To use voice input, Best Of Luxury Realty needs access to your microphone. Check your browser preferences to allow microphone access and reload the page.

Scan Near Me

We couldn't find nearby developments at the moment.

Scan Near Me

We couldn't find nearby developments at the moment.

Counties

Hollywood Little Ranches, 2323 Polk St
Land in Hollywood, FL 33020

Overview Features True Comps Price History Payment Location Similar Homes

New - 5 days 8 hrs ago

2,396,50025.18%

$2,999,990

Estimate Payment

0.47

Acre

Status

Active

Size

0.47 Acres (1,906 m²)

Price

$6,382,957/Acre ($1,574/m²)

Type

Land

MLS Number

A12018973

On Site

40 Days

Updated

3 Days ago

Page Views

Exceptional development opportunity at 2323 Polk Street, Hollywood, FL. Approved plans for a 4-story, 27-unit multifamily project located within the Regional Activity Center (DH-2 zoning), recently approved by the City of Hollywood Planning and Development Boa... Read more

Features

All features

Current Use: MultiFamily, Unimproved
Approx SqFt Total Area: 20515
Property SqFt: 20515
Remarks: Exceptional development opportunity at 2323 Polk Street, Hollywood, FL. Approved plans for a 4-story, 27-unit multifamily project located within the Regional Activity Center (DH-2 zoning), recently approved by the City of Hollywood Planning and Development Board. The project is thoughtfully designed for efficiency, featuring mostly 2BR/2BA units and 56 total parking spaces, including standard, ADA, tandem, and mechanical lifts—an uncommon advantage in the submarket. The area is predominantly rental-focused, creating a rare opportunity for a condo-oriented or ownership-ready product. Ideal for developers or builders seeking a near shovel-ready project while avoiding the time and cost of entitlements. Offering Memorandum available; plans and additional documentation upon request. 2323 Polk Street presents a compelling development opportunity for investors, developers, and builders seeking a multifamily project in a strategically positioned Hollywood submarket. The property is located within the Regional Activity Center (DH-2 zoning) and is approved for a 4-story, 27-unit multifamily building. The project has recently received approval from the City of Hollywood Planning and Development Board, representing a major milestone in the development process and significantly reducing entitlement risk.The project has been deliberately designed with a profit-driven, efficiency-focused approach. Unlike many nearby developments that emphasize extensive common areas, luxury amenities, and smaller unit layouts, this building prioritizes functionality, livability, and market demand. The unit mix is predominantly 2-bedroom, 2-bathroom residences, a sharp contrast to surrounding projects that largely offer 1-bedroom units. This configuration appeals strongly to end users, families, roommates, and long-term tenants, supporting higher absorption and retention.A major competitive advantage of the project is its parking ratio. The development provides 56 total parking spaces, allowing for approximately two parking spaces per unit, including standard, ADA, tandem, and mechanical lift spaces. This exceeds the typical parking ratios in the area, where many projects average approximately 1.5 spaces per unit, and significantly enhances marketability, especially for ownership-oriented or condo-ready strategies.The surrounding area has seen a concentration of rental-focused developments, creating a scarcity of new ownership-style multifamily product. This positions 2323 Polk as a unique opportunity for a buyer to deliver either a boutique condo project or a high-quality rental community with a differentiated unit mix and parking offering. The design flexibility allows a future owner to adapt the exit strategy based on market conditions, investor appetite, or financing structure.Substantial upfront work has already been completed, including architectural design, civil engineering, fire flow calculations, and Technical Advisory Committee (TAC) review with the City of Hollywood. This significantly shortens the development timeline and allows a buyer to avoid the time, uncertainty, and carrying costs typically associated with early-stage projects.The site is surrounded by established residential uses and benefits from proximity to Downtown Hollywood, major transportation corridors, employment centers, and regional amenities. The broader market is projected to experience sustained population and economic growth through 2029, supporting long-term demand for well-located multifamily housing.2323 Polk Street is ideally suited for a developer or investor seeking a smartly designed, cost-efficient project with strong fundamentals, reduced execution risk, and multiple viable exit strategies. Offering Memorandum available. Architectural plans, civil drawings, and supporting documentation are available upon request.
Internet Remarks: Exceptional development opportunity at 2323 Polk Street, Hollywood, FL. Approved plans for a 4-story, 27-unit multifamily project located within the Regional Activity Center (DH-2 zoning), recently approved by the City of Hollywood Planning and Development Board. The project is thoughtfully designed for efficiency, featuring mostly 2BR/2BA units and 56 total parking spaces, including standard, ADA, tandem, and mechanical lifts—an uncommon advantage in the submarket. The area is predominantly rental-focused, creating a rare opportunity for a condo-oriented or ownership-ready product. Ideal for developers or builders seeking a near shovel-ready project while avoiding the time and cost of entitlements. Offering Memorandum available; plans and additional documentation upon request. 2323 Polk Street presents a compelling development opportunity for investors, developers, and builders seeking a multifamily project in a strategically positioned Hollywood submarket. The property is located within the Regional Activity Center (DH-2 zoning) and is approved for a 4-story, 27-unit multifamily building. The project has recently received approval from the City of Hollywood Planning and Development Board, representing a major milestone in the development process and significantly reducing entitlement risk.The project has been deliberately designed with a profit-driven, efficiency-focused approach. Unlike many nearby developments that emphasize extensive common areas, luxury amenities, and smaller unit layouts, this building prioritizes functionality, livability, and market demand. The unit mix is predominantly 2-bedroom, 2-bathroom residences, a sharp contrast to surrounding projects that largely offer 1-bedroom units. This configuration appeals strongly to end users, families, roommates, and long-term tenants, supporting higher absorption and retention.A major competitive advantage of the project is its parking ratio. The development provides 56 total parking spaces, allowing for approximately two parking spaces per unit, including standard, ADA, tandem, and mechanical lift spaces. This exceeds the typical parking ratios in the area, where many projects average approximately 1.5 spaces per unit, and significantly enhances marketability, especially for ownership-oriented or condo-ready strategies.The surrounding area has seen a concentration of rental-focused developments, creating a scarcity of new ownership-style multifamily product. This positions 2323 Polk as a unique opportunity for a buyer to deliver either a boutique condo project or a high-quality rental community with a differentiated unit mix and parking offering. The design flexibility allows a future owner to adapt the exit strategy based on market conditions, investor appetite, or financing structure.Substantial upfront work has already been completed, including architectural design, civil engineering, fire flow calculations, and Technical Advisory Committee (TAC) review with the City of Hollywood. This significantly shortens the development timeline and allows a buyer to avoid the time, uncertainty, and carrying costs typically associated with early-stage projects.The site is surrounded by established residential uses and benefits from proximity to Downtown Hollywood, major transportation corridors, employment centers, and regional amenities. The broader market is projected to experience sustained population and economic growth through 2029, supporting long-term demand for well-located multifamily housing.2323 Polk Street is ideally suited for a developer or investor seeking a smartly designed, cost-efficient project with strong fundamentals, reduced execution risk, and multiple viable exit strategies. Offering Memorandum available. Architectural plans, civil drawings, and supporting documentation are available upon request.
Waterfront: No info
Days on Market: 36
Office Name: Soar Realty Corp
Taxes: 23284
Tax Year: 2025
Listing Date: 2026-05-14T15:42:36.000-00:00
Lot Size Square Feet: 20515

