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Hollywood, FL Homes for Sale between $1,750,000 to $2,000,000

Hollywood, FL Homes for Sale between $1,750,000 to $2,000,000

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Hollywood, FL Homes for Sale Between $1,750,000 to $2,000,000

$1,799,000
B26045137 MLS
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. NOTE: The Adjoining property at 219 N 21st Ave is also available for sale separately, offering a rare chance to assemble nearly .40 acres for a larger-scale project. Own The Whole Block!

2040 Polk Street, Hollywood

$1,799,000
B26045128 MLS
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 pictures are virtual renderings of future potential projects. NOTE: The adjoining property at 219 N 21st Ave is also available for sale separately, offering a rare chance to assemble nearly .40 acres for a larger-scale project. Own The Entire Block!

2040 Polk Street, Hollywood

$1,750,000
B26035471 MLS
Prime redevelopment opportunity in Hollywood's rapidly transforming DH-2 corridor. Ideal for investors, developers, and owner-users seeking exposure to one of South Florida's most active urban infill markets. Conveniently located near Downtown Hollywood, Young Circle, US-1, beaches, and major employment centers. Existing improvements may provide interim income while pursuing future redevelopment. The area continues to benefit from revitalization, new mixed-use projects, and strong rental demand. Seller financing available for qualified buyers with as little as 40% down and a below-market interest rate, creating a unique opportunity. the assemblage may support a future residential development program of approximately 29 to 32 units subject to zoning verification, site planning and parking. Executive Summary The Buchanan Street / North 20th Avenue assemblage presents a rare East Hollywood Mid-Core opportunity combining durable in-place income, attractive seller financing, and meaningful long-term redevelopment potential. The portfolio consists of 1948 Buchanan Street, 1952 Buchanan Street, and 615 North 20th Avenue, totaling nine residential units with a rear gated parking area in one of Hollywood's most dynamic redevelopment corridors. As currently improved, the 9-unit apartment complex generates immediate cash flow with an estimated 5% capitalization rate, providing investors with stable income from day one while preserving the flexibility to pursue future redevelopment. Unlike traditional development sites that often require carrying costs without income, this assemblage allows investors to collect revenue while planning and entitling a higher-density project. Further enhancing the investment opportunity, the seller is willing to provide purchase money financing with as little as 40% down and a below-market interest rate. This structure significantly reduces the purchaser's upfront equity requirement, improves cash-on-cash returns, and creates positive leverage that may outperform conventional financing alternatives. In today's lending environment, access to favorable seller financing represents a substantial economic advantage and may allow investors to achieve enhanced returns while preserving capital for future improvements or development activities. Beyond the existing income stream, the property's greatest value may lie in its redevelopment potential. Based upon preliminary planning assumptions, the assemblage may support a future residential development program of approximately 29 to 32 units, subject to zoning verification, site planning, parking requirements, utility capacity, and municipal approvals. The combination of existing income, assembled land area, and redevelopment flexibility creates a compelling covered-land investment strategy. Investment Highlights Current Yield Strategy • Nine-unit multifamily assemblage with immediate income. • Estimated 5% in-place capitalization rate. • Rear gated parking area providing operational flexibility and tenant appeal. • Potential for continued rental growth through proactive asset management. Enhanced Returns Through Seller Financing • Seller willing to hold a purchase money mortgage. • Approximately 40% down payment requirement. • Below-market interest rate. • Improved cash-on-cash returns and reduced equity exposure. • Ability to preserve capital for future value-add improvements or redevelopment planning. Future Development Opportunity • Preliminary redevelopment potential of approximately 29 to 32 residential units. • Located within a rapidly evolving East Hollywood corridor benefiting from continued investment and redevelopment activity. • Opportunity to create substantial land value through future entitlement and development. • Existing income stream helps offset carrying costs during the planning and entitlement process. The Buchanan Street assemblage is therefore positioned as more than a traditional multifamily acquisition. It is a strategic Mid-Core investment offering three distinct value drivers: immediate cash flow, favorable seller financing, and long-term redevelopment optionality. Few opportunities offer investors the ability to generate current income, enhance returns through attractive financing terms, and maintain control of a site with meaningful future development potential.

1954 Buchanan Street, Hollywood

$1,750,000
B26034874 MLS
The Buchanan St / N 20th Ave assemblage presents a rare East Hollywood Mid-Core opportunity combining durable in-place income, attractive seller financing, and meaningful long-term redevelopment potential. The portfolio consists of 1948, 1952 Buchanan Street, & 615 N 20th Ave, totaling 9 units with a rear gated parking area in one of Hollywood's most dynamic redevelopment corridors. As currently improved, the asset generates immediate cash flow with an estimated 5% cap rate. Further enhancing the investment opportunity, the seller is willing to provide purchase money financing with as little as 40% down and a below-market interest rate. Beyond the existing income stream, the property's greatest value may lie in its redevelopment potential of 29-32 Unit subject to zoning and site approval. Executive Summary The Buchanan Street / North 20th Avenue assemblage is a compelling East Hollywood Mid-Core investment combining immediate income, favorable seller financing, and long-term redevelopment potential. Located at 1948 and 1952 Buchanan Street and 615 North 20th Avenue, the portfolio includes nine residential units with rear gated parking. The property currently generates stable cash flow at an estimated 5% capitalization rate, allowing an investor to earn income while evaluating future development plans. The seller is willing to provide purchase money financing with approximately 40% down and a below-market interest rate, reducing the purchaser's initial equity requirement and potentially improving cash-on-cash returns. Based on preliminary planning assumptions, the assemblage may support approximately 29 to 32 residential units, subject to zoning, parking, site-plan, utility-capacity, and municipal approvals. This creates a covered-land strategy in which existing rental income helps offset carrying costs during the entitlement and development process. The opportunity is driven by three primary components: Immediate cash flow from nine existing units Attractive seller financing with reduced equity exposure Redevelopment optionality within a growing East Hollywood corridor Overall, the assemblage offers investors the ability to generate current income while controlling a strategically located site with meaningful future development potential.

1948 Buchanan Street, Hollywood

$1,899,000
3 Beds 4 Baths R11153862 MLS
Experience elevated oceanfront living in Residence 1807 at Ocean Palms, a prestigious luxury condominium at 3101 S Ocean Drive. This newly renovated stunning 3-bedroom, 3.5-bath home offers ocean and Intracoastal views, luxurious finishes throughout, and an exceptional coastal lifestyle. A private elevator entry opens directly into the residence, where floor-to-ceiling glass frames sweeping ocean views and fills the space with natural light. The living areas flow seamlessly to a spacious balcony, perfect for taking in glowing sunsets and endless water views. The gourmet kitchen is thoughtfully designed with custom Italian cabinetry, granite countertops, and high-end appliances, ideal for both everyday living and entertaining. The spa-inspired primary bath features marble finishes, elegant cabinetry, a luxurious jacuzzi whirlpool tub, and a glass-enclosed shower, creating a serene retreat. Additional highlights include solid-core doors, in-residence security, and energy-efficient windows and sliding glass doors. Ocean Palms is a direct oceanfront building offering resort-style amenities, including an elevated pool deck, tropical landscaping, outdoor spa and grill, a two-story spa and fitness center, tennis court, entertainment and meeting spaces, concierge and valet services, and 24-hour security. An exceptional opportunity to own a refined oceanfront residence with incredible views, privacy, and luxury amenities.

3101 S Ocean Drive Unit 1807, Hollywood

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