2531 Pierce Street, Hollywood, FL 33020
Local realty services provided by:Better Homes and Gardens Real Estate Florida 1st
Listed by: michael j sheer, wayne c charneco
Office: united realty group inc.
MLS#:B26036934
Source:RMLS
Price summary
- Price:$679,850
About this home
Rare opportunity to acquire an income producing 3/2 home (w/in-law suite) & additional development capacity, walking distance from schools, library, parks & Downtown Hollywood, at over 20% below market value. Lots of new development nearby. Investors & developers have increasingly turned their attention to this area, recognizing its long term potential. This property should not be viewed solely as a single family home or solely as a land play; the true value is in both. The existing 3 bedroom 2 bathroom home can remain in place and continue generating income while 8 additional units are developed on the same lot, for a total of 9 units, without tearing down the current structure. All of the additional 8 units can be ~760 square foot 2 bedroom apartments. The included site plan shows viable layout, parking & access. A formal Pre-Application Consultation (PAC) meeting with the city has been held; representatives from every relevant discipline were present (planning, zoning, engineering, landscape, fire, etc) and they confirmed the site plan is feasible & compliant with current zoning & regulations. Sold land comps: $50k per (mostly 1 bedroom) unit. Active land comps: $58k-$101k per (mostly 1 bedroom) unit. Two bedroom units generally rent for around 30% more than one bedroom units; land buildable for two bedroom units is generally valued around 30% more than land buildable for one bedroom units. 3/2 house comps: $499k-$679k active, $410k-$580k sold. Subject property is a 3/2 house + 8 (2 bedroom) units of buildable land; market value ~$900k. 2 bed rents:$1.8k-$2.5k/mo. 3 bed rents:$3k-$3.8k/mo. Build cost:~$1.3M-$1.5M. All in:~$2M. Projected value:$3M+ = ~$1M instant equity. Potential ~10% cap. Seller will finance. Property is in a Qualified Opportunity Zone, which offers the potential for major tax benefits including deferring taxes, reducing capital gains taxes, and potentially paying no tax at all on the profit when you sell the property; consult tax professional for details and eligibility. See photos & attachments for details on location, plans, and comps. Call listing agent for more information....
Contact an agent
Home facts
- Subdivision & Development:HOLLYWOOD LITTLE RANCHES
- Listing ID #:B26036934
- Added:63 day(s) ago
- Updated:August 07, 2026 at 02:59 PM
Structure and exterior
- Lot area:0.35 Acres
Schools
- High school:South Broward
- Middle school:Olsen
- Elementary school:Oakridge
Utilities
- Water:Public
- Sewer:Public Sewer, Septic Tank
Finances and disclosures
- Price:$679,850
- Tax amount:$9,667 (2025)
New listings near 2531 Pierce Street
- New
$490,000Active2 beds 2 baths1,090 sq. ft.2401 S Ocean Drive #1108, Hollywood, FL 33019
MLS# B26061470Listed by: PREFERRED PROPERTIES INT'L REA - New
$2,995,000Active4 beds 4 baths2,767 sq. ft.1443 Funston St, Hollywood, FL 33020
MLS# A12061134Listed by: CANVAS REAL ESTATE - New
$569,900Active3 beds 2 baths1,559 sq. ft.3141 N 73rd Ave, Hollywood, FL 33024
MLS# A12065802Listed by: OPTIMAR INTERNATIONAL REALTY - New
$253,999Active2 beds 2 baths960 sq. ft.139 Essex Rd #4-28, Hollywood, FL 33024
MLS# A12066976Listed by: THE KEYES COMPANY - New
$550,000Active3 beds 2 baths1,025 sq. ft.6841 Atlanta St, Hollywood, FL 33024
MLS# A12066761Listed by: RE/MAX REX - New
$555,000Active3 beds 3 baths1,239 sq. ft.7304 Mckinley St, Hollywood, FL 33024
MLS# A12066801Listed by: BARI REALTY GROUP - New
$405,000Active1 beds 2 baths905 sq. ft.4001 S Ocean Dr #4L, Hollywood, FL 33019
MLS# A12067047Listed by: LPT REALTY, LLC - New
$1,700Active-- beds 1 baths1,063 sq. ft.1826 Jefferson Street #2, Hollywood, FL 33020
MLS# B26061149Listed by: LOKATION - New
$850,000Active4 beds 3 baths2,081 sq. ft.2001 N 52nd Avenue, Hollywood, FL 33021
MLS# B26061175Listed by: THE NEWMAN GROUP, LLC - New
$487,000Active2 beds 1 baths744 sq. ft.2731 Bruce Ter, Hollywood, FL 33020
MLS# A12062229Listed by: ALL ONE REALTY