Hollywood, FL Homes for Sale between $600,000 to $800,000

Hollywood, FL Homes for Sale between $600,000 to $800,000

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Hollywood, FL Homes for Sale Between $600,000 to $800,000

$679,850
B26036934 MLS 33020 Zip Code
Rare opportunity to acquire an income producing 3/2 home (w/in-law suite) & additional development capacity, walking distance from schools, library, parks & Downtown Hollywood, at over 20% below market value. Lots of new development nearby. Investors & developers have increasingly turned their attention to this area, recognizing its long term potential. This property should not be viewed solely as a single family home or solely as a land play; the true value is in both. The existing 3 bedroom 2 bathroom home can remain in place and continue generating income while 8 additional units are developed on the same lot, for a total of 9 units, without tearing down the current structure. All of the additional 8 units can be ~760 square foot 2 bedroom apartments. The included site plan shows viable layout, parking & access. A formal Pre-Application Consultation (PAC) meeting with the city has been held; representatives from every relevant discipline were present (planning, zoning, engineering, landscape, fire, etc) and they confirmed the site plan is feasible & compliant with current zoning & regulations. Sold land comps: $50k per (mostly 1 bedroom) unit. Active land comps: $58k-$101k per (mostly 1 bedroom) unit. Two bedroom units generally rent for around 30% more than one bedroom units; land buildable for two bedroom units is generally valued around 30% more than land buildable for one bedroom units. 3/2 house comps: $499k-$679k active, $410k-$580k sold. Subject property is a 3/2 house + 8 (2 bedroom) units of buildable land; market value ~$900k. 2 bed rents:$1.8k-$2.5k/mo. 3 bed rents:$3k-$3.8k/mo. Build cost:~$1.3M-$1.5M. All in:~$2M. Projected value:$3M+ = ~$1M instant equity. Potential ~10% cap. Seller will finance. Property is in a Qualified Opportunity Zone, which offers the potential for major tax benefits including deferring taxes, reducing capital gains taxes, and potentially paying no tax at all on the profit when you sell the property; consult tax professional for details and eligibility. See photos & attachments for details on location, plans, and comps. Call listing agent for more information.

2531 Pierce Street, Hollywood

$679,850
B26036914 MLS 33020 Zip Code
Rare opportunity to acquire an income producing 3/2 home (w/in-law suite) & additional development capacity, walking distance from schools, library, parks & Downtown Hollywood, at over 20% below market value. Lots of new development nearby. Investors & developers have increasingly turned their attention to this area, recognizing its long term potential. This property should not be viewed solely as a single family home or solely as a land play; the true value is in both. The existing 3 bedroom 2 bathroom home can remain in place and continue generating income while 8 additional units are developed on the same lot, for a total of 9 units, without tearing down the current structure. All of the additional 8 units can be ~760 square foot 2 bedroom apartments. The included site plan shows viable layout, parking & access. A formal Pre-Application Consultation (PAC) meeting with the city has been held; representatives from every relevant discipline were present (planning, zoning, engineering, landscape, fire, etc) and they confirmed the site plan is feasible & compliant with current zoning & regulations. Sold land comps: $50k per (mostly 1 bedroom) unit. Active land comps: $58k-$101k per (mostly 1 bedroom) unit. Two bedroom units generally rent for around 30% more than one bedroom units; land buildable for two bedroom units is generally valued around 30% more than land buildable for one bedroom units. 3/2 house comps: $499k-$679k active, $410k-$580k sold. Subject property is a 3/2 house + 8 (2 bedroom) units of buildable land; market value ~$900k. 2 bed rents:$1.8k-$2.5k/mo. 3 bed rents:$3k-$3.8k/mo. Build cost:~$1.3M-$1.5M. All in:~$2M. Projected value:$3M+ = ~$1M instant equity. Potential ~10% cap. Seller will finance. Property is in a Qualified Opportunity Zone, which offers the potential for major tax benefits including deferring taxes, reducing capital gains taxes, and potentially paying no tax at all on the profit when you sell the property; consult tax professional for details and eligibility. See photos & attachments for details on location, plans, and comps. Call listing agent for more information.

2531 Pierce Street, Hollywood

$631,000
4 Beds 3 Baths A12028302 MLS 33024 Zip Code Cascada Isles BLDG.
Beautiful waterfront townhouse located in the highly desirable Cascada Isles at Monterra in Cooper City, one of Broward County's most sought-after communities, known for its top-rated schools and exceptional family-friendly lifestyle. Built in 2013, this rare 4-bedroom, 2.5-bath residence offers a bright, open-concept floor plan with soaring ceilings, abundant natural light, and picturesque lake views throughout. The spacious kitchen features granite countertops, ample cabinetry, and a functional center island that seamlessly opens to the living and dining areas, making it ideal for both everyday living and entertaining. Large windows showcase tranquil water views, creating a peaceful and inviting atmosphere. The primary suite serves as a private retreat with generous closet space, an en-suite bath, and beautiful waterfront views. Enjoy indoor-outdoor living from the gated porch overlooking the lake, perfect for morning coffee, family gatherings, or relaxing at the end of the day. This home is also uniquely distinguished as the only property in the community with a paved walkway leading to the water, adding both convenience and curb appeal. Additional features include a two-car garage, driveway parking, and ample guest parking. Ideally located near parks, shopping, dining, and major highways, and zoned for highly regarded Cooper City schools, this move-in-ready waterfront home is perfect for families, first-time buyers, or investors! $500 HOA transfer fee, $675 Capital contribution to HOA

3057 Tortola Way, Hollywood

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