HOMES BY DARCI
Southern Key Realty
2531 Pierce Street Hollywood FL 33020
Address
2531 Pierce Street, Hollywood, FL
Price
$ 697,500
Property Attributes
- MLS#B26036934
- TypeLand
- Listing Status Active
- CountyBroward
- CityHollywood
- Area3050
- NeighborhoodHOLLYWOOD LITTLE RANCHES
- Zip33020
- Style
- Taxes$ 9666
- Price$ 697,500
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.35 Acres
Data Source:
Beaches MLS (FL)
Property Description
Rare opportunity to acquire income producing 3/2 home w/in-law suite & additional development capacity, walking distance from library, parks & Downtown Hollywood, at over 20% below market value. Keep the existing home & add 8 (2 bedroom) units for 9 units total. Included site plan shows layout, parking & access. Meeting with city has been held; feasibility & zoning compliance confirmed. Land comps:$50k per (mostly 1 bed) unit sold, $58k-$101k per (mostly 1 bed) unit active. 3/2 house comps:$499k-$679k active, $410k-$580k sold. Subject property: 3/2 house + 8 (2 bedroom) units buildable land; market value ~$900k. 2 bed rents:$1.8k-$2.5k/mo. 3 bed rents:$3k-$3.8k/mo. Build cost:~$1.5M. All in:~$2.2M Projected value:$3M+ = ~$1M equity. Potential ~10% cap. Opportunity zone. Seller will finance
| Elementary School | Middle School | High School |
|---|---|---|
| Oakridge Elementary School | Olsen Middle School | South Broward High School |
| Price History | |
|---|---|
| 6/4/2026 | Listed $697,500 |
General Features
| Sewer | PublicSewer,PrivateSewer,SepticTank |
|---|---|
| Utilities | CableConnected,ElectricityConnected,Other,PhoneConnected,SewerConnected,WaterConnected |
| Possession | Negotiable |
| Development Status | Other,Proposed |
| Property Subtype | UnimprovedLand |
| Tax Year | 2025 |
| Current Use | Development,MultiFamily,SingleFamily |
| Gross Income | 37344 |
| County | Broward |
| Net Operating Income | 20131 |
| Insurance Expense | 3226 |
| Property Type | Land |
| Association Amenities | Parking |
| Subdivision Name | HOLLYWOOD LITTLE RANCHES |
| Facing Direction | South |
| Possible Use | MultiFamily,SingleFamily |
| Status | Active |
| High School | South Broward |
| City | Hollywood |
| Disclosures | OwnerIsListingAgent |
| MLS Area | 3050 |
| Lot Size Square Feet | 15393 |
| Elementary School | Oakridge |
| Tax Annual Amount | 9666.78 |
| Middle/Junior High School | Olsen |
| Additional Parcels Y/N | false |
| Virtual Tour | https://www.propertypanorama.com/2531-Pierce-Street-Hollywood-FL-33020--B26036934/unbranded |
| Standard Status | Active |
| Property Sub Type Additional | UnimprovedLand |
| PostalCity | Hollywood |
| Legal Description | HOLLYWOOD LITTLE RANCHES 1-26 B LOT 13 E3/4 BLK 14 |
Exterior Features
| Lot Features | OversizedLot,QuarterToHalfAcreLot |
|---|---|
| Water Source | Public |
| Lot Dimensions | 75 feet x 206 feet |
| Lot Size Acres | 0.35 |
| Road Surface Type | Asphalt,Paved |
| Waterfront Y/N | false |
| Road Frontage Type | CityStreet |
| Road Responsibility | PublicMaintainedRoad |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Land Average in 33020
Price
Taxes
The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the multiple listing service (MLS) in which this real estate firm (Broker) participates. The data is provided exclusively for the user's personal non-commercial use, and may not be used for any purpose other than to identify properties that the user may be interested in purchasing or leasing. The properties displayed may not be all of the properties in the MLS's database, or all
These listings are provided by the IDX Program of Brevard County, Florida. Real Estate listings held by brokerage firms other than Southern Key Realty are marked with the IDX Logo and detailed information about them includes the name of the listing brokers. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not
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