2531 Pierce Street Hollywood, FL $ 697,500
2531 Pierce Street
$ 697,500
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2531 Pierce Street

Hollywood, FL, 33020
$ 697,500
Baths0.0

Monthly Estimate*

$ 4,295

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Studio

Lots and Land for sale in Hollywood, FL

for $697,500. The lot size is 0.35.

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

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Lots and Land Active

Price

$ 697,500

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 9,666

Style

Lot Size

0.35

Town/City

Hollywood

County/Region

Broward

MLS | Web ID

B26036934

Features
General
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
Legal Description HOLLYWOOD LITTLE RANCHES 1-26 B LOT 13 E3/4 BLK 14
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Interior
Total Baths 0
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Exterior
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
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* Excluded Features
List By
Michael J Sheer

Listing Agent

Affordability Calculator

$5,100
Per Month
84%
16%
0%
Monthly Principal & Interest
$4,295
Monthly Property Taxes
$806
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4658264 Elementary School
4205654 Middle School
South Broward High School High School
Pricing History
DatePricePrice ChangeDescription
6/4/2026$697,500 Listed Price

Map


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2531 Pierce Street, Hollywood, FL, 33020 is a Lots and Land for sale at $697,500 with a lot size of 0.35. 2531 Pierce Street is a studio with 0.0 baths. The property's zip code is 33020 which is in Hollywood, FL