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2531 Pierce Street, Hollywood, FL 33020
Overview
Description
Supplements: ... (Read more) 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.
Listing Details MLS# B26036952
General Property Information
- Property Sub Type
- Single Family Residence
- Bedrooms Total
- 3
- Bathrooms Total
- 2
- Bathrooms Full
- 2
- Building Area Main
- 1785
- Building Area Source
- Appraiser
- Living Area Main
- 1440
- Living Area Source
- Appraiser
- Adjusted Area Main
- 1568
- Accessibility Features YN
- No
- Year Built
- 1949
- Carport YN
- Yes
- Attached Carport YN
- Yes
- Carport Spaces
- Yes
- Covered Spaces
- Yes
- Parking Total
- 4
- Gated Community YN
- No
- Lot Size Area
- 15393
- Lot Size Acres
- 0.35
- Lot Size Dimensions
- 75 feet x 206 feet
- Senior Community YN
- No
- Stories Total
- Yes
- Stories
- Yes
- Direction Faces
- South
- Fireplace YN
- No
- Pool Private YN
- No
- Furnished
- Unfurnished
- LP/Assessed Value
- 1.88
Property Features
Contract Information
- Comp Sale YN
- No
- Original List Price
- 697500
- Negotiable Seller Concessions YN
- Yes
- Occupant Type
- Tenant
- Listing Service
- Full Service
- Seller Represented YN
- Yes
Location and Legal
- Country
- United States
- County Or Parish
- Broward
- Street Number
- 2531
- Street Name
- Pierce
- Street Suffix
- Street
- Municipality Type
- Incorporated
- State Or Province
- FL
- Postal Code
- 33020
- Postal Code +4
- 4311
- Subdivision Name
- HOLLYWOOD LITTLE RANCHES
- Area
- 3050
- Geographic Area
- HWEA - Hollywood East (3010-3050)
- Elementary School
- Oakridge
- Middle Or Junior School
- Olsen
- High School
- South Broward
- Special Assessment YN
- No
- Parcel Number
- 514216015270
- Subdivision Number
- Yes
- Zoning
- RM-18
- Flood Zone
- X
Financial Information
- Application Required YN
- No
- Master Association YN
- No
- Membership Fee Required YN
- No
- Tax Annual Amount
- 9666.78
- Tax Year
- 2025
- Tax Assessed/SOH Value
- 360980
- Tax Legal Description
- HOLLYWOOD LITTLE RANCHES 1-26 B LOT 13 E3/4 BLK 14
- Assessor Market Value
- 633760
- Estimated Monthly Assoc Recurring Fee
- 0
Status Change Information
- Major Change Timestamp
- 2026-07-28T17:00:04Z
- Major Change Type
- Price Reduced
- Price Change Timestamp
- 2026-07-28T17:00:04Z
- Status Change Date
- 2026-06-04
More Information
Leasing Permitted Details
- Leasing Permitted YN
- Yes
- Okay To Lease
- Yes
Parking Information
- Open Parking Spaces
- 3
Main Level Rooms
- Main Level Bathrooms
- 3
- Main Level Bedrooms
- 2
Pet Details
- Pet Fee YN
- No
- Other Pet Restrictions
- You can do as you wish as the owner.
Leasing Restrictions
- Leasing - Max Times Per Year
- 100
- Leasing - Minimum Number of Days
- Yes
Price Calculations
- Current Price To SqFt
- 484.37
Originating Details
- Originating System Key
- 20260604175433790287000000
- Originating System ID
- M00000170
Office/Member Information
- DXORIGMLSID
- RML
Exterior Features
- Awning(s)
- Yes
- Storage
- Yes
- Other
- Yes
Flooring
- Laminate
- Yes
- Parquet
- Yes
- Terrazzo
- Yes
- Tile
- Yes
- Vinyl
- Yes
Parking Features
- Covered
- Yes
- Attached Carport
- Yes
- Carport
- Yes
Property Condition
- Resale
- Yes
Special Listing Conditions
- Standard
- Yes
Structure Type
- House
- Yes
Possession
- Negotiable
- Yes
Sewer
- Private Sewer
- Yes
- Public Sewer
- Yes
- Septic Tank
- Yes
Utilities
- Cable Connected
- Yes
- Electricity Connected
- Yes
- Phone Connected
- Yes
- Sewer Connected
- Yes
- Water Connected
- Yes
- Other
- Yes
Heating
- Window/Wall
- Yes
Appliances
- Dryer
- Yes
- Electric Cooktop
- Yes
- Electric Range
- Yes
- Microwave
- Yes
- Oven
- Yes
- Refrigerator
- Yes
- Washer
- Yes
- Water Heater
- Yes
- Other
- Yes
- Cooktop
- Yes
- Range
- Yes
Construction Materials
- Block
- Yes
- CBS
- Yes
- Concrete
- Yes
- Concrete Block - With Stucco
- Yes
- Stucco
- Yes
Interior Features
- Bedroom Layout - Split
- Yes
- Storage
- Yes
- Other
- Yes
Levels
- One
- Yes
Listing Terms
- 1031 Exchange
- Yes
- Cash
- Yes
- Conventional
- Yes
- Cryptocurrency
- Yes
- Owner Will Carry
- Yes
- Private Financing Available
- Yes
- Trade
- Yes
- Other
- Yes
Lot Features
- Oversized Lot
- Yes
Road Frontage Type
- City Street
- Yes
Road Responsibility
- Public Maintained Road
- Yes
Road Surface Type
- Asphalt
- Yes
- Paved
- Yes
Roof
- Flat
- Yes
- Shingle
- Yes
Security Features
- Smoke Detector(s)
- Yes
Water Source
- Public
- Yes
Water Heater Details
- Water Heater Owned
- Yes
Architectural Style
- Contemporary
- Yes
Cooling
- Ceiling Fan(s)
- Yes
- Wall/Window Unit(s)
- Yes
Showing Requirements
- 24 Hour Notice
- Yes
- Appointment Only
- Yes
- Call Listing Agent
- Yes
- Listing Agent Must Accompany
- Yes
- Occupied
- Yes
- Schedule Online
- Yes
- Text Listing Agent
- Yes
Main Living Area
- Entry Level
- Yes
Master Bedroom/Bath
- Bedroom On Entry Level
- Yes
- Other
- Yes
Pets Allowed YN
- Yes
- Yes
Pets Allowed
- No Restrictions
- Yes
Restrictions
- No Restrictions
- Yes
Tax Information
- County Only
- Yes
Room Types
- Kitchen
- Yes
- Living Room
- Yes
- Master Bedroom
- Yes
Acreage Description
- 1/4 To Less Than 1/2 Acre Lot
- Yes
- Less Than 1 Acre Lot
- Yes
Room Information
| Room Name |
|---|
| Kitchen |
| Living Room |
| Master Bedroom |
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