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‹›2531 Pierce Street
2531 Pierce Street, Hollywood, FL 33020
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2531 Pierce Street For Sale

$599,850
2531 Pierce Street · Hollywood
2531 Pierce Street For Sale
$599,850
Hollywood, FL 33020
MLS B26036914
2531 Pierce Street, 2531 Pierce Street, Hollywood FL 33020, photo 1 of 402531 Pierce Street, 2531 Pierce Street, Hollywood FL 33020, photo 2 of 402531 Pierce Street, 2531 Pierce Street, Hollywood FL 33020, photo 3 of 402531 Pierce Street, 2531 Pierce Street, Hollywood FL 33020, photo 4 of 402531 Pierce Street, 2531 Pierce Street, Hollywood FL 33020, photo 5 of 402531 Pierce Street, 2531 Pierce Street, Hollywood FL 33020, photo 6 of 402531 Pierce Street, 2531 Pierce Street, Hollywood FL 33020, photo 7 of 402531 Pierce Street, 2531 Pierce Street, Hollywood FL 33020, photo 8 of 402531 Pierce Street, 2531 Pierce Street, Hollywood FL 33020, photo 9 of 402531 Pierce Street, 2531 Pierce Street, Hollywood FL 33020, photo 10 of 402531 Pierce Street, 2531 Pierce Street, Hollywood FL 33020, photo 11 of 402531 Pierce Street, 2531 Pierce Street, Hollywood FL 33020, photo 12 of 402531 Pierce Street, 2531 Pierce Street, Hollywood FL 33020, photo 13 of 402531 Pierce Street, 2531 Pierce Street, Hollywood FL 33020, photo 14 of 402531 Pierce Street, 2531 Pierce Street, Hollywood FL 33020, photo 15 of 402531 Pierce Street, 2531 Pierce Street, Hollywood FL 33020, photo 16 of 402531 Pierce Street, 2531 Pierce Street, Hollywood FL 33020, photo 17 of 402531 Pierce Street, 2531 Pierce Street, Hollywood FL 33020, photo 18 of 402531 Pierce Street, 2531 Pierce Street, Hollywood FL 33020, photo 19 of 402531 Pierce Street, 2531 Pierce Street, Hollywood FL 33020, photo 20 of 402531 Pierce Street, 2531 Pierce Street, Hollywood FL 33020, photo 21 of 402531 Pierce Street, 2531 Pierce Street, Hollywood FL 33020, photo 22 of 402531 Pierce Street, 2531 Pierce Street, Hollywood FL 33020, photo 23 of 402531 Pierce Street, 2531 Pierce Street, Hollywood FL 33020, photo 24 of 402531 Pierce Street, 2531 Pierce Street, Hollywood FL 33020, photo 25 of 402531 Pierce Street, 2531 Pierce Street, Hollywood FL 33020, photo 26 of 402531 Pierce Street, 2531 Pierce Street, Hollywood FL 33020, photo 27 of 402531 Pierce Street, 2531 Pierce Street, Hollywood FL 33020, photo 28 of 402531 Pierce Street, 2531 Pierce Street, Hollywood FL 33020, photo 29 of 402531 Pierce Street, 2531 Pierce Street, Hollywood FL 33020, photo 30 of 402531 Pierce Street, 2531 Pierce Street, Hollywood FL 33020, photo 31 of 402531 Pierce Street, 2531 Pierce Street, Hollywood FL 33020, photo 32 of 402531 Pierce Street, 2531 Pierce Street, Hollywood FL 33020, photo 33 of 402531 Pierce Street, 2531 Pierce Street, Hollywood FL 33020, photo 34 of 402531 Pierce Street, 2531 Pierce Street, Hollywood FL 33020, photo 35 of 402531 Pierce Street, 2531 Pierce Street, Hollywood FL 33020, photo 36 of 402531 Pierce Street, 2531 Pierce Street, Hollywood FL 33020, photo 37 of 402531 Pierce Street, 2531 Pierce Street, Hollywood FL 33020, photo 38 of 402531 Pierce Street, 2531 Pierce Street, Hollywood FL 33020, photo 39 of 402531 Pierce Street, 2531 Pierce Street, Hollywood FL 33020, photo 40 of 40
$599,850Asking Price
$417Per SqFt
—/—Beds/BathsBd/Ba
1,440SqFt · 133.8 m²
MLS B26036914 · 151 days on Zilbert · Listed Jun 4, 2026 · 2531 Pierce Street, Hollywood FL 33020
This property is also available to rent. See the rental listing

Property Details

Asking Price$599,850
Price per SqFt$417
Property Taxes$9,667 2025
Interior Space1,440 SqFt
Beds/Baths—/—
Year Built1949
PoolNo
Lot Size0.35 acres
MLS #B26036914

Location

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From the listing

33% OFF: Rare opportunity offers not one, but two ways to generate great returns in today's market while protecting your downside. Acquire an income producing 3/2 home (w/in-law suite) & additional development capacity, walking distance from schools, library, parks & Downtown Hollywood, at over 33% below market value. With lots of new development underway 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 (that can operate as two units: a 2/1 and a 1/1) or solely as a land play; the true value is in both. There are two development strategies. Option 1: 9-Unit Development: Keep the existing structure as a 3 bed 2 bath home while developing 8 additional approximately 760 square foot, 2-bedroom apartments on the same lot, for a total of 9 units. 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. Build cost:~$1.6M. All in:~$2.2M. Projected value:$3M+ = ~$800k instant equity. Potential ~10% cap rate. Option 2: 6-Unit Turnkey Development. Retain the existing structure, configured as two units: a 2/1 and a 1/1, and add two factory-built steel duplexes, each featuring two 3 bed 2 bath units for 6 units total. The manufacturer handles plans and permits, with the duplexes delivered and installed by crane. This streamlined, turnkey approach is designed to minimize development complexity and costs while maximizing cash flow. Build cost:~$1.1M. All in:~$1.7M. Projected value:~$2.5M = ~$600k instant equity. Potential 10%+ cap rate. You also have a third option of tearing down the existing structure and building townhomes similar to the development across the street. 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. Land buildable for three bedrooms units generally sells for more than double 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 or 4 (3 bedroom) units for buildable land; market value ~$900k. 1 bed rents: $1.6k-$1.9k/mo. 2 bed rents:$1.8k-$2.5k/mo. 3 bed rents:$3k-$3.8k/mo. 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.

Listed by United Realty Group Inc.

What It Costs to Own

Monthly, before a mortgage and insurance

Property taxes$806
Per month$806

Taxes $9,667 for 2025. MLS figures, which may not be accurate.

Sales History for This Home · 2531 Pierce Street, Hollywood, FL 33020

Sale ⇅Sold Price ⇅Asking Price ⇅Beds/Baths ⇅SqFt ⇅Closed Date ⇅
A1687807$95,000$95,0003/21,5681/28/13
Mark Zilbert, Global Real Estate Advisor
Mark Zilbert
Global Real Estate Advisor · ONE Sotheby's International Realty · I track every sale in this neighborhood. Ask me about this home or the neighborhood.
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Listed by United Realty Group Inc.. Mark Zilbert of ONE Sotheby's International Realty is a cooperating (transaction) broker and helps buyers find properties in Hollywood and throughout South Florida.

The curated data and calculated data for this property and its surrounding condo units and homes is based solely on data we have extracted from the MLS. There may be unpublished, private, quit claim and other property offerings and transfers that do not appear here, which may affect how a buyer or seller perceives property values. Always conduct proper due diligence when considering buying or selling property.

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