HOMES BY DARCI
Southern Key Realty
2243 Polk Street Hollywood FL 33020
Views
Address
2243 Polk Street, Hollywood, FL
Price
$ 3,600,000
Property Attributes
- MLS#B26035431
- TypeLand
- Listing Status Active
- CountyBroward
- CityHollywood
- Area3050
- NeighborhoodHOLLYWOOD LITTLE RANCHES
- Zip33020
- Style
- Taxes$ 39086
- Price$ 3,600,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.92 Acres
Data Source:
Beaches MLS (FL)
Property Description
REDEVELOPMENT OPPORTUNITY WITH OWNER FINANCING | 40,200 SF, three parcel assemblage containing a 10plex, a 3plex and a single family home. It is estimated that the sites highest and best use is a 90 residential development in close proximity to the urban redevelopment core of downtown Hollywood. For qualified purchasers, the seller will consider providing a purchase money mortgage with a below market interest rate with a 40% down payment. Hollywood's Urban Renaissance: Why the Downtown Core Is Emerging as One of Broward County's Most Compelling Redevelopment Stories For decades, Downtown Hollywood was overshadowed by Hollywood Beach to the east and the major employment centers of Fort Lauderdale and Miami. Today, that dynamic is changing rapidly. The city has quietly become one of Sout REDEVELOPMENT OPPORTUNITY WITH OWNER FINANCING | 40,200 SF, three parcel assemblage containing a 10plex, a 3plex and a single family home. It is estimated that the sites highest and best use is a 90 residential development in close proximity to the urban redevelopment core of downtown Hollywood. For qualified purchasers, the seller will consider providing a purchase money mortgage with a below market interest rate with a 40% down payment. Hollywood's Urban Renaissance: Why the Downtown Core Is Emerging as One of Broward County's Most Compelling Redevelopment Stories For decades, Downtown Hollywood was overshadowed by Hollywood Beach to the east and the major employment centers of Fort Lauderdale and Miami. Today, that dynamic is changing rapidly. The city has quietly become one of South Florida's most active urban infill redevelopment markets, driven by public infrastructure investment, transit accessibility, favorable zoning, and a growing pipeline of mixed-use and multifamily projects. More than 3,500 residential units have been approved or are under construction in and around Downtown Hollywood and its major corridors, creating a critical mass that is reshaping the city's urban core. The subject property provides a $321,276 gross income and a $180,655 NOI. Positioned in the Path of South Broward's Urban Renaissance Downtown Hollywood has emerged as one of South Florida's most compelling redevelopment markets, offering a unique combination of favorable zoning, strong rental demand, and land values that remain attractive relative to more mature urban cores such as Brickell, Wynwood, Downtown Fort Lauderdale, and Flagler Village. Driven by a growing population of young professionals, healthcare workers, hospitality employees, airport-related businesses, and Miami commuters seeking affordability, the area continues to experience sustained multifamily demand. Combined with the walkability of Young Circle, ArtsPark, downtown dining and entertainment, and proximity to Hollywood Beach, the district offers the lifestyle amenities increasingly sought by today's renters. Equally significant is the ongoing transformation occurring immediately south along the Federal Highway corridor in Hallandale Beach. As new mixed-use, multifamily, hospitality, and commercial developments continue to reshape Hallandale's urban core, the redevelopment momentum between Downtown Hollywood and Aventura is creating a continuous South Broward growth corridor.
| Elementary School | Middle School | High School |
|---|---|---|
| Oakridge Elementary School | Olsen Middle School | South Broward High School |
| Price History | |
|---|---|
| 6/1/2026 | Listed $3,600,000 |
General Features
| Sewer | Septic Tank |
|---|---|
| Utilities | Cable Connected,Electricity Connected,Natural Gas Connected,Phone Connected,Water Connected |
| Possession | Close Of Escrow |
| Development Status | Raw Land |
| View | Garden |
| Property Subtype | Unimproved Land |
| Tax Year | 2025 |
| Current Use | Investment |
| Gross Income | 321276 |
| Community Features | Sidewalks |
| Additional Parcels Description | 514216 013450, 514216 013460, |
| County | Broward |
| Net Operating Income | 171328 |
| Property Type | Land |
| Subdivision Name | HOLLYWOOD LITTLE RANCHES |
| Facing Direction | South |
| Possible Use | Development,Multi-Family |
| Other Structures | Outbuilding,Shed(s),Storage |
| Status | Active |
| High School | South Broward |
| City | Hollywood |
| MLS Area | 3050 |
| Lot Size Square Feet | 40075.2 |
| Elementary School | Oakridge |
| Land Lease Y/N | false |
| Tax Annual Amount | 39086.93 |
| Middle/Junior High School | Olsen |
| Additional Parcels Y/N | true |
| Virtual Tour | https://www.propertypanorama.com/2243-Polk-Street-Hollywood-FL-33020/unbranded |
| Standard Status | Active |
| Property Sub Type Additional | Unimproved Land |
| PostalCity | Hollywood |
| Legal Description | HOLLYWOOD LITTLE RANCHES 1-26 B LOT 6 BLK 8 |
Exterior Features
| Vegetation | Other |
|---|---|
| Lot Features | Central Business District,City Lot |
| Water Source | Public |
| Lot Dimensions | 200 X 206 |
| Lot Size Acres | 0.92 |
| Road Surface Type | Asphalt |
| Waterfront Y/N | false |
| Road Frontage Type | City Street |
| Number of Lots | 3 |
| Road Responsibility | Public Maintained Road |
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
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