,846
- Price per Square Foot: $1,696
- Seller: Michael Henning Tuchen
- Buyer's Rep: Svetlana Izgarsheva - Miami Vip Realty
- Seller's Rep: Chad Carroll - Compass
The seller, Michael Henning Tuchen, the CEO of Onfido, relocated to California after the sale. The property was listed by Chad Carroll of the Carroll Group at Compass for $21.7 million, eventually closing at $18.4 million. The beautiful mansion provides a luxurious lifestyle with its oceanfront location and premium amenities.
Players
Hillsboro Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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About $1.7K per square foot on a published $18.4M for 10,846 square feet (2024).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93