Price Reduction

Address

2531 Pierce Street, Hollywood, FL

Listing Type

Active

Price

$ 629,750

Property Attributes

MLS#B26036952
TypeSingle Family
Listing Status Active
CountyBroward
CityHollywood
Area3050
NeighborhoodHOLLYWOOD LITTLE RANCHES
Zip33020
Style
Year Built1949
Taxes$ 9666
Price$ 629,750
Bedrooms3
Full Bathrooms2
Half Bathrooms0
Sqr Footage1440
Lot Size0.35 Acres

Data Source:

Beaches MLS (FL)

Property Description

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 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.

Elementary School	Middle School	High School
Oakridge Elementary School	Olsen Middle School	South Broward High School

Price History
6/4/2026	Listed $697,500
7/28/2026	3$679,850
8/31/2026	7$629,750

General Features

Membership Required	false
Sewer	Public Sewer,Private Sewer,Septic Tank
Heating	Wall Furnace
Cooling	Ceiling Fan(s),Wall/Window Unit(s)
Utilities	Cable Connected,Electricity Connected,Other,Phone Connected,Sewer Connected,Water Connected
Possession	Negotiable
Roof	Flat,Shingle
Appliances	Cooktop,Dryer,Electric Cooktop,Electric Range,Microwave,Oven,Range,Refrigerator,Water Heater,Washer
Architectural Style	Contemporary
Security Features	Smoke Detector(s)
Construction Materials	Block,Concrete,Stucco
Pets Allowed	No Pet Restrictions,Yes
Year Built	1949
Stories Count	1
Levels	One
Property Subtype	Single Family Residence
Tax Year	2025
Accessibility	None
County	Broward
New Construction	false
Property Type	Residential
Subdivision Name	HOLLYWOOD LITTLE RANCHES
Facing Direction	South
Garage Y/N	false
Full Baths	2
Status	Active
High School	South Broward
City	Hollywood
Disclosures	Owner Is Listing Agent
Senior Community Y/N	false
MLS Area	3050
Carport Spaces	1
Carport Y/N	true
Elementary School	Oakridge
Tax Annual Amount	9666.78
Middle/Junior High School	Olsen
Property Condition	Resale
MLS Area Minor	HWEA - Hollywood East (3010-3050)
Virtual Tour	https://www.propertypanorama.com/2531-Pierce-Street-Hollywood-FL-33020--B26036952/unbranded
Standard Status	Active
Occupancy Type	Tenant
Property Sub Type Additional	Single Family Residence
PostalCity	Hollywood
Legal Description	HOLLYWOOD LITTLE RANCHES 1-26 B LOT 13 E3/4 BLK 14

Interior Features

Interior Amenities	Bedroom on Main Level,Other,Split Bedrooms,Storage
Flooring	Laminate,Parquet,Terrazzo,Tile,Vinyl
Furnished Y/N	Unfurnished
Total Stories	1
Air Conditioning Y/N	true
Heating Y/N	true
Fireplace Y/N	false
Total Bedrooms	3
Main Level Bedrooms	2
Main Level Bathrooms	3
Total Baths	2

Exterior Features

Private Pool	false
Exterior Amenities	Awning(s),Other,Storage
Parking Features	Attached Carport,Covered,Carport
Lot Features	Oversized Lot,1/4 to 1/2 Acre Lot
Water Source	Public
Total Parking	4
Lot Size Area	15393
Building Area Total	1785
Lot Dimensions	75 feet x 206 feet
Lot Size Acres	0.35
Road Surface Type	Asphalt,Paved
Waterfront Y/N	false
Covered Spaces	1
Road Frontage Type	City Street
Road Responsibility	Public Maintained Road