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2531 Pierce Street

Hollywood, FL 33020
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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 30% 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.

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Detail Ic Property Details

Property Type : Land

Price : $629,750

AD Id : 80048068

MLS Id : B26036934

Lot Size : 0.35 Acre(Lot)

Tax Amount : $9,666.78

County : Broward

Subdivision: Hollywood Little Ranches

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  • 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 MLS Area Minor: HWEA - Hollywood East (3010-3050) Postal Code Plus 4: 4311 Property SubType: Unimproved Land Direction Faces: South

  • Listing Price Information

    Listing Price: $629750
    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
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Nearby Home Value

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1954 Buchanan Street, Hollywood, FL, 33020 $1,750,000 -- -- -- Acres (Lot)--

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ByOwner last updated this listing 09/19/2026 @ 15:00

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

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