2455 Polk St Hollywood, FL 33020
North Central Hollywood NeighborhoodEstimated payment $13,499/month
Highlights
- 0.47 Acre Lot
- No HOA
- Landscaped with Trees
About This Lot
We’re pleased to present a rare shovel-ready development opportunity in the heart of Downtown Hollywood. This fully entitled 20,500 SF MC-1 zoned lot comes with approved construction plans and permits for a 3-story, 30-unit multifamily building.
The project includes a mix of spacious 1- and 2-bedroom units, a rooftop deck with open-air pool, landscaped green space with BBQ area, and 44 covered parking spaces plus bicycle parking.
Located just a 10-minute walk from Young Circle and an 8-minute drive to Hollywood Beach, this site offers unbeatable access to restaurants, arts, transit (US-1, I-95), and year-round coastal lifestyle.All reports completed — geotechnical, zoning, site plan approval — allowing a buyer to close with permits in hand and begin construction immediately.
Property Details
Property Type
- Land
Est. Annual Taxes
- $17,186
Lot Details
- 0.47 Acre Lot
- Lot Dimensions are 100x205
- Landscaped with Trees
- Property is zoned MC-1
Location
- City Lot
Utilities
- Phone Available
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 514216016470
Community Details
Overview
- No Home Owners Association
- Hollywood Little Ranches Condos
- Hollywood Little Ranches Subdivision
Building Details
- Gross Income $946,200
- Net Operating Income $647,400
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $17,186 | $1,128,330 | $1,128,330 | -- |
| 2024 | $17,374 | $820,600 | $820,600 | -- |
| 2023 | $17,374 | $820,600 | $820,600 | $0 |
| 2022 | $17,048 | $820,600 | $820,600 | $0 |
| 2021 | $10,081 | $468,000 | $123,090 | $344,910 |
| 2020 | $5,878 | $266,610 | $123,090 | $143,520 |
| 2019 | $5,894 | $263,870 | $123,090 | $140,780 |
| 2018 | $5,443 | $248,840 | $123,090 | $125,750 |
| 2017 | $3,502 | $144,610 | $0 | $0 |
| 2016 | $3,025 | $131,470 | $0 | $0 |
| 2015 | $1,391 | $96,350 | $0 | $0 |
| 2014 | $1,051 | $95,590 | $0 | $0 |
| 2013 | -- | $153,570 | $41,030 | $112,540 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/23/2025 05/23/25 | For Sale | $2,264,750 | +74.2% | -- |
| 12/30/2024 12/30/24 | Sold | $1,300,000 | -13.3% | $1,228 / Sq Ft |
| 03/15/2024 03/15/24 | For Sale | $1,500,000 | +188.5% | $1,416 / Sq Ft |
| 02/06/2020 02/06/20 | Sold | $520,000 | -11.7% | $491 / Sq Ft |
| 01/07/2020 01/07/20 | Pending | -- | -- | -- |
| 03/25/2019 03/25/19 | For Sale | $589,000 | -- | $556 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,300,000 | None Listed On Document | |
| Warranty Deed | $1,300,000 | None Listed On Document | |
| Warranty Deed | $900,000 | Attorney | |
| Warranty Deed | $520,000 | Attorney | |
| Trustee Deed | $312,000 | Certified Escrow Title Cop | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $2,184 | No Value Available |
Source: MIAMI REALTORS® MLS
MLS Number: A11808462
APN: 51-42-16-01-6470
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