2040 Polk Street
Hollywood, FL, 33020
$
1,799,000
Baths0.0
Sq
2,357
Monthly Estimate*
$
11,359
Studio for $1,799,000. This 2,357 square foot home was built in 1945 on a lot size of 0.11.
Exceptional mixed-use redevelopment opportunity in the heart of Downtown Hollywood, Florida! Situated on a highly visible corner lot, this property is currently operating as a successful income-producing Airbnb and wellness spa, offering immediate cash flow while planning for future development. Zoned ND-3, this premier site allows for a wide variety of residential, commercial, office, hospitality, and mixed-use applications, with the potential to develop up to 10 stories. Located just steps from vibrant Hollywood Boulevard and surrounded by new development, restaurants, retail, entertainment, and luxury residential projects, this property sits in one of the fastest-growing and most dynamic corridors in Broward County. The area continues to experience significant investment and redevelopment, making this a rare opportunity for investors, developers, and owner-users alike. Ideal for a luxury residential tower, boutique mixed-use development, medical office, wellness center, law firm headquarters, professional office building, boutique hotel, or continued hospitality and spa operation. The corner location provides excellent visibility, accessibility, and long-term appreciation potential. Whether you're seeking an income-producing asset today or a strategic land acquisition for tomorrow's development, this property offers the flexibility, zoning, and location that sophisticated investors and developers are looking for. Some photos are virtual renderings.
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Features
General
Sewer
Public Sewer
Heating
Central
Cooling
Central Air
Utilities
Electricity Connected
Water Connected
Possession
Close Of Escrow
Roof
Shingle
Construction Materials
Brick
Block
Pets Allowed
No Pet Restrictions
Yes
Year Built
1945
Tenant Pays
None
Levels
One and One Half
Property Subtype
Duplex
Tax Year
2025
Accessibility
None
County
Broward
New Construction
false
Property Type
Residential Income
Association Amenities
Parking
Subdivision Name
Hollywood
Status
Active
High School
South Broward
City
Hollywood
Senior Community Y/N
false
Number Of Units Total
2
MLS Area
3050
Elementary School
Hollywood Central
Tax Annual Amount
14478.09
Middle/Junior High School
Olsen
Property Condition
Resale
Virtual Tour
https://www.zillow.com/view-imx/20a04185-dff8-404a-a2e8-7e5916a2bd30?wl=true&setAttribution=mls&initialViewType=pano
Standard Status
Active
Property Sub Type Additional
Duplex
Legal Description
HOLLYWOOD 1-21 B LOT 1 BLK 10
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Interior
Flooring
Laminate
Tile
Wood
Total Stories
1
Air Conditioning Y/N
true
Heating Y/N
true
Total Baths
0
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Exterior
Exterior Amenities
Awning(s)
Garden
Lot Features
< 1/4 Acre
Water Source
Public
Total Parking
4
Lot Size Area
4699
Building Area Total
2576
Lot Size Acres
0.11
Waterfront Y/N
false
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* Excluded Features
List By
Jordan Sorman
Listing Agent
Affordability Calculator
- Monthly Principal & Interest
- $11,359
- Monthly Property Taxes
- $1,207
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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
Multi-family listings in Hollywood, FL
Average List Price
$1,212,884
Percent of Sale Price
33%
About Hollywood, FL
150,867
Population
9%
Since 2002
$
50,895
Median Income
43.28
Median Age
25%
Households with Children
Trends Information provided by ATTOM Data Solutions.
4812716
Elementary School
4205654
Middle School
South Broward High School
High School
Pricing History
| Date |
Price |
Price Change |
Description |
|
6/25/2026
|
$1,799,000
|
|
Listed Price
|