The Real Deal Miami

Hillsboro Mile mansion sells for $15M

Kishore Mirchandani and his wife paid more than $1,000 psf for the waterfront property
By Keith Larsen | July 03, 2018 03:41PM

995 Hillsboro Mile

A Hillsboro Mile mansion just sold for $14.9 million after being on the market for only a week.

Kishore Mirchandani and his wife, Anjali, purchased the 13,914 square foot house at 995 Hillsboro Mile for $1,074 per square foot, according to property records.

A company tied to Sharon Gustafson, who bought the home in 2008 for $13.5 million, sold the waterfront property to the Mirchandanis.

Susan Rindley of One Sotheby’s International Realty represented the seller. Chad Whitaker of Whitaker Realty brought the buyers, according to Redfin.

The seven-bedroom home sits on a 1.18-acre lot overlooking the ocean and the Intracoastal Waterway and features a home theater, tennis court, a 10-car garage, library, a billiards room, a wine room, two elevators, and a summer kitchen with a pool and spa. It also can fit a yacht of up to 175 feet long.

Hillsboro Beach is known for its stretch of exclusive, pricey homes on Hillsboro Mile. Last year, Patrón Spirits Company CEO Edward Brown paid $20 million for a spec home at 1115 Hillsboro Mile.  Le Palais Royal, a 91,000-square-foot mansion in Hillsboro, was at one point listed for $195 million, but was taken off the market in recent months.