Wilson Terra Firma buys oceanfront Hillsboro Beach mansion for $19M
13K sf home is under construction, expected to be completed later this year or early next year
An affiliate of a Canadian commercial real estate firm bought an under-construction oceanfront Hillsboro Beach mansion for $19.2 million.
Records show Wilson Terra Firma LP bought the house at 999 Hillsboro Mile from a Florida LLC named for the address, managed by Fort Lauderdale resident Andreas Schuermann.
Heather Lefka of Florida Luxurious Properties had the listing, and Marco Terminesi of Re/Max Properties brought the buyer.
The buying entity is an affiliate of Wilson Terra Firma Holdings, a Canadian commercial real estate firm based in Toronto. Wilson Terra Firma Holdings, along with Wilson’s Truck Lines Limited, Boulder City Disposal Nevada, Sierra Waste Arizona, DeerFields Health & Wellness Clinic and Non-Stop Logistics 4PL belong to the Wilson Asset Group of Companies, led by CEO James Wilson, LinkedIn shows.
Schuermann bought the 0.7-acre Hillsboro Beach property as a vacant lot for $6.3 million in 2018, records show. The listing shows the finished home will span nearly 13,000 square feet, with six bedrooms, seven bathrooms, and two half-bathrooms. The property stretches from the oceanfront to the Intracoastal Waterway, and includes a deepwater dock. Construction is expected to be completed at the end of this year or beginning of next year, according to the listing.
Hillsboro Beach’s Hillsboro Mile luxury homes have long attracted big name buyers. The founder of New York-based telecom company Simple Networks bought an oceanfront compound for $23 million in March 2021. That same month, a film producer and financier bought a teardown on Hillsboro Mile for $10.8 million. And in February 2021, a tax consultant sold his newly built mansion for $20 million.