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2060 NE 1st Street 1-8, 10-20, Deerfield Beach, FL

$16,500,000
Property Type: Commercial Sale Square Footage: 9,589 Status: Active
Current Price: $16,500,000 List Date: 8/23/2026 Last Modified: 10/29/2026

Description

Make $848,750+/year on these existing Remodeled "19 OCEANFRONT VACATION RENTALS/CONDOS" or you can Build a 5 Story "OCEANFRONT 26 UNITS LUXURY HOTEL with 60,000 SQUARE FEET" overlooking Boca Raton & Deerfield Beach Pier!!! You can even build Luxury Condominiums! There is no other Oceanfront property in Deerfield Beach this Big & just feet from the Beach, Deerfield Beach Pier, JB's on the Beach, & the Deerfield Beach Boardwalk. Located next door to the "WYNDHAM HOTEL & ROYAL BLUES HOTEL RELAIS & CHATEAUX" where rooms rent for $600-$1,200/night! This Oceanfront property is half block from Boca Raton & down the street from the Rosewood Residences where condos sell from $6,000,000-$17,000,000+! This Oceanfront property is on a quiet street in front of the Ocean! ONCE IN A LIFETIME OPPORTUNITY

More Information MLS# B26067521

Contract Information

Comp Sale YN: No Negotiable Seller Concessions YN: No Listing Date: 2026-08-23 Status: Active Original List Price: 16500000 List Price: $16,500,000 Current Price: $16,500,000 Listing Service: Full Service

Location and Legal

County Or Parish: Broward Postal Code: 33441 Geographic Area: NBEA - North Broward Ocean To Intracoastal (3111-3121) Country: United States Street Number: 2060 Street Direction Prefix: NE Street Name: 1st Street Suffix: Street Unit Number: 1-8, 10-20 State Or Province: FL Area: 3111 Parcel Number: 484305bg0010through200excluding90 Zoning: Multi-Family

General Property Information

Number Of Buildings: 3 Number Of Units Total: 19 Accessibility Features YN: No Lot Size Area: 30000 Stories Total: 2 Stories: 2 Property Sub Type: Multi Family Building Area Main: 9589 Building Area Source: Public Records Year Built: 1961 Parking Total: 19 Lot Size Acres: 0.69

Office/Member Information

DXORIGMLSID: RML

Electric

Other: 1

Property Condition

Resale: 1

Special Listing Conditions

Standard: 1

Documents Available

Aerial Photo(s): 1

Meter Information

Separate Electric Meters YN: Yes Separate Gas Meters YN: No Separate Water Meters YN: No Number Of Separate Electric Meters: 19

Possession

Close Of Escrow: 1

Sewer

Public Sewer: 1

Utilities

Electricity Available: 1 Water Available: 1

Heating

Central Individual: 1 Window/Wall: 1

Construction Materials

CBS: 1

Listing Terms

Cash: 1 Conventional: 1

Roof

Tile: 1

Security Features

None: 1

Water Source

Public: 1

Income and Expenses

Gross Income: 848750 Real Estate Taxes: 83061.68 Maintenance Expense: 12000 Net Operating Income: 753688.32

Source Of Expenses

Pro Forma: 1

Cooling

Central Individual: 1 Wall/Window Unit(s): 1

Showing Requirements

24 Hour Notice: 1 Appointment Only: 1 Call Listing Agent: 1 Listing Agent Must Accompany: 1 Text Listing Agent: 1

Acreage Description

1/2 To Less Than 1 Acre Lot: 1 Less Than 1 Acre Lot: 1

Financial Information

Tax Annual Amount: 83061.68 Tax Year: 2025 Tax Legal Description: SEA ESTA CONDO UNITS 1-8 & 10-20 PER CDO BK/PG: 7640/800

Status Change Information

Major Change Timestamp: 2026-08-23T17:34:25Z Major Change Type: New Listing Status Change Date: 2026-08-23

Originating Details

Originating System Key: 20260823000018846318000000 Originating System ID: M00000170

Property Features

Documents Available: Aerial Photo(s) Electric: Other Heating: Central Individual; Window/Wall Possession: Close Of Escrow Property Condition: Resale Special Listing Conditions: Standard Source Of Expenses: Pro Forma Construction Materials: CBS Cooling: Central Individual; Wall/Window Unit(s) Listing Terms: Cash; Conventional Roof: Tile Security Features: None Sewer: Public Sewer Utilities: Electricity Available; Water Available Water Source: Public Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent; Listing Agent Must Accompany; Text Listing Agent Acreage Description: 1/2 To Less Than 1 Acre Lot; Less Than 1 Acre Lot
Listing Office: LoKation
Last Updated: October - 29 - 2026
2060 NE 1st Street 1-8, 10-20, Deerfield Beach, FL- MLS# B26067521
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
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