Apples-to-Apples Comparables

Closest-Match Comparables

See closest-match comps for this subdivision

Unlock Access

No obligation

Price History

Current

$3M

High

$3M

Low

$2.4M

Total Change

25.2%

Date

Event

Price

Change

Price Per

06/18/2026

Price Increased

$3M

25.18%

$146 ft²

$1,574 m²

05/14/2026

Listed

$2.4M

$117 ft²

$1,257 m²

06/18/2026

$3M

Event

Price Increased

Change

25.18%

Price Per

$146 ft²

$1,574 m²

05/14/2026

$2.4M

Event

Listed

Price Per

$117 ft²

$1,257 m²

Price per square foot and days on website are not provided values and are calculated by Subdivisions.

Listed by Juan Suarez • Soar Realty Corp • Buyer Agency Compensation .

Listing Location & Street View
MapStreet View

Similar Listings

Results 0 of 0

No listings found

Try adjusting your filters or changing your location to see available listings

Turn on listing alerts and we'll notify you
when matching listings appear

2 to 6 BR

Bedrooms

$379K to $3.6M

Price Tier

620 - 12,540

SqFt Range

1953

Year Build

Total Floors

N/A

Total Units

N/A

Total Sales

Hollywood
Premium
Premium Homes & Condos

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity' Program of the Regional Multiple Listing Service of Miami Dade, Broward, Palm Beach, Collier and Lee Counties. Not all listings found on this site are necessarily listed through Subdivisions.com. Real estate listings held by brokerage firms other than Subdivisions.com are marked with the Broker Reciprocity' logo or the Broker Reciprocity' thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.

Company

Legal

Social Media