Price Check
How this price compares
- List price
- $2,999,990
- Price per sq ft
- N/A
- Original price
- Unchanged
- Days on market
- 183
This lot in Hollywood Little Ranches is listed at $2,999,990. It has been on the market for 183 days.
Estimated monthly payment
$15,766 /mo
Principal and interest only, based on $599,998 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $2,999,990
- Days on Site
- 183 Days
- Bedrooms
- 0
- Total Baths
- 0
- Lot Size
- 0.47 Acres
- Property Type
- Land
- MLS #
- A11938458
- Property Tax
- $23,284 (2025)
- Subdivision
- HOLLYWOOD LITTLE RANCHES
- County
- Broward
- Status
- Active
About This Property
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.
MLS media linkGeneral Features
- Property Type
- Land
- Status
- Active
- Direction Faces
- South
- Lot Size (Acres)
- 0.47
- Sewer
- Septic Tank
- Water Source
- Public
- Zoning
- DH-2
Exterior Features
- Lot Features
- City Lot / Other
Community & HOA
- Community Features
- Near Schools
- Utilities
- Cable Available / Electricity Available / Natural Gas Available / Other / Trash Collection / Water Available
- Financing Terms
- Cash / Conventional
- MLS Area
- 3050
Schools
- Elementary School
- Oakridge
- Middle School
- Olsen
- High School
- South Broward
About the Community
Hollywood Little Ranches is a community in Hollywood, Broward County, Florida. Active listings are priced from $379,000 to $1,200,000. Homes were built between 1924 and 2027. Pure Equity lists homes in Hollywood Little Ranches and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.
- Homes for Sale
- 67
- Under Contract
- 9
- Median List Price
- $627,375
- Median Sale Price (September)
- $370,000
- Median $/Sq Ft
- $435
- Avg Days on Market
- 177
Frequently Asked Questions
- How do I schedule a tour of 2323 Polk Street, Hollywood, FL 33020?
- Use the Tour button on this listing to request a showing of 2323 Polk Street, Hollywood, FL 33020. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 2323 Polk Street, Hollywood, FL 33020 still available?
- 2323 Polk Street, Hollywood, FL 33020 is currently listed as Active, and has been on the market 183 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 2323 Polk Street, Hollywood, FL 33020?
- With 20% down ($599,998) on the $2,999,990 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 2323 Polk Street, Hollywood, FL 33020 is about $15,766/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 2323 Polk Street, Hollywood, FL 33020?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 2323 Polk Street, Hollywood, FL 33020. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- What schools serve 2323 Polk Street, Hollywood, FL 33020?
- 2323 Polk Street, Hollywood, FL 33020 is zoned for Oakridge (elementary), Olsen (middle), South Broward (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
- Can I negotiate the price of 2323 Polk Street, Hollywood, FL 33020?
- Often, yes. The right offer on 2323 Polk Street, Hollywood, FL 33020 depends on how it's priced against comparable land sales in Hollywood, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of Soar Realty Corp
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated June 23, 2026.
$2,999,990
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Listed by Juan A Suarez, Soar Realty Corp
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Recent Sales
Recently sold homes in Hollywood Little Ranches
These are the last 6 recorded closings in Hollywood Little Ranches, with the price each home actually sold for rather than what it was listed at. They closed at a median of $286 per square foot. The most recent closed on September 30, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$375,000
Sold · September 30, 2026
2120 Taylor Street
2 bed · 1 bath · 775 sqft · $484/sqft
$50,000 under the asking price
Sold$550,000
Sold · September 25, 2026
2424 Monroe Street
3 bed · 2 bath · 1,928 sqft · $285/sqft
$49,000 under the asking price
Sold$550,000
Sold · September 25, 2026
2424 Monroe Street
0 bed · 0 bath
$49,000 under the asking price
Sold$240,000
Sold · September 24, 2026
418 S 24th Avenue
2 bed · 1 bath · 840 sqft · $286/sqft
$59,000 under the asking price
Sold$300,000
Sold · September 23, 2026
2541 Washington Street
2 bed · 1 bath · 1,083 sqft · $277/sqft
$20,000 over the asking price
Sold$440,000
Sold · September 11, 2026
2410 Jackson Street
2 bed · 1.5 bath · 1,238 sqft · $355/sqft
$10,000 over the asking price
See every recorded sale in Hollywood Little Ranches or find out what your Hollywood Little Ranches home is worth.
