2531 Pierce StreetHollywood, FL 33020MLS Number B26036934

  • Price: $697,500
  • Est. Mortgage of $/month
  • 1 Day on Market
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$/month over payments
Federal 30-year interest rate: 6.48% last updated on Jun 4, 2026
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  • 0.35Acreage
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
Listing by United Realty Group Inc.

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Ocean Estate Properties
Ocean Estate Properties
Office: 561-504-9226
500 NE Spanish River Boulevard
Suite 104
Boca Raton, FL 33431

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More Info

Basic Information

  • Gross Income $37,344
  • Insurance Expense $3,226
  • Possible Use Multi-Family, Single Family

Location

  • Address2531 Pierce Street
  • Area3050
  • Building Number2531
  • CountyBroward
  • StateFL
  • StreetPierce Street
  • SubdivisionHollywood Little Ranches
  • TownHollywood
  • Zip33020

Amenities

  • AmenitiesParking

Tax Information

  • Tax Year 2025
  • Taxes$9,666

Utilities

  • Utilities
    • Cable Connected
    • Electricity Connected
    • Other
    • Phone Connected
    • Sewer Connected
    • Water Connected
  • Waste Water DisposalPublic Sewer, Private Sewer, Septic Tank

Property Information

  • Acreage0.35
  • Current Use Development, Multi-Family, Single Family
  • Lot Features Oversized Lot, 1/4 to 1/2 Acre Lot
  • Lot Size Dimensions 75 feet x 206 feet
  • Property Sub Type Additional Unimproved Land

School Information

  • Elementary SchoolOakridge
  • High SchoolSouth Broward
  • Junior HighOlsen

Basic Information

  • List Price$697,500
  • MLS NumberB26036934
  • Modification Date06/04/2026
  • Property SubTypeUnimproved Land
  • Property TypeLand
  • StatusACT
  • Virtual TourView Tour

Water Body

  • Water AccessPublic

Other

  • Date Listed06/04/2026
  • Documents Available Building Plans, Other, Survey, Title Insurance
  • Possession Negotiable
  • Special Listing Conditions Standard

Based on information submitted to BeachesMLS as of June 5, 2026 8:43 AM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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