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.

Counties

Land in Hollywood, FL 33020
Hollywood Little Ranches, 2531 Pierce St

Overview Features True Comps Price History Payment Location Similar Homes

697,500-2.53%

$679,850

Estimate Payment

0.35

Acre

Status

Active

Size

0.35 Acres (1,430 m²)

Price

$1,942,429/Acre ($475/m²)

Type

Land

MLS Number

B26036934

On Site

69 Days

Updated

15 Days ago

Page Views

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 20% below market value. Lots of new development nearby. Investors & develop... Read more

Features

All features

Current Use: Development, MultiFamily, SingleFamily
Approx SqFt Total Area: 15393
Property SqFt: 15393
Remarks: 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 20% 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.
REO: Standard
Internet Remarks: 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 20% 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.
Waterfront: No info
Directions: South
Days on Market: 54
Office Name: United Realty Group Inc.
Taxes: 9666.78
Tax Year: 2025
Listing Date: 2026-06-04T13:43:04.000-00:00
Lot Size Square Feet: 15393

Apples-to-Apples Comparables

Closest-Match Comparables

See closest-match comps for this subdivision

Unlock Access

No obligation

Price History

Current

$680K

High

$698K

Low

$680K

Total Change

-2.5%

Date

Event

Price

Change

Price Per

07/28/2026

Price Reduced

$680K

-2.53%

$44 ft²

$475 m²

06/04/2026

Listed

$698K

$45 ft²

$488 m²

07/28/2026

$680K

Event

Price Reduced

Change

-2.53%

Price Per

$44 ft²

$475 m²

06/04/2026

$698K

Event

Listed

Price Per

$45 ft²

$488 m²

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

Listed by Michael Sheer • United Realty Group Inc. • Buyer Agency Compensation .

Listing Location & Street View
MapStreet View

Peer Listings

Active listings from matched communities

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 5 BR

Bedrooms

$298K to $3.5M

Price Tier

620 - 12,540

SqFt Range

1953

Year Build

Total Floors

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