Active

2531 Pierce Street

Hollywood, FL 33020
Mark as Favorite
Acres0.35

Acre(Lot)

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 viabl e 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.

Read More Expand

Detail Ic Property Details

Property Type : Land

Price : $679,850

AD Id : 80048068

MLS Id : B26036934

Lot Size : 0.35 Acre(Lot)

County : Broward

Subdivision: Hollywood Little Ranches

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Lot Information

    Lot Dimensions: 75 feet x 206 feet Lot Size Acres: 0.35 Lot Size Square Feet: 15,393 Lot Description: OversizedLot,QuarterToHalfAcreLot

    Property Information

    Subdivision: HOLLYWOOD LITTLE RANCHES Source Property Type: Land Postal Code Plus 4: 4311 Property SubType: Unimproved Land Direction Faces: South

  • Listing Price Information

    Listing Price: $679850
    Original Price: $697500
    Cash, Conventional, Cryptocurrency, Exchange1031, OwnerWillCarry, PrivateFinancingAvailable

  • Tax Information

    Parcel Number: 514216015270 Tax Year: 2025 Annual Tax: $9666.78 Tax Legal Desc: HOLLYWOOD LITTLE RANCHES 1-26 B LOT 13 E3/4 BLK 14

  • School Information

    Elementary School: Oakridge Junior High School: Olsen Senior High School: South Broward
  • Utility Information

    CableConnected, ElectricityConnected, Other, PhoneConnected, SewerConnected, WaterConnected
  • Location Information

    WaterSource: Public
Sell a home like this and save $40,292 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2215 Fillmore Street, Hollywood, FL, 33020 $2,750,000 -- -- -- Acres (Lot)--
3620 N 24th Avenue, Hollywood, FL, 33020 $470,000 -- -- -- Acres (Lot)--
2117 Polk Street, Hollywood, FL, 33020 $900,000 -- -- -- Acres (Lot)--
2022 Fletcher St, Hollywood, FL, 33020 $3,000,000 -- -- -- 13,000 Sqft(Lot)
2229 Adams St, Hollywood, FL, 33020 $760,000 -- -- -- 10,247 Sqft(Lot)
1858 Fletcher Street, Hollywood, FL, 33020 $1,100,000 -- -- -- Acres (Lot)--
1404 Jackson Street, Hollywood, FL, 33020 $890,000 -- -- -- 0.19 Acre(Lot)
1452 Jefferson Street, Hollywood, FL, 33020 $639,999 -- -- -- 5,997 Sqft(Lot)
1601 N 16th Court, Hollywood, FL, 33020 $540,000 -- -- -- Acres (Lot)--
1231 N 16th Court, Hollywood, FL, 33020 $915,000 -- -- -- Acres (Lot)--

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 08/05/2026 @ 11:38

MLS: B26036934 LISTED BY: Michael Sheer, United Realty Group Inc. 954-450-2000 SOURCE: Beaches MLS

Homes around $679,850

Selling? Save $40,292 when you sell a home like this

Tour with a ByOwner Agent