2531 Pierce Street
2531 Pierce Street, Hollywood, FL
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2531 Pierce Street 2531 Pierce Street, Hollywood, FL For Sale
$629,750
2531 Pierce Street · Hollywood · Hollywood
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$629,750Asking Price
Per SqFt
—/—Beds/BathsBd/Ba
SqFt
MLS B26036967 · 105 days on Zilbert · Listed Jun 4, 2026 · 2531 Pierce Street, Hollywood FLCurrent layoutPhotos first
This property is also available to rent. See the rental listing

Property Details

Asking Price$629,750
Price per SqFt
Maintenance feeInquire
Property Taxes$9,667 2025
Interior Space
Beds/Baths—/—
Year Built1949
Lot Size0.35 acres
MLS #B26036967

Estimated Costs

An estimate of condo or HOA fees and property taxes

Monthly figures, as provided
Not providedmaintenance
$806taxes · $9,667/yr ÷ 12

Monthly carry is not computed when the association fee or the taxes are not provided.

From the listing

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.

Listed by United Realty Group Inc.

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

Sale Sold Price Asking Price Beds/Baths SqFt Closed Date
Mark Zilbert
Mark Zilbert
Licensed Real Estate Broker · I track every sale in this neighborhood. Ask me about this home or the neighborhood.
+1 (786) 280-0201

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.

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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.