2531 Pierce St, Hollywood, FL 33020
As of , this 3 bedroom, 2 bath house is for sale at $629,750 ($437 per sq ft). It was listed on .
MLS data updated .
Key facts
- Type
- House
- Year built
- 1949
- Property tax
- $9,666 (2025)
- Waterfront
- No
- Pets
- No pets
- Cooling
- Ceiling Fans, Wall Window Units
- Heating
- Wall Furnace
- MLS number
- B26036952
Listing information
Listing courtesy of United Realty Group Inc, 954-450-2000, pbrownell@urgfl.com
Listing agent: Michael J Sheer, MikeSheerRealtor@gmail.com
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MIAMI MLS. Listing data from MIAMI MLS (South East Florida Regional MLS). Information is deemed reliable but not guaranteed.
Listing information is provided for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify homes consumers may want to buy or rent.
Listing last changed .
From the listing
This is how 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 (the right to build 8 more units), 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.
The text above is the listing description from the MLS, as written by the listing agent.
The Hollywood market
As of , the median asking price in Hollywood is $499,000, or $395 per sq ft, across 1,671 listings for sale. The median listing for sale there has been on the market for 93 days.
Price and status history
- Listing date
- Days on market
- 139
- Original list price
- $697,500
- Price changes
- 2
| Date | Event | Price |
|---|---|---|
| Price changed | $679,850 → $629,750 | |
| Before Aug 31, 2026 | Price changed | $697,500 → $679,850 |
| Listed | $697,500 |
From the MLS. RealVista does not show sold prices.
