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Home Florida Miami Single Family Homes Hollywood Beach

Single Family Home

$ 697,500
  • 3 bed
  • 2 bath
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Details
    • Listed on:
      June 04, 2026
    • Days on Market:
      4
    • Maintenance:
      n/a
    • Taxes:
      $ 9,666 per year
    • Year:
      1949
    • Furniture:
      Unfurnished
    • Floor Description:
      Parquet, Terrazzo, Tile, Vinyl
    • Terms Considered:
      Cash, Conventional
    • View from Apartment:
      -
    • Parking:
      -
  • Building Features:
    • Outside Storage
  • Interior Features:
    • Other
    • Split Bedroom
    • Storage
  • Exterior Features:
    • Other
  • Legal Description:
    200 east palmetto park condo unit ph -1
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
Map view