2040 Polk Street, Hollywood, FL 33020 (MLS# B26045137)

2040 Polk Street, Hollywood, FL 33020

$1,649,000

Virtual Tour

https://www.zillow.com/view-imx/20a04185-dff8-404a-a2e8-7e5916a2bd30?wl=true&setAttribution=mls&initialViewType=pano

Property Type: Residential Income Square Footage: 3,040 Status: Active

Current Price: $1,649,000 List Date: 6/25/2026 Last Modified: 9/23/2026

Overview

Description

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.

Supplements: 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 hospitali ... (Read more)

Listing Details MLS# B26045137

General Property Information

Number Of Units Total: 2
Property Sub Type: Duplex
Building Area Main: 3040
Building Area Source: Other
Living Area Main: 3040
Living Area Source: Other
Accessibility Features YN: No
Year Built: 1945
Parking Total: 4
Gated Community YN: No
Lot Size Area: 4699
Lot Size Acres: 0.11
Senior Community YN: No
Stories Total: Yes
Pool Private YN: No
LP/Assessed Value: 2.61

Property Features

Documents Available: Accounting Statements Exterior Features: Awning(s); Garden Flooring: Laminate; Tile; Wood Leasing Permitted Details: Okay To Lease Property Condition: Resale Special Listing Conditions: Standard Structure Type: Duplex Tenant Pays: None Construction Materials: Brick; CBS Cooling: Central Air Heating: Central Levels: One and One Half Listing Terms: Cash; Conventional Pets Allowed YN: Yes Pets Allowed: No Restrictions Possession: Close Of Escrow Restrictions: No Restrictions Roof: Shingle Sewer: Public Sewer Tax Information: Other Exemption Utilities: Electricity Connected; Water Connected Water Source: Public Showing Requirements: 24 Hour Notice; Listing Agent Must Accompany; Text Listing Agent Unit 1 Appliances: Microwave; Range; Refrigerator Unit 1 Other Equipment: Air Conditioning Unit Unit 1 Parking Features: On Street; Parking Space Unit 1 Rooms: Den Unit 2 Appliances: Other Unit 2 Other Equipment: Air Conditioning Unit Unit 2 Parking Features: On Street; Parking Space Unit 2 Rooms: Utility Room Acreage Description: Less Than 1/4 Acre Lot; Less Than 1 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 1799000
Negotiable Seller Concessions YN: Yes
Listing Service: Full Service
Seller Represented YN: Yes

Location and Legal

Country: United States
County Or Parish: Broward
Street Number: 2040
Street Name: Polk
Street Suffix: Street
Municipality Type: Incorporated
State Or Province: FL
Postal Code: 33020
Postal Code +4: 4511
Subdivision Name: Hollywood
Area: 3050
Geographic Area: HWEA - Hollywood East (3010-3050)
Elementary School: Hollywood Central
Middle Or Junior School: Olsen
High School: South Broward
Special Assessment YN: No
Parcel Number: 514215011690
Subdivision Number: Yes
Zoning: ND-3
Flood Zone: X
Multiple Offers Accepted: Yes

Financial Information

Application Required YN: No
Master Association YN: No
Tax Annual Amount: 14478.09
Tax Year: 2025
Tax Assessed/SOH Value: 632110
Tax Legal Description: HOLLYWOOD 1-21 B LOT 1 BLK 10
Assessor Market Value: 636210

Status Change Information

Major Change Timestamp: 2026-09-23T11:47:25Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-09-23T11:47:25Z
Status Change Date: 2026-06-24

More Information

Co-Ownership

Property Management YN: No

Leasing Permitted Details

Leasing Permitted YN: Yes

Meter Information

Separate Electric Meters YN: No
Separate Gas Meters YN: No
Separate Water Meters YN: No

Pet Details

Pet Fee YN: No

Leasing Restrictions

Leasing - Max Times Per Year: 2
Leasing - Minimum Number of Days: 120

Unit 1 Details

Actual Rent: 3000
Baths Full: Yes
Efficiency YN: No
Furnished: Furnished
Hotel Room YN: No
SqFt: 1050

Unit 1 Lease Description

Currently Leased YN: No
Occupant Type: Vacant

Unit 1 Parking Details

Carport YN: No
Garage YN: No

Unit 2 Details

Actual Rent: 6000
Baths Full: Yes
Efficiency YN: No
Furnished: Furnished
Hotel Room YN: No
SqFt: 1000

Unit 2 Lease Description

Currently Leased YN: No
Occupant Type: Owner

Unit 2 Parking Details

Carport YN: No
Garage YN: No

Price Calculations

Current Price To SqFt: 591.77

Originating Details

Originating System Key: 20260625004332323604000000
Originating System ID: M00000170

Listing Office: Signature International Real E

Last Updated: September - 23 - 2026

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.